Trade cryptocurrencies
Cryptocurrencies are digital assets that are decentralized, meaning they aren’t controlled by a central authority, such as a government or financial institution. Some popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
You can trade cryptocurrencies using fiat currency, such as US dollars or euros, or other cryptocurrencies.
You can trade cryptocurrency pairs, such as BTC/USD or ETH/EUR
Choose the pair you want to trade and analyse the market using technical and/or fundamental analysis.
Choose the type of order you want to place (market, limit, stop-loss, etc.) and the amount you want to trade. Monitor your trades and adjust your orders if necessary.
It’s important to note that trading cryptocurrencies on a forex platform can also be risky and volatile, and it’s important to do your research and understand the risks involved before investing any money.
Cryptocurrencies available for trading
BTC
Bitcoin is the largest, and most popular, cryptocurrency in the market today. It was created in 2009 and has spawned the entire crypto market that is seen today.
ETH
Etereum is the original smart contract platform that lets decentralized apps be built on top of it that are fueled by the token, ETH.
LTC
Litecoin is a cryptocurrency designed to be a peer-to-peer payment coin that is often called the silver to Bitcoin’s gold
XRP
Ripple is the company that creates and owns the XRP token which is designed to be a cheaper, scalable alternative to cross border payments.
Why You should consider trading cryptocurrencies
Trading cryptocurrencies can be a highly profitable experience. Due to the speculative nature of the asset class, the price of digital assets can be highly volatile and fluctuate greatly within certain timeframes. It’s not uncommon to see cryptocurrencies rise and fall as much as 20% in a single day or from week to week.
High profit potential
Traders choose cryptocurrencies because of higher volatility and increased potential profits on successful trades.
Access to global markets
Is Bitcoin is not enough for you? Tap into global financial markets and speculate on the prices of Indices, FX, and commodities.
Most popular digital assets
markethousepro offers Bitcoin, Ethereum, Ripple, EOS, and Litecoin – the most popular and liquid cryptocurrencies in the market.
Secure trading
Traders can protect their positions against extreme market volatility by using protection orders, and have peace of mind while trading on a secure platform.
Why trade cryptocurrency with markethousepro
Deep liquidity, powerful tools
Trade cryptocurrencies with our fast, secure and reliable platform. Benefit from deep liquidity, and a wide range of advanced features and trading tools.
Competitive fee schedule
Enjoy some of the best trading conditions on the market with tight spreads and low fees on all cryptocurrency trades.
Intuitive, user-friendly trading
Customize your trading interface with features like multi-monitor functionality, a range of integrated dashboard widgets, and 24/7 customer service.
Advanced charting tools
Experience a range of different chart types, over 50+ trading indicators, a comprehensive suite of drawing tools, and the ability to execute trades directly from charts.
How does cryptocurrency margin trading work?
When traders decide to use margin trading for cryptocurrencies they will essentially borrow funds from the platform to increase the buying or selling power of their trade. Margin trading means that traders are only required to deposit a small percentage of the total value of a position.
In other words, on the markethousepro platform, traders will be able to trade positions bigger than the capital they deposit, in order to increase profitability. Note, that margin trading can magnify your potential profit – but also your potential loss.
The benefits of cryptocurrency trading with leverage
Magnified profits
This leveraged margin trade then allows you to receive higher profits if the position goes the right way. However, the risk is that if the trade is unsuccessful the losses can be magnified too.
Portfolio diversification
By margin trading the trader is not forced to put too much of their capital into one trade. It allows for the remaining capital to be diversified around other trades and markets.
Gaining from the market fall
When trading on margin, traders can profit from a falling market by opening a short position, meaning they have the intent to sell high and buy back low.
Cryptocurrency leverage trading example
If a trader takes a short position of 10,000 XRP on 10x leverage, and the price of Ripple falls 3% the trader will earn a profit of 300 XRP. A similar spot trade without leverage would result in only 30 XRP earned.
Disclaimer: Margin trading also comes with inherent risks if the position moves against the trade. You should never utilize 100% leverage and never invest more than you can afford to lose.
How to start trading cryptocurrency
What is cryptocurrency?
Cryptocurrency is one of the most revolutionary technologies of the early 21st century, with an origin story, history and explosion into the public consciousness that rivals many other inventions that came before it. In 2008, a research paper from an anonymous individual or group known as “Satoshi Nakamoto” was released.
Nakamoto’s newly created computational data structure called “blockchain” was based on making sure no one party had central control over the system. As a result, it would allow for people around the world to transfer value without needing to trust each other, and without needing an authority to manage the system.
This new type of virtual currency was named “cryptocurrency” by its creator, and in the same research paper that described blockchain technology, the design of the first cryptocurrency called “Bitcoin” was also explained. Although today there are more than 3,000 cryptocurrencies in use around the world, Bitcoin held more than 90% of the total value of all cryptocurrencies for many years and was one of only a small handful in existence.
This new type of virtual currency was named “cryptocurrency” by its creator, and in the same research paper that described blockchain technology, the design of the first cryptocurrency called “Bitcoin” was also explained. Although today there are more than 3,000 cryptocurrencies in use around the world, Bitcoin held more than 90% of the total value of all cryptocurrencies for many years and was one of only a small handful in existence.
Why has trading cryptocurrencies become so popular
Cryptocurrencies have consistently outperformed all other financial asset classes over their lifespans, which has largely fuelled the ongoing increase in the number of cryptocurrency traders and the amount of investment flooding into global crypto-asset markets. Trading cryptocurrency can be highly lucrative, with the inherent volatility found within crypto markets providing persistent opportunities for executing profitable trades.
markethousepro provides a safe and reliable platform to access global crypto-asset markets, with the capacity to execute up to 12,000 orders per second, and advanced security features built into our platform including multi-signature cold storage, mandatory Bitcoin whitelisting, hardware security modules with a rating of FIBS PUB 140-2 or higher, and the cryptographic hashing of all passwords and encryption of all sensitive data.
The markethousepro platform is hosted on Amazon AWS, which has a proven track record for stability and security.
What are the most popular cryptocurrencies?
Cryptocurrencies that provide unique functions and solutions, with loyal communities around the world, and which are featured heavily in news coverage and social media, quickly grow to have the most exposure in popular culture.
Bitcoin
Bitcoin has been the largest cryptocurrency by price and market cap since its launch in 2009 to today, and remains the world’s most talked-about and popular cryptocurrency. The innovation built into Bitcoin led the way for the cryptocurrency industry to become what it is today. Bitcoin’s price has continued to rise year-on-year, with the increase in Bitcoin’s value during 2017’s bull run being over 1,900% in 12 months! Read Bitcoin price forecast.
The markethousepro platform is hosted on Amazon AWS, which has a proven track record for stability and security.
Ripple
Ripple is the company that owns and runs the XRP token, one of the top five cryptocurrencies by market cap and a token aimed at revolutionizing the world of banking. XRP, fuels transactions on a financial payment network that allows for fast, globally-dispersed exchanges of different currencies. Many major players in the banking sector have partnered with Ripple, and as a result, it’s price has seen an ROI of over 2,700% in the past 3 years. Read Ripple price forecast.
Ethereum
Ethereum is the 2nd largest cryptocurrency in the world by market cap, and has seen some of the highest ROIs for investors of any crypto-asset in existence today. Ethereum with the first cryptocurrency to provide a system that did significantly more than just provide a way to transfer value. Ethereum executes code known as “smart contracts” on its blockchain that allow for programs to be run that can perform a wide range of functions. Read Ethereum price forecast.
Litecoin
Litecoin is the world’s 6th largest cryptocurrency by market cap, and is one of the oldest cryptocurrencies, with its launch being way back in 2011. Litecoin is known as the “silver to Bitcoin’s gold” because it was created from the same code that Bitcoin runs on. Litecoin’s profitability over the years has been one of the success stories of cryptocurrency, with Litecoin’s ROI during 2017’s bull run being almost 8,500% in just 12 months. Read Litecoin price forecast.
Open an account now
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fund or trade.