Crypto trading has been gaining momentum over the years, offering traders flexibility, security, and exciting opportunities. But for those who haven’t taken the plunge yet, misconceptions can make it seem complicated or out of reach. Let’s set the record straight and debunk three common myths about trading with crypto!
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Myth 1: Owning crypto is expensive

Not really! While Bitcoin’s price can seem intimidating, you don’t have to buy an entire Bitcoin to get started. You can own tiny fractions of it-called satoshis. For example, on Deriv, the minimum trade amount for Bitcoin is just 0.0001 BTC, which is currently worth less than $5!

Plus, there’s another way to trade crypto without a hefty upfront investment-leveraged trading with CFDs. This allows you to open larger positions with a smaller starting capital, making crypto trading more accessible than you might think.
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Myth 2: You’ll need to learn a whole new market

Think crypto is a completely different world? Not necessarily! If you already know how to trade forex, stocks, or other markets, trading with crypto is just another asset choice.

The process is similar-pick your market, choose your trade type, and manage your risk. You can even use cryptocurrencies to trade other markets like forex or synthetic indices. So, you’re not learning a whole new game-just adding another tool to your trading strategy.
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Myth 3: The only way to get more crypto is to buy it

Buying crypto is just one way to own it, but it’s not the only way. When you trade with cryptocurrency on markets like forex or synthetics and earn a payout, you’re increasing your crypto balance.

Think of it like making a profit in fiat currency, except this time, it’s in Bitcoin, Ethereum, or any other cryptocurrency you trade with. By making smart trades, you can grow your crypto holdings without making additional purchases.
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Start trading crypto today!

Cryptocurrencies are redefining how we trade, offering new opportunities beyond traditional fiat currencies. By understanding the truth behind these myths, you can confidently explore crypto trading with a fresh perspective.

Check out the full range of cryptocurrencies available for trading on Deriv, and open a free practice trading account today!