Bitcoin is the most valuable and most popular cryptocurrency in existence today, and is used for many purposes, including payment, speculation, and as a digital store of value. Due to the rising popularity of bitcoin and cryptocurrencies in general, many regulated forex brokers today accept bitcoin as a way to fund trading accounts.
Compared to traditional international bank transfers, bitcoin offers much faster and cheaper transactions. However, it’s worth keeping in mind that although transaction fees on the bitcoin network are generally low, they do vary with the activity on the network. During periods of high transaction volumes, transaction fees also rise. In addition to that, some regulated forex brokers may charge a small fee on their own for processing the bitcoin deposit.