What is Cryptocurrencies ?
Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies issued by governments (like the Indian Rupee or US Dollar), cryptocurrencies operate on technology called blockchain, which is a decentralized and distributed ledger system. This means that transactions made with cryptocurrencies are recorded on a publicly accessible database that isn't controlled by any single entity, making them secure and transparent.
Bitcoin (BTC) :- The first and most widely recognized cryptocurrency.
Ethereum (ETH) :- Known for its smart contract functionality.
Ripple (XRP) :- Designed for real-time cross-border payments.
Litecoin (LTC): Often considered the silver to Bitcoin's gold.
Cardano (ADA) :- Focuses on scalability and sustainability.
Pick Your Pairs
The cryptocurrency market operates 24/7.
| Symbol | Average Spread (pips) | Spread As Low As (pips) | Max Leverage |
|---|---|---|---|
 BTCUSD Bitcoin | 71.50 | 71.00 | 1:200 |
 DOGEUSD Dogecoin | 0.00611 | 0.00590 | 1:200 |
 ETHUSD Ethereum | 6.85 | 6.20 | 1:200 |
 LTCUSD Litecoin | 3.15 | 3.02 | 1:200 |
 SOLUSD Solana | 1.70 | 1.50 | 1:200 |
| Symbol | Average Spread (pips) | Spread As Low As (pips) | Max Leverage |
|---|---|---|---|
| BTCUSD Bitcoin | 29.44 | 29.00 | 1:200 |
| DOGEUSD Dogecoin | 0.00311 | 0.00300 | 1:200 |
| ETHUSD Ethereum | 3.80 | 3.60 | 1:200 |
| LTCUSD Litecoin | 1.80 | 1.30 | 1:200 |
| SOLUSD Solana | 0.83 | 0.55 | 1:200 |
| Symbol | Average Spread (pips) | Spread As Low As (pips) | Max Leverage |
|---|---|---|---|
| BTCUSD Bitcoin | 29.44 | 29.00 | 1:200 |
| DOGEUSD Dogecoin | 0.00311 | 0.00300 | 1:200 |
| ETHUSD Ethereum | 3.80 | 3.60 | 1:200 |
| LTCUSD Litecoin | 1.80 | 1.30 | 1:200 |
| SOLUSD Solana | 0.83 | 0.55 | 1:200 |
What are Cryptocurrencies?
Cryptocurrencies, or Cryptos, are unique and popular digital currencies that are changing the financial industry exponentially. Their lack of physical form and decentralized nature, achieved by the use of Blockchain technology, makes them perfect for trading.
Launched in 2009, Bitcoin was the first decentralized digital cryptocurrency. Its characteristics more closely resemble commodities rather than conventional currencies. It often records the highest trading volume in almost all the exchanges it's listed on.
Bitcoin Trading
When you choose to trade derivatives on bitcoin, the price is usually quoted against the US dollar. In other words, you are selling USD to buy bitcoins. If the price of bitcoin rises, you will need to buy BTCUSD in order to make a profit because bitcoin is now worth more USD than when you bought it. If you decide to sell the BTCUSD and the price rises, then there will be a loss.
Important Cryptocurrencies
Other than Bitcoin, important cryptocurrencies include:
Ethereum (ETH) – The second-largest digital currency by market capitalization after Bitcoin.
Ripple (XRP) – One of the most attractive digital currencies among traditional financial institutions, revolutionizing cross-border payments.
Litecoin (LTC) – Often referred to as "silver to Bitcoin's gold."
The price of a cryptocurrency can be affected by many factors, including supply and market demand, regulation, news, media, and price speculation.
At Heddge Capitals, we offer you the opportunity to trade popular Cryptocurrencies as derivatives without owning the digital asset, with 24-hour trading, low margin requirements, and the ability to trade on both rising and falling prices.