AvaTrade Crypto – Our Guide to Getting Started Trading

AvaTrade Review

Cryptocurrency trading is an innovative, fast-paced, and relatively easy-to-understand way to turn a profit. However, to make sure you are getting the lowest fees and the best terms, it’s best to carefully scrutinize crypto trading platforms before signing up for an account. Today, we’re going to take a look at AvaTrade; we’ll provide you with the information necessary so you can determine whether it’s the right platform for you.

What Is AvaTrade?

avatrade forex brokerAvaTrade is a digitized platform that gives international brokerages and investors the chance to trade without need for third-party interference. It has a great reputation within the trading industry, and you can even sign up for an AvaTrade demo account before depositing any of your own money. For more information, check out our comprehensive AvaTrade Forex review! In today’s AvaTrade broker review, however, we will be looking at the platform’s cryptocurrency solutions.

Trading vs. Investing: What to Choose?

Keep in mind that AvaTrade offers a way to trade cryptocurrency, rather than a way to invest in cryptoassets. However, we believe that trading is the superior option, and here’s why.

TradingInvesting
Opening a trading account with AvaTrade is a fast processCreating investment accounts on other sites is time-consuming
When trading on AvaTrade, your position is immediately openedAn attribution panel needs to confirm your position
Crypto trading lets you potentially make a profit on a negative trendA profit can only occur when there is a positive trend
There is no risk of theft or hacking when you trade cryptocurrencies on AvaTradeThere is always the chance that your wallet could be stolen or hacked
When trading cryptocurrencies with AvaTrade, you don’t have to pay a crypto-purchase commissionThere is an extra commission to pay

Advantages of Trading Crypto with AvaTrade

AvaTrade’s CFDs for cryptocurrency offer excellent benefits that other exchanges don’t have. Some of these include:

  • Short Selling. This is where you can keep trading when the markets are falling, thus making a profit on price decreases.
  • Leveraged Trading. This is where you can borrow funds from the exchange and trade big positions with small investments. AvaTrade offers leverage for cryptocurrency positions of up to 20:1.
  • Auto Trading. AvaTrade is compatible with Zulutrade, which lets you copy experience traders. You can also use the AvaSocial tool for social trading or, if you prefer, use pre-programmed AI trading bots.
  • Free transactions. No Avatrade fees for withdrawals or deposits.

On top of these benefits, you can also enjoy 24/7 trading, an easy AvaTrade registration process, and competitive spreads.

The 3 Best Alternatives for Bitcoin

Bitcoin may be dominating the cryptocurrency market, but that doesn’t mean that you should ignore the alternatives. Other crypto spinoffs (or “altcoins”) are well worth investing in and trading. Here are a few of the other top forms of cryptocurrency.

ethereum logo mainEthereum (ETH) was launched back in 2015 and has quickly become the second most popular kind of cryptocurrency. Ethereum’s platform lets other distributed apps run using it, plus smart contract apps and other tokens can run on the platform as well. Think of ETH as being blockchain Internet rather than blockchain money. And Ether is the coin that makes transactions possible on ETH’s platform.

litecoin logo main baxityLitecoin (LTC) was one of the very first Bitcoin spinoffs, and it was created to be a faster alternative to BTC. It has a speedier block generation – thus ensuring quicker transaction confirmations. In 2017, LTC was the first cryptocurrency to use the Lightning Network, which let transactions be completed in less than one second.

ripple logo mainRipple (XRP) was created to allow low-cost, immediate cash transfers across the globe. It differs from Bitcoin in that all Ripple coins were released simultaneously, so there is no need for mining. XRP is currently the crypto coin of choice for many banks and financial organizations.

 

How to Get Started Trading Crypto with AvaTrade

Trading cryptocurrencies with AvaTrade is fairly simple to set up.

  1. Create a trading account on the AvaTrade website. Avatrade create account1
  2. Make your first deposit, and then choose the amount of your deposit that you’d like to invest.avatrade deposit funds
  3. Pick which cryptocurrency you’d like to trade.
  4. Pick whether you want to go long (buy) or go short (sell). After confirming that, you are good to go!avatrade trade crypto

We wanted to cover one more thing about AvaTrade: the registration process. It’s super simple!

  1. Head to AvaTrade’s home page and select the orange “Register Now” button.AVATRADE REGISTRATION
  2. Input an email address, phone number and full name.Avatrade create account1
  3. Click the blue “Create Account” button.
  4. A registration form will pop up; fill out the form answering the required questions and the form with your personal info. Click “Next step” button.avatrade registration1avatrade registration2
  5. Then fill out the form with information concerning your income and the objective of creating an account on AvaTrade.avatrade registration3
  6. Verify your identity and a legal address. Verification involves uploading ID documents, but the process is fairly simple.avatrade verification

After registration and verification are complete, you can fund your account. Don’t forget to check out AvaTrade’s Trading Education section to learn more useful tips on trading cryptocurrency!

So, if you are ready to take advantage of AvaTrade’s 24/7 trading capabilities, social trading bots, competitive spreads, and high crypto leverage, sign up for an account today.

 

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