It is important for forex traders to note that the legality of dealing in Bitcoins is different in many countries. Whereas it is legal to deal with Bitcoins in Canada, Australia, UK, US, Hong Kong, etc. Therefore, in the best interests of the trader, it is very important to learn about the legality of the cryptocurrency before starting to use in forex trading.

Given below are some reasons for that. This way, it may be easier for them to deposit and withdraw funds in Bitcoins with a forex broker that offers this facility. Bitcoins also work independent of the centralized payment and banking systems.

It is fast becoming a popular trading instrument offered by many bitcoin forex brokers. This is a great incentive to many traders worldwide. In the real world, whereas many of the forex brokers allow the traders to trade using Bitcoins, there are not many that accept Bitcoins for deposits or withdrawals. This may be because of the volatility of the currency and the required anonymity of the Bitcoin transactions which may be a challenge as far as the compliance departments of the forex brokers are concerned.

However, there are exceptions here also. When there is a supply and demand for any currency, its value continuously moves up and down when many entities invest in the economy. The same is happening with Bitcoins now. Because of this more individuals are now buy, sell, or exchange Bitcoins in view of its demand.

Because of this reason, many forex brokers have started accepting deposits and withdrawals from their clients using Bitcoins to cash in on this growing demand of the digital currency. Forex brokers are also supporting cryptocurrency trades through mobile apps.

The apps provide the latest and most vital data pertaining to the digital currency. This helps the traders to derive the maximum benefit from trading the cryptocurrency online. Having discussed a few things about Bitcoins, here is some information about a couple of brokers that accept payments or withdrawals in this altcoin:. The brand InstaForex was launched in Currently, the forex broker has more than 3,, customers.

Further, over 1, customers open accounts every day. According to data from Blockchain. Bitcoin works in a unique way and offers several unique features that make it an appealing payment method for millions of users worldwide. After researching hundreds of brokers, it is clear there are few trustworthy brands accepting Bitcoin deposits. Bitcoin is popular among unregulated and offshore brokers and is also favoured by boiler rooms and total scams. Many regulated and well-known brokers support Bitcoin and crypto deposits.

This list has been carefully vetted and verified. All brokers listed below accept Bitcoin as a deposit method as of December The Bitcoin network processes Bitcoin transactions, a decentralised group of volunteers that collectively support the network. The Bitcoin network consists of nodes that collect and verify new transactions and store a copy of the blockchain, a complete history of transactions since the very first in Miners collect pending transactions from nodes and compete to complete a resource-intensive puzzle.

Bitcoin transactions are processed in blocks; each block of transactions references the previous block, resulting in a chain of blocks or a blockchain.

The complexity of the puzzle adjusts every two weeks to regulate the interval between blocks. The target interval between blocks is 10 minutes. If the puzzle is too easy, blocks will get mined too fast, whereas blocks will get mined too quickly if the difficulty is too high. The block size is capped at 1MB, and a basic Bitcoin transaction is approximately bytes; each block can fit approximately 4, basic transactions.

However, transactions can contain additional data, such as multiple recipients, known as outputs. The more instructions a transaction contains, the larger it will be. Bitcoin miners are compensated by newly minted coins created whenever a block is mined, known as the block reward. The current rate is 6. Voluntary transaction fees also incentivize miners. When a Bitcoin transaction is created, the sender has the option to include transaction fees.

To receive or spend Bitcoin, you need a Bitcoin wallet. Bitcoin wallets are a public key and private key that, when combined, let you authorise transactions. Using the public key, you can create addresses, which are essentially aliases. While that might sound very complicated, luckily, there are many apps for managing your public key and private key and creating transactions.

Such as Coinbase , Electrum , Atomic Wallet and Exodus. You can also store Bitcoin and other cryptocurrencies in trading accounts with exchanges. You can buy Bitcoins and other popular cryptocurrencies supported by many forex brokers in various ways. Paying with Bitcoin has numerous advantages for customers and merchants. However, some of the advantages of Bitcoin are also considered controversial, especially in a financial services environment. Some brokers let traders not just deposit using Bitcoin but also support trading accounts denominated in Bitcoin.

If your trading account balance is held in BTC, it means that when you open a position, your margin, profit and loss is calculated in Bitcoin. Similarly, the broker will convert all commissions and swaps charged in US dollars into Bitcoin. Under these conditions, your profitability depends on Bitcoin price volatility. If you open a position while the BTC price is high, your commission costs more.

Then suppose the price falls dramatically, the value of your account equity might drop so much it causes a margin call or stop out. Bitcoin and cryptocurrencies are becoming more popular among forex traders and brokers.

OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion.

Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops. Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading. One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,, there are places for 4 winners in each contest period.

OctaFX began to integrate crypto trading in their service in September The broker also provides Bitcoin as a payment method, where clients can use BTC to fund or withdraw from their accounts. Both deposit and withdrawal transactions are processed instantly and without commission.

However, there's a minimum requirement of 0. See Also: Brokers with Zero Fees on Deposit and Withdrawal. FXTM was initially launched in with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.

Now, FXTM is registered under the Financial Conduct Authority of the UK with the number FXTM has 1 million registered accounts with more traders joining every day.

The company continually tries to improve their performance and have got many awards such as Best Trading Experience by World Finance Awards, Best Online Forex Trading Company Nigeria by International Finance Awards, Reputable Investor Education Forex Broker Award by Hexun.

com, Forex Brand Of The Year China by Fxeye. Com, and many more. As a responsible broker, they determine leverage expressed as a ratio of transaction size relative to trader's buying power according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment.

The company also enables trading with leverage up to As for spreads, FXTM offers low spreads starting from 0. The company, which has headquarters in several countries, uses No Dealing Desk NDD technology and partners with credible liquidity providers to provide the best bid and ask prices. For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM , traders can develop their trading strategy or adopt other traders' strategies.

Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.

Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.

FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures oil , CFD on ETFs, and indices. Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars.

There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex. Traders are also given various choices for payment methods , including Credit Cards Visa, Mastercard, Maestro and E-Wallet Neteller, Skrill, Western Union. For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days.

Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.

FXTM also provides commission-free forex deposits with Bitcoin. This broker has included a complete guide and details of transactions via Bitcoin on its official website, which can be accessed without logging in to the Member Area first.

Not only for the deposit but withdrawing funds from FXTM's account can also use Bitcoin. It is important to note that in FXTM, clients cannot withdraw funds larger than their deposited Bitcoin. Furthermore, FXTM also recommends using specific Bitcoin wallets, such as Bitpay, Copay, Mycelium, Airbitz, Electrum, Bitcoin Core, Bitcoin.

com, and BRD Bread. The suggestion is to ensure that clients only use wallets that are updated with the latest Bitcoin protocols. As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies.

The Australian-based broker is established in and has since opened additional headquarters in London and throughout Asia-Pacific, Middle East, North Africa, Europe, and South America. Along with its history operation, ThinkMarkets has been awarded and recognized many times in various aspects. Most recently, they won the Best Value Broker in Asia at the Global Forex Awards.

Average FX spreads for traders opening an account in ThinkMarkets start from 1. As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets Aust Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission ASIC with ABN: On the other hand, ThinkMarkets UK is registered under the Financial Conduct Authority FCA by the company name of TF Global Markets UK Limited number: ThinkMarkets consistently try to improve their trading environments with various advanced products.

Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader. The trading platform is available on 3 different interfaces specifically designed for Desktop, Tablet, and Mobile displays.

As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.

For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card Visa and MasterCard , Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet. All in all, it is safe to say that for a company that started business since , ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology.

ThinkMarkets is an Australian broker that provides forex deposits with Bitcoin via BitPay. This allows for other cryptocurrency payments like Ether and Bitcoin Cash.

Based on the information provided on the broker's website, the process of depositing via Bitcoin will take approximately 10 minutes. It is apparently one of the only 5 payment methods available in ThinkMarkets. Regulated by the Cyprus Securities and Exchange Commission CySEC , LiteForex is also subjected to the European Securities and Markets Authority ESMA.

However, aside from basing its operation on Cyprus, LiteForex also branched to the Marshall Islands. Here, LiteForex hasn't been regulated by any financial regulator yet and conducts its operation under the name of LiteForex Investments Limited different from LiteForex European Limited which is regulated under CySEC.

Based on some traders' experience registering in LiteForex , the company doesn't strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex Investments Limited that is not subjected to higher leverage restrictions issued by ESMA. Trading assets in LiteForex range from Currency, Metals, Oil, Stock in CFD, Global Indice, as well as Cryptocurrency.

More importantly, the broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs. With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading.

It is also the gateway to access an extremely wide selection of custom indicators and Expert Advisors that everyone can discuss and download in MQL4 and MQL5 sites. ECN and Classic are the only account types offered by LiteForex.

Although relatively limited, the account choices have managed to accommodate the majority of traders' needs, particularly those with early to intermediate levels of trading experience. Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities.

The said platform is also easily integrated with traders' Member Area. On the payment methods' front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment.

More than its commitment to ease traders' experience in terms of payment and trading, Liteforex used to be recognized as one of the first brokers initiating the innovation of Cent Account for small traders, thus the name "Lite".

However, the company's focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders. Furthermore, LiteForex has been serving global retail traders since , an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders' trust.

Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly.

Not only the language support in the official website, but LiteForex also goes beyond to maximize its commitment by providing local payments and other means specifically tailored for each country's traders. To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders. Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn't been registered to any financial regulations.

This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future. But if we take a look at its long-standing as a comparatively experienced broker since , it is quite safe to say that trading in LiteForex can be considered quite reliable, especially considering its status as an offshore brokerage. LiteForex is a beginner-friendly forex broker and usually follows the trend in the forex industry.

Therefore, it didn't come as a surprise when the broker announced the offering of Bitcoin and several other cryptocurrencies as their payment methods.

This is why there is a particular cryptocurrencies section in the deposit and withdrawal table provided by the broker.

This broker also emphasizes that Blockchain will sort the priority of transferring funds via Bitcoin. That is why the broker may not always process forex deposits with Bitcoin instantly. The emergence of Bitcoin and other cryptocurrencies into the forex market both as trading instruments and payment methods shows that forex trading is always evolving. As a trader, depositing money via Bitcoin can give a new edge to your experience; aside from keeping up with the latest trend, using Bitcoin payment also brings instant and efficient transactions with a new level of safety protocol to protect your identity.

This is why any forex trader must be up to date with what is new and kicking in the industry, to make sure that the new updates can be beneficial for them.

Should you be interested to start trading with one of the brokers above, you may need to pay attention to their other features besides the Bitcoin payment. Here is a comparison table for your consideration:.

To compare more brokers from the list above, please visit the forex broker comparison tool.

Many people call Bitcoin the currency of the future. It is definitely a revolution in the digital currency area because it can be transferred from one owner to another privately and without the use of a middle man.

In terms of volatility, it is probably the most volatile product and thus was an excellent opportunity for Brokers to offer it as a trading product. Bitcoin has been under the spotlight for some time and finally some brokers have started to accept BTC as a valid payment method.

However, the base currency of a trading account will not be in BTC, so a conversion to USD or another broker supported currency will have to happen, and when withdrawing it there is a huge change of fluctuation.

Therefore, you could profit or lose by simply depositing and withdrawing bitcoins. Forex Trading School Courses. Novice Level Courses. Advanced Beginner Level Courses. Competent Level Courses. Proficient Level Courses. The Expert Level Courses.

Bitcoin Deposit Forex Brokers List of Brokers who offer Bitcoin Trading List of Forex Brokers who accept Bitcoin About Bitcoin Trading BTCUSD. Forex Trading School Courses Novice Level Courses Advanced Beginner Level Courses Competent Level Courses Proficient Level Courses The Expert Level Courses. BO Brokers by Regulation ASIC - Australia BaFin - Germany CYSEC - Cyprus FCA - UK BVI - FSC - Virgin Islands IFSC - Belize NFA - USA Not Regulated BO Brokers by Platform SpotOption TradoLogic TradeSmarter TechFinancials ActBinary MetaTrader4 Proprietary Platform BO Brokers by Account Options Minimum Trade Size Maximum Trade Size Minimum Deposits Return - Payouts Percentage Maximum Forex Leverage Deposit Options BO Brokers offer Bonuses Trading Contests No Deposit Bonus Bonus for First Deposit Other Bonuses BO Brokers by Asset Types BO Brokers Accept USA Clients BO Brokers offer Affiliate Program.

MultiBank Group. Market execution. Both - Market and Instant execution. Circle Markets. Evolve Markets Ltd. Fortrade LTD. Fullerton Markets. FX Primus. FXOpen Markets Limited. InstaForex Group. Nova FX Trading. Instant execution. TTCM Traders-Trust Capital Markets.

This situation leads to a very high fee requirement. The currencies used on the account are US Dollars and Euros. The key distinction is that, though forex exchanges might be decentralized, the currencies themselves are backed by central banks in the countries that issue them. In recent years, dozens of brokers have integrated Bitcoin payments; others have gone a step further and introduced Ethereum, Litecoin, Bitcoin Cash and other cryptocurrencies. The company continually tries to improve their performance and have got many awards such as Best Trading Experience by World Finance Awards, Best Online Forex Trading Company Nigeria by International Finance Awards, Reputable Investor Education Forex Broker Award by Hexun.

Categories:

• Binary Options online
• Binary Options
• Forex Bitcoin
• Forex
• Forex Brokers