Crypto
LIKE GOLD-Cryptos are becoming popular, with their worth now close to $100 billion.
What is Cryptocurrency Trading?
When you trade via an exchange, you will need to create an exchange account as well as open a crypto wallet where you will be storing your coins. With an exchange, you own actual coins in digital form and must store them securely. You will generate a profit when the value of the underlying coin you are holding increases and you sell the coins at a higher price than that which you had initially bought for. If you sell at a price lower than the buying price, you incur losses.
In contrast, with a CFD brokerage firm, you do not own the underlying coin or token – you simply speculate on its price changes. If you place a buy order, you generate profits if you exit the trade position at a higher price. You incur losses when trading crypto CFDs if your price prediction is wrong.
Trade anytime
Cryptocurrencies are open 24/7, meaning you can trade them anytime.。
Cryptocurrency Prices
Cryptocurrency prices are constantly changing. This volatility creates opportunities to either go long or short.
100 billion
Cryptocurrencies are becoming ever more popular, with their worth now close to $100 billion.。
What Cryptocurrency Does TIS Offer?
BCH
BIT
BTC
DASH
EDO
EOS
ETC
ETH
ETP
IOTA
LTC
MET
NEO
OMG
TRX
XMR
XRP
ZEC
The Main Cryptocurrencies
What is Bitcoin
The world was in a global crisis triggered by financial deregulation, and as a result, Bitcoin offered hope for the future. Bitcoin was as mysterious as its founder, Satoshi Nakamoto. The first-ever cryptocurrency was intended to be the future of money but as soon as Satoshi ‘disappeared’ around 2011, his peers quickly understood the unique potential that cryptocurrency held in the world of investing. The quality of cryptocurrency as a store of value emerged. In late 2009, $1 was the equivalent of over 1,300 Bitcoins. From being valued at a fraction of the dollar, one Bitcoin crossed the $10,000 valuation price point within 8 years – an abnormal rate of return by every measure. By late 2017, Bitcoin became a household name as it flirted with the $20,000 price level.
What is Ethereum
Ether is a relatively new Cryptocurrency which runs on the Ethereum digital platform. The digital currency only went live in 2015 after being funded through an online crowdfunding campaign. Initially, when the currency debuted, 72 million coins had been ‘premined’; this now accounts for around 70% of the total currency circulating in 2018. Ethereum allows people to send and receive credits via an open network, operating similarly to Bitcoin. The currency is used predominantly as a smart contract instead of a conventional form of payment. Ethereum runs as an open software platform utilising blockchain technology, the blockchain is where records of transactions are stored and these are stationed on computers from all around the world. This is essential in making it decentralised.
What is Litecoin
Litecoin dubbed as an ‘altcoin’ was designed to be a replica of Bitcoin with some moderate changes. It was to excel in certain areas such as the ability to be used for smaller transactions, as well as being easier to use daily, making it more accessible. Litecoin made its blocks process up to four times faster than Bitcoin. However, it required more sophisticated technology to mine. Litecoin is one of the most traded cryptocurrencies but in terms of market cap, much smaller than Bitcoin. It isn’t currently used by mainstream corporations as a form of payment but it has the potential to be widely embraced in the future.