The cryptocurrency universe took the investment public by storm in 2017, registering phenomenal gains in the process. So massive were the gains that words like Bitcoin, Ripple, Ethereum and Litcoin became pub talk.
On the 9th of March 2018 Dukascopy announced that it had introduced the Bitcoin to US Dollar (BTC/USD) with leverage 1:3 on the demo environment in response to trader requests, with the live environment following soon. This is an exciting development to many investors as it gives yet another way in which investor can gain exposure to the bitcoin returns.
This article explores the pros and cons of the various ways that investors can trade bitcoins.
This method entails buying the underlying asset which is the bitcoin from an exchange or online cryptocurrency broker and holding the actual currency in a wallet at the exchange or off-site. Upon purchase the investors becomes the direct holder of the digital asset and the bitcoins are sent to a personal bitcoin address or account (wallet) with the exchange. From there, one can transfer the cryptocurrency to any bitcoin address or wallet address using their own unique private key that verifies the con…