SDS Financial Services
CryptocurrencyFind out more about this service...
Now you can use your bitcoins as margin to trade well known stocks and IPO’s. There’s no need to convert your bitcoins to a currency to trade. Just deposit bitcoins in your SDS Financial account and you’ll be able to buy securities up to 70% of the value of your bitcoin account balance in stocks and IPO’s.
Bitcoin is probably the most well-known cryptocurrency but they come in many forms which include Ethereum, Ripple, Litecoin and Bitcoin Cash. These are all types of digital or virtual currency collectively known as cryptocurrencies.
However, the more established Bitcoin and other cryptocurrencies become in the future, the more retailers and businesses will be willing to accept it as a legitimate currency.
There’s no physical money attached to a cryptocurrency, so there are no coins or notes, only a digital record of the transaction. This digital record is often referred to as a blockchain.
A blockchain is a historical record of each transaction verified by each computer in the network. The verification is done after every transaction, for example when a cryptocurrency was sold and which account was credited. Each cryptocurrency has its own blockchain.