Hi, no sb and cfd are the same but for taxation category purposes, the underlying market for both is the cfd market which the IG market tracks. If it was as you say it would beg the question who were you betting against? IG? IG are adamant they don't take the other side of client's bets and if they did and the regulator was to find out IG's long spell as a leading broker could be at an end. So their position is that they match trades in house and any over flow is hedged, so shorts may well turn out to be unborrowable.
If it's your first foray into crypto, just buy bitcoin. Set aside an amount each month you can afford and buy bitcoin. Don't even bother looking at the price. DCA each month, stick it on a Trezor and forget it. Hopefully in a few years you'll have enough to retire. Everyone should have at least 5% of btc in their portfolio imho.
Alternatively, if you're looking to set up a crypto "sh1tcoin" portfolio be prepared to dive in, deep, into research.
Bitcoin, Ethereum, Cardano, Tezos, Monero etc and these don't even touch on DeFi, Security Tokens, Lending, Staking etc.
Have something like this:
40-60% Bitcoin (low risk - for crypto anyway)
30% Ethereum, Cardano, Tezos etc (Large Cap alt coins with medium risk)
15% Higher risk alt coins but higher reward (this is where your research comes in to find legit projects)
5% Small Cap coins, High leverage, full degenerate margin trading. Huge reward if you win but highly risky and if you lose all that 5% who cares? Your Bitcoin holdings should make up for the loss. But if it goes 10x then holy momma.
p.s IMHO stay away from the likes of Ripple, Tron and Bitcoin SV.
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