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Author Topic: Cryptocurrency brokers - your advice?  (Read 9345 times)

Offline Trunk

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Cryptocurrency brokers - your advice?
« on: March 06, 2018, 04:34:22 PM »
IS crypto trading still alive? I mean anybody sees possible opportunity after recent drawdown? If yes, which broker did you choose to trade them?

Offline CanadianPsycho

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Re: Cryptocurrency brokers - your advice?
« Reply #1 on: March 06, 2018, 04:47:16 PM »
Cryptocurrency trading isn't going anywhere, but volumes are low right now as the market continues a depressed downward direction.

Popular cryptocurrency exchanges I can think of off the top of my head include, but are not limited to,

- GDAX (CoinBase's spinoff company)
- Gemini Exchange (Operated by the Winklevoss twins)
- Kraken FX (San' Fran' based with global operations)
- Bitfinex (Largest exchange I believe)
- Quadriga CX (Canadian)
- CoinSquare.io (Canadian)
- Koinex (Indian I think?)
- HitBTC (Chinese I think with global operations)
- BiBox (Also chinese I think?)

and I'm sure there are many more. In fact now that I think about it, if you want to take a look at a list of active exchanges, you can go to the following link which displays crypto exchanges by 24 hour volume for specific currencies.

https://coinmarketcap.com/currencies/volume/24-hour/

Offline Trunk

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Re: Cryptocurrency brokers - your advice?
« Reply #2 on: March 08, 2018, 09:05:19 PM »
what about brokers (maybe forex) which offer short trades without coverage (no btc deposit)
Thanks for advice CanadianPsycho

Offline CanadianPsycho

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Re: Cryptocurrency brokers - your advice?
« Reply #3 on: March 08, 2018, 10:01:36 PM »
Most mainstream FX brokers are offering CFDs to long and short these instruments. I'm not sure what kind of guidance to offer you there aside from a little googling. Like I know Pepperstone and ICM both offer multiple crypto currencies to trade CFDs on. I haven't actually done any of that though because the CFDs are often pretty inflexible with low leverage requirements and minimum contract sizes that are pretty big.
« Last Edit: March 08, 2018, 10:08:48 PM by CanadianPsycho »

Offline dswk

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Re: Cryptocurrency brokers - your advice?
« Reply #4 on: March 13, 2018, 11:31:59 AM »
Hi,
If you wanna to use an MT4/MT5 UI, i'm currently "testing" JAFX (https://www.jafx.com/).
They claim to use the Bitfinex dataflow in a partnership.

note : I've no relationship with them.

Offline Trunk

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Re: Cryptocurrency brokers - your advice?
« Reply #5 on: March 13, 2018, 07:42:07 PM »
Hi,
If you wanna to use an MT4/MT5 UI, i'm currently "testing" JAFX (https://www.jafx.com/).
They claim to use the Bitfinex dataflow in a partnership.

note : I've no relationship with them.

More interesting is what those brokers like jafx, Hotforex use as their counterparty for execution BTC trades (include short sales without holding bitcoins)

Offline donalduck

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Re: Cryptocurrency brokers - your advice?
« Reply #6 on: March 23, 2018, 07:26:50 AM »
I wonder who is LPs those providing bitcoin price for forex brokers?

Offline Trunk

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Re: Cryptocurrency brokers - your advice?
« Reply #7 on: April 17, 2018, 06:46:28 PM »
I wonder who is LPs those providing bitcoin price for forex brokers?

Generally they are Prime LPs, they have higher min requirements (deposit) for trading so retail brokers serve a function of aggregation of small orders into bigger one

Offline Ed Joshue

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Re: Cryptocurrency brokers - your advice?
« Reply #8 on: April 23, 2018, 06:21:54 AM »
Yes, crypto is still alive :) And now waked up. Wait tothemoon.
Well, I heard Amarkets provides an ability to trade crypto such as ripple, BTC or eth. I guess soon they add some new currency because it's really interesting and profitable.
« Last Edit: May 14, 2018, 07:10:58 AM by JohnyIve »

Offline Eliza Abrams

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Re: Cryptocurrency brokers - your advice?
« Reply #9 on: September 06, 2021, 01:42:21 PM »
Crypto trading these days is more alive than ever, but keep in mind that most regulated brokers these days have a leverage cap for cryptos that was mandated by regulators. The the EU, UK and Australia all mandated such leverage caps, and the cap is at 1:2 for crypto pairs.

Offline drunkfx

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Re: Cryptocurrency brokers - your advice?
« Reply #10 on: September 21, 2021, 06:12:18 AM »
Has anybody tried to trade crypto using CFD? How it goes so far? I see at my hotforex platform that spreads are higher and leverage is lower on major pairs like BTCUSD, but are the upsides? Ease of top-ups and withdrawals (no-fees) and better regulation?

 

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