A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Decentralized cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is defined when the system is created and which is publicly known. In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it. The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.
As of September 2017, over a thousand cryptocurrency specifications exist; most are similar to and derived from the first fully implemented decentralized cryptocurrency, bitcoin. Within cryptocurrency systems the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners: members of the general public using their computers to help validate and timestamp transactions, adding them to the ledger in accordance with a particular timestamping scheme. Miners have a financial incentive to maintain the security of a cryptocurrency ledger.
Quick View - Other Famous Cryptocurrencies
Alongside Bitcoin, we have included LiteCoin, Ethereum and Ripple in our MetaTrader 4 trading terminal. Now you can trade in the second most popular digital currency in the world at Rexor MT4 trading paltform.
Litecoin
- ZERO Commission
- ZERO Fees
- LOW Margin Requirements
- Available in MetaTrader 4
- Minimum Lot Size 0.01
- Read More
Ethereum
- ZERO Commission
- ZERO Fees
- LOW Margin Requirements
- Available in MetaTrader 4
- Minimum Lot Size 0.01
- Read More
Ripple
- ZERO Commission
- ZERO Fees
- LOW Margin Requirements
- Available in MetaTrader 4
- Minimum Lot Size 0.01
- Read More
If you have any questions regarding our trading accounts or would like to discuss opening an account with someone from our customer support team, please contact us directly via email, live chat, or by telephone on +1-6466550683.
NOTE: Custom Accounts can be offered in some cases. For further details contact your Account Manager
There is no limit on number of accounts but a client can get a total of maximum US $3,000 as bonus amount.
