Cryptocurrency is a digital currency whose exchange does not require the presence of a third party. Peers can exchange this currency through a transparent process without revealing their identities. The exchange takes place digitally via a network consisting of a chain of computers. Due to the transparent nature of the transaction, cases of fraud are very rare in cryptocurrency exchange.
Currently, the global trading market for cryptocurrencies is on a steady growth. Most brokers have included this trading among their many trading options. Go Markets broker is one of the platforms where you can get this service.
Top five cryptocurrencies
1.Bitcoin
The first cryptocurrency to be traded was Bitcoin. Created in 2009 by an unknown person who used the alias, Satoshi Nakamoto, Bitcoin remains the most popular and most widely used cryptocurrency. The currency is considered the gold standard in cryptocurrency trading with a market cap of about $180 billion.
2.Ethereum
Also known as, Ether, the currency has a market cap of $18 billion. Developed in 2015, six years after the creation of Bitcoin, Ether is an urin-complete programmable currency. It is from Ether that other cryptocurrencies were launched two years later.
3.Bitcoin cash
Launched in 2017, this cryptocurrency has been on the rise. The currency is currently worth $ 100.67 USD.
4.Ripple
Found in 2012, Ripple has the ability to track other transactions besides cryptocurrency. It is for this reason that the cryptocurrency was used by various banks. The currency has a market cap of $10 billion.
5.Litecoin
Litecoin is similar to Bitcoin in form. Developed shortly after Bitcoin, the currency has since developed several innovations. It has a market cap of $5 billion.
Cryptocurrencies available on Go Markets Platform
The following are the Cryptocurrencies available on the Go Markets platform.
- Bitcoin
- Ethereum
- Litecoin
- Bitcoin Cash
- Ripple
All the above cryptocurrencies have a 20% margin, a minimum trade size of 0.01 and a maximum trade size of 5. The contract size varies from $1 to $1000 times the symbol value.
Cryptocurrency trading experience on Go Markets
GoMarket is one of the leading brokers that offers cryptocurrency trading. The broker focuses on providing some of the fastest growing cryptocurrencies in the world. The broker offers options such as Etherium, Cash, Bitcoin, Ripple, Litecoin and Bitcoin CFD trading.
Traders at Go Markets do not have to directly purchase the underlying assets for them to speculate on the prices of all the CFD cryptocurrency options.
Go Markets cryptocurrency trading can be done without having to worry about having an existing bitcoin wallet or actually purchasing cryptocurrency units when the trader is using a live account. GoMarkets takes charge of the process by offering a leveraged CFD. However, before into Go Markets Cryptocurrency trade, it is good to have a sound knowledge and experience using the Go Markets forex broker.
Conclusion
Overall, Go Markets cryptocurrency trading is a good experience. However, if you are looking for the best broker for cryptocurrency trading, you might want to consider other brokers known to offer the best services in that line since the Australian forex broker is known for being the best FX broker but not the best cryptocurrency broker. Besides the forex trade, Go Markets is also considered the top online CFD broker.
