Any Forex Brokers That Accept Crypto? - page 2.

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: mrquackquack on February 20, 2020, 12:19:55 PM

Right, so how does the Forex work exactly. Do you all have any experience with that?

What do you mean?

You'd create an account, read the terms, log in and deposit and then start trading?

It'll depend on what platform you use as to whether those funds will be immediately converted into usd or whether they'll be held in btc until you open a trade and then have to convert it first.

mrquackquack

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Right, so if you wanted to buy some foreign currency other than using a bank, could they use a Forex to do so?

tmfp

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"Common rogue from Russia with a bare ass."

Quote from: mrquackquack on February 20, 2020, 01:04:56 AM

I need a list of Forex Brokers that accept crypto as a means of buying foreign currency. Please list them here. Thanks.

Do you actually mean that? That you want to exchange crypto for foreign currency, as in folding notes?

Quote from: mrquackquack on February 20, 2020, 12:19:55 PM

Right, so how does the Forex work exactly. Do you all have any experience with that?

The Forex?
"Foreign Exchange", on a personal level, was what the name says.
E.g. if you were a German (in pre euro days) visiting France you would exchange your domestic currency (marks) for foreign currency (francs) either formally thru your bank or informally P2P, in order to buy stuff in shops etc.
"Forex" nowadays generally refers to speculative derivative trading, which is offered by many brokers and platforms where you bet on the movement of currency pairs, such as USD/EURO. As most trading is done with Technical Analysis, you could be trading in anything, porkbellies, indexes, oil etc. etc.
As in all derivative trading, it's estimated that around 75% of individual speculators lose all their original gambling pot, and you can't take physical delivery of the underyling asset by going long of its derivative.

mrquackquack

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Right, so how does the Forex work exactly. Do you all have any experience with that?

squatz1

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Flying Hellfish is a Commie

Quote from: alani123 on February 20, 2020, 02:41:43 AM

There's too many that accept crypto. But really, what features are you after? Anonymity? Leverage?

Each one of them has varying levels of KYC and features. I think one of the most crypto friendly ones that also has leverage is simplefx.com. They also have a thread here:
https://bitcointalksearch.org/topic/ann-simplefxcom-forex-broker-with-btc-and-ltc-crosses-and-1500-leverage-1059253

Be careful though. Many of those platforms with questionable licenses usually also have some dodgy practices due to lack of control. Offshore paradises aren't good at caring individual user reports for fraud. They'd rather have the money from the broker.

Yeah this is something that I forgot to put a note in about. You're going to have to do your own due diligence relating to these brokers, as they're obviously not going to be licensed like regular forex brokers (with the proper licenses, bank accounts, oversight, etc) these companies are most likely not going to follow any sort of regulations and are going to be a bit shady.

I'd recommend looking DEEPLY into whatever one you choose to use. Look them up on forex trading websites to see if people have had any issues with deposits (being posted) and withdrawals. You can never be too safe. Not your keys, not your coins

Yet again, goodluck!

alani123

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Leading Crypto Sports Betting & Casino Platform

There's too many that accept crypto. But really, what features are you after? Anonymity? Leverage?

Each one of them has varying levels of KYC and features. I think one of the most crypto friendly ones that also has leverage is simplefx.com. They also have a thread here:
https://bitcointalksearch.org/topic/ann-simplefxcom-forex-broker-with-btc-and-ltc-crosses-and-1500-leverage-1059253

Be careful though. Many of those platforms with questionable licenses usually also have some dodgy practices due to lack of control. Offshore paradises aren't good at caring individual user reports for fraud. They'd rather have the money from the broker.

squatz1

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Flying Hellfish is a Commie

Everything is a google search away bud.

https://www.allfxbrokers.com/brokers/deposit-options/bitcoin

Check this out, you're obviously going to have the issue with US -- non US -- but I'd just run through this list and see what that looks like for you. Goodluck with forex trading.

jackg

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https://bit.ly/387FXHi lightning theory

What country are you in? Therell be a divide between the US and everywhere else.

Etoro are one in Europe for example, they allow conversion and then usage I'm not sure if they allow direct usage and they're one of those companies that'll keep trying to call you until you block their number (or answer them) ...

mrquackquack

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I need a list of Forex Brokers that accept crypto as a means of buying foreign currency. Please list them here. Thanks.

Topic: Any Forex Brokers That Accept Crypto? - page 2. (Read 232 times)