Bitcoin as a deposit and withdrawl method
Bitcoin or BTC, the most well-known cryptocurrency, is also most common when it comes to payment methods among cryptocurrencies. If you have Bitcoin in your wallet, it’s easy to get started with a professional cryptocurrency broker, or currency broker for that matter. The fast transfer speed allows you to be up and running in minutes with a new trading account. See the best options for making a deposit with Bitcoin below. Would you rather buy bitcoin? Then check out the cheapest, easiest and most secure way through eToro.
Table of Contents: Overview
- 1 1 brokers offer Bitcoin
- 2 What is the Bitcoin price right now?
- 3 Short facts
- 4 3 easy steps to Bitcoin payments
- 5 How did Bitcoin start?
- 6 Costs associated with Bitcoin
- 7 Biggest advantages?
- 8 Biggest disadvantages?
- 9 Who founded Bitcoin?
- 10 What is bitcoin’s highest value?
- 11 Is there an amount limit for Bitcoin transactions?
- 12 Is the company authorised by FCA?
- 13 Can you use BTC as a withdrawal method?
- 14 Is there a Bitcoin App?
- 15 How to report complaints or problems?
1 brokers offer Bitcoin
Bitcoin is the most recognised cryptocurrency and there are plenty of places to initiate trading with this digital currency. Simplify your trading with smooth transfer and use Bitcoin, you too.
Below we list the Bitcoin brokers we recommend with the highest rating first.
What is the Bitcoin price right now?
Find the prices for Bitcoin in real time below.
BTC/EUR
BTC/USD
ETH/BTC
Short facts
How fast can a Bitcoin payment be made? Between 5-10 sec as a returning customer, or 1 minute as a new customer.
Which country does Bitcoin come from? There are many indications of Japan, but nothing has been confirmed.
How do I contact Bitcoin? There is no customer support. You can talk to the marketplace you use if you have any questions.
Available to customers from: All over the world, except countries like Algeria, Bolivia, Morocco, Nepal, Pakistan and Vietnam where the government bans all use.
Inofficial website: https://bitcoin.org/.
3 easy steps to Bitcoin payments
You get started really easily.
1. First select a currency broker.
2. Decide how much you want to deposit.
3. Click on Bitcoin as the payment option.
Rating: 9.56/10
Minimum deposit: 50 GBP
Description: Bitcoin + Trading = True. Try with AvaTrade today!
Risk warning: 71% of retail investor accounts lose money when trading with Avatrade.
How did Bitcoin start?
In January 2009, shortly after the real estate crash, the pseudonym Satoshi Nakamoto launched Bitcoin. The goal has since been to be able to send transfers or payments without any third party being involved. Unlike traditional currencies, Bitcoin does not rely on any central bank. Critics say that BTC is mostly used for money laundering, while proponents of Bitcoin believe that it protects against political influence and is the only system that is so fast, secure and stable.
Costs associated with Bitcoin
For you as a customer, Bitcoin transfers normally cost a low percentage , often around 0.15% of the transfer if you run with competitive companies such as Stormgain. While Stormgain has a 0% deposit fee, they do have a fixed withdrawal fee of 0.0006 BTC and a 0.1% additional fee. For the trading site eToro, there is no deposit or withdrawal fee at all, which is a great advantage. You can read more about eToro here.
Biggest advantages?
+ Goes super fast to get started.
+ Does not have to have all the eggs in the same basket.
+ Low transaction fees.
Biggest disadvantages?
-Not available from most currency brokers, but basically all crypto brokers.
-Criteria mean that Bitcoin is used to launder money.
-There are some rogue players in the industry.
Who founded Bitcoin?
Satoshi Nakamoto is the man behind Bitcoin, although the name is a pseudonym.
What is bitcoin’s highest value?
The BTC/USD stood at 19,166 on December 17, 2017. This is the highest value against the dollar to date. The corresponding highest value for Bitcoin against SEK also took place on 17/12, 2017 when it stood at SEK 169,632 per BTC.
Is there an amount limit for Bitcoin transactions?
No, Bitcoin itself has no restrictions. Sometimes there may be restrictions on your trading site, but normally you can send substantial amounts without any problems.
All companies engaged in the exchange or trading of cryptocurrencies against SEK or other traditional currencies must apply for a permit from the FCA.
Can you use BTC as a withdrawal method?
Yes, at the above broker, things are going well. Sometimes it is required that you use the same deposit and withdrawal method so that EU rules on money laundering do not make it difficult for your currency or cryptocurrency broker.
Is there a Bitcoin App?
No, the company has neither iOS nor Android app. However, you can buy Bitcoin through marketplaces such as eToro.
How to report complaints or problems?
Contact your crypto broker directly, or currency broker if you use one.
Rating: 9.56/10
Minimum deposit: 50 GBP
Description: The highest rated Bitcoin broker supporting deposits and withdrawals in BTC.
Risk warning: 71% of retail investor accounts lose money when trading with Avatrade.
