Most of us use digital money every day-think about when you tap your card or make an online purchase. But what if money could exist purely in digital form, without banks or governments controlling it? That’s where cryptocurrency comes in. 

Let’s dive into the world of crypto and see how you can start trading it like a pro.

What is cryptocurrency?

Cryptocurrency is a type of digital currency that exists only online. Unlike traditional money, it’s not issued by any government or bank. Instead, it operates on blockchain technology-a secure and transparent digital ledger that records transactions across a decentralized network.

Why is it called "crypto"?

The "crypto" in cryptocurrency comes from cryptography, a method of securing data. Every transaction is encrypted, making it nearly impossible to hack or alter. This level of security is one of the biggest reasons crypto has gained so much trust and popularity.

Is cryptocurrency safe?

Yes! Blockchain technology makes crypto transactions incredibly secure. Unlike banks, which store your financial data in one place, cryptocurrency transactions are spread across thousands of computers. This decentralization makes hacking much more difficult. Plus, each transaction is cryptographically secured, meaning only authorized parties can access the data.

Why trade cryptocurrency?

Crypto trading isn’t just a trend-it’s a revolution. Here’s why traders love it:

• No Middlemen – Trade directly, without banks or brokers taking a cut.
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• 24/7 Market – Unlike stock markets, crypto never sleeps. Trade anytime, anywhere.
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• Big Profit Potential – Crypto’s volatility creates opportunities for high returns (but also high risks!).
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• Global Accessibility – No need to deal with currency conversions—crypto is borderless.

How does cryptocurrency trading work?

You’ve got two main ways to trade crypto:

1. Buying and Holding – You purchase cryptocurrency and store it in a digital wallet, hoping its value increases over time.
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2. Trading Without Owning – Using Contracts for Difference (CFDs) or multipliers, you can speculate on crypto price movements without actually owning the asset. This allows you to profit from both rising and falling prices.

Which cryptocurrencies are best for trading?

There are thousands of cryptocurrencies, but these are some of the biggest players:

If you’re just starting out, Bitcoin is a great first choice due to its popularity and stability. As you gain confidence, you can explore other cryptocurrencies to diversify your trading portfolio.

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Where can you trade crypto?

At Deriv, you can trade cryptocurrency CFDs on Deriv MT5, Deriv X, and Deriv cTrader, or try out crypto multipliers on Deriv Trader. Not sure where to start? Open a free demo account and practice risk-free before diving into live trading.

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Ready to trade?

Now that you’ve got the basics down, why not take the next step? Open your Deriv crypto trading account today and start exploring the exciting world of cryptocurrency trading!

Sign up now and take advantage of market opportunities!

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