Q. Is it possible to trade forex with bitcoin?
Is it possible to trade forex with bitcoin?
It is a relatively new concept, but yes, it is possible.
Typically accessing traditional investment markets, in forex, stocks, commodities, etc. is a fairly rigorous process via standard brokers. However, due to the fact that Bitcoin is decentralized and is not regulated, it is significantly easier to participate in these renowned asset classes while maintaining anonymity via a bitcoin-based broker
Today, there are a decent number of forex exchanges that also feature some of the major crypto markets, but there are very few crypto exchanges that offer access to forex. Currently, PrimeXBT is easily the best trading platform to provide this opportunity.
By featuring the world’s most popular traditional and digital assets in one place, in addition to the highest leverage across all assets, PrimeXBT an ideal trading platform for effective portfolio diversification and utilizing advanced strategies, like hedging, margin, and shorting, etc.
The asset and leverage options for trading are:
Forex with up to 1,000x leverage - AUD/CAD, AUD/CHF, AUD/JPY, AUD/USD, EUR/USD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/AUD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
Commodities with up to 500x leverage - Silver (XAG/USD), Gold (XAU/USD), & CRUDE (oil).
Stock indices CFDs with up to 100x leverage - GER30, SP500, NASDAQ, HK-HSI, AUS200, JAPAN, NAT.GAS, and UK100.
Cryptocurrency with up to 100x leverage - BTC/USD, ETH/USD, LTC/USD, EOS/USD, and XRP/USD.
There is no KYC to open an account and deposits can be made directly with BTC (at no fee) or via 130+ altcoins or debit/credit card via an inbuilt Changelly conversion feature.
answered by paulos
Asked in CategoryBitcoin
One among the 700 other, is the bitcoin, which was the first ever of its type. Bitcoin is a form of cryptocurrency that is not regulated by the government. Cryptocurrency is a market that is nearly a decade old and in its early stage. There can be many benefits of using a cryptocurrency but along with that comes the risk involved, that one must not forget to consider. It is believed, "like the internet, bitcoin will change the way people interact and do business around the world".
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