Best Bitcoin Brokers
Bitcoin, the first and largest cryptocurrency, is one phenomenal instrument to trade. It is critical, however, to only trade bitcoin with a well-established forex broker. The following advantages of reliable forex brokers will give you the edge in your bitcoin trading:
- Superior execution speeds
- Deep liquidity pools
- Reliable and smart order execution
- Regulated and fair dealing
- Various order types
- Dedicated customer support
- Robust and proven trading platforms
- Infrastructure redundancy – hardware, software, and connectivity
- Easy account opening, deposits, and withdrawals
Top Bitcoin Brokers
Why Trade Bitcoin?
Bitcoin has grown exponentially since its creation and implementation in 2008/9 and has been an incredible instrument to trade, offering unheard-of returns. Besides offering magnificent returns on investments, trading bitcoin presents these advantages:
- Largest market capitalization among cryptocurrencies
- World’s most liquid cryptocurrency
- Regarded as a dynamic safe haven asset and hedge against Central Bank and fiat currency failure
- Excellent way to diversify investment portfolios
- Traded even when other markets are closed – 24/7, 365 days a year
How to Trade Bitcoin – A Flash Guide
Bitcoin is traded on the above-mentioned forex brokers’ trading platforms with CFDs (contracts for difference). It’s just as easy and efficient as trading forex pairs, commodities, and stocks. You can also use stop loss-, take profit, and all the other entry orders offered by these brokers.
Because of its volatility, bitcoin is best traded by using low leverage, if any. Although the buy-and-hold trading strategy has yielded exceptional results since bitcoin was first traded, other shorter-term trading strategies can also be implemented. You can read ‘How to Trade Bitcoin Trading Signals for in-depth information about this incredible financial instrument.