{"id":2693,"date":"2022-07-22T20:14:15","date_gmt":"2022-07-22T18:14:15","guid":{"rendered":"https:\/\/cfd-trading-blog.com\/?p=2693"},"modified":"2024-05-26T22:20:47","modified_gmt":"2024-05-26T20:20:47","slug":"bitcoin-cfds-als-alternative-zu-echten-bitcoins","status":"publish","type":"post","link":"https:\/\/cfd-trading-blog.com\/en\/bitcoin-cfd\/bitcoin-cfds-as-an-alternative-to-real-bitcoins\/","title":{"rendered":"Bitcoin CFDs as an alternative to real bitcoins"},"content":{"rendered":"
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Bitcoin and other cryptocurrencies are becoming more and more popular. The possibilities to trade Bitcoin are also increasing. Two interesting ways to trade Bitcoin are Bitcoin CFDs and the real Bitcoins. But what are the differences and which product is suitable for whom, that we answer in this article.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What are Bitcoin CFDs?<\/strong><\/h2>

Bitcoin CFDs are contracts for difference whose underlying asset is bitcoin. This means that the price of the Bitcoin CFD correlates with the price of Bitcoin. CFDs are available for various assets, such as stocks, ETFs, commodities, indices, currencies and even cryptocurrencies.<\/p>

CFDs belong to derivatives and are often traded with leverage. In the European Union, the leverage for CFDs on cryptocurrencies is capped at 2:1 by default. However, keep in mind that trading with leverage is very risky. For CFDs, there are special brokers that specialize in these financial products. An extensive CFD Broker Overview<\/a><\/strong> you will find with us.<\/p>

For those who don't want to buy real cryptocurrencies or are afraid that their Bitcoin wallet will be hacked, Bitcoin CFDs could be an alternative. However, you need to be clear about what exactly the differences are and what advantages and disadvantages CFDs and real bitcoins have.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Differences of Bitcoin CFDs and real Bitcoins<\/strong><\/h2>

Before trading Bitcoin CFDs or Bitcoin, you need to understand the two financial products. Although the name is very similar, they are fundamentally different at their core. One of the most important differences is that Bitcoin CFDs are derivatives and are based only on the price of the underlying asset. Thus, you do not own any real Bitcoins!<\/p>

So if you only want to speculate on the Bitcoin price in the short term, Bitcoin CFDs can be interesting for you. Also from the point of view that you can trade Bitcoin CFDs with leverage and also speculate on falling prices. Likewise, because of the higher fees, Bitcoin CFDs are not suitable for long-term investing.<\/p>

On the other hand, those who want to invest in Bitcoin for the long term are better off with the real Bitcoins. This is not least due to the relatively high fees for CFDs, especially if they are held for a longer period of time. All other differences can be found in the following table Bitcoin CFDs vs. real Bitcoins:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/strong><\/th>Bitcoin CFDs<\/strong><\/th>real bitcoins<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Background<\/strong><\/td>Derivative (CFD)<\/td>Coin based on the blockchain<\/td>\n<\/tr>\n
Usage<\/strong><\/td>- Speculation
\n- Trading<\/td>
- Long-term investment
\n- Means of payment<\/td>\n<\/tr>\n
Fees<\/strong><\/td>- Spread
\n- Overnight fee<\/td>
- Spread<\/td>\n<\/tr>\n
Trading place<\/strong><\/td>CFD broker<\/a><\/td>Crypto Exchange<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Advantages of Bitcoin CFDs<\/strong><\/h2>

In order to decide whether Bitcoin CFDs is the right thing to do, you should know all the advantages. Therefore, we have listed here all the advantages of Bitcoin CFDs over real Bitcoins:<\/p>