SimpleFX app makes it easy to invest with cryptocurrencies
September was a roller coaster ride for crypto investors.
If you own Bitcoin, it first gained 12% as the coin rallied to $52,837 in just the first six days of the month, only to drop -11% approaching the $42k support on Tuesday, September 6. It is not fun for those who have just entered the cryptocurrency market.
While these price movements can be painful for inexperienced cryptocurrency investors, veterans know that it is only part of the game. They also know that there is a proven way to handle cryptocurrency sales. All you have to do is reinvest your coins.
With the SimpleFX trading and investing app you can protect your tokens from falling prices without selling any of them. You can open a short position in any of the 15 cryptocurrencies when you feel the market is overbought. You can also invest in stocks, currencies, commodities, gold, silver and more.
All crypto assets do not need to be reinvested. Instead, leverage can be used. SimpleFX allows you to open a position 2x, 5x, 100x or even 500x larger than the deposit. If you have $10,000 worth of BTC, that’s enough to reinvest just $1,000 or even $500 to stay safe and “bear market proof.”
This also works during a bull market. A portion of the cryptocurrencies can be invested with SimpleFX . They support more than 20 tokens and 30 fiat currencies. If you own Ether , you can use exclusive Stake&Trade accounts . You earn up to 8.55% APR on your ETH 2.0 deposits and still use the locked tokens to trade.
SimpleFX trading accounts work worldwide. There are no minimum deposits and you can now send and receive Bitcoins with no fees, as SimpleFX supports the Lightning Network, a second-tier solution that allows instant transactions with fees as low as $0.05. It’s easy, in fact, people in El Salvador are already paying in bars and groceries with bitcoins through the Lightning Network.
More information
SimpleFX is a renowned trading app that has been on the market since 2014. It was one of the first brokers to offer cryptocurrency accounts. You can sign up for Bitcoin, Ethereum, BinanceCoin accounts with just an email.
SimpleFX ‘s goal is to provide the easiest way to trade globally. SimpleFX is mobile-first, but you can use the same app on all devices. Trade with SimpleFX WebTrader , the native iOS, Android or Huawei app or MetaTrader4.