Forex, or foreign exchange is a well-established trading platform. Bitcoin and its crypto ilk have introduced a new wrinkle in that there’s now a digital asset in the mix.
Here are 5 benefits of trading Forex with Bitcoin:
Decentralized Valuation
All kinds of forex investment will have to rely on a capital to begin. The positive thing about Bitcoin is that it doesn’t follow normal market valuation, which means there’s no central government or financial institution to dictate its value.
Trading with Bitcoin ensures you won’t have any issues that affect normal forex aspects, such as inflation rate, growth rate or the economic standing of a specific country.
Robust Leverage
Bitcoin holders have the upper leverage since it has risen tremendously in value over the past few years. If you’ve made an investment in Bitcoin when it started out you could have been a billionaire or at least a very rich man.
Lower Fees
Bitcoin forex brokers incentivize Bitcoin users who want to trade on the platform by offering lower trading fees and deposit requirements.
In a few instance it’s possible to get a matching deposit number or a free online crypto wallet to store their assets in.
No Boundaries
Bitcoin is a cryptocurrency, which means you can enjoy real-time transfers. It’s definitely an advantage versus having to use a credit card, debit card or bank account to buy and sell foreign currencies.
Forex becomes a truly global platform for everyone, regardless of region or country. Anyone can start trading and make money on the internet via Bitcoin exchange.
Excellent Protection
Investors will not need to share their bank account or debit card to websites to purchase Bitcoin. Aside from having complete anonymity you can trade assets without having to worry about getting tracked.
Reputable billionaire investment forex trading crypto will have the latest encryption and anti-hack measures to protect their clients’ assets.