Bitcoin Payments Brokers 2024
Bitcoin is a decentralized network of digital money, powered by users. Bitcoin provides crypto payments to businesses with integration via an API plugin so they can receive transfers across the globe regardless of market size and volume.
Our review looks at Bitcoin payments as a deposit and withdrawal method for traders. We explain how to make a transfer request, how long payments take, and list the top brokerages accepting Bitcoin deposits in 2024.
Best Bitcoin Platforms
Based on our analysis, these are the best 10 brokers that offer Bitcoin deposits:
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1
Pocket Option50% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50$1MISABinary Options, Currencies, Commodities, Stocks, Indices, CryptosWeb, MT4, MT5Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, AirtelUSD -
2
IQCent20% to 200% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500IFMRRCBinary Options, CFDs, Forex, Indices, Commodities, CryptoOnline Platform, TradingViewCredit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, MastercardUSD, EUR -
3
RedMars
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
€2500.01 Lots1:30 (Retail), 1:500 (Pro)CySEC, AFMCFDs, Forex, Stocks, Indices, Commodities, CryptosMT5Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, VisaUSD, EUR -
4
Capitalcore40% Deposit Bonus up to $2,500
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.01 Lots1:2000IFSAForex, Metals, Stocks, Cryptos, Futures IndicesWebTrader, ProEthereum Payments, Mastercard, Visa, Perfect Money, Bitcoin Payments, Debit Card, Credit Card, PayPalUSD -
5
CloseOption$10 Welcome Gift
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$5$1National Bank of GeorgiaBinary Options on Forex & CryptosOwnPayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum PaymentsUSD -
6
CEX.IO
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$20$1GFSCCryptosTradingViewDebit Card, Credit Card, Wire Transfer, Swift, Skrill, Visa, Mastercard, PayPal, Neteller, Apple Pay, Google Wallet, Bitcoin PaymentsUSD, EUR, GBP -
7
UpholdTerms Apply. Cryptoassets are highly volatile. Your capital is at risk.
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$0$1CryptosDesktop Platform, Mobile AppWire Transfer, ACH Transfer, Bitcoin Payments, Debit Card, Credit Card, Mastercard, Visa, Ethereum PaymentsUSD, EUR, GBP -
8
Videforex20% to 200% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500Binary Options, CFDs, Forex, Indices, Commodities, CryptoTradingViewSkrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB -
9
xChief$100 No Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.01 Lots1:1000ASICCFDs, Forex, Metals, Commodities, Stocks, IndicesMT4, MT5Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, VoletUSD, EUR, GBP, JPY, CHF -
10
Axofa10% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10.01 Lots1:1000SVGFSAForex, CFDs, Stocks, Indices, CommoditiesMT5Debit Card, Credit Card, Visa, Mastercard, Neteller, Skrill, Bitcoin Payments, Wire TransferUSD, IDR
Here is a summary of why we recommend these brokers:
- Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
- IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
- RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
- Capitalcore - Capitalcore is an offshore broker, based in Saint Vincent and the Grenadines and established in 2019. Traders can choose from four accounts (Classic, Silver, Gold, VIP) with lower spreads and larger bonuses as you move through the tiers. Where Capitalcore distinguishes itself is its high leverage up to 1:2000 and zero swap fees, though these don’t compensate for the weak oversight from the IFSA and paltry education and research.
- CloseOption - CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
- CEX.IO - CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.
- Uphold - Uphold is a digital asset platform offering a range of services, from crypto trading and staking to payment cards that provides rewards and easy multi-currency payments. The company was established in 2015 and has enabled $4+ billion in transactions. Uphold is now active in 180+ countries and deals in 200+ crypto and fiat currencies.
- Videforex - Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
- xChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
- Axofa - Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa remains an attractive option, although the broker does not hold a reputable license.
Bitcoin Payments Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
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$50 | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | Web, MT4, MT5 | - |
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$250 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | Online Platform, TradingView | 1:500 |
|
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€250 | CFDs, Forex, Stocks, Indices, Commodities, Cryptos | MT5 | 1:30 (Retail), 1:500 (Pro) |
|
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$10 | Forex, Metals, Stocks, Cryptos, Futures Indices | WebTrader, Pro | 1:2000 |
|
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$5 | Binary Options on Forex & Cryptos | Own | - |
|
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$20 | Cryptos | TradingView | - |
|
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$0 | Cryptos | Desktop Platform, Mobile App | - |
|
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$250 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | TradingView | 1:500 |
|
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$10 | CFDs, Forex, Metals, Commodities, Stocks, Indices | MT4, MT5 | 1:1000 |
|
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$1 | Forex, CFDs, Stocks, Indices, Commodities | MT5 | 1:1000 |
Pocket Option
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Pocket Option Quick Facts
| Bonus Offer | 50% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Regulator | MISA |
| Platforms | Web, MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | $1 |
| Account Currencies | USD |
Pros
- Extremely fast and smooth sign-up process that takes less than 2 minutes
- The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
- The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
Cons
- You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
- Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
- The MISA is a weak regulator with limited investor protection for retail traders
IQCent
"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "
IQCent Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Regulator | IFMRRC |
| Platforms | Online Platform, TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR |
Pros
- The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92%
- The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies
- The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
Cons
- IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month
- The market analysis is very basic with limited technical summaries and insights from analysts
- There's no automated trading support for algo traders
RedMars
"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
Christian Harris, Reviewer
RedMars Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
| Regulator | CySEC, AFM |
| Platforms | MT5 |
| Minimum Deposit | €250 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Account Currencies | USD, EUR |
Pros
- Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests
- The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
- Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
Cons
- While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
- With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
- The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
Capitalcore
"The major selling points of Capitalcore are its high leverage options up to 1:2000 and zero commission or swap fees. However, its weak regulatory oversight from the IFSA and non-existent education place it far behind the top brokers."
Capitalcore Quick Facts
| Bonus Offer | 40% Deposit Bonus up to $2,500 |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, Metals, Stocks, Cryptos, Futures Indices |
| Regulator | IFSA |
| Platforms | WebTrader, Pro |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:2000 |
| Account Currencies | USD |
Pros
- The Capitalcore platform provides comprehensive charting tools and a wide range of 150+ technical indicators, ideal for detailed market analysis.
- Capitalcore is one of the only brokers to charge zero swap fees, which may appeal to Islamic traders looking to comply with Islamic Finance.
- Unlike most brokers, Capitalcore offers an unlimited demo account that takes under 5 minutes to open.
Cons
- Platform support is limited to proprietary software, so there's no integration with the market-leading MetaTrader or cTrader, which offer built-in economic news and support automated trading.
- Capitalcore’s threadbare education and research seriously trail category leaders like IG, making it less suitable for aspiring traders.
- The web platform was inconsistent during testing, with occasional technical glitches that meant the trading platform wouldn’t load.
CloseOption
"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
CloseOption Quick Facts
| Bonus Offer | $10 Welcome Gift |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options on Forex & Cryptos |
| Regulator | National Bank of Georgia |
| Platforms | Own |
| Minimum Deposit | $5 |
| Minimum Trade | $1 |
| Account Currencies | USD |
Pros
- CloseOption offers weekly trading tournaments with cash prizes
- The user-friendly platform is compatible with most web browsers
- Multiple global payment methods are available
Cons
- CloseOption is not regulated by a well-regarded trading authority
- Clients need to deposit $50,000+ to qualify for the best payouts
- Binary options are only available on fiat and digital currencies
CEX.IO
"CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."
CEX.IO Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Cryptos |
| Regulator | GFSC |
| Platforms | TradingView |
| Minimum Deposit | $20 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, GBP |
Pros
- The $20 minimum deposit makes the broker accessible for beginners
- There's a wide range of global payment methods available including PayPal
- Crypto leverage is available up to 1:3
Cons
- A maintenance fee applies after 12 months of no activity
- The broker has limited regulatory oversight
- Deposit and withdrawal fees are relatively high, including 0.3% + $25 for SWIFT withdrawals
Uphold
"Uphold remains a top choice for crypto investors looking for a one-stop-shop solution to accessing the markets. There are over 250 tokens to buy, sell and trade through flexible platform options."
William Berg, Reviewer
Uphold Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Cryptos |
| Platforms | Desktop Platform, Mobile App |
| Minimum Deposit | $0 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, GBP |
Pros
- UK users can get the Uphold card with up to 2% cashback in XRP
- Uphold continues to remain ahead of the industry, often being one of the first platforms to list new crypto tokens
- The proprietary app is extremely easy to use with a slick design and navigation
Cons
- There is a 2.49% fee if you want to use debit or credit cards
- Uphold operates with limited regulatory oversight
- Customer service is slow based on tests, with limited contact options
Videforex
"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "
Videforex Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Platforms | TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Pros
- Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
- Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
- Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
Cons
- The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
- The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
- Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
xChief
"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."
xChief Quick Facts
| Bonus Offer | $100 No Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Metals, Commodities, Stocks, Indices |
| Regulator | ASIC |
| Platforms | MT4, MT5 |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY, CHF |
Pros
- Traders can access a copy trading solution via the MetaQuotes Signals service
- The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
- The broker offers a turnover rebate scheme geared towards active investors, as well as trading credits and several other occasional bonuses
Cons
- The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
- xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
- The broker trails competitors when it comes to research tools and educational resources
Axofa
"Axofa could be a good option for clients looking for social trading features alongside the MT5 platform. The low entry requirements and ECN spreads are particularly promising, but the lack of transparency and respected regulatory oversight raises security concerns."
Axofa Quick Facts
| Bonus Offer | 10% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFDs, Stocks, Indices, Commodities |
| Regulator | SVGFSA |
| Platforms | MT5 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, IDR |
Pros
- The broker offers a range of local payment methods, especially for clients in Asia, as well as crypto deposits
- Low ECN spreads are available from 0.0 pips, plus reasonable commissions at $3.50 per side
- There's a proprietary social/copy trading service for beginners looking to follow successful strategies and for experienced traders looking to sell their strategies
Cons
- The offshore operations and lack of any regulatory oversight is a major concern
- There is limited verifiable information about the broker’s owners and background
- There is a lack of transparency around pricing and account conditions, which significantly reduces the trust score
How Did We Choose The Top Bitcoin Payment Brokers?
To uncover the top Bitcoin brokers, we:
- Searched our database of 500 online brokers, focusing on all those that accept Bitcoin payments
- Ensured that they support Bitcoin deposits and withdrawals for day trading
- Listed them by their total rating, leveraging our in-depth observations and 100+ data points
About Bitcoin Payments
Bitcoin was the first provider of cryptocurrency payments developed in 2009. It is still a relatively new transfer system for businesses and individuals to accept, however, it is forecast that the cashless payments market will double by 2030 due to the increased flexibility of B2B transfers and the mass adoption of Bitcoin. The coin itself is expected to exceed $100,000 by 2025, according to some market commentators.
Businesses like Mastercard are also looking to follow in PayPal’s footsteps and integrate Bitcoin payments for subscriptions, brokerage deposits, bills, and salary transfers.
Pros Of Investing With Bitcoin Payments
Secure Transactions
One of the key benefits of making Bitcoin payments is the anonymity and security offered to traders, based on the crypto’s underlying blockchain technology. No sensitive data needs to be shared on the internet when making transactions. There is no requirement to share credit card information, for example.
Payment Accessibility
It is easy to send and receive Bitcoin cross-border international payments, at any time and volume per day, as users are in full control of transactions. As long as you have a crypto wallet and a forex brokerage that accepts BTC deposits, you can simply fund your account as you would with any other payment method, such as a bank transfer.
Cons Of Investing With Bitcoin Payments
Limited Availability
While many Bitcoin brokers allow investing in cryptocurrencies on their websites and platforms, BTC is not yet widely accepted as an online deposit and withdrawal payment method due to the volatility and anonymity of the currency. Traders are restricted in their choice of providers until Bitcoin payments are universally adopted.
Limited Protection
Bitcoin is not recognized as a currency in every global market and is subject to review by regulators. Countries such as Canada and South Africa, for example, do not recognize or verify Bitcoin payments as legal tender while Australia and the Philippines do.
As a result, we’re likely to see more countries and regulators take a stance on Bitcoin which may impact your ability to make crypto deposits.
Volatility
The number of businesses accepting cryptocurrency as a recurring method is still small. Its developmental nature and relatively unknown price reactions to market factors have been influences for companies such as Steam and Amazon not to accept Bitcoin payments. And because the price of the coin can fluctuate hugely, the value of your crypto when you deposit vs withdraw can change substantially.
Cost
Compared to other cryptos, such as USDT and XRP, Bitcoin is relatively expensive. The average BTC transaction fee is $7.63 as of 2024 and the token therefore faces fierce competition from other coins which typically offer average fees of less than $2.
Speed
Bitcoin payments are fast, with consensus settlement averaging 10 minutes for confirmation, while micropayments via the Lightning Network can settle in under one minute. Payments via Bitcoin are also not subject to pending delays such as currency conversions or bank holidays, allowing users to make payments anywhere and anytime.
Check your exchange’s website for individual time constraints on deposits and withdrawals.
Security
Bitcoin payments are encrypted through the blockchain ecosystem and each transaction is unique. The payment gateway provides high levels of security, though there is limited password recovery so it is the user’s responsibility to protect funds.
Bitcoin suggests using the following security protocols:
- Back up wallets regularly
- Add two-factor authentication to wallets
- Use the latest versions of market software
- Don’t hold large amounts in Bitcoin accounts
- Encrypt wallets with passwords for withdrawals
- Don’t send payments to unconfirmed and unverified accounts
For added protection, you may want to consider keeping your BTC in cold storage on a physical offline wallet. This way your Bitcoin is safe from hacks and website malfunctions. A popular option is the Ledger Nano. However, if you want direct access to all of your coins in order to day trade this may not be possible.
How To Deposit Using Bitcoin
Bitcoin accepts various deposit methods including credit cards, USD bank transfers, and other cryptocurrencies via payment portals such as Binance and Coinbase. It is best to check the offering of each cryptocurrency exchange and choose which one suits your investment needs, whether that be accepting mobile app payments or favorable foreign currency conversion fees. In some cases, it is also possible to split Bitcoin payments across digital wallets and fiat currency.
Crypto attributes make Bitcoin payments challenging for both ecommerce and clients – all deposit transactions must be made manually by the investor. Log in to your account and follow your exchange’s process to make a Bitcoin payment.
Fees
Bitcoin payments can be free. However, many wallets charge default fees, such as Electrum, though higher charges can result in faster confirmation times. Fees are not generally related to the number of Bitcoins being sent and can be reviewed before executing the transaction.
Brands such as LiteForex and FX Choice offer free deposits and withdrawals using Bitcoin, though this is subject to the cryptocurrency network system.
Are Bitcoin Payments Good For Day Trading?
Bitcoin offers a relatively new digital payment method as a cryptocurrency gateway, with flexibility and few requirements to send transactions globally. There is limited acceptance of Bitcoin payments across merchants, including brokerages, due to its volatile nature. However, this is expected to change in the future as an increasing number of individuals, companies and governments adopt the crypto.
We have also compiled a guide to day trading Bitcoin.
FAQ
How Do Bitcoin Payments Work At My Broker?
Bitcoin payments are stored and executed via a decentralized blockchain network, which is essentially a digital ledger built and run by users. Nodes verify transactions and get paid in BTC. The Bitcoin payment infrastructure means it is harder for governments to control vs fiat currency.
Are Bitcoin Deposits To My Trading Account Safe?
Bitcoin payment gateways have high levels of transaction security, though it is always the user’s responsibility to protect funds. If your account is hacked or you forget your password, you may lose your tokens. Using escrow payments and new Bitcoin addresses may help protect against scams.
The Broker Is Saying My Bitcoin Payment Has Not Been Received, What Should I Do?
Check the receiving address is correct, Bitcoin payments are irreversible within 24 hours if the transaction is unconfirmed. See if the payment is showing a confirmation in the blockchain tracker, if so, the payment has been received. If not, speak to the broker to confirm the transaction details are correct.