A cryptocurrency is a digital (virtual) financial currency that provides transaction security via the use of cryptographic technologies. The crypto shell that encases a digital currency increases security and makes transactions tamper-resistant. Since their inception, cryptocurrencies have grown rapidly in popularity, and they are now among the most in-demand trading products. Bitcoin, Dash, EOS, Ethereum, Litecoin, NEO, and Ripple are among the most prominent crypto assets that are traded now. Cryptocurrencies are not issued by central banks, and their value is unaffected by bank policies.Unlike traditional currencies, where new money may be injected into the money supply via Quantitative Easing (QE), cryptocurrency values are solely determined by supply and demand.
Bitcoin is the most-traded cryptocurrency in the world, accounting for a sizable portion of the cryptocurrency market. It was the first cryptocurrency to be presented to the general public and so has the most established infrastructure. It is frequently seen as a cryptocurrency trailblazer. Bitcoin has effectively established an alternate asset class that may be employed in portfolio hedging techniques, particularly in volatile markets.
Ethereum is a blockchain-powered platform that is ideally suited for its native cryptocurrency, Ether, ETH, or just Ethereum. Ethereum is built on blockchain technology and smart contracts. Based on a predefined mechanism, a smart contract automatically enforces the conditions of the agreement.Bitcoin and Ethereum have many similarities, but their long-term objectives and constraints are quite different.
Litecoin (LTC) is a cryptocurrency that was founded in October 2011 by Charles "Charlie" Lee, a former Google developer. Litecoin was based on Bitcoin's open-source code, but with a few changes. It was originally dubbed the "silver to Bitcoin's gold," and at its peak, it was the third largest cryptocurrency by market capitalization.Because it has a similar structure to Bitcoin, it has been used as a testnet or testing ground for enhancements that were ultimately incorporated to Bitcoin.
Ripple is a financial system that functions as both a cryptocurrency and a digital payment network. The basic process of Ripple is a payment settlement asset exchange and remittance system, comparable to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen operating across currencies. Ripple transactions utilise less energy than bitcoin transactions, are confirmed in seconds, and have extremely low transaction costs, whereas bitcoin transactions use more energy, take longer to confirm, and have higher transaction costs.
Viewmaxfs' trading platform allows you to speculate on the price swings of Crypto CFDs such as Bitcoin, Ripple XRP, and Ethereum without really holding them. This implies that traders may gain exposure to the cryptocurrency's price without having to worry about the security concerns involved with keeping it or the counterparty risk posed by the exchange. This is analogous to trading Energy Derivatives, such as oil, rather than owning real oil and speculating on its price. Price variations in cryptocurrencies such as Bitcoin and Ethereum are mostly determined by supply and demand. We offer immediate updates and with decreased latency for fastest possible trade execution.
ViewmaxFX was developed with a "security-first" mindset for our Customers. We work hard to provide you with a trustworthy option, and we look forward to gaining and keeping your trust. ViewmaxFX allows you to trade cryptocurrencies with leverage of up to 1:30.
