A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Cryptocurrencies are decentralised, and are not subject to oversight by governments and central banks. Instead, cryptocurrencies operate using distributed ledger technology known as a blockchain. The absence of government intervention means that there is no manipulation of the currencies’ value through monetary policy.
A leveraged cryptocurrency trade allows you to speculate on the future change in value of specific cryptocurrencies without having to own the cryptocurrency. Leveraged cryptocurrencies allow you to avoid the security risks associated with trading on an exchange. They also offer the chance to profit in rising and falling markets and the potential for higher rewards.