Best Forex Brokers Accepting Bitcoin 2020
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients
FXTM
Regulated By:CySEC, FCA, FSC
Foundation Year:2011
Headquarters:FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
Min Deposit:$10
90% of retail CFD accounts lose money
HotForex
Regulated By:CySEC, DFSA, FCA, FSA, FSCA
Foundation Year:2010
Headquarters:"Group Headquarters Spirou Kyprianou 50 Irida 3 Tower 10th Floor Larnaca 6057 Cyprus "
Min Deposit:$5
HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
OctaFX
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Regulated By:CySEC
Foundation Year:2011
Headquarters:Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Min Deposit:$5
Your capital is at risk
Best Accepting Bitcoin Brokers Comparison Table
| Broker | Rating | Official Site | Regulations | Min Deposit | Max Leverage | Trading Platforms | Foundation Year | Publicly Traded | Trading Desk Type | Currencies | Commodities | Indices | Stocks | Crypto | Commission on trades | Fixed spreads | offers promotions | Official Site |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Visit Broker> 90% of retail CFD accounts lose money | CySEC, FCA, FSC | $10 | 1:30 | MT4, MT5 | 2011 | No dealing desk | Visit Broker> 90% of retail CFD accounts lose money | |||||||||||
Visit Broker> HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure. | CySEC, DFSA, FCA, FSA, FSCA | $5 | 1:1000 | MT4, MT5 | 2010 | ECN, STP | Visit Broker> HF Markets (SV) Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with the registration number 22747 IBC 2015. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines, 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure. | |||||||||||
Visit Broker> Your capital is at risk | CySEC | $5 | 1:500 | cTrader, MT4, MT5 | 2011 | ECN, STP | Visit Broker> Your capital is at risk |
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How Does Bitcoin Work?
Bitcoin transactions require the use of wallets. All Bitcoin users’ wallets are assigned unique addresses. Transactions are recorded on the Blockchain.
Bitcoin can be transferred from one user’s wallet to another. Therefore, forex brokers who accept Bitcoin will be required to accept deposits by having the trader transfer BTC to their wallet. In the same vein, Bitcoin withdrawals by traders involve the transfer of BTC from the broker’s wallet to the trader’s wallet.
Why Use Bitcoin as Your Deposit/Withdrawal Method?
Bitcoin can serve as a good means of deposits and withdrawal. Mmost brokers that accept Bitcoin for deposits and withdrawal also allow the trader to trade BTC. Bitcoin is presently in limited supply and forex trading of BTC allows traders to get their hands on this cryptocurrency without having to mine it for themselves. Mining BTC is presently very expensive, consumes a lot of power and requires specialized equipment, which most traders do not have. So rather than go mining BTC or trading it on Bitcoin wallets, why not get more of it by trading it on the forex platforms and then withdrawing it to your BTC wallets?
There are Bitcoin exchanges all over the place and people are making money buying and selling Bitcoin. Any extra money you make from your forex broker can be withdrawn and sold for cash. Unlike other digital wallets, the BTC you withdraw from your forex account can increase in value over time and you will make more from selling it when the value increases.
Benefits of Choosing a Broker that Accepts Bitcoin
Here are the benefits of choosing a broker that accepts Bitcoin:
- Bitcoin is one of the most secure non-fiat currency platforms as transactions must undergo a host of confirmatory processes before approval, all done with minutes. The security of this cryptocurrency makes it a favoured means of transaction.
- If your broker accepts Bitcoin and also provides BTC asset for trading (as BTC/USD), you have access to charts and technical tools to know when the price is headed up or down. You know exactly when to trade.
- It is very easy to create a Bitcoin wallet which is used to fund your forex account. Deposit and withdrawal transactions are easy and can be concluded in minutes.
How to Pick a Decent Broker That Accepts Bitcoin
It is very easy to find out forex brokers that accept Bitcoin. These are the ways to go about it:
- Visit the Banking page of the brokers you intend to do business with and check if Bitcoin is one of the accepted payment methods. The same information can be obtained from the Frequently Asked Questions (FAQ) page.
- You may decide to check online to get a list of Bitcoin-accepting forex brokers, then use this list to perform the checks listed in point (a) above.
PayPal Chargeback on Broker Account
Any forex transactions conducted with Bitcoin and transmitted through the Bitcoin network are usually irreversible and final. This is done by design to ensure that those who receive payments with Bitcoin are sure that their money will forever be in their possession. This design came on board before forex brokers started to accept Bitcoin for forex transactions, and unfortunately no modifications or exceptions can be made at this time.
Conclusion
Are you using Bitcoin to fund your brokers trading account? If so then you’ve come to the right place. Our brokers list outlines the very best brokers that accept the funding of Bitcoin.