We found 11 online brokers that are appropriate for Trading Is Bitcoin Safe Investment Platforms.
In January 2021, Tesla revealed it had bought Bitcoins worth $1.5 billion. It reciprocated with the rise in the currency price and jumped to an all-time high of more than $44,000. This was Bitcoin bull, and experts believe it is just the beginning.
Social Capital CEO and founder Chamath Palihapitiya then told CNBC the price of Bitcoin may reach $100,000 soon and may land up to $200,00 in the period of five or ten years.
In this article titled Is Bitcoin Safe, we will look at whether the bulls will continue or whether it is a bubble phase of the coin. We will try to guide you on how to trade safely.
Bitcoin is highly volatile. It was evident due to a couple of major cryptocurrencies touching their all-time high levels amid the COVID-19 pandemic. However, if we look at the historical price movements of Bitcoin, there were several occasions when the prices moved downward.
In 2017, the price of Bitcoin was nearly $20,000. It collapsed in a single day and lost about one-third of its value. A year later, the price further moved down as low as $3,122. Many investors lost money overnight.
The huge drop in 2017 and 2018 was considered big returns for those wanting to invest and big losses for those who invested before 2017.
This is why it is always suggested to invest as much as you can afford to lose. Moreover, it would help if you were prepared both mentally and financially before investing. Even though the price of one unit of Bitcoin is in thousands, one can buy in fractions and can invest as little as a couple of dollars.
In July 2020, several Twitter accounts of celebrities were hacked. A couple of the most famous personalities included Tesla CEO Elon Musk, former President Barack Obama and President Joe Biden. Many questioned the safety of online accounts, including that of Bitcoins.
There are several examples of cryptocurrency thefts and frauds. Bitcoin allows transacting anonymously, and this increases the potential for frauds. However, it is also true that the transactions are not completely anonymous. These are documented on a public ledger where users' wallet is in the format of a unique series of letters and numbers in random order. Moreover, it is hard to hack the ledger.
Many put up the question of whether Bitcoin can be converted to a Fiat currency. It is quickly done. Today, most of the transactions are done by converting to USD, Euro and other Fiat currencies. Lately, PayPal announced it would be accepting Bitcoin as a mode of payment for purchases of goods. The platform explains the transaction is converted into Fiat currencies.
Many worry whether the all-time high value of Bitcoin is a bubble and if it will crash like in 2017 when one-third of the price drop was witnessed in a single day. Some experts argue the 2017 incidence was the result of speculation from retail investors while the current price rise is driven by institutional investors.
Moreover, in recent years, the currency has gained the support of some more prominent investors like Fidelity and PayPal.
Many believe Bitcoin can help in hedging against inflation. Governments control Fiat currencies, and the decision-makers are just a couple of people in the governments. Bitcoin is not centralised and not controlled by any single authority. Its supply is limited due to the halving policy that occurs once every four years. It means the purchasing power is protected with scarcity.
Hence, Bitcoin is a good hedge against inflation, but it cannot be turned into oblivion that it is highly volatile. The price drop may sometimes be beyond imagination and is unpredictable.
This is one of the most important questions. Many newcomers ask whether the currency is safe and if they may earn profit by trading. Making money cannot be guaranteed for such a volatile product, but historical patterns reveal the price may further go up.
Currently, most of the major cryptocurrencies are at their all-time high prices, and experts believe the year 2021 will be best for crypto traders due to the COVID-19 pandemic. Many beginners have started investing in Bitcoins, and many more are thinking to begin soon.
It is critical to suggest that you should make investments within your risk attitude level.
We have conducted extensive research and analysis on over multiple data points on Is Bitcoin Safe to present you with a comprehensive guide that can help you find the most suitable Is Bitcoin Safe. Below we shortlist what we think are the best Is Bitcoin Safe Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Bitcoin Safe.
Selecting a reliable and reputable online Is Bitcoin Safe Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Is Bitcoin Safe Investment Platforms more confidently.
Selecting the right online Is Bitcoin Safe Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Is Bitcoin Safe Investment Platforms trading, it's essential to compare the different options available to you. Our Is Bitcoin Safe Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Is Bitcoin Safe Investment Platforms broker that best suits your needs and preferences for Is Bitcoin Safe Investment Platforms. Our Is Bitcoin Safe Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Is Bitcoin Safe Investment Platforms.
Compare Is Bitcoin Safe Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Is Bitcoin Safe Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Is Bitcoin Safe Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Is Bitcoin Safe Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Is Bitcoin Safe Investment Platforms that accept Is Bitcoin Safe Investment Platforms clients.
Broker | IC Markets | XTB | Pepperstone | AvaTrade | EasyMarkets | SpreadEx | FXPro | Plus500 | Admiral | webull | tradezero |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | No minimum deposit | 200 | 100 | 100 | 1 | 100 | 100 | 200 | 50 | 500 |
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Used By | 180,000+ | 1,000,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 5,000+ | 2,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with pepperstone |
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Up with avatrade |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with plus500 |
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Up with admiralmarkets |
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Up with webull |
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Up with tradezero |
Risk Warning | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Your capital is at risk |
Demo |
IC Markets Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
Webull Demo |
TradeZero Demo |
Excluded Countries | US, IR, CA, NZ, JP | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US, IN, PK, BD, NG , ID, BE |
You can compare Is Bitcoin Safe Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top Is Bitcoin Safe Investment Platforms below.