Regulated Bitcoin Option Brokers Trade Crypto Currency Safely

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Bitcoin Binary Option Brokers

Broker BTC Funding Minimum Deposit Max Return Total Assets Option Types Demo Account Jurisdiction Support Broker Site
No $10 95%* 500+
  • High/Low
  • One Touch
  • Dynamic
  • American
  • CFDs
Yes Global Email
Live Chat
24/7 Live Chat
Signup
Yes 0.025 BTC 90% 60
  • Forex CFD
  • 60 Second
  • One Touch
  • Ladder
Yes Seychelles Skype
Email
24/7 Live Chat
Signup

Are you looking to trade Bitcoin Options? Are you interested in finding a Crypto Options broker that will take Bitcoin deposits as well as pay you in Bitcoin?

These are some questions that we at the Trading Club get quite often from prospective members.

They are drawn to the allure of trading the crypto currency and handling their transactions safely and securely.

This is why we have decided to take a look at the current Binary Options landscape and locate the most reliable Crypto Options brokers.

In the below table, we have a number of Bitcoin Options brokers who are able to provide either Bitcoin as a tradable asset or a means to fund your account.

Why Bitcoin Options?

There are numerous reasons why people would want to trade Bitcoin Binary Options. One of the most obvious is the return that a trader can generate when trading the crypto currency.

As most Binary Options traders can tell you, there are a number of factors that impact on the price of a binary option. One of the biggest drivers of this is the volatility in the underlying asset.

Indeed, the more volatile the asset, the price swings in and out of the money and hence the more chance there is that the trader can make an outsized return on a trade.

For those who follow Bitcoin, they know how volatile it can be. From spiking above the price of gold in February 2020, to falling over $300 in the same day, it really is quite unique.

Although there are countless cases for making an investment in Bitcoin, this volatility is most beneficial to the trader. Taking an option with a relatively short time frame and close to the strike could yield tremendous gains.

Why are Bitcoins so Volatile?

Taking a look at the image below of the 30 day realised volatility of Bitcoin compared to that of the EUR/USD pair gives you a slight indication of just how volatile the crypto-currency is. In fact, there have been a number of occasions when it has breached the 15% standard deviation level.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Bitcoin is a volatile currency for a number of reasons. The first and most important is its status as a “safe haven” asset. Similar to gold, it swings wildly given any macroeconomic uncertainty. It is also seen as a dollar hedge. It is for this reason that Bitcoin will move excessively in times of macroeconomic instability.

Bitcoin is also a currency that is heavily traded by citizens of countries with strict exchange controls. Chief amoung these is China. China accounts for slightly more than 90% of the Bitcoin trading volume. Hence, Bitcoin is often tied to any movements that impact on the Chinese market such as announcements about Yuan restrictions etc.

Bitcoin is also volatile because of the limited supply of Bitcoin. Currently, the global supply of Bitcoin is approximately $20 billion. Compare this to the global supply of a currency like the US dollar of $3.8 trillion one can see that it is still minute. Moreover, no government or institution can impact on the total supply of Bitcoin on the market. This is because of reasons giving below. Due to this limited supply, Bitcoin is heavily driven by imbalances in supply and demand.

Funding an account with Bitcoin

Another benefit of Bitcoin is that you can choose to fund your Binary Option account with it. In fact, an increasing number of consumers and online retailers have decided to offer Bitcoin as a method of payment. This is due to a few factors.

Firstly, transacting with Bitcoin is relatively cheap compared to traditional payment processors. This is because there is no middle man or financial institution. Money is sent directly to the wallet of the seller. Another reason why Bitcoin is a favourable purchasing method is the relative security of the transaction. All of the transactions are recorded in the Blockchain and are hence public record.

For traders who want to fund their accounts with Bitcoin, it could also allow for a certain degree of anonymity. Given that defrauding a Bitcoin transaction can’t be done, brokers will not require a client to provide their identification documents. The client can therefore feel safe knowing that they will not have to hand over sensitive information.

Of course, this depends on the type of broker. Many brokers prefer to Know their Clients (KYC) as it is usually required for compliance reasons. In a similar fashion, if you were able to fund your account in Bitcoin, some may want to withdraw their funds in Bitcoin.

As is the case with funding, the transaction is usually quite effortless, fast, cheap and is recorded in the public blockchain.

What is a CryptoCurrency?

For those of you who are new to crypto currency, a limited introduction to the fundamentals underpinning a crypto currency such as Bitcoin is required. Quite simply, a crypto currency is a cryptographically signed record of a transaction in a public ledger. In the case of Bitcoin, the public ledger is called the “blockchain” and it contains all the records of Bitcoin transactions going back to the beginning of time.

In essence, this means that Bitcoin is not even a physical asset nor digital asset for that matter. It is a record of a transfer of value or transaction. Technically what is happening when you are sending some Bitcoin, the transaction is being broadcast to the Bitcoin network and being placed on the blockchain. In order for the transaction to be authenticated, it has to be digitally signed by computers on the network called “miners”.

Solving these transaction chains require the miners cracking mathematical functions or “proofs of work”. Once they have solved the mathematical function, they are rewarded with Bitcoin. Once your transaction has been logged onto the blockchain and authenticated, it remains there for eternity.

The real genius of Bitcoin is the security and money supply of the system. Given that all transactions are linked via the blockchain, no one can “fake” a transaction as it would be immediately void. Similarly, the difficulty of solving a Bitcoin transaction or “hash function” increases steadily with time. This implies that it becomes harder and harder to produce Bitcoin and hence limits supply.

It is for this reason that many people see it as a favourable alternative to Fiat currency. There is no central bank issuing authority and there is no bank required as an intermediary. Individuals can transact in a decentralised manner across the globe with relative ease.

What are Altcoins?

When it comes to crypto options and other cryptocurrencies, Bitcoin is usually the first coin that comes to mind. Yet, there are a range of other cryptocurrencies that either compete with or complement Bitcoin. These are called “Altcoins” or Alternative coins. They have grown in earnest over the past 4 years as more people have seen the success of Bticoin can have attempted to replicate it.

Some of these Altcoins are even decedents of Bitcoin that came via something called a hardfork. This is a technical term for a split the blockchain of a particular cryptocurrency. Currently, there are at least 5 different forks from Bitcoin that are Altcoins. Yet, these are a mere fraction of all the Altcoins that are available to trade.

There are hundreds of different crytpocurrencies that the option trader can trade and many more that are available only as a physical purchase. Below we will go over a list of some of the most well-known and traded Altcoins on the market.

Ethereum

One of the most notable and well known Altcoins is Ethereuem (Ether). This was a completely new cryptocurrency that was created in via an initial coin raise back in 2020 by the Ethereum foundation. Although Ethereuem was a cryptocurrency, it was fundamentally different from Bitcoin in a number of ways. It was developed not just to be a decentralised crytpocurrency but was developed in order to facilitate the creation of decentralised applications. These “Dapps” are built on the Ethereum blockchain and are run on this amorphous ethereum “virtual machine”. This is also the manner in which most of the new blockchain start-ups are raising funding these days through Initial Coin Offerings (ICOs). Ethereuem is a really volatile altcoin and has climbed by over 700% this year already. Most crypto option brokers will offer Ethereum as an asset to trade.

Bitcoin Cash

Bitcoin cash was one of those crypto assets that came about because of a split in the Bitcoin blockchain. The Bitcoin cash developers decided to split from the main chain because of disagreement among the participants about the best way to scale the Bitcoin network. The “core” developer team behind Bitcoin thought that the size of the Blockchain “blocks” were not to be increased. This was creating issues with really low transaction speeds. Therefore, another group of developers decided to “hardfork” from the current Bitcoin chain and create a cryptocurrency that had a blocksize limit that was 8 times greater than Bitcoin. The result of that was the creation of Bitcoin cash.

Ripple

Ripple is an interesting crypto token as it is not fully decentralised. Yet, it is one of the only cryptocurrencies that has a full use case and is currently being used by a number of banks all over the world. Ripple wants to change the way we send money overseas thanks to the help of its Ripple protocol and ledger. Banks will use the Ripple tokens as a means to send money from one corner of the world to another in a relatively short period of time. The goal of Ripple is to usurp the Swift banking confirmation system. Ripple trades under XRP and has had a great deal of press lately.

Litecoin:

Litecoin has often been called the “silver” to Bitcoin’s gold. This is because it is similar to Bitcoin in many respects but differs in the way it implements transactions. Also, the hashing algorithms that are used by Litecoin are that much less resistant to conglomerate mining operations from using their specialised equipment to out mine normal users. Litecoin can still be mined by those people who have home mining operations.

Monero:

Monero is an interesting cryptocurrency asset as it uses revolutionary cryptographic technology to keep transactions on the network completely private. Many people are under the impression that Bitcoin transctions are private which is not entirely true. Important information of the transaction can be seen on the Blockchain (which is stored forever). Monero uses technology that is able to obfuscate information about the transaction including address and amount. Monero has also had an amazing run over the past two years since it was forked. It has increased by up to 100x.

Another Crypto option that has garnered impressive growth and is currently in the top 5 of all cryptocurrencies is Dash. It also has in built mixing characteristics which means that the transactions are semi hidden. This means it is hence also quite private. Dash also has a payment protocol that was built into it called “InstantX” which is able to facilitate payments in under 4 seconds. This compares to the sometimes 10 minutes or more that it currently takes on the Bitcoin network. The Dash coin is also used by many merchants around the world for these purposes.

Irrespective of the crypto option that you decide to trade, you should make certain that you have understand the fundamentals and technicals of said cryptocurrency. Crypto options can be traded with many of the technical indicators that are used in the Forex and Equity markets. Hence, charting strategies such as the MACD Strategy or candlestick indicators can be used with great effect in these markets.

You also have to be aware of the fundamental factors which will impact the crypto options in a particular market. For example, news around partnership announcements or potential adoption by an established company will impact on the price of the coin. Moreover, you have the constant sagas that arise when the crytocurrency goes through a hardfork. There is always constant volatility around these events.

Whatever strategy you choose to trade cryptocurrency options, be sure to use effective money management strategies. Remember, these are lucrative yet risky markets and you should never get carried away when things are not going your way.

Best Cryptocurrency Brokers for 2020

Daniel ‘Harris’ Major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading Bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

Best Cryptocurrency Broker

After trying out most brokers, here are the best cryptocurrency brokers:

IG – Best for Bitcoin Trading

IG is one of the oldest and biggest names in the trading industry. It was founded in 1974 and the Headquarters are in the UK.

IG is best known for Forex and CFD trading, which includes cryptocurrency trading.

  • Trade 10 Major Cryptocurrencies
  • Free Demo account
  • Minimum Deposit is only $100
  • Regulated and Trusted Broker
  • FTSE 250 Listed Provider
  • 24/7 Support
  • No Crypto Withdrawals

IG Disclaimer: 68% of retail CFD accounts lose money.

Best Cryptocurrency Brokers (Non-US Traders Only)

Plus500 – Top Rated Trading Platform

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/Sell CFDs on Bitcoin in addition to buying stocks, commodities, forex etc (traded only through CFDs). Plus500 is the most complete trading platform.

  • Trade CFDs on Bitcoin & many other Cryptos
  • Minimum Deposit is only $100
  • Regulated and Trusted Platform
  • Very fast signup process
  • Live Chat
  • Many payment methods (even Paypal)
  • You cannot withdraw any cryptocurrency
  • You have to complete a questionnaire, upon sign up

Plus500 Disclaimer: 76.4% of retail CFD accounts lose money.

IQ Option – Lowest Minimum Deposit ($10)

If you don’t want to make a huge initial investment, then IQ Option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

  • You can trade many cryptocurrencies
  • Minimum Deposit is only $10
  • Best trading platform
  • Multiple account currencies
  • Free demo account
  • Regulated by CYSEC (#247/14)
  • They don’t allow traders from USA, Japan and Israel

eToro – Top Crypto Broker

eToro is a really popular trading site. They have been around since 2006. eToro is regulated by CYSEC, FCA and ASIC.

Buy/Sell Bitcoin on eToro in addition to buying stocks, commodities, forex etc. eToro is the most complete trading platform.

  • Trade Bitcoin & many other Cryptos
  • Minimum Deposit is $200
  • Regulated and Trusted Platform
  • Australian Traders Are Also Accepted
  • Great Support Team
  • Many Payment Methods (even Paypal)
  • You cannot withdraw any cryptocurrency
  • You have to complete a questionnaire, upon sign up

eToro Disclaimer: 75% of retail CFD accounts lose money.

Highlow – Best All-Round Crypto Broker

Due to regulation HighLow stopped accepting traders from the EU and UK.

Highlow is an Australian trading broker (AFSL No.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the iOS app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on Highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

  • Trade Bitcoin & other Cryptos
  • Minimum Deposit is only $50
  • Regulated and trusted Platform
  • Fastest signup process (no questionnaires)
  • Multiple account currencies
  • Free demo account (no registration needed)
  • You cannot withdraw any cryptocurrency

Best US Cryptocurrency Brokers – April, 2020

Nadex – US Traders Welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on Nadex. Non-US Traders check out the next broker.

Update OCTOBER 2020: Looks like Nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on Nadex now and get updated when they add it.

Recently, Nadex started offering Bitcoin trading.

  • Trade Bitcoin, Forex or Binary Options
  • Minimum Deposit is $250
  • CFTC Regulated Broker
  • Great Support Team
  • Many Payment Methods (even Paypal)
  • You cannot withdraw any cryptocurrency

Crypto Brokers With Most Cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

  • Etoro – Bitcoin, Ethereum, Litecoin, Dash, Ethereum Classic, NEO and Ripple.
  • Plus500 – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA.
  • AvaTrade – Bitcoin, Ethereum, Ethereum Classic, Ripple, Dash, Bitcoin cash Litecoin, Monero and NEO.

Lowest Minimum Deposit Brokers

These are the best brokers with low minimum deposit requirements:

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top Rated Brokers That Have Cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Rank Broker Min. Deposit Regulated Features Visit*
$250 YES + US TRADERS ONLY TRADE NOW
$10 YES + CRYPTO/BINARY TRADING TRADE NOW
$200 YES + CRYPTO TRADING TRADE NOW

eToro Disclaimer: 75% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to Choose your Cryptocurrency Broker

Is Leverage Really Necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative Balance Protection: It is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How Suitable Is The Required Capital For You? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow Spreads for the Win: Let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which Cryptocurrencies Are You Interested In Trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like Bitcoin (official site), Litecoin (official site), or Ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like Monero, IOTA, or Zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros And Cons Of Cryptocurrency Brokers

No broker is perfect.

Here are some features that these broker have or don’t:
Pros

  • Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading
  • If you are less tech-savvy then a broker is safer for you
  • You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Cons

  • Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency Brokers – What To Look For

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What Are The Weekend Hours Like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (Why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How Is It Hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More Great Features You Could Be Interested In

Commissions and Trading On Margin – An important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or CFDs. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of Market Data – Aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by Feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto CFDs.

Are Short Sales Available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready To Start Trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Sign up now and see for yourself how easy it is to get started.

FXDailyReport.Com

Bitcoin is a digital currency and is being traded in the financial markets around the world ever since it was introduced in 2020. Over the years, the first cryptocurrency in the world has become immensely popular and this, in turn, has sparked immense price volatility. Within three years of the digital currencies inception, the price of a single Bitcoin zoomed to around 1,200 USD. Currently, the Bitcoin is traded at more than 3,500 USD.

Forex brokers acknowledged the cryptocurrency as a valid currency and started accepting payments in Bitcoins in 2020. They have also made it possible for traders to execute trades in Bitcoins. This digital currency is often traded against fiat currencies such as the USD and euro. As the concept is relatively new, there is only a limited number of best regulated Bitcoin forex brokers as of now. However, this has made it easier for some traders who do not want to disclose their card or bank details to the forex brokers to fund their accounts through Bitcoins.

Regulated FX Brokers That Accept Bitcoin for Deposits/WD

Broker Min Deposit Spread Leverage Regulation Open Account
0 Non-Spread, Fee 0.1% Per Trade Non-Leverage Visit Broker
$1 From 0 Pips 2000:1 FCA UK, CySEC, FSP, BaFin, CRFIN Visit Broker
$1 Fixed Spread From 3 Pips Up to 1:1000 CBR, CySEC and FFMS Visit Broker
$300 floating, from 0 pips 500:1 FCA UK reference number 579202 Visit Broker
$250 as low as 0.1 pips up to 400:1 ASIC Australia and FCA UK Visit Broker

Top Regulated Forex Brokers That Offer Bitcoin (BTC/USD) Trading

Broker Info Bonus Open Account
Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$100 No-Deposit Bonus, 100% Deposit Bonus Visit Broker
Min Deposit: 0
Spread: Non-Spread, Fee 0.1% Per Trade
Leverage: Non-Leverage
Regulation: –
Visit Broker
Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), CySEC
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. Visit Broker
Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
Min Deposit: $50
Spread: Starting 0 Pips
Leverage: up to 400:1
Regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
Visit Broker
Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker
Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
Visit Broker
Min Deposit: $10
Spread:
Leverage:
Regulation: CySEC
Visit Broker
Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, FCA, CySec
Visit Broker
Min Deposit: $100
Spread: Starting 0 Pips
Leverage: up to 500:1
Regulation: FCA UK, ASIC Australia, MAS Singapore
Visit Broker
Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
Visit Broker
Min Deposit: $250
Spread: as low as 0.1 pips
Leverage: up to 400:1
Regulation: ASIC Australia and FCA UK
Visit Broker
Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
Visit Broker

The production of Bitcoin is limited to 21 million. It is expected that this will be achieved by 2040. As the price of the Bitcoin fluctuates all the time, traders have to do both fundamental and technical analysis in order to decide as to when they can buy or sell the world’s first decentralized currency. Though there are a number of online exchanges where traders can buy Bitcoins in exchange for USD, euro, or other currencies, Bitcoins are often traded through the online platforms of a few reliable forex brokers.

Among forex brokers, the penetration level of Bitcoin is the lowest when compared with the other online payment options. However, Bitcoin offers the highest level of security and an opportunity for making payments without disclosing identity. This is unique compared to any of the other existing payment options. Most e-wallets require traders to verify their identity by means of bank transfers, credit cards, or other documents. On the other hand, Bitcoin account holders can access their accounts without the need to go through any identification procedure.

As forex brokers ask for a number of identification documents from the trader when opening an account on their platform, the process involved in creating a new Bitcoin account for funding the trader’s account is a complicated and tedious. Therefore, the anonymity associated with Bitcoin seldom works when it comes to trading currencies. This is to say that it works only if the trader wants to trade currencies without making withdrawals. Regulators also want brokers to obtain a lot of information from their clients prior to allowing them to trade currencies. As such, it is sensible to choose an online forex broker that accepts Bitcoins only if the trader has Bitcoins in his/her account and want to fund his/her trading account through Bitcoins.

Having said this, here are some of the best regulated Bitcoin forex brokers you can consider working with:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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