Top 10 Bitcoin Trading Sites - No Wallet Needed

Top 10 Bitcoin Trading Sites | Bitcoin CFD Trading | Platforms

Top 10 Bitcoin CFD Trading Sites Comparison Table
Online BrokerBitcoin Trading Platforms
Web Trader & Apps
Web Trader, Advantage Web & Apps, AT Pro
JForex
Web Trader & Apps
MT4, ETX TraderPro
MT5
MT4, MT5, cTrader
MT4
MT4, Trade Interceptor
MT4, cTrader, MT5

Top 10 Bitcoin Trading Sites - Bitcoin CFD Trading

In the comparison table are 10 brokers which provide CFD trading, with a range of platforms to trade Bitcoin CFDs. CFDs offer a way to trade cryptocurrencies without owning them and let the trade use the online trading platforms and tools provided by the broker to trade their range of markets.

How can Bitcoin be traded ?

Bitcoin can be traded on cryptocurrency exchanges. However some CFD brokers allow the trader to trade Bitcoin CFDs. A CFD is a Contract for Difference (the trader trades with their CFD provider, not on exchanges). Bitcoin CFDs are based closely on the price of Bitcoin on exchanges. When a trading a CFD, the trader does not own any Bitcoin and therefore needs no wallet or other means to store it. The trader can speculate on the price movement of Bitcoin, can go long or short and Bitcoin leverage trading is possible (though cryptocurrencies are extremely volatile and increasing leverage increases risk).

What is Bitcoin ?

Bitcoin is an Internet based payment network allowing payments in the cryptocurrency Bitcoin to be sent from wallet to wallet. Bitcoin utilises a cryptographically secured payment processing technology called the blockchain, which allows payment to be processed by miners and validated by the Bitcoin network in times which can vary depending on the level of congestion in the network.

There is no central processing system, thus payments when sent are processed to arrive at the destination. Bitcoin effectively 'outsources' payment processing to miners, who use computer programs and hardware to create blocks of processed payments. These blocks when validated by the network are cryptographically secured to the previous block, creating a chain of all transactions in the network which is stored in multiple copies.

Bitcoin is traded on exchanges with the symbol BTC, creating a reference value for CFDs which can then be traded at CFD brokers. Bitcoin along with other cryptocurrencies is extremely volatile. For CFD trading, this has meant that leverage while it is available has tended to be limited. This is because increasing leverage increases risk and exposure to volatile price movements.

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