If you are looking for the best Forex platforms to trade your Bitcoin in 2021, then this article was written just for you.
With over a decade of existence, bitcoin has been nothing short of a means to invest, trade and make profits, sometimes losses. Bitcoin is the most traded cryptocurrency asset, with over 4 million unique users in 2017, reaching a maximum intensity of $1900 per coin. After this remarkable milestone, a steep decrease of 50% in price as of early 2020 occurred. But by December 2020, despite the severe price crash, bitcoin price reached a new all-time high price of $28,000. This is all due to the fluctuation and high volatility that bitcoin exhibits. Making it difficult to decide which of the platforms to trade your bitcoin. However, the total value of all bitcoin is approximately $600 billion at the time of publishing.
Have no idea what platforms to trade your bitcoin; perhaps you’ve wondered what forex platform is suitable for trading. With any of these forex platforms, you can trade with zero security threat, ultimately price flexibility, i.e. low deposit amount and low cost of trading. Sit back and worry less, as this article will help you unravel and dissect your worries into chunks with actionable solutions.
To achieve a successful trading experience, you must understand how the forex and cryptocurrency ecosystem function; otherwise, you will be trading at a loss. However, the risk of trading forex with bitcoin is much greater than trading on bitcoin-based exchanges like Binance. This unpredictability is why you need to read through to the end.
Table of Contents
Top 5 Forex Platforms to Trade Your Bitcoin
These lists of the top 5 Forex platforms to trade your bitcoin are in no order of rank but based on proven records and research;
Deriv
With Over 20 year of customer focus and innovation; Deriv is one of the best platform you trade your Bitcoin in 2021. This is because they have a proven track record; they are Licensed and regulated; and their client money protection is one of the best in the market.
They have a tight leverage 1:50, tight spreads and 17+ crypto pairs
Don’t be left out, Open a free trading account now by clicking here
eToro
Trading cryptocurrency on eToro is easy for both beginners and experts with an all-around crypto experience. The platform experience is unique for basic operations like creating custom watchlists and searching available markets to add an instrument or assets. With a personalized crypto portfolio on eToro, you have access to a wide variety of assets. The platform offers free weekly webinars to educate traders on trends and the technical analysis of trading.
Benefits;
- Regulated by Australian Securities and Exchange Commission (ASIC).
- Let you connect with an extensive network of high-performing crypto-traders.
- Effortless payment systems and options.
- Purchase any commodity easily, either on the web or mobile app.
- Access to staking rewards.
ProTip: eToro is not recommended for day traders because of limited entry and exit access.
Liteforex
Since 2006, Litefoex has remained a high-tech authentic electronic communication network (ECN) broker for professionals. Including Classic for regular trading, free Demo accounts for beginners and provides traders Tier 1 assets, currency liquidity and stock options. Trading BTC on Liteforex unlocks exclusive membership access to analytical tools, signals and professional assistance to trade safely.
Benefits;
- Liteforex guarantees the safety of trader’s data.
- Trade conveniently with hassle-free cash flow.
- Zero fees or chargeback during fund withdrawal or deposits.
- The demand of market participants determines the currency rate.
- Transparency of the decentralized BTC.
Vintage FX
Since its inception in 2009, Vintage FX has been striving to acquire a global forex market for its brand. While it is being regulated by Cayman Islands Monetary Authority (CIMA), VintageFx actively promotes transparency in the forex industry. Trading BTC on this platform can help you gain a trading edge. With powerful charting capabilities and features such as Forex ECN, Indices, Energies Precious Metals, Energies, Soft Commodities and Shares CFDs e.t.c
Benefits:
- Available commission-free trading.
- Access the trading options from MetaTrader 4 and 5.
- Get leverage up to 500:1 with a minimum deposit of $200 but a $0 deposit fee.
- Promotional trading offers.
- Secured and regulated funding methods.
Swissquote
One of the things Swissquote won’t do is bore you. Swiss offers traders cryptocurrencies with low fees and cryptos exchange against fiat currencies with its reliable trading services. As a Switzerland multi-trading platform founded in 1996, Swissquote has advanced in trading strategy and diversifies exposure to centralized fiat currencies. Swissquote had the top award for Best Banking Services because of its maximum exposure to a global market with long-term interest rates.
Benefits;
- Swissquote offers traders the flexibility of trading BTC with its eTrading account offering.
- Access to MetaTrader Master Edition.
- Authorized and regulated by Securities Futures Commission (SFC).
- Substantial commission fees.
- Swissquote has a trust score of 99 and access to mobile trading.
The trading of BTC had gone through a massive resurgence in the last two years, following the setback when prices crashed due to the flop of a central exchanger known as Mt Gox. However, this cryptocurrency is gaining far-flung acceptance across the world. As a result of this massive acceptance, more traders are adding Bitcoin as one of their means of payment settlements. Forex brokers are not left out as most of them now offer Bitcoin as one of the significant assets available for trading daily.
Warning: There are no platforms to trade your bitcoin without risk, which is why it is advisable to explore with a Demo account before investing.