Author

Topic: Trade stocks with Bitcoin (Read 115 times)

sr. member
Activity: 563
Merit: 254
Chief Operating Officer of the Panxora Group
January 20, 2019, 05:57:14 PM
#6
Panxora allows you to use all 40 currencies traded on the platform as collateral to trade a large number of stocks from NASDAQ, NYSE, LSE, DAX and HKeX.
Accounts are structured so you cannot lose more than the balance in your account. The reason is that the risk management engine manages all the positions in an account. Maintanence margin on stock trading is 8 times. If the crypto in an account drops in value so this ratio is not maintained the risk engine scales back the stock position.
Panxora has been trading since 2014 under the First Global Credit brand, but they rebranded in November 2018 as Panxora.
legendary
Activity: 1526
Merit: 1179
January 18, 2019, 01:27:40 PM
#5
(*) there's one modifier I don't know though: the taxes. You may get into strange situations in some countries (like mine starting this year) that Bitcoin is unreasonably heavily taxed and you may (at the end of the year) get out cheaper via stocks.
At least OP isn't in the US where everything you end up doing turns out to be a taxable event. What shocked me the most is that even spending Bitcoin is a taxable event, which in my case is exempt from taxation.

On the other hand, I am subject to a 0.5-1% annual wealth taxation, which is straight theft, so I am better off getting rid of as much on-paper wealth as possible before we enter a new fiscal year

Overall, there is no legal platform yet that allows you to trade Bitcoin versus stocks. I wouldn't even recommend anyone to use a platform currently offering such services, because regulators will definitely jump in at one point.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
January 18, 2019, 03:55:11 AM
#4
I recently found a thread here with some sites where you can trade Stocks with only BTC as the main balance without having to convert to USD.
But the problem is: I don't know which one has the lowest fees.

~~

I also have read that not all results from Google are trustworthy theses days. Have also heard from WorldMarkets.io via Bitcoinist but the liquidity is just not there and the interface is kinda bugged for me.

There was a thread not long ago about such a service: https://bitcointalksearch.org/topic/belarus-has-launched-a-regulated-bitcoin-exchange-5097810
I don't think that such services are so widely used for now, so you'll need patience in getting reliable feedback.

And you may also have to explain what you meant about the lowest fees.
My guess is that if you want to only sell BTC for USD, you better sell directly (*) and if you want to diversify your (bitcoin) investment into stocks too, then it may be cheaper to use this kind of services.

(*) there's one modifier I don't know though: the taxes. You may get into strange situations in some countries (like mine starting this year) that Bitcoin is unreasonably heavily taxed and you may (at the end of the year) get out cheaper via stocks.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 17, 2019, 11:21:09 PM
#3
I won't try it because stocks will more complex than cryptocurrency, besides that, you need to always search much news in out there to predict the movement of the stock. Besides that, you need to learn deeper with the stock trading with bitcoin, and I don't think it will be the same as you learn with the cryptocurrency trading. I advise you to use small money to test the market first so you know how good you can survive in the trade stocks with bitcoin.
full member
Activity: 588
Merit: 100
January 17, 2019, 09:10:23 PM
#2
If you want to trade stocks by make deposit with Bitcoin, you have to jump in to margin trading because only margin trading offer that. I has been use Simple fx broker that offer many different stocks to trade on the MT4 platform. We can make deposit not only with Bitcoin but also others crypto like LTC, ETH, BCH and all balance also will show in amount of crypto and not USD.
newbie
Activity: 13
Merit: 0
November 18, 2018, 03:06:15 PM
#1
I recently found a thread here with some sites where you can trade Stocks with only BTC as the main balance without having to convert to USD.
But the problem is: I don't know which one has the lowest fees.
And also one important requirement: I know that there are ways to trade stocks in a way where you can not get a position liquidated or even end up with a negative balance. I am searching for something like spot buying and selling stocks (was that called buying Equities? I forgot) with Bitcoin. Where you can not get force-liquidated and only experience a loss if you sell for a loss. It still can be displayed as a position too, if there is no real "spot buying" website for this case, but without any force-liquidation and also without leverage.
Also I can not find the thread anymore and would like to ask for your personal experience on a website recommendation since trying out every single one can lead to loss of money or just lots of time wasting because there are just too many sites offering this.
But I still hope there is a website offering exactly what I am searching for.
 
If anyone could help me also tell me your experience with that site, I'd be really happy to hear it!
 
Thanks a lot for all the help I can get here! Smiley

PS: I am a non US citizen. Am from Europe if that helps.
I also have read that not all results from Google are trustworthy theses days. Have also heard from WorldMarkets.io via Bitcoinist but the liquidity is just not there and the interface is kinda bugged for me.
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