Bitcoin and other cryptocurrencies have taken the world by storm in recent years, and many ECN forex brokers have jumped on the trend by accepting bitcoin as one of the methods for funding trading accounts. As with other cryptocurrencies, one of the main benefits of using bitcoin to fund a trading account is that is it accessible to anyone in the world, regardless of regulations, currency controls, or other restrictions imposed by banks or governments.
The fee for making a bitcoin transaction depends on the activity on the bitcoin network. During periods of high high network activity, fees are slightly higher, while they go down during periods of low activity. However, the total cost of funding an ECN trading account with bitcoin still varies between different brokers, with some brokers processing the payments free of charge and others charging a small fee for it.