CFDs trading are derivatives, which allow you to take a position on PrimeXBT cryptocurrency worth movements without taking possession of the underlying cash. You can go long (‘buy’) if you assume a cryptocurrency will rise in worth, or short (‘sell’) if you suppose it'll fall.

A cryptocurrency is a digital or digital forex that's secured by cryptography, which makes it almost impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate community of computers. A defining function of cryptocurrencies is that they're generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.