Differences between Investing vs Trading
Differences between Investing vs Trading
BTCEUR is another crypto-fiat currency pair representing the value of Bitcoin compared to the Euro. Bitcoin Euro is one of many BTC price pairs available to traders and investors. The Euro is the world’s second most traded currency, and Bitcoin is a decentralised, peer-to-peer cryptocurrency launched in 2009. Bitcoin is also the first cryptocurrency to hit the market; its popularity resulted in dozens of platforms creating advanced use cases for the digital coin, including exchanges, wallets, online games, and payment services.
BTC transactions are recorded in a blockchain. A blockchain is a public ledger that groups different record lists into blocks. Each block in the BTC blockchain contains a cryptographic hash. Like Binance Coin, Bitcoin’s uses have expanded since the digital currency launched over ten years ago.
Like some of the other crypto instruments on this list, the Bitcoin Euro has a volatile price history, as many external factors can push it higher or cause adverse effects. Issues such as new Bitcoin regulations in the European Union can negatively affect BTCEUR since new regulations result in tighter control. That said, tighter regulations can also positively affect the BTCEUR share price since more control can offer traders more security.
Because BTCEUR is a crypto-fiat currency pair, the strengthening or weakening of the Euro can also impact the share price. For interested Bitcoin Euro traders, it’s essential to watch for emerging economic and political events in the European Union. These events can include migration, unemployment, and terrorism.
BTCEUR traders also want to pay attention to any releases regarding interest rates and monetary policy by the European Central Bank. In the future, institutional investors and growing interest from Asia are expected to influence this currency pair.
One of the major factors to consider before trading or buying BTCEUR is the volatility of the Bitcoin market. For traders who want to capitalise on these price fluctuations, contract for difference (CFD) trading is the better option as they can capitalise on the price of the Bitcoin Euro increasing or dropping.
Traders can execute CFD trades on desktop trading platforms or mobile apps. These mobile apps enable push notifications on specific price movements. This is key since the Bitcoin market is volatile, and mobile CFD apps ensure traders never miss a crucial trading moment.
Some individuals may prefer to buy Bitcoin and then leave their investment alone for a period, waiting to see how new regulations affect the share price. Here, buying BTCEUR is better than trading the currency pair. If you're still undecided on trading or buying Bitcoin Euro, you can use copy trading platforms like Skilling Copy to get advice from industry experts and knowledgeable traders.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.