If you’ve been thinking about getting results with Bitcoin for a long time, but you still don’t have it in your head how to do it, in this article you’ll find all the major ways in which you can get profits by negotiating on the crypto currency. Among the most used methods is BTC trading on traditional exchange and trading platforms, such as the Kraken and Coinbase platforms, or on the CFD Plus500 trading platform.
A very interesting aspect, which many users appreciate about some platforms, is the possibility to get results not only from the rises, but also from the falls. For example, while some platforms allow you to buy Bitcoin and get positive results only in case the price rises in value, there are others that allow you to make profits even from the falls.
Below you will find a selection of the best trading platforms that allow you to produce economic results with Bitcoin from both ups and downs.
Getting Bitcoin Back Without Undermining
One of the advantages of using the trading platforms is that they allow you to make Bitcoin gains without undermining.
Trading platforms are generally divided into two main categories: exchanges and CFD platforms.
On exchanges you can buy Bitcoins with money or other crypto currencies. For example, you can deposit a certain amount in euros and then buy bitcoins. Or, you can use some other previously purchased crypto currency to trade it for BTC. Examples of very famous exchanges are Coinbase and Kraken. There are also other sites that allow you to buy bitcoins in cash, such as LocalBitcoins where you should however be rather careful because it is a free and unregulated market.
On CFD platforms, however, you can trade on Bitcoin and make profits from both price increases and decreases, depending on your forecast. For example, if you expect the bitcoin price to rise in value, you may open buying positions. If, on the other hand, the BTC quote is expected to fall in value, you can open selling positions (and thus make profits from the drop in the bitcoin).