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Topic: trading Forex with Bitcoin deposit/withdraw (Read 120299 times)

legendary
Activity: 2388
Merit: 1003
just in case a client missed it: Evolve Market is shutting down.
Also, if you ever had an MT4 account with them, you might want to check there since those assets are separate from their normal web pages for some reason. I found coins there I had forgotten about.
legendary
Activity: 2388
Merit: 1003
December 07, 2023, 11:37:03 AM


These kind of intervention isnt something new anymore. One platform/company could accept crypto then one day in an instant when their license issuer or simply the ones
who do regulated would be telling this and that then they dont really have no choice but to follow or else then we do know on whats next.



We had hoped that things had evolved by now. Nothing changed it seems
hero member
Activity: 2674
Merit: 625
December 06, 2023, 11:07:07 PM
We lost FxChoice, arguably the best crypto-friendly forex broker, due to intervention by the Financial Services Commission (FSC) of Belize. Very disappointing.
So i did make some research to confirm out that it was indeed true
https://fr.myfxchoice.com/fx-choice-news/crypto-transactions-are-coming-to-an-end/

These kind of intervention isnt something new anymore. One platform/company could accept crypto then one day in an instant when their license issuer or simply the ones
who do regulated would be telling this and that then they dont really have no choice but to follow or else then we do know on whats next.

I wont be surprised if there would be other Forex brokers who are currently accepting crypto depo and withdrawal options will
really be following in line. Nothing new here!
legendary
Activity: 2388
Merit: 1003
December 06, 2023, 08:00:44 PM
We lost FxChoice, arguably the best crypto-friendly forex broker, due to intervention by the Financial Services Commission (FSC) of Belize. Very disappointing.
legendary
Activity: 2388
Merit: 1003
Indeed, there are several benefits to using Bitcoin in Forex trading, with global acceptance being a significant advantage. Bitcoin's widespread recognition and adoption make it an appealing choice for traders seeking to diversify their portfolios and participate in the growing crypto market. The global acceptance of Bitcoin contributes to its liquidity and availability across different trading platforms, providing traders with more opportunities and flexibility in their Forex trading activities.
The reality is before entering in the crypto world I was known with forex trading, And to see forex trading and cryptocurrency trading both have different features and good sides.
Especially if we talk about forex trading, it is much ahead in terms of liquidity, market stability, obtainability, etc., and also cryptocurrency trading creates privacy and security, low transaction fees, separate investment areas, etc., so the bridging of the two is actually Good news for both. By doing this, crypto traders can also avoid forex trading and in this case the liquidity of forex trading will increase as well as the global recognition of cryptocurrency will increase.
Forex brokers, in my opinion, are more vulnerable than Binance or Okex. I tried forex for the first time previously because I attended a conference at the time and they recommended utilizing that broker because they were a representative for it. Following that, many of us made deposits with that broker, but there was a hacking incident. We lost our fund, with some of us losing $100,000. That is why I feel like forex brokers are negative for my security, but I didn't suggest you don't use forex; there are still many legitimate brokers out there.
You cant really make out some generalization just because of the incident that you had experienced because if you do find yourself on joining about seminars on to those forex companies which it would really be just that normal that you would really be making out some huge deposits, knowing that there are more known brokers which are legit and long time running. When it comes to forex and some of them accepting
Crypto or Bitcoin only. Im making use of Tradersway but for pure Forex then i do go with XM.

@OP,
Is https://xbtfx.io/ and www.octafx.com legit?


Dear Manhaton,

We sincerely regret the delay in our response. Please note that OctaFX is indeed a global Forex broker with a presence in over 150 countries, serving clients for more than 11 years. As a reputable broker, we prioritise compliance with international standards and regulations to ensure the safety and security of our clients' funds.

While we operate globally, we understand that local laws and regulations vary across different jurisdictions. However, as an international broker, we strive to provide our services to clients worldwide. We maintain a solid commitment to transparency, reliability, and client satisfaction throughout our operations, leading us to provide our services to all our clients.

By the way, we would be interested to know if you are already one of our valued traders. If so, we thank you for choosing OctaFX as your broker and trust that our services have met your expectations. To stay informed about our latest promotions and news releases, we encourage you to follow us on our social media platforms. This way, you will receive real-time updates and exclusive offers.

Should you have any further inquiries or require additional information, please do not hesitate to reach out to us through our convenient communication channels, such as live chat or email ([email protected]). Our dedicated support team is available to assist you and address any queries.

Kind regards,
OctaFX Rep.


you guys wont address all the negative reviews?
newbie
Activity: 6
Merit: 0
Indeed, there are several benefits to using Bitcoin in Forex trading, with global acceptance being a significant advantage. Bitcoin's widespread recognition and adoption make it an appealing choice for traders seeking to diversify their portfolios and participate in the growing crypto market. The global acceptance of Bitcoin contributes to its liquidity and availability across different trading platforms, providing traders with more opportunities and flexibility in their Forex trading activities.
The reality is before entering in the crypto world I was known with forex trading, And to see forex trading and cryptocurrency trading both have different features and good sides.
Especially if we talk about forex trading, it is much ahead in terms of liquidity, market stability, obtainability, etc., and also cryptocurrency trading creates privacy and security, low transaction fees, separate investment areas, etc., so the bridging of the two is actually Good news for both. By doing this, crypto traders can also avoid forex trading and in this case the liquidity of forex trading will increase as well as the global recognition of cryptocurrency will increase.
Forex brokers, in my opinion, are more vulnerable than Binance or Okex. I tried forex for the first time previously because I attended a conference at the time and they recommended utilizing that broker because they were a representative for it. Following that, many of us made deposits with that broker, but there was a hacking incident. We lost our fund, with some of us losing $100,000. That is why I feel like forex brokers are negative for my security, but I didn't suggest you don't use forex; there are still many legitimate brokers out there.
You cant really make out some generalization just because of the incident that you had experienced because if you do find yourself on joining about seminars on to those forex companies which it would really be just that normal that you would really be making out some huge deposits, knowing that there are more known brokers which are legit and long time running. When it comes to forex and some of them accepting
Crypto or Bitcoin only. Im making use of Tradersway but for pure Forex then i do go with XM.

@OP,
Is https://xbtfx.io/ and www.octafx.com legit?


Dear Manhaton,

We sincerely regret the delay in our response. Please note that OctaFX is indeed a global Forex broker with a presence in over 150 countries, serving clients for more than 11 years. As a reputable broker, we prioritise compliance with international standards and regulations to ensure the safety and security of our clients' funds.

While we operate globally, we understand that local laws and regulations vary across different jurisdictions. However, as an international broker, we strive to provide our services to clients worldwide. We maintain a solid commitment to transparency, reliability, and client satisfaction throughout our operations, leading us to provide our services to all our clients.

By the way, we would be interested to know if you are already one of our valued traders. If so, we thank you for choosing OctaFX as your broker and trust that our services have met your expectations. To stay informed about our latest promotions and news releases, we encourage you to follow us on our social media platforms. This way, you will receive real-time updates and exclusive offers.

Should you have any further inquiries or require additional information, please do not hesitate to reach out to us through our convenient communication channels, such as live chat or email ([email protected]). Our dedicated support team is available to assist you and address any queries.

Kind regards,
OctaFX Rep.
legendary
Activity: 2388
Merit: 1003

the first is actually in my recomended list. it's mainly in the list because it combines a rather good reputation with a particular focus on privacy.
the second one has some bad ratings in the internet, like here: https://www.forexpeacearmy.com/forex-reviews/8757/octafx-review
hero member
Activity: 2674
Merit: 625
Indeed, there are several benefits to using Bitcoin in Forex trading, with global acceptance being a significant advantage. Bitcoin's widespread recognition and adoption make it an appealing choice for traders seeking to diversify their portfolios and participate in the growing crypto market. The global acceptance of Bitcoin contributes to its liquidity and availability across different trading platforms, providing traders with more opportunities and flexibility in their Forex trading activities.
The reality is before entering in the crypto world I was known with forex trading, And to see forex trading and cryptocurrency trading both have different features and good sides.
Especially if we talk about forex trading, it is much ahead in terms of liquidity, market stability, obtainability, etc., and also cryptocurrency trading creates privacy and security, low transaction fees, separate investment areas, etc., so the bridging of the two is actually Good news for both. By doing this, crypto traders can also avoid forex trading and in this case the liquidity of forex trading will increase as well as the global recognition of cryptocurrency will increase.
Forex brokers, in my opinion, are more vulnerable than Binance or Okex. I tried forex for the first time previously because I attended a conference at the time and they recommended utilizing that broker because they were a representative for it. Following that, many of us made deposits with that broker, but there was a hacking incident. We lost our fund, with some of us losing $100,000. That is why I feel like forex brokers are negative for my security, but I didn't suggest you don't use forex; there are still many legitimate brokers out there.
You cant really make out some generalization just because of the incident that you had experienced because if you do find yourself on joining about seminars on to those forex companies which it would really be just that normal that you would really be making out some huge deposits, knowing that there are more known brokers which are legit and long time running. When it comes to forex and some of them accepting
Crypto or Bitcoin only. Im making use of Tradersway but for pure Forex then i do go with XM.

@OP,
Is https://xbtfx.io/ and www.octafx.com legit?
legendary
Activity: 2388
Merit: 1003
Fusionmarkets added PIX deposits for Brazilians.
very intresting option
sr. member
Activity: 1246
Merit: 356
Indeed, there are several benefits to using Bitcoin in Forex trading, with global acceptance being a significant advantage. Bitcoin's widespread recognition and adoption make it an appealing choice for traders seeking to diversify their portfolios and participate in the growing crypto market. The global acceptance of Bitcoin contributes to its liquidity and availability across different trading platforms, providing traders with more opportunities and flexibility in their Forex trading activities.
The reality is before entering in the crypto world I was known with forex trading, And to see forex trading and cryptocurrency trading both have different features and good sides.
Especially if we talk about forex trading, it is much ahead in terms of liquidity, market stability, obtainability, etc., and also cryptocurrency trading creates privacy and security, low transaction fees, separate investment areas, etc., so the bridging of the two is actually Good news for both. By doing this, crypto traders can also avoid forex trading and in this case the liquidity of forex trading will increase as well as the global recognition of cryptocurrency will increase.
Forex brokers, in my opinion, are more vulnerable than Binance or Okex. I tried forex for the first time previously because I attended a conference at the time and they recommended utilizing that broker because they were a representative for it. Following that, many of us made deposits with that broker, but there was a hacking incident. We lost our fund, with some of us losing $100,000. That is why I feel like forex brokers are negative for my security, but I didn't suggest you don't use forex; there are still many legitimate brokers out there.
legendary
Activity: 2388
Merit: 1003
Trimmed down the list to the best brokers after thorough research and user ratings online. Find them in the updated initial post.

Happy trading!
jr. member
Activity: 33
Merit: 25
It is observed that people are sharing their views about trading Forex with Bitcoin deposit/withdraw. Once upon a time i wish if i would have trade with Forex but that time i couldn’t maintain Forex account.But now world economy changes and it gives opportunity for small investors to invest in giant economic platform.A major advantage of forex trading with Bitcoin is that Bitcoin is not tied to a central bank. Digital currencies are free from central geopolitical influences and macroeconomic issues such as country-specific inflation or interest rates.There are more advantage of forex trading with BTC are there are no global boundaries, strong security, low deposit amount,high leverage,decentralized assessment.
All these advantages get when we trading forex with BTC.
I will simply say that it is easily maintainable when trading possibly done by bitcoin because when i will tread by BTC i have no need to go to the bank and no need papers, nominees signature and many more things.when i trade with BTC all this papers and many things don’t need for this reason trading speed is more gain without hassles and people shall investment  easily more assets before previous period of time. Overall forex treading with BTC shall trading more simple earlier smooth and bring the trading new milestone ever in history.
hero member
Activity: 826
Merit: 753
Living Life with Hemophilia🤡
Indeed, there are several benefits to using Bitcoin in Forex trading, with global acceptance being a significant advantage. Bitcoin's widespread recognition and adoption make it an appealing choice for traders seeking to diversify their portfolios and participate in the growing crypto market. The global acceptance of Bitcoin contributes to its liquidity and availability across different trading platforms, providing traders with more opportunities and flexibility in their Forex trading activities.
The reality is before entering in the crypto world I was known with forex trading, And to see forex trading and cryptocurrency trading both have different features and good sides.
Especially if we talk about forex trading, it is much ahead in terms of liquidity, market stability, obtainability, etc., and also cryptocurrency trading creates privacy and security, low transaction fees, separate investment areas, etc., so the bridging of the two is actually Good news for both. By doing this, crypto traders can also avoid forex trading and in this case the liquidity of forex trading will increase as well as the global recognition of cryptocurrency will increase.
FXchoice is a great broker

Agreed on your thought. This broker is very suitable for Forex and CFD trading. It is gained huge popularity since 2010 and is currently one of the best brokers. Everyday FXchoice perform near about 15,000 transactions per day. It hosts 40 exchange pairs. It supports Bitcoin Lite Coin and Ether. By your valuable info i try to research on it and decide to open an account.
Looks quite interesting, Here are the three options that I like the most. I have been knowing about this trading platform since school life but have not invested yet but have invested in cryptocurrency and after coming across this thread I came to know that forex trading is now more familiar with crypto currency. So now, seeing your interest, I am also interested.
Can you tell me more details about this broker and Kindly check my PM.
member
Activity: 74
Merit: 26
While the addition of Bitcoin withdrawal and deposit systems to forex trading can provide additional opportunities and potentially enhance the platform's offerings, it is important to note that the overall impact on profitability and strength of the platform may vary. While cryptocurrencies, including Bitcoin, are gaining popularity globally, it is crucial to consider various factors such as liquidity, regulatory compliance, and risk management when integrating them into forex trading.
  • There are many benefits to using Bitcoin in Forex trading, the most notable of which is that Bitcoin has gained global acceptance.
  • Using Bitcoin in forex trading is very secure in terms of security as Bitcoin transactions maintain extensive security measures.
  • In the case of forex trading, withdrawal and deposit systems are equally accepted in all countries of the world, in this case people's interest in local currency decreases.
After all, forex trading is several times more profitable than normal cryptotrading if all aspects of forex trading include bitcoin.

Indeed, there are several benefits to using Bitcoin in Forex trading, with global acceptance being a significant advantage. Bitcoin's widespread recognition and adoption make it an appealing choice for traders seeking to diversify their portfolios and participate in the growing crypto market. The global acceptance of Bitcoin contributes to its liquidity and availability across different trading platforms, providing traders with more opportunities and flexibility in their Forex trading activities.

We generally consider the king of the trading platform is Forex Trading which many of us known as FX. I have been associated with it since 2007. In the Forex market an average trading volume more than 5 trillion dollars per day. By this trading volume we can assume what a big trading platform it is?

I agree with you if bitcoin is added to Forex trading trader will be able to diversify their portfolio. Bitcoin has shown its past behavior globally. Which will make their portfolio more attractive. Since Bitcoin transactions are included in the blockchain ledger, it provides transparency to transactions which will help reduce the risk of fraudulent activity by traders in Forex trading.

Moreover, Bitcoin will play a major role in facilitating faster transaction process for Forex traders as well as reducing the transaction fees that a Forex trader incurs.

As Bitcoin is decentralized it does not require any intermediaries. As a result, a user can easily deposit with Bitcoin from anywhere in the world. In this way a user can easily express his interest to enter the Forex market. Users will get various facilities by accessing to withdraw or deposit money through the use of Bitcoin.
I love it when I see Forex trading discussions, but you need to adjust somethings, you are missing the liquidity facts. Forex market is larger than what you are pointing out and continues to grow, your facts must be outdated. The forex market has hit the daily trading volume of $6.6 trillion as of 2019 and must have grew to over $8 trillion daily volume in May 2023.

The last value as of April 2022 shows that it stood at $7.5 trillion dollars, no one needs a person to tell that it is now over a year. The forex market that has been growing tremendously every year and should have passed $8 trillion by now. This is a powerful market that no other sectional market can overcome, you can't compare.

It is good that forex brokers are wise to have added cryptocurrency to their many trading instruments on their platform. We can hardly see a forex broker offering crypto trading 7 years ago, it was with bad condition when they newly came but competition made them to do better. As of today forex brokers are committed to better conditions that will attract new traders and make them stay.

Plan: I advise everyone trying to make money from online to try both FX and cryptocurrency, there are times when you will gain from one and lose from the other. This approach will keep you making your money so far you have a good trading experience that is the number one key. Taking the losing aside, there are days that the movement of cryptocurrency will be boring and not appealing to trade, FX is a good option and I have been doing this for over 5 years to flexibly manage my trading portfolio.
sr. member
Activity: 1190
Merit: 296
We generally consider the king of the trading platform is Forex Trading which many of us known as FX. I have been associated with it since 2007. In the Forex market an average trading volume more than 5 trillion dollars per day. By this trading volume we can assume what a big trading platform it is?
Forex trading is the exchange of common currency for foreign currency. In other words, currency is usually exchanged through this transaction. Nowadays Forex trading is very popular trading platform and every day a lot of money is traded on this platform. 

The volume of trading on this platform has increased a lot compared to earlier. Earlier the trading volume on this platform was $5 trillion but now the volume of Forex trading has increased a lot now the trading volume on this platform is $6.5 trillion every day.
There are many currencies to trade in the Forex market, but among them the popular currencies are Euro, USD, Yen, British Pound etc. 

Trading on Forex trading platform is somewhat risky so we must trade FXTM with caution.
hero member
Activity: 784
Merit: 542
I have seen many friends around me in Forex Trading, but at present, with the popularity of crypto, They are now conducting trading but they deserve Crypto has got a big receptive market worldwide. They think if the crypto can be adopted on the forex trading platform and users can deposit/withdraw than the Forex platform can be stronger. I believe today or the tomorrow Forex and Crypto will be co operative to each other. This will definitely need to expand their business.

If you don't know, Currently some brokers has included some cryptos in their trading platform which shows how popular and attractive that the crypto space has become and number one of them was Bitcoin , ETH, LTC, Xrp, BNB and a lot more other cryptos.
while the Forex market is open Sunday night - Friday night and it closed on the weekend, Bitcoin and other cryptos are traded 24/7 on this forex trading platform.

Secondly, a broker that I have an account with just made Bitcoin option available on their platform where you can trade with BTC or convert your funds into Bitcoin and not only trade on dollar or other local Fiat currencies like pounds and Euro.
full member
Activity: 420
Merit: 200
I like to treat everyone as a friend 🔹
Forex Trade is a trusted investment platform that many people rely on and make significant profits. Most forex brokers are trustworthy but you still need to be careful as there may be many scammers out there. Currently, the forex market is connected to various currencies of Bitcoin and Cryptocurrencies due to which it has become very popular in the world.
Nowadays, when it comes to trading forex, various brokers offer Bitcoin and cryptocurrency trading and traders get many benefits from it. And various bitcoin brokers offer many benefits by trading with bitcoins and are able to earn many times more profit from it.
Also this forex bitcoin trade all traders have access to proprietary tools that give confidence and the ability to predict price ranges allowing for huge profits.
sr. member
Activity: 560
Merit: 286
Forex trading has huge savings on this platform. And Bitcoin withdrawal and trading can be done very safely which is much more secure than other platforms. In particular, many currencies have been added, which everyone will like to see. This platform has come with a reputation for a long time. Massive people are turning to this platform.
Bitcoin
Ethereum Coin
LiteCoin
Dogecoin
BNB
Bitcoin Cash
XRP etc Coin
All such coins exist in this platform so I think forex trading here is very popular than other platforms.
jr. member
Activity: 33
Merit: 25
I used to love foreign exchange trading but never found a suitable medium to make my deposits it about one decade ago. Because online bank accounts were not widely used in my country at that time. As a result, although I could create a bank account, I could not make the deposit. I had to take help from others. Sometimes it was difficult for me to get dollars from web based banks like Neteller or Skrill. Although I was able to deposit there a few times and once I got scammed. Since then I give up the platform. But recently knowing about this, I am very encouraged because depositing with Bitcoin is a very easy task for me.
sr. member
Activity: 2590
Merit: 322
Undeads.com - P2E Runner Game

I don't know the gimmicks you guys are playing here but one thing is certain in my long years of trading, there is no forex broker that can beat the service of exchanges as far as cryptocurrency is concerned. If you want to trade FX, Commodity, Energy market, CFD and many more, choose an FX broker. But if you are trading Cryptocurrency, choose an exchange.

I am not using the forex broker (SimpleFx) to trade cryptocurrencies of course rather I am only using it to trade forex pairs only, I am fully aware of using exchange to trade cryptocurrency pairs instead of forex brokers.

These are my reasons;

1. Forex brokers will kill you with high spreads. Where exchanges charge less than $1, they might charge over $15 in some cases.

 I am very aware of the high spread associated with trading cryptos with a forex broker thus it's a no-go area for me, Binance charges low fees and at times zero fee for crypto trading but here I trading with the most popular forex pairs e.g EURUSD, USDJPY, USDCAD etc with low spread.


2. You will be forced to pay a swap (daily rollover charges), which could be annoyingly high at times and as the trades tarries.

I am a day trader I always ensured that I close all my trades daily thus I wouldn't rollover my trades till the next day to avoid those charges.


3. Be prepared for manual withdrawal execution as only a little fraction of FX brokers honour it (maybe 0.5% of them), and your withdrawal could be delayed more than a week at times with some of them.

In the case of my broker UDST withdrawal is instant irrespective of whether it's weekday or weekend, except during replenishment of their  hot wallet, deposit is also swift without any delay.


4. Although withdrawal shouldn't be a problem for a good forex broker, a lot of complaints about many of them still fulls the internet. The withdrawal of an amount higher than $500 become a problem for them, something that is nothing to exchange. This is why a thorough search for a good broker is advised as regulation might not save you here.

I don't necessarily needed to wait till my profit reaches $500 before withdrawal, this is my own personal choice consistent withdrawal without any issue is what I am after which is well solved by my broker, while their customer care service is topnotched.
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