What is Bitcoin?
Bitcoin is an online virtual currency (abbreviation "BTC"). No banks carry Bitcoins and there is no centralized exchange for Bitcoin.
Everyone can buy/sell bitcoins on the network. The processing of Bitcoin transactions is done via peer-to-peer online technology and is managed by dedicated Bitcoin servers, so that each time they communicate, they update and share information about the amount of bitcoins owned by each user.
Bitcoin is accepted along with physical currencies around the world, including online trading. To learn more about Bitcoin, visit the official website: https://bitcoin.org/
There you can also watch the video, which explains further about Bitcoin:
Bitcoin has entered Forex trading not so long ago. Currently there are few brokers who accept Bitcoin for trading and deposits/withdrawals.
Bitcoin Forex Brokers
The list of Forex brokers that offer Bitcoin trading
1Broker - offers BTC/USD trading
AvaTrade - offers Bitcoin CFD Trading
Bit4X - allows trading Bitcoin
CFD1000 - offers Bitcoin trading on MT4 & Sirix Station
eToro - allows Bitcoin CFD trading
Forex.ee - allows trading Bitcoins, Litecoins, Peercoins and other popular cryptocurrencies
FX Choice - allows trading Bitcoin
Plus500 - offers BTC/USD trading
VenetFX - allows Bitcoin trading on MT4
The list of Forex brokers that accept Bitcoin deposit/withdrawal
1Broker - accepts deposits and withdrawals in Bitcoin
Bit4X - accepts deposits and withdrawals in Bitcoin
CFD1000 - accepts deposits and withdrawals in Bitcoin
eToro - accepts deposits and withdrawals in Bitcoin
Forex-Metal - accepts deposit and withdrawals in Bitcoin
FX Choice - accepts deposits & withdrawals in Bitcoin
FxOpen- accepts deposit payments in Bitcoin, Litecoin and Namecoin
LiteForex - accepts deposit and withdrawals in Bitcoin
PipStriker - accepts deposit and withdrawals in Bitcoin
SABrokers - accepting deposit and withdrawals in Bitcoin
Traders Trust - accepts deposits in Bitcoin
TradingForex.com - accepts deposits in Bitcoin
VenetFX - accepts deposit and withdrawals in Bitcoin
ZAR FX - accepts deposits and withdrawals in Bitcoin
Other new currencies similar to Bitcoin
There are 2 other new names on the market for decentralized Internet currencies:
- one is called "Litecoin" (Litecoin Wiki)
- the other is "Namecoin" (Namecoin website)
both are based on the Bitcoin protocol, but with own unique features.
As they gain popularity, we'll be covering them in greater details.
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