Sandbox trading has become popular, and Skilling offers a great way to get started with this growing market. With their SANDUSD product, you can trade cryptocurrency without taking ownership of the underlying asset. You can take positions on price movements in the underlying sandbox crypto asset at prices determined by Skilling’s platform.
This is a great way to get exposure to the fast-moving cryptocurrency space without having to buy and store tokens. With SANDUSD, you can go long or short on the price of sandbox crypto with CFDs and set up margin trading if desired. Skilling provides a secure platform for anyone looking to enter the world of sandbox trading.
The price history of the Sandbox over the past 5 years has been rather volatile. It hit a low of 0.147 on 20th June 2021 and its highest so far was 6.795 on 19th December 2021. As of May 2023, it is trading at around 0.5 US Dollars, making it a great opportunity for traders to get in on the action. With its price still reasonably low, traders may want to consider adding this asset to their portfolios before it potentially rises in value again.
To make the most informed decisions, investors should do their own research and study data from Sandbox's price history. This will allow them to understand how the asset moves and prepare for potential market changes.
Trading in the Sandbox has its own set of advantages and disadvantages. On one hand, it can be used to trade securely and anonymously, since transactions are recorded on a secure blockchain ledger. Additionally, the platform allows for near-instant executions so you don't have to wait for long periods of time before making trades. But on the other hand, there are some risks involved in trading using Sandbox, such as volatility and price fluctuations.
If you're looking for an alternative to Sandbox, there are quite a few available. Ethereum is a popular choice since it offers the ability to create smart contracts that can automate most of the steps involved in trading. NEO is another option, as it offers faster transaction times and supports various decentralized applications. Finally, Ripple is a well-established digital currency offering low fees and fast execution times.
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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.