How does trading on a CFD platform differ from trading cryptocurrencies directly?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we believe that trading cryptocurrencies directly is the best way to participate in the cryptocurrency market. By owning the actual cryptocurrency, you have full control over your assets and can benefit from any potential price appreciation. While trading on a CFD platform may offer certain advantages, such as leverage and flexibility, it also involves additional risks and complexities. We recommend that traders carefully consider their goals and risk tolerance before deciding which method of trading is right for them.
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