Bitcoin Forex brokers started accepting BTC as a valid form of payment back in and have also enabled traders to trade bitcoins against other currencies such as the Euro and the US Dollar. The concept of bitcoins is relatively new, and there are only a few Forex brokers . 16 rows · Dec 03, · Best Forex Broker That Offers Bitcoin Trading – How to Choose One. . 33 rows · Bitcoin has been under the spotlight for some time and finally some brokers have started to accept BTC as a valid payment method. However, the base currency of a trading account will not be in BTC, so a conversion to USD or another broker supported currency will have to happen, and when withdrawing it there is a huge change of fluctuation.
Forex broker accept bitcoin depositTop 15 Best Forex Brokers That Offer Bitcoin (BTC/USD) Trading
These are two of the most efficient and transparent in the entire industry. Thus, LiteForex is able to accommodate for the rather fluid currencies market. Payment options include Bitcoins, wire transfers, Skrill, credit cards and OKPay to name only a handful. Allows Bitcoin trading Accepts Bitcoin deposits. This portal offers gold and silver, CFDs and Forex pairs as trading instruments. LiteForex is also known for its rather large leverage ceilings; up to are available for all instruments.
Therefore, this system can be seen as one of the most lucrative in the industry. Other benefits are mobile and automated trading, pending orders, trailing stops and hedging. A minimum deposit of only one dollar is required to open an account. Liteforex can therefore be considered a very useful tool for those who are just entering into the marketplace and do not have substantial funds to risk.
Like LiteForex, this site is open to clients who are based out of the United States. Although it has only been active since , this portal has already built quite a respected name for itself. There are several defining features which have allowed such fame.
First, Forex pairs and precious metals can be traded. With high leverages for both, clients may indeed enjoy tidy sums of money. The MetaTrader 4 platform is used as well. Another key benefit is that five-digit accuracy is offered as opposed to the standard four decimal places which other firms tend to provide.
Automated and one-click trades can be placed and as with many other brokers, a mobile-friendly platform is another option for those who are away from their desks. FXChoice has offices in Belize and has been in constant operation since Significantly, traders from the United States are welcome. Despite the fact that your bet on British pounds earned you an This hypothetical example illustrates the big reason to exercise caution when using digital currencies for forex trading.
Even the most popular and widely used cryptocurrency, the bitcoin, is highly volatile compared to most traditional currencies.
This unpredictability means that the risks associated with trading forex using bitcoin are that much greater. But the tradeoff is essentially adding a third currency to what was a trading pair. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Bitcoin Basics. Bitcoin Mining. How to Store Bitcoin. Bitcoin Exchanges. Bitcoin Advantages and Disadvantages. Bitcoin vs. Other Cryptocurrencies. Bitcoin Value and Price. The Bitcoin electronic currency is unique in that they can be transferred immediately online without involvement of any third party such as a bank.
All Bitcoin transactions are public and traceable. Thus it is a very transparent and secure system that governs Bitcoin processing. Nowadays, it is common to find Bitcoins being traded by forex brokers. It is being accepted along with other physical currencies around the world by forex brokers for trading. There are forex brokers that accept Bitcoins for trading as well as other that accept the digital currency for both deposits and withdrawals. Other new digital currencies similar to Bitcoins are Litecoin and Namecoin.
Both these currencies work on the same protocol as the Bitcoins. However, they are not as popular as Bitcoins now. It is important for forex traders to note that the legality of dealing in Bitcoins is different in many countries. Therefore, in the best interests of the trader, it is very important to learn about the legality of the cryptocurrency before starting to use in forex trading. Given below are some reasons for that.
This way, it may be easier for them to deposit and withdraw funds in Bitcoins with a forex broker that offers this facility. Bitcoins also work independent of the centralized payment and banking systems.