Dec 03, · Best Forex Brokers That Accept Bitcoin for Deposits/WD The Bitcoin electronic currency is unique in that they can be transferred immediately online without involvement of . While managing your assets from a competitive Bitcoin trading platform remains essential, there are several other factors to consider when evaluating a broker to ensure you deposit your capital into a safe, secure, and transparent environment. Evolve Markets is a broker where users can trade Bitcoin and over 10 other cryptocurrencies as well as over 50 fiat currencies on different markets. However, both deposits and withdrawals are accepted only in BTC and Litecoin and are free from fees. The minimum amount to withdraw is BTC.
Broker bitcoin depositForex Brokers Accepting Bitcoin for Deposits or Withdrawal
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There are a few reasons that a trader may want to use bitcoin for deposit and withdrawal. One of the reasons that traders might choose bitcoin in particular or any other cryptocurrencies in general as the way of transactions to their brokers is that they are living in a country that there are some limitations for forex trading. For example, if you live in the US, there are some rules and regulations that prevent or limit you from using some features or strategies.
Forex brokers have a good reason for asking documents such as proof of ID or proof of address because their regulatory bodies request such documents because of preventing money laundry or anti-terrorism purposes. On the other hand, there might be reasonable arguments for traders reluctant to give such documents to brokers.
Although it might be the case when we are talking about new unregulated brokers, that barley happens in an unregulated broker that has been around for years and has a good reputation and almost impossible to happen in a well-regulated forex broker.
The next reason that some people are willing to use Bitcoin for deposits and withdrawals is that they want to pay less for their transactions. As you know, payment options such as online payments, wire banks, or credit cards each charge a fee when you deposit or withdraw money. Bitcoin is not an exception and when you deposit and withdraw, fees are charged.
This is the explanation of Blockchain about the fees that are charged:. However, there are some forex brokers that reimburse the fees of deposits and withdrawals.
They do that as the bonus they provide to their clients — none in the table means that. Thank you. Have you used any of these services personally? If so, which do you recommend most and why? During my trading career, I used all of them but Grand capital and Liteforex. Picking a broker depends on many factors such as your country, your trading strategy, your deposit amount, and some others.
Some of them are slightly better than others in that case. Save my name, email, and website in this browser for the next time I comment. Skip to content. You'll See in This Article:.