Investing In Bitcoin and Cryptocurrency CFDs

A cryptocurrency is a digital or virtual currency that is designed to work as a medium of exchange. It makes use of computer cryptography to secure and confirm transactions as well as to have control over the distribution of new units of that particular cryptocurrency .

Essentially, these digital currencies are limited entries within a database that no one can change unless they fulfil a set of very specific conditions.

Cryptocurrencies have become very popular investments recently, as they start to gain mainstream acceptance by major banks and financial institutions. Several online brokers let you get in on the action by offering you the opportunity to trade crypto CFDs on margin, without actually having to purchase the currencies themselves.