DeutschCryptocurrencies are still on everyone’s lips. However, it is still relatively complex to acquire Bitcoin, Ethereum and other digital currencies. Here is an alternative: Crypto trading is the trading of cryptocurrencies using CFDs.
The CoinPro.Ch Provider Test – the Best Ways to Trade Cryptocurrencies without a Wallet
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Trade many different cryptocurrencies without a wallet with our CFD broker test winner Plus500 - 7 days a week.
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
OKX is one of the largest crypto exchanges in the world and combines numerous functions such as a wallet, staking, futures, margin, and spot trading in a single platform.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
Remember that CFDs are a leveraged product and can lead to the loss of your entire capital. Trading CFDs may not be suitable. Please ensure that you fully understand the risks involved. Please read the risk warnings and the user agreement before using the services.
Trading cryptocurrencies using CFDs
Trade cryptocurrencies in just ten minutes
Regulation as a further advantage of CFD trading
Potential profits as a further advantage
Is now a good time to enter crypto trading?
Trading cryptocurrencies using CFDs
There are numerous speculative investors in Switzerland who are fundamentally interested in trading cryptocurrencies. However, only a small proportion of these traders actually put the plan into practice. One reason for this is that trading in digital currencies seems very complex. For example, you first need a wallet, so at least basic technical knowledge is required. But that’s not all, because the cryptocurrencies then have to be traded on a special exchange, sometimes the holdings have to be transferred to an external wallet, and if digital currencies are to be used from the wallet, a further step is necessary. This procedure is simply off-putting for many traders. In practice, however, there is an alternative way to trade cryptocurrencies without a wallet, namely via CFDs.
Trade Cryptocurrencies in a Short Time
In addition to the procedure described above, another reason that prevents some traders from trading cryptocurrencies is the time involved. First, a wallet has to be generated, then you have to register on a Cryptocoin exchange, transfer central bank money there in order to ultimately be able to buy the digital currency that you would like to have. The alternative already mentioned in the introduction, namely trading cryptocurrencies via CFDs, is also advantageous in this respect. Only the following steps need to be completed for crypto trading:
- Registration with a CFD broker
- Deposit money into the trading account
- Place a trade order
The entire process of registering and depositing into the trading account usually takes different lengths of time depending on the case. Some brokers require you to fill out a questionnaire and upload documents to verify the account. In addition, a major advantage, of course, is that in this case you can speculate on the price development of the cryptocurrency without a wallet, so that the entire process is transparent and fast. With the CFD broker, you get practically everything from a single source, namely the required trading account for holding the CFDs and the platform via which you can trade Crypto-CFDs.
Regulation as a further advantage of CFD trading
Perhaps you have also heard that there have been some unfortunate incidents with Cryptocoin exchanges in recent years. These consisted in particular of hacker attacks, in which sometimes larger holdings of cryptocurrencies were stolen. One criticism that experts make regarding the crypto platforms and Cryptocoin exchanges available on the market is the mostly non-existent regulation. In direct comparison, CFD trading can also score points here, because almost every CFD broker that also enables trading in cryptocurrencies via Crypto-CFDs is officially regulated by the responsible financial supervisory authority. This now applies to almost all CFD brokers, who can also be reached via the corresponding website in Switzerland, such as:
The regulation primarily ensures that the broker has to comply with certain security guidelines, so that the entire appearance seems extremely reputable. Since there are no such regulations for the Cryptocoin exchanges via which you can trade directly with cryptocurrencies, no prescribed security guidelines have to be met. In summary, in our opinion, CFD brokers are simply better secured than Cryptocoin exchanges, so this point also speaks in favor of quick and direct speculation on the price development of cryptocurrencies without the need for a wallet.
Crypto Trading: Multiplication as a further Advantage
A further advantage of speculating on the price development of cryptocurrencies via CFDs is that the amounts are multiplied. The so-called leverage, with which every CFD broker works, is responsible for this. This leverage is usually between 10:1 and 30:1 when it comes to crypto trading. What does this mean for you in practice? Suppose you were to trade cryptocurrencies directly via a Cryptocoin exchange. If you wanted to buy five Bitcoins, for example, you would currently have to spend around 100,000 Swiss francs. If the price of Bitcoin now rises by five percent, you would have a price gain of 1,000 francs.
The calculation looks very different, however, if you opt for CFD trading. In this case, too, you would like to buy (or sell) two Bitcoins or speculate on the price development, which would of course also lead to a current equivalent value of around 100,000 francs. In this case, however, the broker charges a leverage of 30:1. For you, this means that you only have to use 1/30th of the equivalent value as so-called margin.
If the price now rises by five percent in this case as well, you would also have a plus of 1,000 francs, but in this case with a capital investment of only 3,330 francs. As a result, you can achieve significantly higher profits in a short time with a positive development in crypto trading than is possible with direct trading of the cryptocurrency via Cryptocoin exchanges. However, it should of course be noted that not only the profits are multiplied, but also any losses are higher. In addition, with CFD trading it can happen that you quickly reach the limit of the margin, so that the broker automatically closes your position and you consequently suffer a total loss.
Is Now a Good Time to Enter Crypto Trading?
In fact, numerous Swiss traders who would like to speculate on the price development of cryptocurrencies are also wondering whether this is a good time to enter the market. The fact is that, for example, Bitcoin has recorded significant price declines since its high towards the end of last year of over 18,000 francs. Bitcoin is currently only trading at around 6,600 francs, making it significantly cheaper than it was a few months ago. This applies to most well-known cryptocurrencies to the same extent. Nevertheless, it is not possible to predict whether these are already favorable entry prices or whether the prices might fall further. From a trend perspective, however, numerous negative headlines and events are already included in the prices of cryptocurrencies, so the chances are certainly not bad that the prices will recover. As a result, now could be a favorable time to speculate on the prices of Bitcoin & Co. quickly and without a wallet via CFDs.
