Can We Trade Stocks With Bitcoins?
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Last year, Bitcoin became more popular than ever before. Many people have now taken notice of the cryptocurrency after it’s price rose over the past few years by 400%. Professional traders and investors from Wall Street as well as other big corporations looked down on Bitcoin and considered it too risky to pay any attention to. Things have changed this year and it appears that Bitcoin is going to become more popular sooner than expected or predicted.
This year, one of the biggest financial companies in the United States, Goldman Sachs, helped a promising startup, Circle, to raise a large amount of money for their business. More than $50 million of investment was provided to improve the company’s infrastructure and help expose Circle’s business to new markets.
Great news and there is one other. The New York Stock Exchange (NYSE) has announced that they launched a Bitcoin price index or NYXBT, which is related to Coinbase. The president of the NYSE group claimed: “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class.”
Therefore, two big companies associated with Wall Street have made steps towards the cryptocurrency and thereby proof that it has a very bright future and is going to play an important role in the financial world. If you’re considering this news as an indicator of whether to invest or trade, then we have advice for you.
Why Use Bitcoins?
Firstly, if you’re going to start trading stocks with Bitcoin, we should warn you. There are still potential risks. Like any other investment business, there may be losses if you’re not aware of what you’re buying and selling. Still interested? Let’s continue.
Why is it interesting for an investor to use Bitcoins in his or her operations? How can we answer this question? There are several reasons why Bitcoin might be attractive as a financial tool. Bitcoin has no large transaction fees or charges. If you’re trading in thousands of dollars, even a fee of 3-4% can prove to be costly. Bitcoin transactions are direct; therefore, you do not need to use third party services such as banks or payment systems. The fewer parties between you and your partner, the fewer expenses for you. Moreover, Bitcoin is a very secure currency. If you follow the rules of safe storage, it is very difficult for your coins to be stolen through the Internet. It depends on how responsible you are, but in general, this is more secure than anything we have had before.
Binance: one of the best exchanges in the world!
If you are looking for a trusted top class crypto exchange that has hundreds of trading pairs on a highly secure site, you should try Binance! Website is nicely designed and works perfectly. The all round high quality of operation and customer experience make Binance one of leading exchange in the industry. Register and find out for yourself!
Looking for an Exchange
We’ve already decided Bitcoin is a good thing for trading, but there exists the problem that a lot of brokers and fat cats from Wall Street still disagree with our view. The task is to find an exchange or a broker who accepts Bitcoins for financial operations and transactions with shares, bonds, and futures, such as with the Dollar and Euro. You don’t have to waste your time surfing the Internet, we have done this for you.
is a company, which offers such services as we have discussed. Such a service is quite new to financial markets, therefore, does not have many players yet. Another is . This company offers to use your Bitcoins to purchase shares on the market. You are able to buy stock in well-known and respected corporations such as Coca-Cola, Western Union, Twitter, and Bank of America etc. Moreover, these companies charge low fees for their service. For example, 1Broker charges a 0.001 BTC fee for withdrawal of your coins and there are no commissions or fees charged for other transactions such as creating an account, trading, deposits, and order placement. Furthermore, this broker, like its competitors, uses a leverage system, which is also much cheaper than what other brokers charge the market. If you are interested in trading this way, you can check out to estimate your charges for the leverage.
Trading stocks for Bitcoins are possible today while it seemed an unlikely option for brokers just a year ago.
There are still a lot of people, even in the financial world, who are supposedly aware of the latest trends, but have ignored Bitcoin as a currency, assuming it to be used primarily for illegal drug purchases.
The progress is coming quickly and we are getting new opportunities to use Bitcoin in our daily lives, in our businesses, and in investments.
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