Many CFD & forex brokers today accept Bitcoin as a payment method to fund trading accounts. The biggest benefit of using Bitcoin to make deposits into a forex trading account is that the transaction is quick and cheap to make. A problem with it, however, is that many forex traders and brokers are not familiar with Bitcoin and therefore don’t know how to make a bitcoin transfer.
Bitcoin is the biggest and most popular cryptocurrency in the world today. Although it has been promoted as a “digital store of value,” Bitcoin has suffered from wild price swings relative to fiat currencies like the US dollar and the euro. If volatility is reduced and bitcoin becomes easier to use, it is likely that more forex brokers will accept Bitcoin as a payment method in the future.