Trade Cryptocurrency on Deriv’s cTrader

Whether you’re a seasoned trader or someone new to the world of cryptocurrency, Deriv’s cTrader platform offers a robust and user-friendly interface to help you dive into the exciting world of cryptocurrency trading. This guide aims to provide you with all the information you need to get started on your cryptocurrency trading journey with Deriv.

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What is Cryptocurrency Trading?

Cryptocurrency trading on Deriv is akin to trading other financial markets – such as forex, stocks, stock indices, or commodities. However, there’s a crucial difference. With Deriv, you don’t need to purchase the actual cryptocurrency. Instead, you predict price movements of crypto assets and earn profits if your forecasts are accurate.

Before venturing into the world of trading, it’s essential to grasp the fundamentals of what cryptocurrency is and how it works – similar to other markets. Once you are confident with your knowledge, you can proceed to learn about cryptocurrency trading.

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Trading Cryptocurrency Pairs

Trading cryptocurrency pairs is very similar to trading fiat currency pairs in forex. For example, if we consider the BTC/USD pair (Bitcoin against the US dollar), if you anticipate that the value of Bitcoin will appreciate against the US dollar, you can open a buy trade and earn a profit if your prediction is correct. Conversely, you can open a sell trade if you believe that Bitcoin’s value will depreciate.

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How Does Cryptocurrency Trading Work on Deriv?

With Deriv, you can trade cryptocurrencies either by going long or going short with Contract for Differences (CFDs) or multipliers. This approach allows you to benefit from the price movements of assets without purchasing or owning the actual digital coin.

Trade Crypto CFDs with Deriv

CFDs Trading on Deriv

Deriv offers two CFD trading platforms with cryptocurrency trading options: Deriv MT5 (DMT5) and Deriv X. DMT5 is the adaptation of the world’s most popular CFD trading platform. In contrast, Deriv X is the latest offering with a highly customizable interface. Both platforms are superb for CFD trading, with the choice depending primarily on personal preference.

You can trade a plethora of cryptocurrencies with CFDs on both platforms. Most of these cryptocurrencies are traded against the USD, while Bitcoin can also be traded against Ethereum and Litecoin. To commence trading cryptocurrency on Deriv, you will need to create a Financial account, select your preferred pair, set up the required trading parameters, and place your trade. We provide comprehensive step-by-step instructions to guide you through setting the trading parameters for your trade on DMT5 or Deriv X.

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Trading Cryptocurrency with Multipliers on Deriv

To trade cryptocurrency with multipliers, you can choose between DTrader and the mobile app – Deriv GO. DTrader offers an intuitive and user-friendly platform, while Deriv GO enables you to trade while on the move.

Placing a trade with multipliers is quite straightforward. You simply need to select your stake, choose the multiplier, and place your trade. Deriv also provides risk management tools, such as take profit and stop loss, to help you manage your trades more efficiently.

You can start your cryptocurrency trading journey by choosing the platform that suits you the best and creating a risk-free demo account loaded with 10,000 USD virtual money to practise and hone your skills.

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Advantages of Cryptocurrency Trading on Deriv

At Deriv, you can benefit from a highly liquid market with round-the-clock trading. By correctly predicting the movement of the world’s most popular cryptocurrencies, you stand to make a substantial profit. Furthermore, our CFD trading allows you to potentially profit from the price movement of the underlying asset without purchasing it.

On Deriv, trading CFDs on leverage lets you pay only a small fraction of the contract’s value, potentially amplifying your profit. However, this can similarly increase your potential loss.

Trade Crypto CFDs with Deriv

Why Choose Cryptocurrency Trading on Deriv?

Deriv offers several compelling reasons to choose Deriv for your cryptocurrency trading needs:

  1. 1 to 100 leverage: Amplify your trading potential.
  2. Tight Spreads: Maximize your profits with the competitive spreads.
  3. Diverse Cryptocurrency Pairs: Trade with over 30+ crypto pairs.
  4. Zero Commission: No hidden costs, what you see is what you get.

Getting started with Deriv is simple and only involves three steps:

  1. Practise: Open a demo account and practise with an unlimited amount of virtual funds.
  2. Trade: Open a real account, make a deposit, and start trading cryptocurrencies and other markets.
  3. Withdraw: Conveniently withdraw your funds through any of the supported withdrawal methods.

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How to Understand Cryptocurrency Prices

Understanding the factors that influence cryptocurrency prices can assist you in making more informed trading decisions. While the cryptocurrency market shares some characteristics with traditional financial markets like forex, commodities, or stock indices, it also has its unique elements.

Cryptocurrency prices can fluctuate due to various common factors such as supply and demand, cost of production, competition, and market conditions. Additionally, crypto-specific factors like availability on exchanges, speculation, regulations, and social media also significantly influence the prices of cryptocurrencies.

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cTrader on Deriv: The Ultimate Trading Solution

cTrader is a complete trading platform solution for forex and CFD brokers to offer their traders. The platform is packed with a full range of features to cater to every investment preference, from premium charting and manual trading to algorithmic trading and a revolutionary investment service, cTrader Copy, enabling anyone to become a strategy provider.

Moreover, cTrader’s Open API allows you to build your own applications and use them for trading on any cTrader account. Whether you prefer to trade on a desktop, web browser, or mobile device, cTrader has you covered with fast and easy-to-use interfaces.

By combining a comprehensive trading environment with unparalleled customer service, Deriv’s cTrader platform ensures an exceptional trading experience for beginners and professionals alike.

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FAQs about Crypto trading with Deriv

What is cryptocurrency trading on Deriv?
Cryptocurrency trading on Deriv involves predicting price movements of crypto assets, not buying the actual crypto. You profit if your predictions are correct.
What platforms does Deriv offer for crypto trading?
Deriv offers a variety of platforms for cryptocurrency trading, including Deriv MT5 (DMT5), Deriv X for CFD trading, DTrader, and the Deriv GO mobile app for trading with multipliers.
How does cryptocurrency trading with CFDs work on Deriv?
You can trade cryptocurrencies with CFDs on Deriv’s DMT5 and Deriv X platforms. You need to create a Financial account, select your preferred pair, set up the required trading parameters, and place your trade.
How does cryptocurrency trading with multipliers work on Deriv?
You can trade cryptocurrencies with multipliers on DTrader and Deriv GO. You simply select your stake, choose the multiplier, and place your trade. You can also apply risk management tools, such as take profit and stop loss, for better trade management.
Can I practice crypto trading on Deriv before investing real money?
Yes, Deriv allows you to create a risk-free demo account loaded with 10,000 USD virtual money for you to practice your trading skills.
What factors affect cryptocurrency prices?
Cryptocurrency prices are influenced by various factors, including supply and demand, cost of production, competition, market conditions, availability on exchanges, regulations, and social media influence.
What is cTrader?
cTrader is a comprehensive trading platform solution offering advanced trading features. It is available on desktop, web, and mobile devices, and offers manual trading, copy trading, algorithmic trading, and more.
What is cTrader Automate?
cTrader Automate is a feature of the cTrader platform that allows traders to develop trading robots and custom indicators to automate their trading strategies.
What is the cTrader Open API?
The cTrader Open API allows developers to build their own trading applications, which can then be used for trading on any cTrader account.
What is the cTrader FIX API?
The cTrader FIX API provides a standard trading interface to every trader with their cTrader account, accommodating trading with hedging accounts. This API is free, secure, and publicly accessible.