The concept of Bitcoin was originally proposed by Satoshi Nakamoto in 2009. According to Satoshi Nakamoto's ideas, it was designed and released as open source software and built a peer-to-peer network on it. Bitcoin is a peer-to-peer digital currency. Point-to-point transmission means a decentralized payment system.

Bitcoins can be cashed out and exchanged for most national currencies. Users can use bitcoins to buy some virtual items, such as clothes, hats, equipment, etc., in online games. As long as someone accepts them, they can also use bitcoins to buy real-life items.

ETH is a digital token of Ethereum, which is regarded as "Bitcoin 2.0" and adopts the blockchain technology of Ethereum," which is different from Bitcoin. Developers need to pay Ethereum (ETH) to support the operation of the application. Like other digital currencies, it can be bought and sold on trading platforms.

In March 2017, the Enterprise Ethereum Alliance (EEA) was established, and its members include JPMorgan Chase, Microsoft, Intel, etc.

Litecoin (LTC) is a network currency based on "peer-to-peer" technology and an open-source software project under the MIT/X11 license. It helps users make instant payments to anyone in the world.

Litecoin is inspired by Bitcoin (BTC) and has the same technical realization principle. The creation and transfer of Litecoin are based on an open-source encryption protocol that is not managed by any central authority. Compared with Litecoin, which aims to improve Bitcoin, Litecoin has three significant differences.

First, the Litecoin network can process one block every 2.5 minutes (rather than 10 minutes), thus providing faster transaction confirmation.

Second, the Litecoin network is expected to produce 84 million Litecoins, which is four times the amount of currency issued by the Bitcoin network.

Third, The person or the group who created Litecoin used the scrypt encryption algorithm first proposed by Colin Percival in Litecoin's workload proof algorithm, which makes it easier to mine Litecoin on ordinary computers compared to Bitcoin. Each Litecoin is divided into 100,000,000 smaller units, defined by eight decimal places.

Leverage up to 10 times

Use leverage to enlarge the investment amount, and the leverage of different products is also different. At present, the highest leverage of virtual currency is 10 times. Example: Invest $1,000 to trade $10,000. Risk management is very important when trading virtual currencies. The high use of leverage will bring huge benefits and also have the opportunity to cause huge losses.

Two-way transaction

Virtual currency can be bought up or down; no matter whether it goes up or down, as long as you choose the right direction, you can make a profit.

Low-cost transaction

Virtual currency traders basically do not charge any transaction fees and only profit from the spread. The point difference provided by TREX trade is at the lowest level in the industry, among which Litecoin is as low as 1.5 points, and Ethereum is as low as 6 points. For specific charges, please click here.

Initial margin

Initial Margin refers to the amount of money required to be paid by a trader when placing an order.

Day trade margin and weekend margin

Day Trade Margin refers to the margin amount the customer must have during the trading hours. If they do not, they will be required to offset the position.

Weekend Margin refers to the margin amount the customer must have to carry the position overnight. If they do not, they will be required to offset the position.

Spread

A spread refers to the difference between the bid and ask prices. For traders, the smaller the spread, the lower the cost of trading.

In the long run, the spread can greatly affect the general profits or losses of day traders but have little impact on those of mid- and long-term traders.

There are two prices for Commodity: The buy price is called "BID", and the sell price is called "ASK". A spread refers to the difference between the bid and ask prices.

The calculation mode is provided as follows:

Gross profit or loss = (ASK-Bid) × contract unit × traded lots + overnight interest (if any) - commission (if any).