*Digital Currencies:*
Virtual or digital currencies designed for exchange, utilizing encryption for security, transaction verification, and control over the creation of new units of any specific digital currency.
Digital currencies have limited entries that cannot be altered except under specific conditions.
Bitcoin was not the first attempt to create a digital currency; there were many attempts during the technology boom of the 1990s that ultimately failed due to various issues such as fraud and financial problems.
These systems that failed relied on third-party verification and facilitation methods. Most believed that creating a digital system was a hopeless case for a long time. A breakthrough occurred in the early 2009 when an anonymous programmer or a group of programmers under the pseudonym Satoshi Nakamoto introduced Bitcoin, described as a decentralized cash system, which means there are no servers involved or central authority in control, so it doesn't face the specter of inflation like other digital currencies, and what distinguishes it is that it was programmed only for a limited number, which is 21 million pieces.
In recent years, digital currency trading has attracted many investors as an alternative investment, and this is due to the huge leaps in the value of Bitcoin, which reached about $1,000 in 2017, then rose to more than $19,000 and reached $68,000 in 2021, then declined to $15,000 in 2022, and reached $73,000 in our current year 2024, and experts expect Bitcoin to reach $500,000.
Moreover, the acceptance of many institutions and some governments of digital currencies as a means of payment in many places is continuing to spread, and these cryptocurrencies gained credibility when exchanges like CBOE and CME launched trading in digital currencies through futures contracts on BITCOIN and many people now participate in trading digital currencies.
If you think that the opportunity for profit and benefiting from digital currencies has passed because of their launch and achieving record numbers, this is not true, as you can achieve excellent profits by buying and selling popular digital currencies without having to endure the troubles of stock exchange accounts, through the contracts for differences offered by exness.
*Advantages of Trading Contracts on Differences on Digital Currencies in Exness:*
Trading cryptocurrencies without swap:
You will be able to trade the most common cryptocurrencies including BTCUSD, ETHUSD, LTCUSD, and other well-known digital currencies. You will reach the rapidly growing digital currency market and benefit from the fluctuations in digital currency prices without the need to own the financial asset itself, and you can achieve profit in both cases whether you sell or buy whether the market is rising or falling.
*Trading Conditions in the Cryptocurrency Market:*
You can trade digital currencies throughout the week except during server maintenance periods, and you will be informed via email.
*Spread:*
Exness offers low spread differentials that distinguish it from other companies, allowing you to increase your profits, and the spread widens only during times of decreased liquidity and declines, and this continues until liquidity returns to normal levels.
For more explanation about the types of accounts and their spreads, you will find it from here
*Swap:*
No swap is charged on digital currency transactions, so you can keep your cryptocurrencies open overnight without swap whether buying or selling.
*Instant Withdrawal of Funds:*
Your funds will reach your wallet within moments. All you have to do is take advantage of all market fluctuations and achieve profit.
For more information about the means of deposit and immediate withdrawal from here
*Protection Against Forced Closure:*
A unique feature found only in Exness that reduces your exposure to forced closure during periods of high volatility.
To know more about the feature of protection from forced closure from here
*Benefit from exclusive trading features to enhance your deals and profit from a constantly volatile market only with Exness.
