Bitcoin Forex Brokers

Here you can find Forex brokers that accept Bitcoin as a payment method for deposit & withdrawal to/from your Forex account or provide Bitcoin trading versus other currencies (such as BTC/USD being the most popular), commonly known as Cryptocurrency trading instruments.

Bitcoin, a protocol and a form of digital currency developed back in 2008, is controlled by no one including the banks or governments. Its most important characteristic is that it is decentralized (A peer to peer network) which makes it totally anonymous, and free of charge. Visit Bitcoin official website to learn more.

Bitcoin Forex brokers use third party processing systems (such as BitPay) to receive Bitcoin payments from clients. All incoming payments are automatically converted to client’s account currency. Find all Bitcoin Forex brokers below.

What is Bitcoin?

Bitcoin is a digital payment system created by Satoshi Nakamoto in 2009 which uses Bitcoin as its currency units, and its smallest unit is called Satoshi. Bitcoin is designed in a way that large banks, intermediaries, or authorities have no control over due to its decentralized method of transactions. The whole system is the result of connections between computers solving mathematical problems worldwide. The authenticity of these transactions is confirmed by Bitcoin miners. Bitcoin provides its users with anonymity through cryptography - secure encryption and decryption of data. Bitcoin transactions are all registered in a large public ledger called Blockchain (database) and available for everyone to review. There are several websites for creating a Bitcoin Wallet among which Blockchain.info, Coinbase.com, and LocalBitcoins.com are the most prominent. When you create a Bitcoin Wallet, a pair of keys will be assigned to your account, a Public Key (Bitcoin Address) and a Private Key to receive and send funds. Bitcoin Addresses are usually 25-34 characters long. There are also different Bitcoin Wallets to choose from; for example, GreenAddress and Electrum (Web-based) - Breadwallet, Airbitz (Android and IOS) in addition to KeepKey, Ledger Nano S, and Trezor (Hardware Wallets). Bitcoin currency could be used for a wide variety of transactions such as online purchases, transferring funds, even engaging in Forex trades. Bitcoin is growing more popular among online users and traders due to its unique features (speed, security, ease of access) which is why many Forex Brokers now accept this method of payment.

What is Cryptocurrency Trading?

Cryptocurrency Trading means to exchange Bitcoin for USD or other currencies on a Forex Broker’s software platform such as MetaTrader. It will enable you to trade Bitcoin without using mining hardware. Cryptocurrency can be used for other activities as well - investment, gambling, paying for online purchases, etc. Cryptocurrency is more like stocks, so when you trade Cryptocurrency, it’s as if you’re buying stocks or shares on Blockchain. But what type of stocks? These are software services, and the overall goal is to make them better and more accessible as opposed to the limited services on PayPal and so on. As we all know, some stocks go up, and some go down, that is exactly the case with these software stocks. Cryptocurrency is mostly traded on Exchanges, a place where it is bought and sold such as gdax.com or via the above listed Bitcoin CryptoCurrency Brokers.

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High-Risk Warning: Trading Forex carries a high level of risk because leveraged products can work for or against you. Your losses may exceed your deposited funds and you should be aware of all the risks associated with trading.

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