To use chat, please login.
Back to contacts

Reasons why you should NOT trade cryptocurrencies

kacper5
Aug 22 2018 at 05:23
10 Beiträge
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!

Still there are some brokers who are offering leverage up to 5X on cryptos.

Pipperidge
Aug 22 2018 at 06:51
13 Beiträge
kacper5 posted:
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!

Still there are some brokers who are offering leverage up to 5X on cryptos.

Those are either not located in the EU, or they are unregulated.
I wouldn't trust an unregulated broker, or one regulated on some vacation island like Vanuatu, St Vincent and the Grenadines...

fastdrive55 (fastdrive55)
Aug 22 2018 at 08:51
100 Beiträge
The regulated ones on 'vacation islands' I am using for a long time on Forex. Never had an issue - BUT wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.

You haven't been around lately.
LeadPellet
Aug 23 2018 at 06:19
11 Beiträge
Brokers on 'vacation islands' are probably fine 90% of the time but the problem is if something goes wrong and they go bankrupt or there is a black swan event. Then you are screwed

Bohdan73 (Bohdan73)
Aug 23 2018 at 06:52
51 Beiträge
fastdrive55 posted:
... wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.

So, how do you solve the issue?
A third-party payment provider?

Trade with determination!
togr (togr)
Aug 23 2018 at 10:55
4862 Beiträge
fastdrive55 posted:
The regulated ones on 'vacation islands' I am using for a long time on Forex. Never had an issue - BUT wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.

USA regulation sucks
European is getting closer

jamesgwyther
Aug 24 2018 at 06:11
289 Beiträge
kacper5 posted:
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!

Still there are some brokers who are offering leverage up to 5X on cryptos.



You can get 100/1 leverage at Hugosway on Crypto.

jamesgwyther
Aug 24 2018 at 06:11
289 Beiträge
Crypto Trading is good but very very volatile!
I have won lots and lost lots with this.

estraub
Sep 02 2018 at 06:40
23 Beiträge
jamesgwyther posted:
kacper5 posted:
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!

Still there are some brokers who are offering leverage up to 5X on cryptos.



You can get 100/1 leverage at Hugosway on Crypto.

Where are they regulated?

pmichael
Sep 02 2018 at 07:10
10 Beiträge
jamesgwyther posted:
Crypto Trading is good but very very volatile!
I have won lots and lost lots with this.

Higher the volatility higher the risk but you also have opportunity to make high profits.

Um Kommentare abgeben zu können müssen Sie sich einloggen.