Oct 10, · When you withdraw your money in bitcoins, you receive ($16,/$8,) = bitcoins. Low Deposit Amount: A trader can start with as little as $25 with some bitcoin forex trading . It ranges between one to three business days depending on the forex broker and withdrawal option you used. Wire transfer and credit card transfers could take up to three business days. Though I remember several times that I received the funds same day when I used wire transfer as the transfer option. 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. Best Forex Brokers Accepting Bitcoin for Deposit and Withdrawal. Here’s a list of top 10 Forex brokers that accept Bitcoin for deposit and withdrawal. HotForex; FXTM; FX Choice.
Forex broker bitcoin withdrawBenefits and Risks of Trading Forex With Bitcoin
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:. My name is David and I've been in Forex Market since I created this site to convey my experience and try to help forex traders to make better decisions.
Share this post if you liked it and let me know what you think about it in the comment section. Personal Finance. Your Practice. Popular Courses. Part Of. Bitcoin Basics. Bitcoin Mining.
How to Store Bitcoin. Bitcoin Exchanges. Bitcoin Advantages and Disadvantages. Bitcoin vs. Other Cryptocurrencies. Bitcoin Value and Price. Cryptocurrency Bitcoin. Table of Contents Expand. The Bottom Line. Key Takeaways The forex market is dedicated to trading in the world's currencies. Many forex brokers now accept bitcoin and other cryptocurrencies. Bitcoin trades benefit from the anonymity and decentralized valuation system the currency represents. They add a new layer of risk to forex trading, exacerbated by the extreme volatility of crypto-currencies.
Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.