Bitcoin has become a very big trend today, with lots of people preferring it to regular money. It is so popular that the Central African Republic has accepted it as its legal tender. Seeing its popularity, it makes sense that owners would like to trade and make deposits using Bitcoin as well.
The issue is that Bitcoin is still uncommon in comparison to traditional money. Brokers are getting around it, but the number of apps is still limited. To make things easier for you, here are the top 5 Forex brokers accepting deposits by Bitcoin.
Plus500 is one of the most commonly known Forex brokers that accept Bitcoin Deposits. The company itself was established in Israel, but subsidiaries can be found in Cyprus, Australia, and the United Kingdom as well. Not only does it accept Bitcoin deposits, but it allows you to do Bitcoin CFD trades as well. The platform was translated into 32 different languages, and you may use various wallets and apps such as Binance to make your transfer.
Founded in 2007, eToro is one of the biggest companies in the world that trades cryptocurrencies. Naturally, this broker accepts Bitcoin deposits as well. This platform is very popular for the fact that it allows you to mimic a trader, making it a good option for those who are only starting as traders. Various digital wallets can be used to make the payment, but classic options may also be used to withdraw traditional money.
Quotex allows you to start with $50 worth of Bitcoin, depending on where you are. In some countries, Bitcoin is illegal, in which case you will not be allowed to make a deposit. If you trade with Litecoin and Ethereum, you can make this type of deposit as well. Deposits may take 1-3 days to reach your account, but you may opt for same-day payments as well. Demo accounts are also available for those who are still learning how to trade.
Eightcap offers multiple deposit methods, including cryptocurrencies such as Bitcoin. Aside from the wire transfer, every payment that you make is free of charge. Wire transfers can take up to 3 days to be deposited, but crypto wallets are usually instant. This means that you may start trading right away with your capital. The broker is popular for the leverage that it provides, which can go between 1:30 and 1:500, depending on where you are from.
FXChoice is a broker that offers access to MT4 and MT5 platforms. You can make a crypto deposit including Bitcoin and Ripple, to which you can claim a 65% deposit. The minimum deposit is $100 or its equivalent in Bitcoin. Deposits and processing fees will often depend on your jurisdiction, based on whether your country accepts Bitcoin trades or not.
The Bottom Line
Bitcoin trading is growing every day. If you have Bitcoin and you want to use it, you can make a deposit through the Forex brokers above. This will make the procedure easier for you, without losing money in processing fees.