What is Cryptocurrency?
Bitcoin has been a real success story in trading. Ever since it first arrived it has been traded heavily. Its price has risen massively too. While much of the trading in Bitcoin happens on specialist exchanges, online brokers allow traders to speculate on price movements of the crypto assets, rather than having to buy the underlying asset, which as we all know can be risky.
Cryptos are volatile and expensive to purchase which is why this crypto trading market has developed to become a success story. When we want to choose Bitcoin brokers to work with we must look in particular at a few factors. One of these is the security and transparency of the broker, ideally the broker will be regulated. We also look at efficient customer support, cutting edge technology and features such as narrower spreads. Our in house research team have conducted in depth work in looking at the user experience of each Bitcoin broker.
The brokers you see on the list below can all be considered some of the leading brokers in their field. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you money. Give it a try with some play money before using your own cash. Foundation Year : A social trading platform to copy other traders and self trading platform to trade alone across cryptocurrencies, stocks, ETFs, currencies, indices and commodities. A good selection of cryptocurrencies pushes this pioneering broker into our top list of recommended brokers.
Headquarters : Ariadnis 7, Moutayiaka, Limassol. The broker also offers a wide range of trading webinars and tutorials on how to use their platform. This company was established in and is now present in many regions. The broker gives traders access to both the MT4 and MT5 platforms. The Head Office is located in Sydney, Australia. The brand has won multiple industry awards in areas like; customer service, trader education and trade execution. Vincent and the Grenadines. The services and features offered by OctaFX are designed for both beginner and professional traders, with access to Micro, Pro and ECN accounts, as well as the OctaFX Copy Trading programme and an impressive range of education and trading research tools including AutoChartist.
With the price of Bitcoin exceeding the price of gold, more and more people are getting intrigued by the possibility of making a windfall on trading this virtual currency. Unfortunately due to the high price of Bitcoin, only wealthy investors are able to afford this type of trading. The alternative for the average investor is to trade Bitcoin using futures. However with Bitcoin futures trading, the investor is essentially entering into an agreement to purchase a specific amount of Bitcoin at a future date, at a specific price.
When the futures contract matures, the investor will be required to take physical delivery of the Bitcoin. However, the trend for most futures investors is to sell their contracts before the due date in order to avoid physical delivery. With CFD trading, the investor merely speculates on the differences in prices as opposed to having to physically deal with the delivery of Bitcoin when the contract matures. In other words, CFDs allow investors to tap into the price movements of Bitcoin without the hassles and cost of having to deal with the physical asset.
Other benefits of trading with Bitcoin CFDs include:. Another method of trading Bitcoin is through Binary Options. Here the trader will speculate on whether the price of the Bitcoin will go up or down by a set expiry time.
If the user thinks that the price of Bitcoin will go up by the end of the option he will press PUT on his platform. Conversely if the user thinks the price will go down, he will place a CALL option. So here are all the factors that you need to consider before choosing Bitcoin as a payment method:. Bitcoin is a form of digital currency or cryptocurrency that was invented in by an individual or a group of individuals that used the pseudonym Satoshi Nakamoto. Bitcoin uses a peer to peer system based on the blockchain technology.
Transactions between Bitcoin users are done directly without the involvement of an intermediary such as a bank or the Federal Reserve. These transactions are then verified and recorded on a public ledger. The foundation of the Bitcoin cryptocurrency is the blockchain public ledger. This ledger records all the transactions that occur within the Bitcoin ecosystem and is distributed publicly. The ledger is maintained by a network of nodes running the Bitcoin software. The new broadcasted transactions are then grouped into a block with each block containing a cryptographic hash of the block before it and thus linking the new block with the previous block.
Since Bitcoin is a digital currency with no physical form, users of Bitcoin will require a wallet to store all the information that is required to transact Bitcoin. A more accurate description of a Bitcoin wallet would be a place where users of Bitcoin can store their Bitcoin holdings.
They hold the cryptographic keys which allow users to access and spend the Bitcoins which they own.
Bitcoin wallets can be divided into 2 main types, software wallets and online wallets provided by third party services providers. There are two ways to go about buying bitcoins online namely through exchanges and online wallets.
The bulk of exchanges and online wallets have a store of bitcoins which they will sell to interested parties. However it should be noted that most online wallets have limited buying and selling capabilities unlike full-blown exchanges which have the capability to cater to institutional traders. If your intention is to trade bitcoins regularly and as a speculator, your best option would be through the exchanges.
While Bitcoin transactions offer users the benefit of anonymity, setting up a trading account for bitcoins will still require you to register for the account as well as providing detailed contact info. In order for you to be able to deal in Bitcoin, you must first have a Bitcoin wallet. These online wallets come with varying levels of security depending on the purpose they are intended for. Some wallets act like an everyday traditional wallet where you can store bitcoins for regular purchases.
Some wallets on the other hand act like a vault and come with high level security. Once you have acquired a Bitcoin wallet, the next step would be for you to link your Bitcoin wallet to your bank account. Although Bitcoin offers its users a cheap way of transferring funds with total anonymity, it is still not widely accepted by the traditional banking sector due to the legal uncertainties surrounding Bitcoin.
Because of the reluctance of the banking system to deal in Bitcoin transactions, payment options for Bitcoin purchases are rather limited.
Hence when checking out the various exchanges and online wallets that deal with Bitcoin transactions, it is important to look at the payment options that they offer as well as well as the countries which the services are supported by.
Some online wallets, to help facilitate and simplify Bitcoin transactions have provided their clients with a Bitcoin trading app with they can download and install onto their smartphones. Despite the fact that credit cards and Paypal are widely accepted methods of paying goods and services, this is not the same case for bitcoins purchases.
Given the fact that it is often difficult to prove bitcoins have actually changed hands, most exchanges and private sellers of bitcoins are reluctant to accept credit cards or Paypal payments. Nevertheless for some countries, some Bitcoin wallets are beginning to expand their payment methods to cover credit cards and Paypal. When it comes to trying to find the best Bitcoin trading sites, it is often difficult to do so due to the fact that most of these sites are relatively new.
Nevertheless, a good starting point will be to see how secure the website is. In other words, are the transactions carried out the in a transparent manner with high customer satisfactions?
Apart from security, look at the range of offering that available. For example, does the exchange offer trading in other major currencies apart from the U.
S dollar? Normally, the more established Bitcoin trading sites also accepts fiat currencies as well as alternative cryptocurrencies. If you are new to Bitcoin trading, below is a list of some of the most popular Bitcoin exchanges. As we saw earlier, there are several options for you to participate in Bitcoin trading. Nevertheless due to the legal uncertainties surrounding Bitcoin trading as well as the limited payment options which are available for bitcoins purchases, a better way to get involved with Bitcoin trading would be through either CFD trading through a forex platform or binary options.
It should be remembered that Bitcoin prices are highly volatile and this makes it a poor storehouse of wealth. With Bitcoin CFD trading, you will have several advantages over trading with the physical asset itself. By trading bitcoins with CFDs through forex brokers, you will be able to monitor your bitcoins investment efficiently with just one platform.
Forex brokers often offer leverage trading facilities on CFDs trading. This means you can maximize your limited investment by just putting down a small amount of capital and still enjoy the profitability of a much larger trade value. Most forex brokers offer their clients bitcoins trading on familiar trading such as the MetaTrader 4 and the Sirix powered WebTrader. These platforms are popular among forex traders and do not require traders to familiarize themselves with an unknown platform and its functionalities just for the purpose of trading bitcoins.
The beauty of binary options for many people is its simplicity. Traders and non traders alike will be able to learn how to buy an option within a couple of minutes literally.
Below we have compiled a list of some of the best brokers that offer Bitcoin trading. They are considered safe and secure, reliable and technologically advanced. Plus their customer support is helpful and fast. Coins Pairs Exchanges Wallets. Trading tools Stock Exchanges. Advertising Disclosure Advertising Disclosure. This page may not include all available products, all companies or all services.
Kate Leaman. At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. The brokers below represent the best Bitcoin trading features. Scroll for more details. MT4, MT5.
Last Updated on December 10, With so many platforms to choose from, how do you go about finding the best forex brokers? What should you look for when choosing a FX brokerage service? Read our guide to find out the best forex brokers for It is important to note that this trading scene is not just reserved for institutional investors. On the contrary, the forex investment space is utilized by traders of all sizes. Keep in mind that the platforms we are referring to in this guide are not bitcoin robots such as Bitcoin Revolution and Bitcoin Traderbut actual brokers.
Bitcoin trading, How to trade Bitcoin (BTC)?
The pioneer of Social Trading is now offering an exclusive opportunity for investors who want exposure to the most popular cryptocurrencies like Bitcoin, Dash, Ethereum and more. Pepperstone has won numerous industry awards for innovation and excellence in CFD Brokerage. Pepperstone is an Australian-based online ECN forex broker with some of the industries lowest spreads. One of the foremost cryptocurrencies out there is Bitcoin, which was founded several years ago and has really taken off. Below, we discuss the basic things to know about Bitcoin, including how to find the best Bitcoin trading platform, how to use a Bitcoin broker or exchange, as well as how to buy Bitcoin with PayPal. Bitcoin is a virtual online currency. Everyone can buy or sell bitcoins on the networks.
Best 8 Cryptocurrency brokers 2018 for trading Bitcoin, Ethereum, Litecoin & More
Bitcoin features worth knowing before investing with Forex brokers
Indicative prices; current market price is shown on the eToro trading platform. However it should be noted that most online wallets have limited buying lalow selling capabilities unlike full-blown exchanges which have the capability to cater to institutional traders. Customer support: Many traders need assistance throughout their trading process, but not every bitcoin broker offers reliable support and fast response times. South Africa. In other words, CFDs allow investors to tap into the price movements of Bitcoin without the hassles and cost of having to deal with the physical asset. The supply of cryptocurrencies are limited, as it cannot bro,ers created arbitrarily and will have to be mined by digital means. Kate Leaman. Four forex brokers in our Review offer the underlying, while the majority offer crypto as a CFD, and a few offer accessibility via other means, such as exchange-traded products or futures contracts. Read more about their great http://trackmyurl.biz/cryptocurrency-exchange-costs-7987.html. Poloniex currently has 58 coins available to trade, 49 of which are available in the US. Founded in by the Winklevoss twins, Gemini is a licensed digital asset exchange and custodian built for both individuals and institutions.