Best Forex Brokers Accepting Bitcoin In 2021
Bitcoin is an online virtual currency (abbreviation “BTC”). No banks carry Bitcoins and there is no centralized exchange for Bitcoin whereas the FX market has several official exchanges where institutions can actively trade.
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 number 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/
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
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 their own unique features.
As they gain popularity, we’ll be covering them in greater details.
Is Bitcoin Legal in Your Country?
The legality of Bitcoin varies by country: from being accepted to being completely banned.
For example, Bitcoin is legal in the United Kingdom, Canada, New Zealand, Hong Kong, Cyprus, the United States and Australia.
And it’s not legal in Russia, Indonesia or Bangladesh.
The whole list of countries that legalized and prohibited Bitcoin can be found at:
Wikipedia’s Legality of bitcoin by country