Bitcoin brokerage firms

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker.

Top forex bonus list

Best Cryptocurrency Brokers for 2021, bitcoin brokerage firms.

Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you. Etoro disclaimer: 71% of retail CFD accounts lose money.

Best cryptocurrency brokers for 2021

Daniel ‘harris’ major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Best cryptocurrency brokers (non-US traders only)

Plus500 – top rated trading platform

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.

Trade cfds on bitcoin & many other cryptos

Minimum deposit is only $100

Regulated and trusted platform

Very fast signup process

Live chat

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Plus500 disclaimer: 76.4% of retail CFD accounts lose money.

IQ option – lowest minimum deposit ($10)

If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

You can trade many cryptocurrencies

Minimum deposit is only $10

Best trading platform

Multiple account currencies

Free demo account

Regulated by CYSEC (#247/14)

Etoro – top crypto broker

Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.

Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.

Trade bitcoin & many other cryptos

Minimum deposit is $200

Regulated and trusted platform

Australian traders are also accepted

Great support team

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Etoro disclaimer: 71% of retail CFD accounts lose money.

Highlow – best all-round crypto broker

Due to regulation highlow stopped accepting traders from the EU and UK.

Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Trade bitcoin & other cryptos

Minimum deposit is only $50

Regulated and trusted platform

Fastest signup process (no questionnaires)

Multiple account currencies

Free demo account (no registration needed)

Nadex – US traders welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on nadex. Non-US traders check out the next broker.

Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.

Recently, nadex started offering bitcoin trading.

Trade bitcoin, forex or binary options

Minimum deposit is $250

CFTC regulated broker

Great support team

Many payment methods (even paypal)

Crypto brokers with most cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.

Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.

Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.

Lowest minimum deposit brokers

These are the best brokers with low minimum deposit requirements:

Etoro – $200

Plus500 – $100

Avatrade – $100

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top rated brokers that have cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Etoro disclaimer: 71% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to choose your cryptocurrency broker

Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which cryptocurrencies are you interested in trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros and cons of cryptocurrency brokers

Here are some features that these broker have or don’t:
pros

Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading

If you are less tech-savvy then a broker is safer for you

You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency brokers – what to look for

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What are the weekend hours like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How is it hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More great features you could be interested in

Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.

Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready to start trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Best online brokers for buying and selling cryptocurrency in january 2021

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Cryptocurrency, especially bitcoin, has proven to be a popular trading vehicle, even if legendary investors such as warren buffett think it’s as good as worthless. Part of cryptocurrency’s popularity is due to its volatility, since these swings allow traders to make money on the price moves.

For example, at the start of 2017, the price of bitcoin broke through the $1,000 barrier. By the end of the year, the digital currency had reached nearly $20,000. Almost a year later, bitcoin was hovering around $3,200. But it sprung back to life in 2019, rising to more than $10,000 and has continued significantly higher since then — crossing the $20,000 level toward the end of 2020.

It’s this kind of price movement that has attracted traders looking to ride the waves to profit. While some traders like to own the currency directly, others turn to the futures market. Futures may be an even more attractive way to play the volatility of digital currencies such as bitcoin, because they allow traders to use leverage to magnify their gains (but also magnify losses).

Where can you buy and sell cryptocurrencies?

Traditional brokers have the advantage of offering a wide selection of investible securities, though typically you can’t trade bitcoin directly, only futures. Meanwhile, crypto exchanges are limited to digital currencies, though you can own the currencies directly and can often buy several, rather than simply bitcoin or bitcoin futures, as you would with a general broker. And paypal has also gotten in on the act, allowing U.S. Users to buy and sell cryptocurrencies.

Here are the best brokers for cryptocurrency trading, including traditional online brokers, as well as a new specialized cryptocurrency exchange. You might also want to check out which brokers offer the best bonuses for opening an account to determine where you can get a little extra.

Overview: best brokers for cryptocurrency trading

Robinhood

Robinhood is a great option for buying cryptocurrency directly. Not only that, you’ll get to take advantage of the broker’s wildly popular trading commissions: $0 per trade, or commission-free. And if you’re into more than just cryptocurrency, you can stick around for stock and ETF trades for the same low price. Robinhood’s slick app makes trading so easy, though those looking for a full-featured trading experience will be disappointed.

Commission: $0

Account minimum: $0

TD ameritrade

TD ameritrade is one of the top full-service brokers on the market, and not only does it offer access to traditional products such as stocks and bonds, but it’s expanded its offering to include bitcoin futures. However, TD ameritrade does not allow trading directly in the digital currency. You’ll need to meet the account minimum to get started with bitcoin futures. (charles schwab has purchased TD ameritrade, and will eventually integrate the two companies.)

Commission: $2.25 per contract

Account minimum: $25,000 for futures

Interactive brokers

Interactive brokers allows you to buy bitcoin futures rather than owning the currency directly. And in this broker’s case, you can actually buy futures on the chicago mercantile exchange, with all-in contracts costing $15.01 with five bitcoins per contract. In addition, interactive brokers brings its full suite of investment offerings, so you can buy almost anything that trades on an exchange.

Commission: $15.01 per contract

Account minimum: $0

Charles schwab

Charles schwab is routinely one of bankrate’s picks for top broker, and this investor-friendly company offers trading in bitcoin futures. Schwab also has no account minimum, but any futures contracts you trade will require some minimum margin to hold them open. Schwab offers an attractive commission of $1.50 per contract, and if you’re able to bring big money to the table, you’ll receive a welcome bonus, too.

Commission: $1.50 per contract

Account minimum: $0, futures margin depends on contract

Tradestation

Traders have a couple options at this broker, which has rolled out direct currency trading via tradestation crypto, with commission-based pricing for traders. Pricing is based on your account balance with the broker and whether your order is directly marketable. Normally pricing ranges from 0.25 percent of your order to 1 percent. Traders can also buy and sell bitcoin futures as well as take advantage of substantial volume trading discounts.

Commission: 0.25-1 percent

Account minimum: $0, but futures margin depends on contract

Coinbase

Coinbase is a specialized cryptocurrency-focused platform that allows you to trade digital currencies directly, including bitcoin, ethereum, litecoin and bitcoin cash. In total, you’ll have access to more than three dozen cryptocurrencies. You’ll also be able to store your coins in a vault with time-delayed withdrawals for additional protection. The exchange’s commission structure is steep. It charges a spread markup of about 0.5 percent and adds a transaction fee depending on the size of the transaction and the funding source.

Commission: at least 1.99 percent of the transaction value

Account minimum: $0

Bottom line

Whenever you’re selecting a broker, it’s important to consider all of your needs. And for new traders in cryptocurrency, you’ll want to figure out whether you want to own the virtual currency directly or whether you want to trade futures, which offer higher reward, but also higher risk.

You’ll also need to consider whether you want to trade more than bitcoin, which is what the majority of traditional brokers restrict you to. If not, you may want to turn to a cryptocurrency exchange, since they offer more choice of tradable cryptocurrency.

Buying bitcoin through a brokerage account

Investors can now buy bitcoin through online brokers like charles schwab, fidelity, E*trade and TD ameritrade.

Buying bitcoin through a brokerage account

Many investors have asked me how do I buy bitcoin? Or where do I buy bitcoin? They also ask can I buy bitcoins for my IRA, 401K or roth IRA? I didn’t have a great answer for them.

Investors have had a number of poor options like:

Get indirect exposure through publicly traded companies like BTCS

Buy through coinbase or circle

Through secondmarket’s BIT(accredited, 25K minimum)

Buy through overseas exchanges

Beginning today, bitcoin can be purchased through an online brokerage! I’m going to show you how to buy bitcoin with a brokerage account. Yes you will be able to buy through online brokers like charles schwab, fidelity, E*trade or TD ameritrade.

Search for ticker GBTC

Trade or buy.

Here is a video showing how to buy GBTC for a ROTH IRA.

Yes this will work through your IRA, roth IRA, 401K, and other self-managed accounts.

Here is what that process looks like through fidelity.

And here on trademonster

GBTC (managed by secondmarket) holds bitcoins and is designed to mirror the performance of directly holding bitcoins. For details read bitcoin etfs are coming.

It is great that retail investors can now easily and safely purchase bitcoin through their online brokerage.

Do you plan on buying bitcoin through your broker? Let me know in the comments!

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Best cryptocurrency brokers

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best crypto platform for most people is definitely etoro.

Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.

Get started now with benzinga’s picks for the best cryptocurrency brokers to choose the right one for you.

Best crypto brokers and trading platforms:

Best for social trading: etoro

Best for ease-of-use: gemini

Best for new investors: coinbase

Best for gold investments: itrustcapital

Best for high volume forex traders: cryptorocket

Best for accessibility: altrady

Best for multiple exchanges: voyager

Best crypto brokers

Since different brokers have different strengths, you need to figure out what kind of broker best suits your cryptocurrency interests. Some brokers provide a social trading platform where you copy other cryptocurrency traders’ trades in your own account. Others can offer the ability to make transactions in a broader selection of altcoins.

Choosing the best crypto broker depends largely on addressing your needs as an investor or trader. The following list crypto brokers been selected for different reasons to meet the needs of differing cryptocurrency trading and investing styles.

Commissions

Account minimum

Etoro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account. While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes in their account.

In addition to its regular crypto trading platform, etoro offers an advanced cryptocurrency exchange platform called etorox. This platform is designed for algorithmic traders and institutional grade investors. It offers traders access to tight-dealing spreads, and its algox application programming interface (API) can be used to create custom automated trading tools.

Commissions

Account minimum

2. Best for ease-of-use: gemini

Stay on top of market trends, build your crypto portfolio and execute your trading strategy with gemini’s easy-to-use tools. The gemini app is available on all the major app stores, and it puts the industry’s best crypto exchange and wallet in your hands.

Gemini’s app is easy to use. You can track asset prices and real-time market prices and set price alerts so you can act fast on price movements for individual assets. You can also schedule recurring buys on bitcoin and other cryptocurrencies.

Invest with peace of mind with gemini’s solid cybersecurity and custody solutions. Create a free account and make your 1st buy in as little as 3 minutes.

Commissions

Account minimum

3. Best for new investors: coinbase

Coinbase is 1 of the largest and oldest cryptocurrency exchanges. It currently services 35 million customers worldwide. Coinbase has extensive educational resources and an intuitive interface ideal for new traders and investors.

The exchange also provides clients with a hosted wallet and offers global customer support. Coinbase is an excellent choice for those new to the cryptocurrency market who do not wish to use social trading services.

Commissions

Account minimum

4. Best for gold investments: itrustcapital

Itrustcapital is 1 of the few cryptocurrency brokers that lets you trade and hold physical gold in your individual retirement account (IRA). You can also trade bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BTH) in your IRA. Itrustcapital provides you with a personal wallet by curv for your crypto transactions.

While itrustcapital has no minimum trade or account size, the company charges account holders a flat fee of $29.95 per month. This amount includes all IRA fees, asset custody charges and access to its trading platform, although all cryptocurrency trades carry an additional 1% transaction charge based on the trade size.

If you’re planning for your retirement and want to add physical gold to your cryptocurrency portfolio as an inflation hedge, then itrustcapital is a solid choice.

5. Best for high volume forex traders: cryptorocket

Cryptorocket offers straight through processing (STP) to its trading clients. This means you deal directly with the crypto and forex markets and not through intermediaries or market makers. This broker model is ideal for high volume forex traders who tend to be sensitive to dealing spreads.

In addition to the 35 crypto pairs offered, you can trade 55 fiat currency pairs, 64 major stocks and 11 indices. If you are based in a jurisdiction with relatively lax retail forex trading regulatory oversight, you may even be able to take advantage of cryptorocket’s 500:1 maximum leverage ratio for forex trades.

Cryptorocket also supports the popular 3rd-party metatrader4 trading platform.

6. Best for accessibility: altrady

Altrady is built by crypto traders for crypto traders. It makes cryptocurrency trading accessible for beginner, intermediate and advanced traders.

You can get the tools that professional crypto traders use without the expensive price tag. Altrady’s platform is intuitive and easy-to-use. Its crypto trading software platform adapts to your needs.

It combines 10 connected exchanges. It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.

Commissions

Account minimum

7. Best for multiple exchanges: voyager

Voyager connects to more than a dozen of the most trusted and secure crypto exchanges so you have access to the largest crypto trading market available anywhere. Voyager gives you faster, more reliable execution, plus:

Access to multiple exchanges: voyager partnered with over a dozen of the most trusted and secure crypto exchanges and liquidity providers. Voyager’s exchange connectivity offers you competitive prices on your trades and faster, more reliable execution.

Commission-free trading: voyager operates commission free to save you money. You save money on trades through its extensive crypto market and best execution technology. Voyager achieves price improvement on over 90% of customer orders.

Start trading at a better price today! Download the voyager app today.

Crypto advantages vs. Disadvantages

Trading and investing in cryptocurrencies often carry a considerable degree of risk, as you may have observed given the volatility of bitcoin and some other digital currencies. Despite the disadvantages currently associated with cryptos versus fiat currencies (like lower liquidity and minimal payment options), the advantages of holding cryptocurrencies will increase as they become a more common form of payment.

Here’s a quick shot of crypto advantages and disadvantages.

Advantages

Security. Technology advances typically lead to increased intrusion into your privacy. In contrast, all identities and transactions are strictly secured in the digital currency environment. While most cryptocurrency transactions are very secure, you still could be vulnerable to cybercriminal actions, like hacking.

Low transaction fees. Because of the elimination of intermediaries like financial institutions, cryptocurrency transaction fees are generally quite low.

Decentralized. The lack of a central exchange or authority overseeing cryptocurrencies is one of their defining characteristics. Many people consider this among the biggest advantages of cryptocurrencies and blockchain technology.

High potential returns. You only have to look at a long-term bitcoin price chart to get an idea of the returns you can make investing wisely in digital currencies. The crypto world is still developing and expanding, so investing in the right digital currency now could translate into considerable returns in the future.

Disadvantages

Acceptance. Because digital currencies have not yet become mainstream, most businesses will not accept them as payment for goods or services. This situation will eventually change as public perception makes digital currencies more acceptable as forms of payment. For example, paypal has recently allowed customers to hold bitcoin balances and has plans to allow payments using that cryptocurrency by early 2021.

Volatility. The market volatility observed in some digital currencies can lead to large gains or large losses. Trading and investing in crypto is not for everyone, especially those with a low pain threshold or aversion to risk.

Taxes. The internal revenue service (IRS) states on its official website that “virtual currency transactions are taxable by law just like transactions in any other property.” that IRS web page also links to a guide about how existing general tax principles apply to transactions made using digital currencies.

Illegal activities. Due to the fact that digital currency transactions generally provide identity security, many people operating outside the law are thought to use digital currency for illegal activities. These activities could include money laundering, “dark web” transactions, and drug and human trafficking.

Cryptocurrency vocabulary

Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below.

Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.

Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.

Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.

Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.

Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.

Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.

ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.

Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.

Are you ready for the future?

Digital currency and the blockchain appear to be the future of finance. Despite their current typical volatility and lack of widespread acceptance as a payment method, cryptocurrencies seem destined to become increasingly used for online payments. They could therefore make an interesting long-term investment, especially if you have a strong appetite for risk.

Where we will be in 20 years is anyone’s guess, but cryptocurrencies and blockchain technology show growing promise as forces to be reckoned with in the financial world. Get started today with 1 of our recommended crypto brokers.

Try gemini

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What is a bitcoin brokerage firm?

A number of bitcoin brokerage firms have come up over the last few years, and the marketplace for such firms is growing rapidly. You can find a good bitcoin brokerage firm without too much trouble by getting online and visiting the many brokerage sites that are now open.

Your broker will be more than willing to walk you through the process of purchasing from one of their options. They will also be happy to explain the technical aspects of the different trades. To get the most accurate picture possible about what they do, they will always give you access to a demo account.

With a broker, you can also have the option of trading in both ways: short term and long term. This means that you can trade almost all of the time. It is easy to sell when the market is at its lowest. Your broker will do this for you on your behalf.

There are various levels of fees that you can pay. The more you pay the more money they make, but there are also a number of free options that you can look into.

Fees are normally going to be based on volume. If you have a lot of volume, then there will be less fees for you to pay.

Each broker has different types of accounts. Some of them offer a “direct deposit” account, which allows you to directly deposit your money into your account. The downside to this type of account is that the fees tend to be very high.

Online brokerage accounts allow you to interact with the company from the comfort of your home. You can also send them your funds online, so that they can exchange them for the amount you want to trade. You can use this type of account in conjunction with your regular brokerage account.

In the end, there is no doubt that a bitcoin brokerage firm is a necessary investment. Once you are able to get online and find a brokerage firm that will work for you, you can go ahead and start trading.

Bitcoin OTC brokers: what are they, how do they work, and should you use them

Learn everything you need to know about trading large amounts of bitcoin over-the-counter using a bitcoin OTC broker.

What is the OTC market?

A large amount of bitcoin trading occurs on platforms like binance or coinbase where the exchanges act as the market makers. They match the buyers (who set the bids) and sellers (who set the asks) on the platform and take a fee for their services.

The OTC market connects buyers and sellers as well, but it does so via bitcoin broker. Bitcoin brokers essentially replace the exchanges as the “market makers”, acting as the new middleman between buyers and sellers.

The OTC market has a niche target that focuses on traders with significant sums of cash who prefer their orders to be filled by one party. The persons seeking a trade will quote prices to their broker, and it’s the job of the OTC broker to connect their client with another trader to complete the transaction.

Buyers and sellers communicate through their bitcoin brokers, which helps them remain anonymous throughout the transaction. The majority of OTC transactions involve large sums of money because OTC bitcoin brokers help wealthy traders avoid “slippage”.

Slippage occurs when a buyer places a large order on an exchange, which is then filled by multiple sell orders that can vary slightly in price. The result is an increase in total fees paid and a variance in the price paid for the asset. Direct transactions via OTC markets ensure a singular transaction at an agreed-upon price between the two parties.

What are bitcoin OTC brokers?

The first thing to know about bitcoin brokers is that they are not financial advisors. Financial advisors form relationships with their clients and usually manage funds on the clients’ behalf. In contrast, OTC brokers typically trade per explicit request from clients and per limits/goals previously established.

The key advantage of trading with a bitcoin broker is the elimination of any slippage. Bitcoin brokers charge a single fee for their service, but they eliminate excess fees charged by major exchanges when making significant digital asset investments.

OTC brokers develop networks of buyers and sellers to ensure each client’s needs are met. When searching for the right bitcoin OTC broker, it’s important to find a firm that has an established network. Doing so will improve the odds of finding the right buyer or seller for any type of trade.

In order to trade via an OTC broker, investors will have to prove their source of funds and net worth to the firm. Therefore, brokers require clients to complete an identity verification process known as KYC (know your customer), which helps prevent identity theft, money laundering, and other types of fraud.

Why use a bitcoin broker?

OTC brokers are not for everyone. The average investor should find everything they need on popular exchanges like binance or coinbase, but for larger investors trading over-the-counter makes sense.

Below is a comprehensive list of pros and cons for those investors considering an OTC bitcoin broker.

Best bitcoin brokers

Bitcoin market journal has researched and analyzed the top bitcoin OTC brokers to help investors identify the firm that is right for them. If you decide that it’s time to make a substantial investment in digital assets, review our list first to learn everything you need to know about what to look for when choosing the right bitcoin broker for you.

Name	description	incorporation year	fees	auxiliary services	twitter followers	regulated	score
circle trade	boston-based circle is one of the market leaders in the over-the-counter trade of digital assets. Aside from its OTC brokerage services, the company also offers retail investor solutions through its circle invest business and a payments service through its circle pay business.	2013	brokerage fee included in agreed price	advisory, research, retail investor offering, payments	46,700	yes	4.5
itbit	new york-based itbit is a digital currency exchange that launched in 2013. The exchange also offers OTC bitcoin trading service targeted at high net worth individuals and businesses that want to transact in a minimum of 100 bitcoin. Itbit charges a 0.1 percent flat fee on each OTC trade and offers same day settlement to its customers. Itbit’s OTC trading desk has clients in over 100 countries, and the company is a regulated bitcoin exchange in the state of new york.	2012	0.1 percent per transaction. No crypto withdrawal fees.	Full-service digital asset exchange, all USD funds held are insured	7,825	yes	4.5
genesis trading	new york-based genesis global trading provides two-sided liquidity for digital currencies on a daily basis. The company was formerly secondmarket’s trading division and is owned by leading bitcoin venture capital firm digital currency group. Genesis has been offering its bitcoin brokerage services since 2013, which makes it one of the longest-standing OTC bitcoin brokers in the market. Due to its ownership by the DCG, it is also considered one of the most reputable.	2013	spread above XBX bitcoin index	out of hours trading, access to grayscale investment trusts, digital asset lending	6,425	yes	4.5
cumberland mining	cumberland mining, a DRW holdings LLC subsidiary, is another US-based bitcoin broker that transacts in institutional-sized trades. The chicago-based company provides two-way liquidity in bitcoin and other digital currencies for high net worth individuals and enterprises.	1992	brokerage fee included in agreed price	advisory	6,112	yes	4
jump trading	chicago-based jump trading is one of the newer entrants in the growing bitcoin OTC brokerage market. The brokerage firm has developed a dashboard for its users that enables investors to traders to interact with jump trading’s OTC desk using a secured connection, which alleviates the reliance on third-party messaging platforms. Its OTC brokerage business executes over $2 billion worth of digital assets each month.	1999	brokerage fee included in agreed price	advisory	568	yes	3.5
kraken OTC	san francisco-based digital asset exchange kraken launched an OTC trading service in 2018 to enable its professional customers to engage in off-exchange transactions. Additionally, the exchange's OTC trading service includes market analysis, 1-to-1 service, full asset support, and 24/7 global coverage. Minimum transaction size is $100,000.	2011	brokerage fee included in agreed price	full-service digital asset exchange, market analysis, 24/7 global coverage	376,000	no	3.5
B2C2	london-based B2C2 has been trading since 2015, providing liquidity for large transactions to both individuals and institutions. The minimal settlement amount is $50,000. Clients are able to take advantage of post-trade settlement, allowing them to initiate a trade without depositing any cash. Clients are able to trade gold for bitcoin as well, with a minimum trade size of one ounce.	2015	brokerage fee included in agreed price	advisory	906	yes	3.5
XBTO	new york-based XBTO has been providing OTC liquidity since it was founded in 2015. It conducted the first-ever block trade of bakkt bitcoin futures contracts. XBTO is also involved in crypto mining, using renewable energy to power its operation. In addition to OTC trading, XBTO also provides clearinghouse services via stablehouse.Io for stablecoins.	2015	brokerage fee included in agreed price	asset management, venture capital, crypto-mining, consulting services	495	yes	3.5
bitstocks	london-based bitstocks was launched in 2016 to provide bitcoin liquidity to high net worth individuals as well as institutional investors. The company requires you to make a minimum deposit of £5,000 ($6,500) and offers both an OTC brokerage services and an advisory service. For OTC trades, the company’s commission is built into the execution price, similarly to the way genesis global trading handles it. If you want to also benefit from the brokerage’s advisory services, however, you will have to pay a 25 percent performance fee on the profit you make on your trades.	2014	brokerage fee included in agreed price, 25% of profit on "advisory" trades	advisory & research	1,867	no	3
octagon strategy	hong kong-based octagon strategy is an OTC broker, run by former head of electronic trading at morgan stanley and macquaire, wayne trench, that claims to be asia's largest digital asset broker. Minimum trade size is $100,000, and there is no maximum.	2016	"small" transaction fee upon execution	RFQ/API, market making, bespoke services	1,145	no	2.5

Should you buy bitcoin using an OTC broker?

Investors who want to reap the benefits of OTC bitcoin brokers should first check the balance in their bank accounts before picking up the phone. Brokers require a certain level of cash or volume to justify the investment. Single exchanges, no matter the size, lack the liquidity necessary to fill massive order blocks.

Exchanges fulfill the needs of the typical investor in the vast majority of cases. They offer hundreds of altcoins with different asset pairings, margin trading, automated investing, stop/limit market orders, and, most importantly, investors can purchase fractional shares of coins.

Answering one simple question will, in most cases, reveal whether or not an investor should pursue OTC bitcoin brokerage trades: does your total purchase amount exceed the limits of traditional digital asset exchanges? If so, then you are better off trading with an OTC broker.

Related articles

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Bitcoin day trading 2021 – tutorial and brokers

Bitcoin day trading has seen a huge surge. With plenty of volatility and price movements, it’s an ideal day trading market with huge trading volume per day. This page will help you learn bitcoin trading, outline bitcoin strategies and tips, plus highlight why a day trader looking for profit should delve into the BTC world.

Use the broker list to compare the best bitcoin brokers 2021 and learn how to trade bitcoin.

Note that traders based in the united kingdom can no longer trade cryptocurrency via cfds. Regulatory changes took effect in january 2021 to prohibit speculation on crypto prices via leveraged products such as cfds.

Traders can still buy cryptocurrency directly on exchanges as this is provided without leverage.

Bitcoin brokers in the united kingdom

Bitcoin chart

What is bitcoin?

Bitcoin is part of the emerging cryptocurrency market. Whilst cash is made of paper, bitcoins are basically clumps of data. Scrapping the bank or governmental middle man that act as an intermediary for your money, cryptocurrencies enable the transfer of money directly between individuals, utilising secure blockchain technology.

The blockchain is a secure ledger of transactions. Digital coins can be mined by processing complex mathematical algorithms.

The blockchain network records each transaction, securing the entire process – but crucially – speeding it up. Charges are made per transaction.

Bitcoin was the first cryptocurrency to utilise the technology, and subsequent growing pains have led to ‘forks’ in the process. This resulted in the introduction of bitcoin cash. Other currencies then tried to improve the process, both in terms of speed, but also, costs and energy requirements. Ripple, ethereum and litecoin all claim to be superior to bitcoin.

The vast wealth of bitcoins are held in the hands of a few, so bitcoin is bought in fractions as low as one-hundredth of a million, which equates to just less than one-tenth of a cent currently.

This means anyone can dabble and explains the boom in bitcoin trading volume per day.

The current cryptocurrency market is estimated to be worth around $148 billion, but analysts believe that figure could climb to a staggering $1 trillion by 2019. This makes day trading bitcoin an appealing proposition.

Bitcoin makes up half of the cryptocurrency market and roger ver, bitcoins CEO, believes ‘it’s the dawn of a better, more free world’. Whilst that remains to be seen, it does have certain attributes that make it tempting for those looking to make money day trading bitcoin.

Why day trade bitcoin?

Never a dull moment – with swings of over 10% in a matter of hours, this volatile market should give you the chance to find traceable action, and a potential profit for a savvy bitcoin day trader. Put simply – it’s an exciting market to day trade in. So unless you hand over your trust to a day trading bitcoin bot, you’ll have fun glued to the screen.

Ideal for those comfortable with forex – you don’t need to understand the complex technical world of cryptocurrencies and bitcoin. It’s basically a currency, enabling you to apply the same thought processes when you’re day trading bitcoin as you would when you’re day trading forex.

Potential for leveraged trading – some bitcoin exchanges offer leveraged trading, which could give you greater exposure to upside and downside price risk than your trading budget may normally allow.

Universal access – you can start day trading bitcoins anywhere on the planet, 24 hours a day, 7 days a week, 365 days a year. You simply need an internet connection. Plus, because you’re day trading you don’t need to have a long term view about whether cryptocurrencies will succeed. In addition, whilst the stock market can be a pricey place for normal investors, with facebook and apple shares costing around £110 per share, you can dive into the cryptocurrency market with just a dollars or pounds.

Low day trading bitcoin fees and taxes – compared to many traditional exchanges, bitcoin focused exchanges offer low fees and minimums.

Go long or short – each day is different, you can be bullish and bearish the same week.

Bitcoin wallet

To actually own bitcoin (rather than speculate on the price), you need a digital wallet to store your cryptocurrency. There are a whole range of wallet providers out there, but we like coinbase. It offers higher levels of security than most and is backed by large, regulated brokers.

What you’ll need to start trading

So you want to make money day trading bitcoin? Now you understand why to trade and what you’re trading, but here’s a bit more detail on the how – it’s a “trading bitcoin for beginners” step by step guide:

How to trade bitcoin step 1 – find out the price

One of the first things you’ll need to know is what the price is. To do that you’ll need to head over to an index or broker to see the latest traded value. You can also use orders – open orders or limit orders – to enter the market at the point you want to.

Step 2 – pick a broker

One of the biggest decisions you’ll have to make is which exchange or broker to deposit funds with. Day trading bitcoin on bitmex or coinbase has become particularly popular in recent years. However, there are other choices too, including:

Bitfinex

Bitstamp

Kraken

BTC-e

GDAX

Luno

Away from the direct exchanges, there are also brokers that will allow you to trade the underlying asset of bitcoin, without actually owning it. It can for example, be traded within a forex pair against the US dollar. Other brokers, such as IQ option, will also allow you to speculate on bitcoin via cfds or spread bets. Our broker table will show which firms offer one-click trading of bitcoin.

Step 3 – capital

Before you can make money day trading bitcoin you’ll need some capital to start with. The internet is packed full of warnings about losing all your money so let’s keep this brief.

Whilst you find your feet, using a small amount is advisable. It’s also worth highlighting that you should never trade more than you’re willing to lose. Be strict and regimented with what you can and can’t afford to lose, and you’ll never need to worry about losing out to the cryptocurrency market.

Useful tip – if you’re using credit cards, you may get charged up to 3.99%, so keep an eye out for credit cards that offer 3% cash back so you can negate part of the cost.

Step 4 – bitcoin strategies

Rodger federer doesn’t step onto the tennis court without a clear trading strategy, and you shouldn’t start day trading bitcoin without one either. Some people seek the assistance of a bitcoin day trading bot, others rely on their own technical analysis and judgement.

Nearly all bitcoin day trading tutorials will suggest you utilise price charts and have an effective money management strategy. This will help you keep losses at a minimum and profits high.

Reading the charts

Whilst you will find an abundance of line and bar charts, don’t make them your bread and butter. Candlestick charts offer you the most information in the smallest amount of space. From them you can learn several essential bits of information:

What was the price when it opened and closed.

How high the price got during the time frame, as well as how low it dropped.

If the candlestick is green, then you know the price closed higher than when it opened.

When it’s red, it tells you it closed lower than when it opened.

If the chart is mostly green and heading upwards, you’re in an upwards trend.

You know if the chart is mostly red, you’re in a downwards trend.

When using your chart ensure you have the right timeframe settings. For day trading bitcoins you want charts that are between 1-30 minutes.

If you want to make money day trading bitcoin you’ll need to get familiar with candlesticks and their indicators (see example below). It isn’t uncommon for bitcoin to fall into a repetitive trend for months on end. If three of the last four candlesticks have been red, then there’s a good chance it’s going to carry on heading that way, unless the RSI suggests it’s been seriously oversold.

On balance volume indicator

Whether you were day trading bitcoin in 2015, or day trading it now in 2017, consider using the on balance volume (OBV) indicator. It utilises an intelligent combination of price and volume activity to tell you what is the total money flowing in and out of the market currently.

How do you apply it to bitcoin? If bitcoin trading is on the rise whilst the OBV trading is heading south, then you know people are selling into this rally, however a move to the upside would not be sustainable. The same logic can be applied in reverse.

Another one of our top tips – it is imperative you utilise multiple news sources. Bitcoin value is extremely reliant on public perception, so news events can trigger spikes. Some of the most useful and user friendly news sources out there are:

Cryptocoinsnews

Bitcoin magazine

Coindesk

The street

Coin telegraph

Business insider

Brave new coin

CNBC

When it comes to useful bitcoin day trading tips, many suggest that if there is zero negative news about bitcoin and cryptocurrencies in general, then it could well be the right time to sell. On the flip side, if there’s positive news then it could be time to buy.

Use this is a broad guide for day trading bitcoin and you’ll avoid some pitfalls and utilise some opportunities, hopefully making for a substantial bitcoin day trading profit.

Risks

Trading bitcoin for beginners introduces numerous risks – traders must be aware of them before putting money on the line. Learning bitcoin trading can involve expensive mistakes, so this list of risks with hopefully offer new traders some tips to avoid the pitfalls:

Regulation – bitcoins and cryptocurrencies are relatively new, making their future somewhat uncertain. People don’t know how governments will react further down the line and how stringent regulations will be. Could regulations cripple the market entirely?

Dangers of volatility – bitcoin is the most volatile of all assets, including the stock and gold markets. Whilst volatility brings with it opportunity to day trade bitcoin for a profit, it also brings with it doubt and unpredictability. For example, in june 2017 bitcoin was being traded at $2,983. It then lost 30% in value and crashed down to $1,992, only to climb up to $4,764 in september, boasting a 139% gain. You must ensure your bitcoin day trading strategies take into account the uncertainty.

Exchange risk – whilst your bitcoins can’t disappear, the transactions you do are permanent and only the recipient can refund them. This means you must only do business with those you either know, trust or are widely reputable.

Payments / charges – if buying and selling bitcoin directly, transactions costs can vary wildly. This can be a wider complaint with the concept as a whole, but for intraday traders making multiple trades, it is a significant risk. Cfds and binary options (or any derivative) can mitigate this risk.

Margin trading – derivates can often be traded on margin. While this can increase profit potential, it also increases the risk. Losses can exceed deposits when trading on margin.

Last words

The cryptocurrency market and bitcoin, in particular, are an exciting market for the aspiring day trader. Whilst there is understandable uncertainty, fortune favours the brave, and with these day trading bitcoin tips at your disposal, there’s serious potential profit to be made. Demo accounts offer a risk free way to learn how to trade bitcoin.

Bitcoin investing: compare accounts for buying & selling bitcoin

Use our comparison table of bitcoin accounts to compare costs and the different ways to buy and sell bitcoin. Please note: investing in bitcoin and other cryptocurrencies is very high risk and not regulated by the FCA. There is a very high chance you may lose all your money.

How to choose an account for investing in bitcoin

Here are three tips and things to consider when deciding which provider to buy bitcoin through:

Look for a regulated provider who also offers bitcoin

Even though bitcoin is an unregulated digital currency, many providers that offer bitcoin investing are regulated by the FCA for other things such as stocks, bonds, bank accounts and trading. By choosing a bitcoin account that is attached to a regulated entity, you will be dealing with a provider who is responsible for treating clients fairly (although not directly for cryptocurrency investing).

Compare the costs of investing in bitcoin

The costs of investing in bitcoin can vary dramatically. The key things to consider are:

Bitcoin commission- some bitcoin accounts will charge a fee when you buy and sell bitcoin on their platform.

Bitcoin currency exchange fees- if you are buying bitcoin against the USD (BTCUSD) but depositing GBP into your bitcoin wallet, there will be a fee for converting the GBP into USD. It is possible with some exchanges to buy bitcoin against GBP where you do not need to convert fiat currencies.

Bitcoin price spread- this is the difference between the buy and sell prices. As with investing in stocks, there is always a spread between where people are prepared to buy and people are prepared to sell. The bitcoin spread varies, depending on how active the market is (liquidity) and how much the price is moving (volatility), as well as which bitcoin platform you are investing through.

Understand the risks involved in investing in bitcoin

Before you start investing in bitcoin, decide if you should be investing in bitcoin. The major risks of investing in bitcoin are:

Sudden price moves- the price of bitcoin can drop and rise quickly and for no apparent reason.

High investment costs- compared to investing in stocks, it is still expensive to buy and sell bitcoin.

Bitcoin scams- there are lots of scammers using fake bitcoin ads to scam potential bitcoin investors, so always research bitcoin accounts before investing.

How do you invest in bitcoin?

The world's most famous crypto-currency is an obvious target for investors and traders due to its history of rapid gains and falls in value. This volatility makes it both very risky and potentially very lucrative as an investment.

How to get started investing in bitcoin

If you are buying bitcoins, then you will require a bitcoin address. This is a code to which the bitcoins that you buy will be allocated. You can acquire an address by downloading a bitcoin client to your computer or setting up an online wallet.

What to avoid when you start investing in bitcoin

When using cfds or placing spread bets, it is possible to lose more than your initial stake. This will be amplified if you use leverage. Don't risk more money than you can afford to lose when you take a position. Placing stop loss orders, which automatically close down your position when bitcoin hits a particular value, are an essential way to limit the risk that you face.

What to look for when choosing an account to buy bitcoin in

The various bitcoin exchanges and CFD/spread-betting companies have different fee structures for their services. Make sure that you're not being overcharged and that the trading platform on offer is to your liking. As with any investment, the more you know about factors that will impact the price of bitcoin, the more likely you are to profit.

To invest in bitcoin, you need a bitcoin wallet or account. You can compare bitcoin accounts with our bitcoin account comparison table.

Bitcoin FAQ:

Here are some of the most frequently asked questions people ask before they invest in bitcoin:

What is bitcoin?

Bitcoin is a digital currency. It was launched in 2009, can be mined, bought and sold against many fiat currencies, and is the largest cryptocurrency by market capitalisation.

How much is bitcoin worth?

The price of bitcoin moves all the time and is priced most commonly against the USD. See our bitcoin price chart for the current price.

How does bitcoin work?

Bitcoin works as a digital currency where a record of all transactions are kept on the block chain. Each bitcoin is stored in a digital wallet where it can be spent or sent.

How to get bitcoins

There are two ways to get bitcoin. You can either mine them or buy them through a bitcoin exchange platform.

Is bitcoin safe?

This is undermined yet and the safety of bitcoin is one of the major risks of investing in bitcoin.

Is bitcoin regulated by the FCA?

No, bitcoin is not regulated by the FCA. However, there are FCA-regulated providers that also offer options for buying and selling bitcoin.

Are bitcoin adverts real?

From peter jones to PSY, new scam adverts advertising get-rich-quick bitcoin schemes are flooding the internet. Despite a global ban from google on non-regulated brokers advertising derivatives products, they are still getting through. Amazingly, you see them in the header of the dailymail and other mainstream media websites. Martin lewis, the money-saving-guru from money saving expert, recently sued facebook because they failed to stop scammers using his image in scam ads for get-rich-quick bitcoin schemes. Martin lewis settled with facebook for a £3m charitable donation in the end.

Is bitcoin a scam?

If you see an advert for bitcoin investing, it may well be a scam as google and facebook have banned cryptocurrency advertising. If it looks like a scam, it's a scam. And always check the FCA register for any broker you deal with.

Keep in mind too though that the scammers make clone websites of real brokerages to scam you. So, double and triple-check any broker before sending money. A quick google search can save you from becoming a victim.

How to make money with bitcoin

It is possible to make money investing in bitcoin in the same respect that it is possible to make money investing in high-risk stocks. If you buy low, sell high, you will make money. But unlike investing in stocks where a company generates revenue and profits, bitcoin has no underlying value so it is also possible to lose money very quickly by investing in bitcoin.

Where to buy bitcoin

For more information on where to buy bitcoin, read our guide to choosing a bitcoin account.

Is bitcoin legal?

How to use bitcoin

Bitcoin is becoming more usable every day. Some online merchants accept it as payment and recently, paypal announced that it would accept bitcoin as a payment source.

Is bitcoin a good investment?

Whether or not bitcoin is a good investment is relative to your investment objectives. It is a very high-risk investment.

How to sell bitcoin

When you choose a bitcoin account, make sure there is also the option to sell the bitcoin on it as well.

Where can you get bitcoin investing ideas?

Never believe anyone who says they can make you rich or adopt trading as a career if you are a complete beginner. However, if you do want trading ideas, you can find news and analysis on bitcoin here:

Bloomberg

Reuters

Tradingview provides excellent crypto charts and lots of users post trading ideas.

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Disclaimer

The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.

RISK WARNING

ALL INVESTING INVOLVES RISK. Investing, derivatives, spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
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press & media

Broker touts exotic bitcoin bet to wring income from crypto

As cryptocurrency pushes into mainstream finance and attracts billionaire tycoons, one U.K. Brokerage is offering the merely wealthy a potentially safer way to play bitcoin. The price: giving up any hope of the kind of stratospheric gains the digital coin is famous for.

London-based marex spectron group ltd. Is selling a structured product known as an autocallable to people with at least $200,000 to invest, according to a term sheet. If the cryptocurrency stays relatively stable for awhile, marex claims investors could reap an annualized return of as much as 70% via monthly coupons.

If bitcoin keeps multiplying in value, autocallable investors don’t get to participate in that upside: they’ll just get their capital back early, plus their coupons. And if bitcoin crashes again -- as it did three years ago -- investors would lose, but less than they would by trading bitcoin directly.

“the idea that you want to sell out all the upside in order to get a coupon and 30% downside protection seems pretty unintuitive -- but these kind of structures in general are wildly popular,” said benn eifert, chief investment officer of hedge fund QVR advisors . “I imagine they’ll find demand.”

Marex solutions began marketing the autocallables this week, according to nilesh jethwa, who heads the division. Marex spectron, which is active in the commodity and energy markets, is owned by JRJ group, the private-equity firm of former lehman brothers bankers jeremy isaacs and roger nagioff.

“bitcoin is becoming mainstream,” said jethwa. The marex product is reserved for professional investors and is being distributed via private banks and family offices.

The popular autocallable structure gained notoriety about two years ago when natixis SA lost $200 million on the products in korea after mismanaging the risks of equity market turmoil. Still, the products are a mainstay of the structured products universe, and attract retail investors, especially in asia, who have large piles of savings and seek regular income.

Bitcoin surpassed $40,000 for the first time on thursday before falling to $38,685 at 8:30 a.M. Friday in london. It has more than quadrupled in the past year, with prominent money managers like guggenheim investments’ scott minerd predicting the gains have just started.

That kind of return far exceeds what marex’s autocallable can provide. But that’s a reasonable trade-off for the reduced downside, jethwa said.

“we are transforming the risk from a speculative investment,” he said. “investors can decide how much appetite they have for a crash and the yield they want.”

The development highlights how bitcoin’s months-long rally is luring new investors far from its roots in the tech community, day-traders and people of an ideological bent that sought an alternative to conventional currency. Last year, the chicago mercantile exchange started offering options contracts on bitcoin futures.

Hedge funders like alan howard are becoming involved in an asset class that was once too fringe for the mainstream, betting that crypto is a gold-like hedge against pandemic-driven loose fiscal and monetary policy debasing fiat currencies.

”the reason to own bitcoin is because things like this can always go up a lot more than they can go down,” QVR’s eifert said. “they’re quite unlikely to remain stable over any material period of time.”

— with assistance by donal griffin

so, let's see, what we have: compare the best cryptocurrency brokers. Start trading bitcoin (BTC), bitcoin cash (BCH) ethereum and other coins. Choose safe and legit crypto brokers. At bitcoin brokerage firms