Buy cryptocurrency - there are options

Bitcoin, Bitcoin Cash, Litecoin, Dash and Ethereum - cryptocurrencies are particularly interesting for investors and speculators. But where can you actually buy a cryptocurrency as an investor and how do you participate in the development?

BUY CRYPTOCURRENCIES: RAPID DEVELOPMENT

The development of cryptocurrencies is progressing rapidly. A few years ago, Bitcoin and Ethereum were the digital means of payment for a few geeks, but they are now on everyone's lips with private and speculative investors. The reason is simple: If you bought bitcoins for a few hundred euros a few years ago, you are now a millionaire.

Again and again, new cryptocurrencies are springing up, Facebook is also intermingling in the digital currency market with its own currency, Libra . If you too have already been infected by the Bitcoin hype, then you have probably already considered how you can participate in the increase in value of cryptocurrencies and where you can buy Bitcoin, Ethereum , Litecoin , Ripple and Co. There are several ways, we highlight the advantages and disadvantages of the different options here.

THE EASY WAY: TRADE CRYPTOCURRENCIES AS A CFD

Investors who are primarily interested in participating in the performance of a cryptocurrency can relatively easily trade different cryptocurrencies through a CFD broker. Whatever cryptos you want to trade, the easiest way to do it is with a CFD.

You can think of a CFD as a security. As an investor, you participate directly in the development of the cryptocurrency exchange rate. If the digital currency increases, then your CFD also increases. However, you do not have the Internet currency physically, so you do not have a digital coin or file. Speculative investors can use a lever to do this using a CFD. With a leverage factor of 30, the CFD then falls or rises 30 times as much as the price of the cryptocurrency. Participation in a ratio of 1: 1 is of course also possible.

If you want to buy or sell a cryptocurrency as a CFD, you can use Plus500 , for example  . With Plus500 you can deposit by credit card and PayPal, the account opening is very quick and without Postident. Of course, you can also use any other CFD broker of your choice.