DynScaling
Member Since Jul 18, 2011
10 posts
May 26 2020 at 17:09
I agree at about 200B USD market cap, BTC is not too big but not too tiny either, offering VERY interesting fluctuations and dynamics for trading.
Now regarding trading crypto as CFD and getting big spreads, low leverages, huge swap rates, horrible conversion rates from BTC back to USD and other disadvantages of traditional FX brokers:
I used to expect my excellent FX broker to offer me good trading conditions and account environment to trade crypto, but was gettting the bad conditions mentioned above. It is not the broker's fault, it's just it's not their line of business. My solution was to switch to specialized crypto exchanges. I have accounts in two of these, one is a very well known and does not offer FIAT money conversion. The other one is UK-regulated, does not have huge liquidity in the order books, but I can use for SWIFT and SEPA transfer to my bank accounts.
Additional interesting note is that my FX broker converts USD to USDT, costing about 1% which is reasonable enough (while BTC USD conversion is about 5%!). Again, FX brokers are meant for FX. The same goes for crypto exchanges.
I hope this help. Once I accepted this, everything became cost-efficient on all sides.
Now regarding trading crypto as CFD and getting big spreads, low leverages, huge swap rates, horrible conversion rates from BTC back to USD and other disadvantages of traditional FX brokers:
I used to expect my excellent FX broker to offer me good trading conditions and account environment to trade crypto, but was gettting the bad conditions mentioned above. It is not the broker's fault, it's just it's not their line of business. My solution was to switch to specialized crypto exchanges. I have accounts in two of these, one is a very well known and does not offer FIAT money conversion. The other one is UK-regulated, does not have huge liquidity in the order books, but I can use for SWIFT and SEPA transfer to my bank accounts.
Additional interesting note is that my FX broker converts USD to USDT, costing about 1% which is reasonable enough (while BTC USD conversion is about 5%!). Again, FX brokers are meant for FX. The same goes for crypto exchanges.
I hope this help. Once I accepted this, everything became cost-efficient on all sides.
Muhammed4453e
Member Since Apr 02, 2020
2 posts
May 28 2020 at 08:43
Traders should choose a broker wisely.
I have been trading cryptocurrency for a long time, and I like it.
This is a very important aspect in trading, which should be studied in detail, because your financial well-being depends on it. That is why you must also adapt it to your strategy, so that you understand exactly when and under what circumstances you can use this or that amount.
Saithirana
Member Since Dec 25, 2019
20 posts
May 30 2020 at 17:24
I think almost all companies are offering it now, so it doesn't look like a problem at all.
At the moment, the broker Amarkets really takes a leading position and has a huge, good reputation.
I think these assets deserve the most attention today, so it is quite profitable to find a company that specializes in this. But you should definitely figure out how you're going to use it in the market, because there are a lot of features here, too.
Today, many traders tend to invest in cryptocurrencies
ONE BITCOIN COST - ONE BITCOIN
marco_mmbiz
Member Since Jul 20, 2019
368 posts
Jun 09 2020 at 15:23
Instead of trading cryptos I'd recommend buying them and sending them onto a safe wallet. But yeah, nearly all forex/CFD brokers are offering the trading with cryptocurrencies, just use your preferred forex/CFD broker.
patience is the key
A lot of brokers are available in the market where you can trade cryptocurrency. Always choose a reliable and trusted broker with good reputation in the market.
All the crypto brokers (for actual crypto) have really bad reviews and the spread is astronomical. I prefer CFD with Forex broker
Today it can be said that Amarkets is indeed considered one of the best brokers due to the fact that it has won the trust of its customers.
Willemcurtis
Member Since Jun 22, 2020
26 posts
Jun 25 2020 at 12:00
A lot of people these days show interest in investing in cryptocurrencies, but understanding the level of market complexity is possess is way too difficult. Make sure you always look for the experienced and trusted brokers in order to take a safe step into cryptocurrency trading, ensuring that you stay safe from any scam.
SofieAndreasen
Member Since Jul 23, 2020
759 posts
Sep 18 2020 at 15:45
maria_taylor posted:Regulated with top tier regulator like ASIC, FCA etc is best to choose reliable broker. If anything goes wrong you can complain through regulator. regulator will take action regarding this kind of mater.
Would you like to recommend any reliable Crypto Forex broker?
EbonyJones
Member Since Jul 20, 2020
232 posts
Oct 11 2020 at 19:16
If you want to make a good and profitable trading career you need to choose a good and regulated broker from this market. You can visit those websites that provide broker reviews on their sites.
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