Cryptocurrencies on Deriv Explained
Cryptocurrencies are digital assets, and their prices move around the clock. On Deriv Trader you can trade BTC/USD and ETH/USD price moves with Multipliers, without holding the coins.
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Owning versus trading price moves
Deriv's glossary describes cryptocurrencies as digital assets that can be bought and sold on cryptocurrency exchanges. You can buy and hold coins in a wallet, or speculate on prices without owning them. Trading price moves through Deriv does not need a wallet.
| Coin | What it is |
|---|---|
| Bitcoin (BTC) | The first and most valuable cryptocurrency, often seen as digital gold |
| Ethereum (ETH) | Supports smart contracts and decentralised applications |
Examples of coins.
What Deriv offers
Deriv Trader lists BTC/USD and ETH/USD, offered with Multipliers rather than fixed-payout options. A Multiplier trades with leverage: it amplifies gains from market moves, with losses limited to your stake. At 5x, for example, profit or loss moves five times faster than the market. See Deriv's Contract types for how the other contracts work.
Leverage cuts both ways
Multipliers amplify losses as well as gains. Set a stop loss and take profit and practise on a demo account first.
What makes crypto different
- It never closes. The crypto market operates 24 hours a day, every day.
- It is volatile. Big swings create opportunities and also raise the chance of losses.
- Sentiment and regulation matter. Prices respond to market sentiment, regulation and technology developments.
Before you automate
- Because it never closes, an unattended assistant can keep trading, so use a stop loss and take profit.
- Assistants run in your browser session, so keep the tab open while an assistant is trading.
- Compare crypto with other markets in multichart.
- Start with a demo account.
Practise on a Deriv demo account before you use real money.
Get StartedFrequently asked questions
- Do I need a crypto wallet?
- No. Trading price moves on Deriv does not require a wallet.
- Which cryptocurrencies can I trade?
- Deriv Trader lists BTC/USD and ETH/USD, offered with Multipliers. Check the app for the current list.
- Is crypto open at weekends?
- Yes. The crypto market operates all day, every day.
Keep reading
- ForexForex is the exchange of one currency for another. You trade a currency pair, predicting whether one currency will rise or fall against the other.
- Stock indicesA stock index tracks the performance of a group of companies. Trading an index lets you predict how a whole market or sector moves, without owning shares.
- CommoditiesCommodities are basic raw materials such as gold and oil. On Deriv you predict how their prices move, without ever owning the physical goods.
Sources
Risk warning: Trading binary options involves a high level of risk and you could lose your entire stake. Only trade with money you can afford to lose. This page is educational and is not financial advice.