We found 11 online brokers that are appropriate for Trading Trading Decred.
Trading Decred also known as DCR is one of the newest cryptocurrencies in the industry and has been created by some of the best crypto developers, who previously worked on Bitcoin.
Launched in 2016, the currency uses a combination of Proof of Stake (PoS) and Proof of Work (PoW) to avoid any one organisation to dominate the crypto network.
Jake Yocom-Piatt, the CEO of a company named 0 (Zero), founded the currency, which first started trading on 10 Feb 2016.
Prior to the first trading day the pre-mine supply of Decred was 8% of the total. Half of it was held by Piatt's company to compensate the developers while the remaining was airdropped to new users for free.
Initially the project was funded by the developers themselves instead of relying on an ICO. The coins then had a value of $0.49.
Some of the developers who designed Bitcoin were part of the team in the making of Decred. Company O was in fact founded by these developers who were frustrated with working at Bitcoin. The team was led by Alex Jacob-Pitt.
The aim of this segregated team was to develop a truly decentralized cryptocurrency, someting that was not found in Bitcoin. They argued the new coin should not be dominated either by developers or by the mining interests. They said Decred should be as democratic as possible.
Decred is created by its community and the same decentralized way like other cryptocurrencies but with some difference. Bitcoin uses PoW method for primary token creation while Decred uses a combination of PoK and PoS.
Users who mine the coin gets about 30 DCR as a reward to encourage others to further process the block using their computer power or lock the coin to obtain tickets.
The share of reward is as below:
The development fund is set aside as a reserve fund to help to compensate developers in the future for any project requirements.
All the cryptocurrencies are basically governed by similar rules even though they differ in their unique features. Hence, the currency pricing too follows the same pattern mostly, but in 2018 the price of DCR jumped several folds after getting the attention of media.
It is witnessed the cryptocurrencies gain popularity with an additional crowd of new users if direct media or social media gives attention.
At the time of focused media attention, trading Decred becomes volatile. Many brave investors sell off their stocks at peak prices and later buy back when the price drops. The approach is risky but gains can be higher than expected.
The price of Decred is practically unpredictable as the volatility in the short term is very high. In the long run trading, Decred could be profitable as its demand will continue to rise as more investors take entries.
Decred has not yet achieved mainstream attention like Bitcoin, Litecoin and Ethereum, but it is hoped the future will be prospective.
We've collected thousands of datapoints and written a guide to help you find the best Trading Decred for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best trading decred below.
There are a number of important factors to consider when picking an online Trading Decred trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Trading Decred.
Compare Trading Decred min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are trading decred. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more trading decred that accept trading decred clients
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IC Markets
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AvaTrade
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XTB
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Pepperstone
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FP Markets
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Trading212
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NordFX
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Plus500
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EasyMarkets
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FXPro
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SpreadEx
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 100 | No minimum deposit | 200 | 100 | 1 | 1 | 100 | 100 | 100 | 1 |
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Used By | 180,000+ | 300,000+ | 250,000+ | 89,000+ | 10,000+ | 15,000,000+ | 10,000+ | 15,500+ | 142,500+ | 1,866,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with avatrade |
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Up with xtb |
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Up with pepperstone |
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Up with fpmarkets |
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Up with trading212 |
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Up with nordfx |
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Up with plus500 |
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Up with easymarkets |
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Up with fxpro |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
AvaTrade Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
NordFX Demo |
Plus500 Demo |
easyMarkets Demo |
FxPro Demo |
SpreadEx Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | US, CA, EU, RU, SY, KP, CU | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR | US, TR |
You can compare Trading Decred ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Trading Decred for 2022 article further below. You can see it now by clicking here
We have listed top Trading decred below.