Electronic currencies are now a considerable part of the economic system. They provide a more transparent and secure transactions system that cannot be blocked by banks and other financial institutions regulating the currencies market.
According to the latest statistics, the weekly market capitalisation of cryptocurrencies in June 2022 was around 1 billion USD.
In addition, private and public sectors are starting to accept the idea of adopting cryptocurrencies in their financial dealings, such as making payments and investments. For example, Francis Suarez, Miami mayor, takes his salary in bitcoin.
Thus, cryptocurrencies are suitable for trading, depositing, and withdrawing, thanks to their accessibility, liquidity, anonymity, and transparency.
Why trade crypto?
OctaFX provides competitive spreads and leverage for crypto instruments:
We offer 30 currency pairs including BTCUSD, ETCUSD, BNBUSD, XRPUSD, ADAUSD, SOLUSD, and DOGEUSD with a 1:25 leverage.
Trading cryptocurrencies helps you diversify your risks:
Since cryptocurrencies are decentralised assets, their price movements are less affected by economic data releases, political uncertainty, interest rate changes, and correlating assets. This feature distinguishes cryptocurrencies from other trading instruments.
You can trade cryptocurrencies 24/7:
Unlike all other instruments with closer ties to banks, stock exchanges, and other large financial institutions, cryptocurrencies don’t depend on certain working hours. You can trade them even during weekends and bank holidays.
Trading cryptocurrencies can be profitable even during a downtrend:
The trend direction is not the key factor. What matters is volatility. As long as cryptocurrencies exist, you can trade on them. The key is to avoid high leverage, set exact target levels, and trade on smaller timeframes.
What does OctaFX offer to make your deposits and withdrawals with crypto easier?
Most people still doubt depositing and withdrawing via crypto is safer than bank transfers or cards. However, it is true. Here’s why:
– Financial institutions do not regulate cryptocurrencies
There is no risk that a regulator might cancel your transaction.
– This deposit and withdrawal method is available anywhere in the world
You can use it anytime, anywhere—even when you’re not in your home country.
– Faster deposits and withdrawals
All operations are processed automatically. The deposits are instant, and withdrawals take an hour or less, much faster than the usual banking methods. You won’t need to wait several days for the bank to process your transaction.
– We compensate the withdrawal commission requested by the blockchain
Once you’ve deposited, traded, and gained some profit, you won’t pay any additional system fees upon withdrawal. To use a cryptocurrency as a withdrawal method, you must make the initial deposit in the same cryptocurrency. It’s the only condition OctaFX has.
– There’s a wide choice of cryptocurrencies for deposits and withdrawals
You can select from these options- TRC20, ERC20, BTC, Dogecoin, Litecoin, and Ethereum.
In conclusion, cryptocurrencies are excellent for diversifying your risks and trying new trading assets. Don’t forget to follow the risk-management rules and read the deposit and withdrawal instructions when selecting any cryptocurrency as a payment method in your Personal Area.
We wish you profitable trading!
Technext Newsletter
Get the best of Africa’s daily tech to your inbox – first thing every morning.
Join the community now!
