If you are familiar with a traditional stock trading platform, you should be able to learn how to trade crypto within an asset portfolio. You can participate in crypto IRAs for tax-deferred trading if you wish.
You can speculate on the prices of cryptocurrencies using contracts for difference (CFD) trading. With CFDs, you never actually own any of the crypto you’re trading, although the user interface looks the same as a crypto exchange.
Modern crypto trading allows for long and short trades, and you have more than 5,000 altcoins to choose from. You can also purchase options on Bitcoin futures through the Chicago Mercantile Exchange. If you want instant diversification, you can try a fund like Grayscale® Bitcoin Investment Trust (OTC: GBTC). Expect the same fees that come with the funds dedicated to other sectors, but if you don’t feel comfortable outside of traditional markets, this is your in.
Although the entire market is volatile, larger coins such as BTC and ETH tend to be less volatile than small-cap altcoins. Small caps generally have the potential for more growth, just like stocks.
One of the most important decisions you can make when trading crypto is the broker you will use. Be sure to thoroughly vet the feature set of your chosen broker before committing to it.
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