There is something recently launched by Binance called Stock Tokens. Buying these tokens means that you are holding a token that is pegged to equivalent amount of equity in the stock market.
When they say that the underlying asset gives the price of the token - kind of reminds me of what the definition of an Option is.
You can read more about it here - https://www.binance.com/en/support/faq/1f4b8036e43049baa612ba3c2dc07f16
There are country restrictions too and you would probably need a KYC on Binance for this. So keep those things in mind.
Alternatively you could sell your bitcoin and use the fiat to buy stocks too, with a lot of intermediate fees. But I guess you would not be asking this question is this was already possible.
Topic: Stock shares for crypto? (Read 103 times)
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Why would you want that? I mean here we have something that is much better than stocks and then you want to use your crypto to end up putting that crypto into stocks if you want to. This is basically just a way of saying you would rather not have dollars but prefer monopoly money if you can. It is really that much difference, crypto made 6x profit and that made all the profit whereas the reality is that stocks did not make any profit that way, which is why there is really no reason for stocks to be that preferable for crypto.
I would say keep your money in crypto and there is nothing you should be focusing on in the fiat world. But if you really insist, you could end up putting your money into paypal, keep it as crypto, and if you ever want to exchange to stocks many places accept paypal payments so you could end up using that to buy stocks.
I would say keep your money in crypto and there is nothing you should be focusing on in the fiat world. But if you really insist, you could end up putting your money into paypal, keep it as crypto, and if you ever want to exchange to stocks many places accept paypal payments so you could end up using that to buy stocks.
Hello everyone,
I wonder is there a reliable service through which it is possible to directly buy stock shares for crypto?
Thanks
I wonder is there a reliable service through which it is possible to directly buy stock shares for crypto?
Thanks
There was no market that allows people or any users to buy stocks with cryptocurrencies. Even e-toro only allows users to buy stock shares with Fiat coins. Why? Stock Market and Crypto market is different. you cannot see a pair in stock market that is like GME/BTC or ETH/GME. Stock Market only revolves on money that can be withdrew in banks and be used physically. While crypto, as we all know, is just digital currency/asset. Therefore, no physical company can be taxed nor be allowed to operate if they use crypto as their main stock share currency as it is only digital and volatile.
to be honest, we don't know about the exchange yet, there are some reasons that maybe it was not created and was not carried out by the exchange. first in terms of value and price volatility of stocks, and we all know that volatility is relatively stable. while for crypto it is the opposite of stock volatility.
that way if an exchange makes stocks and crypto interact in a transaction, it is not profitable. there will be parties who will lose, even with the same amount of shares / crypto, at the time of exchange.
however crypto has the opposite nature of stocks.
stocks / crypto: (stable volatility / high volatility)
crypto / stocks: (high volatility / stable volatility)
think about it !!!!
that way if an exchange makes stocks and crypto interact in a transaction, it is not profitable. there will be parties who will lose, even with the same amount of shares / crypto, at the time of exchange.
however crypto has the opposite nature of stocks.
stocks / crypto: (stable volatility / high volatility)
crypto / stocks: (high volatility / stable volatility)
think about it !!!!
As far as I know, there are still no services that accepts cryptocurrencies in exchange for stocks. Stocks, of course, are being regulated by SEC in which it also requires regulated currencies like fiat and there is no way bitcoin can be used to buy stocks.
Perhaps, converting them to your local curreny would be your best bet?
There are some that are.currrently being tested by JPMorgan, I think it was called Bitcoin ETF but I don't think that it is a good idea to invest in it because a lot of financial Youtubers are warning that they might be losing on this one since it doesn't have the same protections that a normal ETF has, also Jamie Dimon is the CEO of JPMorgan and a serious opposer of bitcoin and cryptocurrency so I wouldn't really trust him. Perhaps, converting them to your local curreny would be your best bet?
As far as I know, there are still no services that accepts cryptocurrencies in exchange for stocks. Stocks, of course, are being regulated by SEC in which it also requires regulated currencies like fiat and there is no way bitcoin can be used to buy stocks.
Perhaps, converting them to your local curreny would be your best bet?
Perhaps, converting them to your local curreny would be your best bet?
Before, Abra offers it until SEC charged and stopped them from doing so. I'm not sure if this is possible with etoro, they offer both markets - stocks and crypto. But it seems that it's a different thing from buying directly stocks through crypto.
I tried to look for a broker that offers it but haven't found any.
I tried to look for a broker that offers it but haven't found any.
A while ago people were suggesting mt4 but I'm not sure if you can do it directly from crypto (also not sure how trusted the site is).
Hello everyone,
I wonder is there a reliable service through which it is possible to directly buy stock shares for crypto?
Thanks
I wonder is there a reliable service through which it is possible to directly buy stock shares for crypto?
Thanks
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