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A cryptocurrency 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 a type of digital currencies, alternative currencies and virtual currencies. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger.
At Tradealot we offer traders the possibility to trade the 3 most popular cryptocurrencies.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee. The Litecoin network went live on October 13, 2011. It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. This accounts for about 13 percent of the total circulating supply.
At Tradealot it's all about you and your goals, we are just here to offer you one of the best tools available, so you can fully focus yourself on your trading plan. Our trading environment is designed to provide traders with real competitive and executable streaming of CFD prices such as Forex and Cryptocurrencies.
Straight through processing
Tradealot brings you real, dealable market prices sourced by our principle execution venue and liquidity provider and delivered directly to you. We transmit your trades to our principle execution venue for immediate execution of your trades via an STP business model (Straight Through Processing).
Barclays UK depository Bank
Tradealot is a trading name of AFX Markets Ltd which is authorised and regulated by the Financial Conduct Authority. We consider your deposits as ‘Client Money’ in accordance with the FCA’s Client Money rules and we segregate Client Money in segregated bank accounts. Our Segregated Client Accounts are held with Barclays Bank UK.
Member of FSCS
Tradealot is a trading name of AFX Markets Ltd which is a member of Financial Services Compensation Scheme (FSCS) in the UK. This means if AFX Markets Ltd. (Tradealot) enters into default and cannot pay its customers’ claims against it, customers can claim their deposits up to a maximum of £50,000 per customer from the FSCS.
Extremely low commissions
Take advantage of some of the lowest Forex and Crypto trading costs ever with Tradealot.
FCA regulated broker
Tradealot is a trading name of AFX Markets Ltd. which is authorised and regulated by the UK’s Financial Conduct Authority (FCA) under registration number 560872.