Digital Currencies Trading

Frequently Asked Questions

• What is digital currencies trading?

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  Digital currencies trading involves speculating on the price movements of blockchain-based asssets such as Bitcoin and Ethereum. With Aurra, you can trade these assets as CFDs without needing to own the underlying token, allowing you to maximise opportunity from both rising and falling markets.

• What is a digital currencies Contract for Difference (CFD)?

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  A digital currencies Contract for Difference (CFD) is a financial derivative that allows you to speculate on blockchain asset price movement without owning the underlying digital currency. Traders will be able to profit from buying (long) or selling (short) the asset based on its trend direction.

• What digital currencies can I trade on Aurra’s Platform?

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  Our platform offers CFD trading on popular digital currencies including Bitcoin (BTC), Ethereum (ETH) and EOS.

• What are the spreads and commission charges for digital currencies?

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  Aurra offer competitive spread and commission structure for all digital currency CFDs. Spread and commission charge for digital currencies vary for different account types.

• What trading platforms can I trade digital currencies with?

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  You can trade digital currencies with Aurra via MetaTrader 5 and Aurra App.

• How can I start trading digital currencies on Aurra Markets?

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  You can start trading digital cruptocurrencies CFDs (Contracts for Difference) by following these three steps:
  

  • Open an Account: Register for an Aurra Markets trading account and complete our quick verification process.
    
  • Fund Your Wallet: Deposit your initial capital using our secure payment gateways. Since you are trading CFDs, you can use leverage to gain larger market exposure with a smaller initial deposit.
    
  • Choose Your Asset: Access our MetaTrader platforms to trade the price movements of popular digital assets like Bitcoin and Ethereum against major fiat currencies.

• What are the benefits of trading digital currencies via CFDs?

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  CFD trading allows you to speculate on digital currency price movements without owning the underlying asset. This offers flexibility to trade rising or falling markets, access to leverage and the ability to manage risk with stop-loss and take-profit orders.

• How does trading digital currencies CFDs different from owning actual cryptocurrencies?

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  When you trade digital currencies on Aurra Markets, you are speculating on the price change rather than owning the "physical" coin.
  

  • No wallet needed: You don't need a complex digital wallet or private keys; your positions are managed directly within your trading platform.
    
  • Profit in any direction: Because you are trading a contract, you can go Long (buy) if you think the price will rise or Short (sell) if you believe the price will fall.
    
  • Leveraged exposure: Trade with more than your account balance to amplify potential returns.

• What tools does Aurra Markets provide for digital cryptocurrency trading?

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  We provide high-performance platform (MT5) equipped with real-time data feeds, advanced charting tools and automated risk management features like Stop Loss and Take Profit. These tools help you navigate the high volatility of the digital currency markets with precision.

• What leverage is available for digital cryptocurrency trading?

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  Leverage varies depending on the cryptocurrency and account type, allowing traders to increase market exposure with a smaller capital outlay. Aurra Markets clearly displays margin requirements for each instrument to help manage risk.

• How can I manage risks when trading digital currencies?

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  Risk management strategies include using stop-loss and take-profit orders, diversifying across multiple cryptocurrencies, managing position sizes and staying updated with market news. Proper planning is essential due to the high volatility of crypto markets.

• Are there any restrictions on trading cryptocurrencies for beginners?

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  While cryptocurrency trading is accessible to beginners, understanding market volatility, leverage and CFD trading mechanics is crucial. Aurra Markets provides educational resources and demo accounts to help new traders gain confidence before trading live.

• Can I trade both major and emerging cryptocurrencies on Aurra Markets?

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  Yes, Aurra Markets offers a wide selection of digital currency CFDs including major assets like Bitcoin, Ethereum and EOS. This variety allows traders to diversify their portfolios and capitalise on different price movements across the digital market. Because these are traded as CFDs, you can speculate on whether the value of these coins will rise or fall without the need to manage a private digital wallet.

• Why choose Aurra Markets for cryptocurrency trading?

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  Aurra Markets provides competitive spreads, secure platforms, real-time data and access to multiple cryptocurrencies with leverage. Combined with educational support and professional analysis, it’s an ideal choice for traders looking to engage in digital asset markets confidently.

• Do I need a digital wallet to store my assets?

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  No. One of the main benefits of trading CFDs is that you do not need a digital wallet. Since you are speculating on price movements rather than owning the coins themselves, there is no need to manage private keys or worry about the security of a physical storage device. Your balance is held securely within your trading account in your base currency.