Maximizing Earnings During the Cryptocurrency Surge: Octa Broker’s Handbook for Leveraged Trading

As Bitcoin’s value skyrocketed in 2024, along with a surge in the entire cryptocurrency market, retail investors have shown unparalleled interest in this class of assets. But what are the optimal strategies for capitalizing on the crypto market’s evolution, and which investment channels should one consider? The seasoned professionals at Octa, a globally licensed brokerage firm, provide insights on the benefits of leveraged crypto trading, a highly accessible method for leveraging the rising crypto trend.

The burgeoning crypto sector is propelled by wider acceptance, evolving regulations, and increasing interest from institutional investors. The dramatic increase in Bitcoin’s valuation in 2024, experts suggest, was triggered by the U.S. presidential election outcomes rather than enduring, established market trends—according to analysts’ statements.

No matter the cause, significant price shifts lead to heightened market actions. Investors employ various tactics to seize these golden opportunities—here’s a glance at two prevalent methods.

Diverse routes to a single destination

The high demand for cryptocurrencies as a tradable asset leads to numerous trading approaches. Among them, two strategies stand out as particularly accessible and thus appealing to novice traders: engaging in cryptocurrency transactions via Contracts for Difference (CFDs) or utilizing a crypto exchange.

Crypto CFDs are primarily traded with financial brokers, enabling you to take on more extensive market positions with less capital, thus offering greater trading potential but concurrently increasing risk. In contrast, Crypto exchanges involve the actual purchase of digital currencies, demanding additional responsibilities for asset holders.

Employing crypto exchanges

Users of crypto exchanges directly purchase and offload digital currencies, transferring the acquired coins into their electronic wallets. While trading on exchanges, your profits and losses directly reflect the price movements of the assets. Yet this route comes with its own challenges, such as various fees set by the platform and heightened risks associated with storing digital funds.

Holding cryptocurrencies grants greater control over your digital holdings but raises the complexity of the operation. It also constrains your potential to profit from bear markets, potentially compromising your long-term strategy and threatening overall returns.

CFD trading of crypto assets

CFDs allow traders to speculate on asset price movements without actual ownership. Traders and brokers agree to settle the difference in value between the opening and closing of the trade. Trading via CFDs spares traders the hassles associated with e-wallets management and transaction logistics, as brokers streamline the process and mitigate risks with competitive pricing.

The digital platforms tailored for CFD trading are typically intuitive and offer ease of use, enabling retail traders to better monitor and act upon market shifts.

Leveraging your CFD trades

Brokers offering CFD assets usually present leveraged options, empowering you to command larger market stakes with only a fraction of the capital. Leverage has both advantages and downsides, amplifying both potential profits and losses and, therefore, should be used with caution and proper risk management techniques.

Octa, with an impressive track record exceeding 13 years, provides leveraged CFD crypto trading without commissions and features narrow spreads. This type of trading adds value for those who prefer to avoid traditional exchange fees. Although not an exchange, Octa strives to create a secure trading space with swift fund withdrawals, round-the-clock cryptocurrency market access, and a protective stance on client funds.

Final Considerations

Trading cryptocurrencies through CFDs empowers you to harness both the peaks and troughs of the market, unlocking the full potential of today’s most sought-after assets. With consistent education and practice, crypto trading can evolve into a dependable supplementary income source, easing day-to-day financial needs and propelling you towards your long-term fiscal objectives.

Introducing Octa

Octa is a globally recognized brokerage established back in 2011, serving an international clientele with commission-free market entry and an array of resources. With clients from over 180 nations and more than 52 million opened accounts, Octa contributes to their investment success via complimentary educational webinars, insightful articles, and analytical resources.

The firm actively engages in numerous charitable projects aimed at improving education infrastructure and providing swift assistance to local communities in need.

Since its inception, Octa has been honored with over 90 accolades, including ‘Most Reliable Broker Global 2024’ by the Global Forex Awards and ‘Best Mobile Trading Platform 2024’ by Global Brand Magazine.