Stock trading is one of the ways to augment your income. While buying and selling shares using money is relatively common, few people know that they can trade using Bitcoin.
Yes! You heard it right.
Stock trading with Bitcoin is quick and straightforward, just like funding your bank account. All you have to do is look for a platform that allows Bitcoin as a currency for equities trading. Some programs have a dual feature that you can switch to cash or Bitcoin.
Both stocks and Bitcoin are traded on the same trading dashboard. As a result, converting funds will be quicker and cheaper if you stay on the same platform compared to using multiple broker accounts. If you want to have a more diversified portfolio that includes both stocks and Bitcoin, then the following brokers can help you achieve this at a reasonable cost:
1Broker is an excellent platform for trading stocks, forex, and commodities using Bitcoins. You can start in seconds and trade as soon as your Bitcoin deposit clears.
One of the most significant features of 1Broker is copycat trading. It can copy the trades of profitable and professional traders. 1Broker doesn’t charge any commissions. Most importantly, unleveraged trades have no fees. This means you can hold stock trades open for a long time without any issues.
It lets you trade on the stock market anonymously using Bitcoin deposits. You can deposit on SimpleFX using cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, Ethereum Classic, Monero, and Tether. Be aware that you can only use the same payment system for withdrawals, unless you want to go through additional verification. Moreover, some countries are still on their “restriction list” because of local regulation. One example is the United States, Americans are not allowed to use SimpleFX’s services.
Additionally, SimpleFX is commission-free, meaning there is no trading fee, deposit or withdrawal fee, but they charge a 3% inactivity fee (minimum 25 USD) if it notices that you are not trading for a while.
Avatrade is one of the best platforms if you want to trade many different assets, including the US, European, and Asian stocks.
It was launched in 2006 in Ireland and currently serving more than 150 countries worldwide. However, you cannot deposit Bitcoin directly on Avatrade. What you can do is to put money into your account so you can trade Bitcoin and stocks on the same platform using CFDs.
You can also use altcoins on Avatrade such as EOS, Ethereum, IOTA, Dash, Litecoin, Ripple, Neo, and Stellar.
WATCH OUT: Because you will be charged 50 USD if you do not use your Avatrade account for 3 months.
The company was founded in 2008, and it was one of the first brokers that offer Bitcoin CFDs. It is a trading platform where you can copy other traders’ successful strategies. Although you cannot deposit Bitcoin directly on eToro, you can use a lot of alternative payment providers to fund your account including Neteller, PayPal, and Skrill. All prices are in US dollars, and there is no initial deposit. In addition to this, eToro accepts various currencies such as EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, and PHP.
However, eToro is charging 10 USD inactivity fee per month if you did not log in for 1 year.
The trading platform offers services to more than 100 countries worldwide. Nevertheless, eToro does not operate in Canada, Japan, and Turkey.
It is a non-custodial mobile wallet for cryptocurrency. Abra lets you stock all your crypto and keeps access to the private keys. There is a brand-new feature that enables you to exchange your crypto into stock and ETF CFDs. This means you can trade securities like Apple, Netflix, Nike, Tesla, etc. Also, you can invest in ETFs like the SPDR S&P 500 ETF.
Bitcoin is a great way to diversify your portfolio and acquire more stocks and Bitcoins. As mentioned earlier, some platforms allow you trade stocks, forex, commodities, and Bitcoin. So, it’s clear that stock trading using Bitcoin can help you earn more profits! It’s integral to take some time to choose a legit broker that suits your trading style so you can minimize risks and maximize your earnings.