Is investing in Bitcoin easy or is it risky? Who decides to invest in Bitcoin risks being scammed? How do you invest in Bitcoin? Bitcoin is the most famous and most popular cryptocurrency but those who are approaching investment in Bitcoin for the first time have many doubts. With this complete guide we try to answer the questions of those who want to earn with Bitcoin and do not know how. In this guide, we will also discuss the best ways for you to invest in the Bitcoin asset. We immediately anticipate that one of the best platforms, which we have known for years, is that of eToro (click here to visit the official home page). With this online trading platform it is possible to invest upwards or downwards in Bitcoin without commissions and in total security (platform regulated by CySEC in Europe with CIF license).
Bitcoin, Bitcoin Cash, Binance Coin, Cardano, Dash, EOS, Ethereum, Ethereum Classic, IOTA, Litecoin, Neo, Stellar, Tezos, Tron, XRP and Zcash are available for possession and for short on the eToro platform. Can I still open Short positions in cryptocurrencies? You can still open short (SELL) positions on the platform, however these will be CFD positions. Are there Stop Loss and Take Profit? It is important to note that although you own the underlying asset, the Crypto trading experience is, in effect, the same as that of CFD trading and transactions are subject to the same system configurations applicable to all other CFD transactions on the platform. . If a position has 'No SL', it means that the Stop Loss is actually positioned at 1 pip (0.0001 or 0.01), i.e. as close as possible to zero. As long as the SL is set at the lowest possible rate, the currency should be substantially worthless for the position to close. On December 15, 2017, we decided to disable the possibility of changing the Stop Loss setting due to the high volatility and the impossibility of guaranteeing its execution, applying a -100% to all positions BUY crypto without lever. In December 2018, we reactivated the possibility of manually modifying the SL, in response to the constant feedback from our appreciated trading community. For more information on the Stop Loss for cryptocurrency positions, please refer to our blog post on the subject. From March 28, 2018, transactions are automatically opened without Stop Loss and without Take Profit. You can apply a Take Profit order after opening the position, based on a percentage on the position or a specific amount. Are cryptocurrencies regulated? Cryptocurrencies are not regulated and therefore users will not be insured by investor compensation schemes in Cyprus or the United Kingdom for these instruments when they own the underlying asset. Furthermore, it will not be possible to lodge a complaint with the Financial Ombudsman Service if the customer is not satisfied with our service, even if we will do everything possible to resolve any issues or problems. However, since cryptocurrency transactions that are CFDs are regulated financial instruments, the client benefits from regulatory protections on these transactio