Unlike traditional currencies which are issued by a government or central banking authority, and which have physical paper or coins, cryptocurrencies are entirely digital or virtual. Like traditional currencies, cryptocurrency can be exchanged for other currencies, services, or for the value of a physical item. They can be used as payment and exchanged for goods and services.
Please note: Axi does not currently offer crypto asset trading services, including digital wallets. All cryptocurrency trading is done as CFDs through the MT4 trading platform.
With Axi you can trade a wide range of cryptocurrencies. These are traded as cryptocurrency CFDs (Contract for Difference).
Examples of cryptocurrencies available to trade include Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. The complete list of cryptocurrencies available for trading can be found in our Product Schedule.
You can also find a list of the most popular cryptocurrency CFDs to trade, including live pricing, spreads, and calculator tools on our website.
A Bitcoin wallet is the equivalent of a traditional bank account, allowing you to transact with other Bitcoin users. There are various Bitcoin wallets available in the market, with each one allowing the wallet owner to store, send, and receive Bitcoins.
With an Axi trading account, you do not need a digital wallet to trade cryptocurrencies. Instead, you simply use the world-leading MT4 trading platform to open and close trades.
The minimum lot size varies for different cryptocurrencies. For more detailed information please refer to our Product Schedule.