Bitcoin is the biggest and most popular cryptocurrency in existence today, and a growing number of social trading brokers and traders are familiar with it and how it can be used to make payments online. The cost of making bitcoin transactions vary with the activity on the network, and may therefore go up during periods of high network activity. However, bitcoin transactions will still in most cases be far cheaper and faster than international bank transfers.
A major benefit with bitcoin and other cryptocurrencies is that these payments take place outside of the regulated banking system. This means that currency controls and other restrictions on the flow of capital cannot stop a bitcoin transaction from going through. This makes social trading more accessible for everyone, including traders from countries where it would otherwise not be possible to send money to a social trading forex broker abroad.