How to Trade Forex with Bitcoin
Are you familiar with Forex trading? If so, you should be able to make trades with Bitcoin. It's no different! If not, you can learn to trade with us. You'll be happy to know that it's far easier and faster to move funds on and off of your Bitcoin trading account than other online Forex brokers. Bitcoin lacks a paper trail. Transactions are recorded, but your personal details are not. You can trade privately!
How To Fund a Trading Account with Bitcoin
Bitcoins have transformed into the most efficient currency for online use because of their efficiency and privacy. Using bitcoins, you can deposit and start trading faster than other currencies. That may be as a result of the lack of any monetary institution akin to banks involved with Bitcoin transactions. To get started, register with a trading platform that accepts Bitcoin. Create an account and you will be given a unique address to deposit your Bitcoin to. Next, fund your account by sending Bitcoin to that unique address. To buy bitcoins you need a Bitcoin wallet. Don't be intimidated; it's quite similar to other eWallets like PayPal.
How To Withdraw Bitcoin From a Trading Account
Withdrawing from an internet trading platform is as simple as depositing. You just supply your wallet address, and your wallet is credited along with your Bitcoin earnings. Whilst that happens, the Bitcoin Block Chain will report that transaction. Your account has been credited with a undeniable selection of bitcoins, and that the trading platform account has been debited with the same amount of bitcoins. It's that easy. You'll then head to a website online where folks alternate bitcoins with different sorts of money and change it at an agreed exchange rate. Just remember to enter the address and Bitcoin amount correctly. When you send bitcoins, you can't cancel or reverse the transaction.
What is Bitcoin Forex Trading?
While Bitcoin is a new currency, and many people fear to accept it, the truth is that it isn't really that much different from the traditional money. Its 'mining' is complex, but usage is just as easy as a physical coin. In fact, it much more transparent and secure than other currencies. Using bitcoins is more like use of gold or silver than of credit cards or paper money. Each unit of Bitcoin is verified on the 'block chain' and cannot be owned by two people at the same time. Trading Forex online also has fewer limitations when compared to trading through a broker. It is possible for people to trade like a professional with smaller amounts of capital and lower fees. The best part is, an online trading platform can be accessed anywhere, and any time! Bitcoin has made online Forex trading even better. It makes it more secure and transparent than it has ever been.
Who is Bitcoin-Wager.com?
We are Bitcoin users who have traded on many different online platforms. Want to trade at the best Bitcoin Forex sites? Our website displays only the top rated and most trusted platforms for you to trade at.