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Anyone Using Bitcoin Brokers?
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Xitradez

Member Since Jan 03, 2017  1 posts Xii Chan (Xitradez) Apr 20 2017 at 10:46
Hey guys, I've searched forums and googled for FX Brokers that allow deposits and withdrawals for Bitcoin, but I haven't really come across people who are using them . So I'd just like to know if any of myfxbook guys are withdrawing Bitcoin from brokers and which one is currently providing you a good service? I may just have to go with one from a list from a different forum, however I'd be more likely to consider deciding from others who have had experience and no major issues to date. Thanks in advance

mlawson71

Member Since Dec 11, 2015  1324 posts mlawson71 Apr 24 2017 at 11:25
If you’re interested in Bitcoin I strongly recommend staying away from OneCoin, they’re an international scam that has been investigated and warned about by regulators and law enforcement all over the world. (https://smnweekly.com/tag/onecoin/) There have been warnings and investigations in the UK, Latvia, Hungary, Belgium, Malta, Germany and others.

johnsal

Member Since Apr 24, 2017  4 posts John Manu Salas (johnsal) Apr 27 2017 at 09:58
Not really, but bitcoin brokers have started becoming popular now...

BarryMoore

Member Since Mar 17, 2017  10 posts BarryMoore Apr 27 2017 at 12:17
I'm too scarred of Bitcoin trading. Way too volatile for me .

mlawson71

Member Since Dec 11, 2015  1324 posts mlawson71 May 26 2017 at 06:38
An update on the OneCoin fraud - after the German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order against the OneCoin MLM scam, state criminal police prosecutors from the North Rhine-Westphalia and local investigators of the city of Bielefeld, have opened an investigation. (https://smnweekly.com/2017/05/11/german-prosecution-launches-fraud-probe-into-onecoin-as-hungary-sets-up-task-force/) Meanwhile, the Hungarian c-bank Magyar Nemzeti Bank (MNB), has set up a task force to take “joint actions against certain elements of the alleged pyramid scheme OneCoin virtual currency”.

TiffanyK

Member Since Feb 12, 2016  306 posts Tiffany (TiffanyK) May 28 2017 at 07:35
I read a lot about Bitcoin trading in the past few months – it is like a new “trend” in trading. Becoming more popular each and every day. But I’ve never seen something written about withdrawals with Bitcoins. Is this really possible? I mean the broker should have lots of Bitcoins at first place and maybe there will be a period when you can’t withdraw (right after you deposit Bitcoins). Please share your thoughts :)

Accept the loss as experience
xgavinc

Member Since May 11, 2011  234 posts xgavinc May 29 2017 at 11:10
Bitcoin is traded as CFD, so as far as I understand it you aren't trading physical Bitcoins, only price and the broker takes the other side of the contract. I traded Bitcoins with my previous broker, my current broker doesn't offer Bitcoin (or any other encryption currency) trading yet.

For every loss there should be at least an equal and opposite profit.
mlawson71

Member Since Dec 11, 2015  1324 posts mlawson71 Jun 02 2017 at 04:47
While most of the world is jumping on the bitcoin bandwagon – Japan even started accepting bitcoin as a regular currency – some countries are doing their best to ban bitcoin and other cryptocurrencies.

The Bolivian financial system supervisor, the ASFI, said local authorities have arrested 60 people who who were “presumably conducting training related to the investment in virtual currencies”. According to the statement, the offenders were apprehended last week by the a criminal special forces unit, while they “were carrying out training activities related to the investment of money with characteristics of multilevel activities” in a cinema hall in the city of Santa Cruz de la Sierra. (https://smnweekly.com/2017/05/30/bolivian-authorities-arrest-60-cryptocurrency-promoters/)

You can’t stop progress, in my opinion.

TiffanyK

Member Since Feb 12, 2016  306 posts Tiffany (TiffanyK) Jun 08 2017 at 15:30
Is this real? Right now in Japan you can use Bitcoins as a second currency like the Japanese Yen? Wow... Hard to believe this.
My broker recently launched CFDs on BTCUSD and BTCEUR pairs. So I will look more onto this in the future.

Accept the loss as experience
Barrowness

Member Since Apr 17, 2017  6 posts Barrowness Jun 15 2017 at 10:14
That's crazt. I see bitcoin as a speculative product rather than an actual currency

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