Best Accepting Bitcoin Brokers 2019
XTB
BaFin, CNMV in Spain, CySEC, FCA, IFSC
Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom
Your capital is at risk
FXTM
CySEC, FCA, IFSC
FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
Your capital is at risk
FBS
CySEC, IFSC
N/A
Your capital is at risk
eToro
ASIC, CySEC, FCA
N/A
76% of retail investor accounts lose money
HotForex
CySEC, DFSA, FCA, FSA, FSC, MiFID
N/A
Your capital is at risk
OctaFX
CySEC
N/A
Your capital is at risk
Best Accepting Bitcoin Brokers Comparison Table
Broker | Rating | Regulations | Headquarters Country | Foundation Year | Min Deposit | Max Leverage | Trading Platforms | Publicly Traded | Restricted Countries | Trading Desk Type | Currencies | Commodities | Indices | Stocks | Cryptocurrency | ETFs | Bonds | Futures | Options | Mutual funds | Deposit | Withdrawal | Commission on trades | Fixed spreads | OS Compatibility | Mobile trading | promotions | Visit Broker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
BaFin, CNMV in Spain, CySEC, FCA, IFSC | United Kingdom | 2002 | $250 | 1:200 | MT4 | No | United States | STP | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Credit Card, Neteller, PayPal, Skrill, Wire Transfer | Wire Transfer | Yes | Yes | Desktop platform (Windows), Desktop platform (Mac), Web platform | Android, iOS | Yes | Open Account Your capital is at risk | ||
CySEC, FCA, IFSC | Cyprus | 2011 | $10 | 1:30 | MT4 | No | Belize, Japan, United States | ECN, STP | Yes | Yes | Yes | Yes | Yes | No | No | No | No | No | Credit Card, Neteller, QIWI, Skrill, Webmoney, Wire Transfer | Credit Card, cryptocurrencies, Neteller, QIWI, Skrill, Webmoney, Wire Transfer | Yes | No | Desktop platform (Windows), Desktop platform (Mac), Web platform | Android, iOS | No | Open Account Your capital is at risk | ||
CySEC, IFSC | Russian Federation | 2009 | $1 | 1:3000 | MT4, MT5 | No | Russian Federation, United States | ECN, No dealing desk, STP | Yes | No | No | No | Yes | No | No | No | No | No | Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer | Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer | No | Yes | N/A | N/A | No | Open Account Your capital is at risk | ||
ASIC, CySEC, FCA | Cyprus | 2007 | $200 | 1:30 | cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, ZuluTrade | No | Canada, Indonesia, Iran, Isle of Man, Israel, Jamaica, Japan, Niger, North Korea, Sweden, Syria, Trinidad and Tobago, Turkey, United States | Market Maker, No dealing desk, STP | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer | Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer | Yes | No | N/A | N/A | No | Open Account 76% of retail investor accounts lose money | ||
CySEC, DFSA, FCA, FSA, FSC, MiFID | Cyprus | 2010 | $5 | 1:1000 | MT4, MT5 | No | Canada, North Korea, Sudan, Syria, United States | ECN, STP | Yes | Yes | Yes | Yes | Yes | No | Yes | No | No | No | Credit Card, FasaPay, iDeal, Neteller, QIWI, Skrill, Sofort, Union Pay, Webmoney, Wire Transfer | Credit Card, cryptocurrencies, FasaPay, iDeal, Neteller, QIWI, Skrill, Sofort, Union Pay, Webmoney, Wire Transfer | No | No | N/A | N/A | No | Open Account Your capital is at risk | ||
CySEC | Saint Vincent and the Grenadines | 2011 | $5 | 1:500 | cTrader, MT4, MT5 | No | Russian Federation, United States | ECN, STP | Yes | Yes | Yes | No | Yes | No | No | No | No | No | Credit Card, FasaPay, Neteller, Skrill, Wire Transfer | Credit Card, FasaPay, Neteller, Skrill, Wire Transfer | No | Yes | N/A | N/A | No | Open Account Your capital is at risk |
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.