Are you new to the world of crypto trading? Or maybe want to see the best Bitcoin broker? Before you select a trading company view the below Bitcoin Brokers
For those of you who don’t know, Bitcoins are digital coins that can be sent through the internet. As the first decentralized currency, Bitcoin is available in 21 million units (a finite number) and according to research, is predicted to last until the year 2140.
The value of Bitcoin is constantly up and down, which makes it profitable to invest in and earn money over time. Thanks to technical analysis, reviews and following of the latest news, you can pick a Bitcoin broker and buy Bitcoin from an exchange - in exchange for your dollars, Euros or any other currencies.
Bitcoin has made a name for itself as a desirable asset to trade. It reached a value upwards of $20,000 in January 2018 which was the all-time high of the most dominant cryptocurrency. Trading Bitcoin (BTC), however, is something that comes with a lot of specific issues. Below, we are describing them briefly - welcoming you to the world of Bitcoin brokers and BTC trading.
In simple words, Bitcoin is a distributed peer-to-peer digital currency which can be transferred instantly and securely between any two parties, regardless of their whereabouts.
Bitcoin (BTC) also uses public-key cryptography as well as a proof-of-work (PoW) algorithm which lets it process and verifies payments. However, Bitcoin is not the only existing cryptocurrency - other cryptocurrencies include Ethereum, Litecoin, Monero, Zcash and so forth - all known as altcoins.
Even though trading Bitcoin comes with many ups and downs mostly because of its high volatility, according to many investors, the risk is worth taking. Online trading has become incredibly accessible and it is worth pointing its benefits and drawbacks.
A Bitcoin broker is essentially an online place where you can trade Bitcoin. The great thing about it is the fact that you can diversify your portfolio, make most of the popularity and enter in Bitcoin trading during a period where many institutions and big traders are going in.
Nowadays, every exchange has different rules and features. If you are into trading cryptocurrencies, you should definitely check out the best Bitcoin broker reviews and cryptocurrency exchange guides.
On this page, we are reviewing all the popular Bitcoin brokers and listing everything about them - from the payment methods that they accept to the fees, privacy, limits liquidity, speed of transactions, reputation, customer support and many other features.
You can do that by visiting any of the Bitcoin broker sites listed below. In short, you can buy and sell Bitcoin with debit or credit cards as well as payment processors (PayPal, Skrill etc.). Choosing the best Bitcoin broker is a tough decision but mainly boils down to the location, trading fees, order book volume, transparency, deposit and withdrawal limits, security and customer support.
Once you see our Bitcoin broker reviews and comments on every specific broker, you will know which one to choose as your most trusted Bitcoin broker.
CMC Markets at first look seems like a reliable platform. However, clients complained multiple times of the broker being a scam after they lost funds and couldn’t withdraw them later.
Globtrex is a commission-free platform which offers its clients three account types with a leverage up to 1:200. There are micro lots available for trade and a fixed spread on demo accounts. However, the users find it difficult to find any further information on the platform’s website on the different account type.
Globtrex is a commission-free platform which offers its clients three account types with a leverage up to 1:200. There are micro lots available for trade and a fixed spread on demo accounts. However, the users find it difficult to find any further information on the platform’s website on the different account type.
FXORO is a broker that offers multiple account types so the clients can choose between the fixed and floating spread. Users find it difficult to choose and very confusing. The account types are all commission-free except the ECN one.
PimeXBT is a bitcoin-based online broker that reportedly offers leveraged trading for many cryptocurrencies including Ethereum, Litecoin, and Bitcoin. The website is owned and operated by the PrimeXBT trading services which many people complained about
FXCM was founded in 1999 and it began as the pioneer for online forex offerings for retail traders. The company has its headquarters in London and later grew to have many international offices. However, the popularity slowly began to fade away as the broker could not keep up with the developments on the market
Capital.com offers CFDs trading of a few assets including commodities, indices, stocks, and cryptocurrencies. It provides several account types with different spreads and leverages up to 1:30. You can also trade here in micro lots. However, users are still not opting for this broker. Why do the traders consider this broker as a potential scam?
OctaFX was formed in 2011 and it was registered at first in Saint Vincent and the Grenadines. However, users found it weird that the main operations were run from Jakarta. It did get a lot of support from users in Asia but many believed that it was a scam since there weren’t too many information about this broker.
SmartHubFX is known as one of the offshore brokers operating in the Forex and crypto markets. The main problem with the company is the lack of reliability that it has along with the offshore registration – and the lack of clarity which makes it a potentially scam broker.
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