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Topic: Using crypto to trade crude oil or broker necessary - page 2. (Read 202 times)

staff
Activity: 3500
Merit: 6152
Although I never tried this process myself, you should be able to do that with eToro since they support both Oil and BTC trading on their platform.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
I am not a forex person, I prefer crypto because I am use to crypto. I have noticed on some exchanges about cryptocurrencies backed by gold which you can trade on crypto exchanges. Recently, I am interested to trade crude oil, but I will prefer to trade crude oil on crypto exchange, which it can be a crude oil backed cryptocurrency. I checked online for any available crude oil backed cryptocurrency but I found none.

If there is non as I believe there will be none according to my research, I may like to make use of a broker instead of using an exchange for this but I have little information about forex brokers. Like in crypto, we can easily know exchanges by trading volume and know the type of cryptocurrencies each are supporting, is there any legit site like that about forex which I can know their trading volume and how reputable they are.

You can also list some brokers you use to trade crude oil to know if I can find it easy and reputable to use after I make my further research about the broker.
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