Spot versus Margin
Brokers like Bitstamp, Coinbase are spot exchanges.
Meaning you can only buy and sell - different from long and short.
Long and short allow to bet on the future price action to go respectively up and down.
A Sell spot order is used to close a Buy spot order.
We can only bet on the upwards move and take profit using a spot exchange.
With a Spot broker, you'll own the crypto assets.
With a Margin broker, you'll only bet on the direction of the price action of the underlying crypto assets - but you won't own them.
Those are derivatives products and can often be traded through CFDs, options, futures etc
Our recommendation
Our frameworks give Long and Short signals.
Then, for your trading we recommend using a margin Crypto exchange.
For your investing strategy, you may use brokers like Bitstamp, Coinbase etc and then store your Bitcoins in a hard wallet like Ledger, Bitcoin.core, ...
Using a hard wallet is strongly recommended to store your crypto assets
Crypto brokers often get hacked and they rarely refund their customers
What about a CFD broker like FXCM?
They do offer crypto trading using CFDs - and that's very interesting.
But, you must know a few facts before:
FXCM crypto assets don't quote during the weekends (unlike the other crypto spot and margin brokers)
FXCM crypto spread is usually higher compared to brokers like Binance, Bitmex, etc..
Broker data feed used for our signals
We made our system based on Binance (BTCUSDT, ETHUSDT, ETHBTC, ...), Bitmex perpetual contracts (XBTUSD, ETHUSD, ...), and Bybit perpetual contracts (BTCUSD, ETHUSD, ...)
Works with Bitcoin, and ALTS/BTC and ALTS/USDT and ALTS/ETH pairing
Binance, Bitmex, Bybit have good volume and liquidity and is one of the most known cryptocurrencies brokers out there
