Q. Is it possible to trade forex with bitcoin?
1 Answer
It is a relatively new concept, but yes, it is possible.
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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
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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.
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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.
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The asset and leverage options for trading are:
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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.
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Commodities with up to 500x leverage - Silver (XAG/USD), Gold (XAU/USD), & CRUDE (oil).
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Stock indices CFDs with up to 100x leverage - GER30, SP500, NASDAQ, HK-HSI, AUS200, JAPAN, NAT.GAS, and UK100.
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Cryptocurrency with up to 100x leverage - BTC/USD, ETH/USD, LTC/USD, EOS/USD, and XRP/USD.
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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