Bitcoin is the most popular cryptocurrency in the world today, and many CFD traders have jumped on the cryptocurrency bandwagon by accepting bitcoin as payment. This makes it very convenient and cheap to fund a CFD trading account, both from the perspective of the trader and the broker.
However, many CFD brokers still face regulatory challenges with accepting bitcoin and other cryptocurrencies. Regulators may not know how to deal with it, and banks do not like it because it represents competition for them. As a result, many of the larger CFD brokers therefore choose to avoid bitcoin as a payment method. However, funding a CFD trading account with bitcoin can still be a great option, particularly for people who hold a large number of bitcoins and are looking to diversify into other assets.