Forex Brokers with Bitcoin Deposit

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: March 14, 2025

‹
• Jump to:
• Main Features
• How to Fund a Forex Account with Bitcoin
• How to Withdraw
• Benefits
• Drawbacks
• Fees and Limits
• Bitcoin Chargeback on a Forex Account
• Security
• Conclusion
›

Forex trading with Bitcoin involves using the digital currency to deposit and withdraw funds from one’s forex trading account. Many forex brokers have started accepting payments in Bitcoin and other cryptocurrencies, providing their customers with low trading costs and enhanced financial security, among other benefits.

1. 

   Fusion Markets

   Rating: 4.5

   74-89% of retail's CFD accounts lose money

2. 

   FP Markets

   Rating: 4.8

   73.85% of retail investor accounts lose money

3. 

   BlackBull Markets

   Rating: 4.8

   Trading leveraged products is risky

4. 

   Global Prime

   Rating: 4.5

   74-89% of retail CFD accounts lose money

5. 

   Axi

   Rating: 4.4

   The vast majority of retail client accounts lose money

6. 

   easyMarkets

   Rating: 4.4

   71% of retail investor accounts lose money

7. 

   Eightcap

   Rating: 4.2

   81.96% of retail investor accounts lose money when trading CFDs with this provider.

8. 

   InstaForex

   Rating: 3.3

   75.02% of retail investor accounts lose money

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Main Features of the Best Bitcoin Forex Brokers

How to Fund a Forex Account with Bitcoin

Bitcoin ranks high among the best payment methods when traders are looking to replenish the balance of their accounts and benefit from low transaction fees and strong security. The process of depositing via Bitcoin is fast and straightforward, requiring several simple steps to be accomplished.

First, traders must register an account with the forex broker accepting payments in Bitcoin. Once registered, they need to undergo a standard account verification procedure, which involves identity verification and source of funds verification, in some cases. Next, you need to select a trading platform and an account type, from the options supported by your broker.

To fund your newly created account, head to the deposit section and pick ‘Cryptocurrency’. Traders must select their preferred cryptocurrency, Bitcoin, and enter the deposit amount. Bear in mind that deposits via crypto are typically processed instantly, with some transactions taking up to an hour. Do not forget to select the correct network for the cryptocurrency you wish to deposit with. The cashier will produce a unique Bitcoin address. It must be copied into your Bitcoin wallet to authorize and complete the transaction.

How to Withdraw from a Forex Account to a Bitcoin Wallet

Withdrawing funds from your forex trading account via Bitcoin is just as easy as depositing. Most brokerage companies require forex traders to use the same method for their deposits and cashouts.

Once in the client area, traders must head to the cashier, click on ‘Withdrawals’, and enter the amount of money they wish to cash out. Next, they must enter the address of their Bitcoin wallet and follow the prompts to complete the request.

While some brokers do not impose minimum withdrawal requirements, make sure to check this in advance, and see if the broker has any specific policy in this respect. Transaction costs are another important factor worth checking out beforehand. Some brokers provide free withdrawals, while others impose a fee, typically disclosed in the ‘Payments’ section or before the transaction is finalized.

Benefits of Using Bitcoin for Forex Trading

As the number of forex brokers accepting Bitcoin and other cryptocurrencies is constantly on the rise, many traders are considering the benefits and drawbacks of using digital currencies to fund their online trading needs. Below, we have listed some of the main benefits of using Bitcoin as a payment method for your forex trades.

1. Low trading costs – Many Forex brokers accepting Bitcoin as a deposit and withdrawal method have waived transaction costs, thus ensuring more favorable conditions for their customers.
2. Low deposit amounts – The initial costs related to setting up a trading account with Bitcoin Forex Brokers may be quite affordable. Some brokers do not impose minimum deposit requirements, and others allow traders to start with as little as $10 or $25.
3. Faster transactions – Crypto transactions are typically processed instantly, greatly reducing the time traders must foresee for their deposits and withdrawals.
4. Enhanced financial security – Bitcoin transactions are suitable for traders who prefer not to disclose their bank account and card details.
5. Lack of global boundaries – global boundaries do not limit Bitcoin transactions. While regulatory challenges may cause restrictions, transactions in Bitcoin are not constricted by geographical boundaries.
6. Decentralized nature – Since Bitcoin and other digital currencies are not tied to a central bank or authority, they are exempted from geopolitical influence and microeconomic issues.

Drawbacks of Using Bitcoin for Forex Trading

Trading Forex using Bitcoin comes also with a set of drawbacks, as is common with other payment methods.

1. Volatility risk – Due to their volatile nature, Bitcoin and other cryptocurrencies may cause fluctuations in your total balance, eventually impacting your earnings.
2. Limited choice of Forex brokers – As not all forex brokers accept Bitcoin payments, this would reduce the total number of companies that would satisfy your requirements.
3. Cryptocurrency regulatory challenges – Since different jurisdictions may approach the regulation of cryptocurrencies differently, there may arise legal uncertainties in transactions involving crypto. Additionally, profits from Bitcoin forex trading may lead to complex tax liabilities in some jurisdictions.
4. Technical challenges – Owning Bitcoin and other cryptocurrencies involves keeping them in crypto wallets. The process of choosing a suitable wallet, setting it up, and managing private keys may involve a steep learning curve that may prove overwhelming for beginner traders. Furthermore, digital wallets, exchanges, and brokers are vulnerable to fraud.

Fees and Limits When Using Bitcoin to Trade Forex

Each Forex broker accepting Bitcoin payments has its policy concerning fees and payment limits. Traders should familiarize themselves with these important terms and conditions to be prepared for their trading-related expenses and the funds they must put aside to open their live accounts.

Most Forex brokers with Bitcoin do not impose additional transaction fees on deposits and withdrawals. Some companies may charge a certain percentage (0.5%-0.75%) or a small flat fee ($5) on withdrawal transactions and this should be indicated on their ‘Payments’ page.

Regarding minimum and maximum deposit requirements, these can differ significantly among various companies. There are Forex brokers with no minimum deposit requirements. Some companies do not put limitations specifically on transactions with Bitcoin and other cryptocurrencies. Others set their minimum requirements somewhere between $10 and $100.

As for withdrawals, some brokers require that the withdrawal amount be equal to the deposit amount and via the same payment method. Withdrawal limits typically start from as little as $10 and can reach $100,000.

Bitcoin Chargeback on a Forex Account

When traders pick a forex broker supporting Bitcoin payments, they should be careful to create an account with a properly regulated company. This is very important if they experience any problems with the funds in their accounts. Requesting a chargeback about a specific transaction or a set of transactions is a possible way to resolve the problems.

Chargebacks occur when a trader raises a complaint against a broker, prompted by various reasons such as unauthorized transactions, dissatisfaction with customer service, or suspected fraudulent activity.

That being said, traders must bear in mind that since crypto transactions are immediate, anonymous, and irreversible, there is no such thing as a crypto chargeback. Once confirmed, transactions are peer-to-peer and not subjected to the control of any centralized authority. Of course, the broker may decide to return the funds in case the customer’s dispute is legitimate.

Security When Trading Forex with Bitcoin

Forex trading with Bitcoin blends the cryptocurrency and the traditional foreign exchange markets in a unique way, providing traders with new opportunities and, simultaneously, exposing them to certain risks.

As mentioned above, one of the main merits of Bitcoin transactions is the anonymity they ensure. They perfectly cater to the needs of traders who do not wish to reveal their banking and card details. Furthermore, the decentralized nature of the cryptocurrency makes it immune to central bank control and governmental interference is less likely.

While Bitcoin’s volatility offers traders chances to accumulate large profits, the chances of incurring losses are also magnified. In addition to the volatility inherent to the cryptocurrency, another risk associated with forex trading using Bitcoin concerns regulatory uncertainties. Countries adopt different approaches to Bitcoin, with some jurisdictions imposing strict prohibitions.

Potential cybersecurity concerns should also be taken into consideration. The chances of losing one’s digital assets due to a compromised wallet or broker underscores the necessity of robust security protocols.

Conclusion

Trading forex using Bitcoin combines the best of two dynamic markets, offering both advantages and disadvantages. Traders will benefit from lower fees and faster transactions, but simultaneously, they must be aware of the regulatory challenges and volatility characterizing cryptocurrencies.

To reduce the associated risks, traders should stay informed about regulations and market trends. They must be aware of how leverage works and utilize proper risk management tools. Portfolio diversification is also key to the success of forex traders using Bitcoin for their transactions.