One thought on “Should I buy physical bitcoin or use CFDs to trade bitcoin?

  1. Arti says:

    If you are a long-term cryptocurrency investor, buying the underlying physical bitcoin is the safest and lowest-cost way to invest in bitcoin. For more active, short term trading, Contracts for Difference (CFDs) can be suitable. Just remember, CFDs are not ideal for holding long-term positions (months or years) because the financing charges add up. To verify a broker’s regulatory status, first, determine the broker’s legal name and country, then find the appropriate regulator website to look them up. com, we track, rate, and rank brokers across 20 international regulators. For example, a broker in the UK must be authorized and regulated by the Financial Conduct Authority (FCA). To avoid sca Conversely, traders who wish to purchase the underlying physical bitcoin will find that eToro is a great option, followed by Swissquote Bank. For bitcoin CFD trading, including the ability to go long or short, we recommend forex brokers which include IG or City Index due to their competitive pricing.

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