WHAT IS CRYPTO CURRENCY?
What Actually Is Bitcoin?Bitcoin as in money is an accounting system it is a way to record payment & values. But unlike money Bitcoin does not depend on a trusted third party for the transaction, it is fully peer to peer and it does it digitally so you & me can do it directly & everything is recorded in an open ledger, Blockchain.
The Other Coins
EthereumIs an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Most ICOs (Initial Coin Offerings) use ethereum. It has a less intimidating cost that Bitcoin, and has the second highest market cap since it initial release in 2015.
LitecoinStarted in 2011, Litecoin is just like Bitcoin just faster and cheaper, it uses essentially the same technology of Bitcoin, and it costs about 1/100th of Bitcoin transaction speed.
DashcoinBegan its journey in 2014 is an open source peer-to-peer Crypto currency. On top of Bitcoin's feature set, it currently offers instant transactions (InstantSend),private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.
ZcashA decentralized and open-source Crypto currency aimed at using cryptography to provide enhanced privacy protections. While the bitcoin blockchain contains records of the participants in a transaction, as well as the amount involved, Zcash shielded transactions hide the sender, recipient, and value on the blockchain. Initial release 2016.
MoneroA decentralized and open-source Crypto currency aimed at using cryptography to provide enhanced privacy protections. While the bitcoin blockchain contains records of the participants in a transaction, as well as the amount involved, Zcash shielded transactions hide the sender, recipient, and value on the blockchain. Initial release 2016.
Benefit of Crypto Currencies DerivativesFutures and derivatives allow investors to take up positions on crypto currencies without owning any of the actual crypto currency like Bitcoin or Etheruem. The used of leverage let you own multiple coins by using just the value of one coin. It is highly liquid because you are not trading with one person or one party, United Global Asset let it investor trade STP (straight through processing) with it ECN (electronic communication network) where multiple liquidity providers at the lowest most competitive price available.
Timeline of Bitcoin Since Day 1
Crypto Currency TradingCrypto currency market run independently of government or central bank intervention, it does not has interbank or fund managers controlling orders or it price’s fluctuation. Price movements on Crypto currencies are driven by news and market’s sentiment, i.e. when Cboe and CME announced they will start Bitcoin futures contracts on their exchange, speculators buy in on the news causing Bitcoin price worldwide to raise drastically. Another i.e. is when China banned all ICO companies to operate in China, price of Bitcoin drop $2,000. United Global Asset Crypto currency CFD product let you buy or sell without actually owning the Crypto currency. This means you can get exposure to the price of the Crypto currency without worrying about your eWallet or your crypto currencies storing account being hack.
Benefits of Trading Crypto Currency With us
- You can open a sell position before even owning a buy
Take a sell position when you expect any cryptocurrency to fall in price, just like when you expect it to rise.
- No need Bitcoin to trade Bitcoin
Unlike crypto exchanges, you do not need to own a crypto currency before trading in CFD crypto currency trade, because settlement are done in cash.
- Trade with multiple exchanges and liquidity provider at one go
As an ECN broker you get to trade with multiple market maker and liquidity provider, enter / exit a position almost immediately.
- Gain on leverage
Using only 20% of your capital you can own the full value of the cryptocurrency.