You will find out where to buy them, what their exchange rates are and how they work. Using our calculator, you can even convert their price.
- What influences cryptocurrency rates?
- Comparison of 760 CFD brokers
- Plus500 review, what to watch out for?
Where to get actual and historical prices of cryptocurrencies?
You can watch out actual and historical exchanges rates of cryptos at our website.
in 7 days
|1.||Bitcoin||33 986,93 GBP|
(47 925,28 USD)
|-5.1%||-18.96%||635 927 739 917 GBP |
(896 727 473 921 USD)
|Price graph BTC|
|2.||Ethereum||2 648,90 GBP|
(3 735,24 USD)
|-8.45%||-2.3%||306 975 496 327 GBP |
(432 868 931 639 USD)
|Price graph ETH|
|3.||Binance Coin||406,67895 GBP|
|-5.01%||-12.4%||59 003 637 279 GBP |
(83 201 564 090 USD)
|Price graph BNB|
|16.54%||40.07%||49 987 059 293 GBP |
(70 487 205 692 USD)
|Price graph ADA|
|6.17%||-6.57%||48 177 150 411 GBP |
(67 935 036 761 USD)
|Price graph XRP|
|-11.66%||-25.43%||47 309 977 165 GBP |
(66 712 227 902 USD)
|Price graph DOGE|
|-0.64%||-0.28%||41 431 968 374 GBP |
(58 423 594 392 USD)
|Price graph USDT|
|-0.23%||15.38%||27 647 972 553 GBP |
(38 986 656 864 USD)
|Price graph DOT|
|9.||Bitcoin Cash||843,98281 GBP|
(1 190,11 USD)
|-8.71%||-13.68%||15 660 623 474 GBP |
(22 083 187 203 USD)
|Price graph BCH|
|-6.59%||-12.72%||14 633 814 321 GBP |
(20 635 274 303 USD)
|Price graph LTC|
|-13.14%||80.97%||11 508 417 380 GBP |
(16 228 123 729 USD)
|Price graph HEX|
The table was updated on 15.05.2021 20:00
What are cryptocurrencies?
Cryptocurrencies are virtual money usually based on „blockchain“.
In IT, Blockchain is a special type of a distributed decentralised database containing an ever-growing number of records which are protected from an unauthorised intervention both from the outside and from the side of peer-to-peer network nodes. The most common application of blockchain technology is the use of a cryptocurrency ledger (e.g. Bitcoin) which contains transactions made by its users. The combination with cryptography enables to ensure linearizability of the operations and stop unauthorised transactions.
Very simply said, it’s virtual money in the network which can’t be affected by a third party and which is not possible to be traced down to the original owner.
What are virtual currencies good for?
Cryptocurrencies are primarily used for buying and selling goods, however, a whole range of cryptocurrencies have more functions, such as Ethereum which can be used for connecting applications to the network for utilising so-called „smart contracts“.
Where are they used?
To a certain extent, virtual currencies are associated with illegal activities such as money laundering, financing terrorism, supporting illegal activities on the internet (e.g. torrent server donations). However, you can also use them for selling and shopping for completely ordinary things and services. The most widely spread currency, as you surely know, is BitCoin which can be used for payments in thousands of shops all over the world.
How to make money on cryptocurrency trading?
The foundation of it is to correctly determine whether the price of the cryptocurrency will rise or fall. You can earn or lose both on the fall and on the rise of the price if you trade using CFD brokers (Plus500 72% of retail CFD accounts lose money. ). That’s a huge advantage in comparison to buying and selling the currency over online stock exchanges.
74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How to correctly forecast the exchange rate?
Monitoring events concerning cryptocurrencies can help when correctly forecasting the exchange rate, to do so, you can use various economics magazines. I can recommend http://www.financemagnates.com/ from the foreign ones. Focus on the currency you want to trade with but also on other currencies associated with it. Most exchange rates are partially dependant on Bitcoin or Ethereum rates, so it’s good to obtain information about them as well.
Where and how to buy cryptocurrencies?
Basically, you have three options:
- You can buy them on cryptocurrency stock exchange (CoinBase, Bittrex etc.).
- Buy the cryptocurrency directly on the official website of the respective cryptocurrency if it enables it.
- Do not buy the virtual currency directly (Plus500 72% of retail CFD accounts lose money. ) – my tip, but trade it via CFD (contract for difference), this will enable us to speculate also about the price fall.
Is it worth buying starting cryptocurrencies?
The problem of new cryptocurrencies is that you usually don’t know what you are actually buying and often not even from who. As a matter of fact, you are only buying the marketing of a certain company. Yes, most cryptocurrencies have a sort of “awesome” idea why to buy it, but you need to take into consideration that there are thousands of cryptocurrencies and every single one is “awesome”. Is it worth the risk?
Often, the developers of new currencies just copy the BitCoin source code, make a few adjustments to the code and the world sees a new currency. They can continue by pre-mining a large amount of the currency for themselves, followed by launching an aggressive marketing campaign. If they manage to run the project, it will be just them who will earn the most money out of it. Naturally, this situation does not apply to every project, but the point is that you can never be sure with starting projects.
What virtual currencies to trade with/buy?
I personally trade with cryptocurrencies, so I have a great deal to tell you. I consider myself a fairly conservative person if it can be said about someone who trades with cryptocurrencies.
I can imagine someone meaningfully trading with roughly the first 100 cryptocurrencies (ordered by the total market value). Personally, I don’t recommend trading with other cryptocurrencies but it’s up to you, of course.
Based on my bad experience, I only trade with some of the first ten most valued cryptocurrencies, I have good experience namely with BitCoin, Ripple, BitCoin Gold and Dash.
Author of the article: Josef Kuchař – the owner of forbino.com, last updated Jan 14, 2020.