Any crypto traders in the house?

Hi All,

I wanted to know if someone here is trading crypto. If so, do you prefer trading with a forex broker or directly with the exchange? I'm not too sure which route to go. I think trading with my broker is much simpler than going to the exchanges but is more likely pricier. What do you think?

Looks like they finally added a new room for crypto threads, awesome!
Yes I trade cryptos and forex a fair bit. I don't think there is a correct answer tbh as we all have different preferences, requirements, etc. MT4 is the easiest, simple straight forward for sure. Exchanges will give you more coins available (which is not always a good thing having so much choice). Best to experiment and see what you like

Trading an instrument with a broker is easier but that also depends on you. You can check trading with both of them until you find an option that works for you.

You will surely find some crypto traders here. You can either trade with a broker or go to an exchange.

I trade indices but want to migrate my account soon. Anyone can reccomend any bots for it?

Bots for indexes or bots for trading on two accounts?

I think both market have different characters, so each one is preffered but not a must

crypto is very different to FX. spreads too large to trade in and out

i accept the spread is large but cryto is much volatile enough to hit out TP even we have 10 pip spread. lol !!

- Trading with a broker is always simple. They will also provide you with great support.

RamboForex posted:
Hi All,

I wanted to know if someone here is trading crypto. If so, do you prefer trading with a forex broker or directly with the exchange? I'm not too sure which route to go. I think trading with my broker is much simpler than going to the exchanges but is more likely pricier. What do you think?

Personally I prefer to use brokers for day and intraday trading, but for HODLing and for the smaller coins, then I go for the exchanges.

Smith2525 posted:

RamboForex posted:
Hi All,

I wanted to know if someone here is trading crypto. If so, do you prefer trading with a forex broker or directly with the exchange? I'm not too sure which route to go. I think trading with my broker is much simpler than going to the exchanges but is more likely pricier. What do you think?

Personally I prefer to use brokers for day and intraday trading, but for HODLing and for the smaller coins, then I go for the exchanges.

the same!
use binance for holding
but also i keep there fiat. EUR deposit has 3% per year as i undestood

Don't you think that crypto is a useless investment right now?

Forlorn posted:
Don't you think that crypto is a useless investment right now?

I have been trading on my account for 5 years and crypto was really popular at the beginning of my trading path. Remember the days when my friend bought some bitcoins for 1$ and lost the computer at the moment when bitcoin became 200 times expensive. Right now we have way more cryptocurrencies, so the bulk of the benefit from them is open only for the chosen ones. By saying the chosen ones, I mean that people who are at the top of the food chain of trading crypto. Just my assumption.🙃

I trade crypto from time to time! Currently do so through my broker because they have pretty low prices (compared to what else I've seen but then again I'm no expert) but it does seem to be a fairly lucrative option.

I prefer brokers. Exchanges are not bad but not for trading.

dormanFX posted:
Without proper knowledege, it will be very dangerous to trade in this market.

Yes absolutely right

I prefer crypto exchanges. There are many advantages when you use exchanges compared to forex brokers.
1. Trading costs are fixed and way smaller than forex brokers. For instance, the current fee for trading BTCBUSD future contract on Binance is 0.0170% for takes and -0.0100% (you receive the fee) for makers.
2. A big problem with forex brokers is the spread which is increased during high volatility. In the case of crypto exchanges, the spread is almost inexistent.
3. Crypto exchanges have way more altcoins and products like options, volatility indices, stocks indices and some give you the options to participate in the early stage of crypto through launchpads.
If you are interested in crypto exchanges here are the most popular exchanges: Binance, FTX and Bybit
You can read more about Binance here: https://fibitium.com/binance-review/
Or you can read about FTX here: https://fibitium.com/why-ftx-is-one-of-the-best-exchanges/

norman220 posted:
I prefer crypto exchanges. There are many advantages when you use exchanges compared to forex brokers.
1. Trading costs are fixed and way smaller than forex brokers. For instance, the current fee for trading BTCBUSD future contract on Binance is 0.0170% for takes and -0.0100% (you receive the fee) for makers.
2. A big problem with forex brokers is the spread which is increased during high volatility. In the case of crypto exchanges, the spread is almost inexistent.
3. Crypto exchanges have way more altcoins and products like options, volatility indices, stocks indices and some give you the options to participate in the early stage of crypto through launchpads.
If you are interested in crypto exchanges here are the most popular exchanges: Binance, FTX and Bybit
You can read more about Binance here: https://fibitium.com/binance-review/
Or you can read about FTX here: https://fibitium.com/why-ftx-is-one-of-the-best-exchanges/

May be but:
1. There`s even 0 commission brokers.
2. Judging my own experience with my broker i didn`t have such increased spreads even during the high volatility.
3. I also have a fair big variety for crypto pairs.
And as point 4 i can add the hacker attacks against the crypto exchanges. Sadly but some day you can lose all your funds there.