I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
I dont think its going to be easy to find it because cryptocurrency is not a legal tender in most nations ans governments are trying to prevent them from circulating within the economy thus making their trade illegal and risky.
First the KYC is to prevent multiple accounts . It will not be easy for forex sites to allow forex trading using cryptocurrency as it is not legalized globally.
If i can get you right you said there are forex site who allowed to use crypto as means of payment, mmmh am currently trading using hotforex as my broker, I don't think so if an individual can use crypto as means for payment in forex, because am a begginer in forex trading, but it would be great to use crypto as payment in forex.
I have been into forex for 4months now and I have never heard any forex trading platform that accepts cryptocurrency as a means of crediting ones account. Probably in the future when cryptocurrency has been fully endorsed and legalized throughout the world
For any legal business identity and address verification. If someone wants to skip verifican, there are two possibilities, one the business model is not legal in his country and he wants to do business in a fake identity, two, hia intentions are not good. As far as using crypto in forex trading is concerned, I cannot say anything about this but I believe there is a way to make a deposit with bitcoins through bitcoin prepaid cards.
I wonder why so many freelancers are scared of KYC. When this forum Bizdustry had announced the government ID for verification of identity I think I was the first one to submit a photocopy of my driver's license. Even my profile picture showed my real face. That means I am not hiding anything. No offense meant, I am just curious why the KYC is an issue. Anyway, with regards to the trading in forex that is foreign currency which means it is a trading involving legitimate currency only.
kyc is very important for forex trade officials to have your data in order to secure your assets. l dont think you can byepass kyc in any forex trade platform. if you are worrying about country restrictions change another 1 there are many platforms
Olymptrade forex broker accepts Bitcoin payment and I don't think you need to do a KYC process to be able to use it. This is one feature that made me to like the broker alot. This broker is so seamless and spontaneous.
First, you open a forex trading account with a broker who accepts bitcoins. These include AvaTrade,1 eToro, and LiteForex. 2 You then transfer 2 bitcoins from your digital wallet to the forex broker's digital wallet. If you want to trade using bitcoin, use only a locally regulated forex brokerage.
I have been into forex for 4months now and I have never heard any forex trading platform that accepts cryptocurrency as a means of crediting ones account. Probably in the future when cryptocurrency has been fully endorsed and legalized throughout the world
This is true, but like you said, it is very possible for some forex websites to start accepting crypto currencies as means of payment. I won't like that option though as this will mean that a lot of fluctuations will occur unless they have a plan to make it work better in the future.
I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
Not at all, i have not heard from anyone about cryptocurrency in Forex, its not possible because in several under developing countries like Pakistan, cryptocurrency is banned and its not legal to pay transection by using cryptocurrency.
Coinbase is often referred to as the simplest way to buy Bitcoin. The exchange has been around since 2014 and enables its users to buy Bitcoin and 10+ other cryptocurrencies very easily
First, you open a forex trading account with a broker who accepts bitcoins. These include AvaTrade,1 eToro, and LiteForex. 2 You then transfer 2 bitcoins from your digital wallet to the forex broker's digital wallet. If you want to trade using Bitcoin ,use only a locally regulated forex brokerage.
I have been into forex for quite some number of years and I haven't seen anything like one could be able to use cryptocurrency to trade on forex, it's clearly impossible for now but maybe it would eventually be possible someday in the future. Let's just hope so.
I don't think you can trade forex with cryptocurrency. If you want to trade cryptocurrency that's okay but forex is a different ball game entirely and it uses a recognized legal tender. However if you are using a broker to trade, it will possible to pay using crypto.
I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
I know of one Forex trading platform, Octa FX trading App is the App name, and it's on Play store. I think they also offer Crypto currency as their trading tool as well, I have an account with the platform bUt since I do not know anything much about Forex, I haven't started using it. I'm still learning it now until I'll start using it. you can check the app on PlayStore anyways.
I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
I know of one Forex trading platform, Octa FX trading App is the App name, and it's on Play store. I think they also offer Crypto currency as their trading tool as well, I have an account with the platform bUt since I do not know anything much about Forex, I haven't started using it. I'm still learning it now until I'll start using it. you can check the app on PlayStore anyways.
I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
I know of one Forex trading platform, Octa FX trading App is the App name, and it's on Play store. I think they also offer Crypto currency as their trading tool as well, I have an account with the platform bUt since I do not know anything much about Forex, I haven't started using it. I'm still learning it now until I'll start using it. you can check the app on PlayStore anyways.
Octa is a forex trading app that is been existing for long, it is not easy to learn forex as a person by just reading or watching videos but through mentorship. Crypto currency trading is much simpler to engage on in my opinion.
A lot of this crypto exchangers and as well forex platforms do kyc because of government provisions to avoid things like money laundering and funding terrorism.
A lot of this crypto exchangers and as well forex platforms do kyc because of government provisions to avoid things like money laundering and funding terrorism.
I am surprised that despite that a lot of money laundering cases is still been recorded and i really hope its been reduced ,because the case of fraud keeps increasing because there are some exchange platform with less kyc
The trade of crypto in the forex I dont think it is quite easy to operate in such conditions even thou am not much good at the operation but I think it is not possible but even if it is I wish to know much better about the operation I wish to know much about it.
I am also of the opinion that it is not possible trading forex with cryptocurrency. This is because, just as someone mentioned above, Crypto coins are not legal tender yet and some countries are even trying to ban Crypto as in the case of Nigeria. We all are aware of the recent action by the Chinese government too. That is just my opinion.
I dont think its going to be easy to find it because cryptocurrency is not a legal tender in most nations ans governments are trying to prevent them from circulating within the economy thus making their trade illegal and risky.
The only way that I have experience a situation whereby cryptocurrency is being traded on Forex is on a forest trading platform known as only trade whereby they trade in binary.
I don't think you can trade forex with cryptocurrency. If you want to trade cryptocurrency that's okay but forex is a different ball game entirely and it uses a recognized legal tender. However if you are using a broker to trade, it will possible to pay using crypto.
Yes there is, binary.com allows you to pay in cryptocurrency, fiat currency, and also from agents. They are trustworthy and I have been using them for a while now.
I don't think any forex trading PLATFORM are actually using crypto currency as a means of payment while trading any Currency. The least they use is Fiat currency for payment
I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
Almost all forex site should do that since the asset is on their platform for traders to trade, meanwhile I don't think their is any forex pattern where you can trade crypto without kyc is possible...
I don't think you can trade forex with cryptocurrency. If you want to trade cryptocurrency that's okay but forex is a different ball game entirely and it uses a recognized legal tender. However if you are using a broker to trade, it will possible to pay using crypto.
Yes this day is there so many forex using cryptocurrency however forest Street and cryptocurrency trade are almost similar because they use the same graph representation.
Yes, it's currently very possible. A site like octaforex accepts bitcoin deposit but a lot of people would not want to take that risk because of the fluctuating price of bitcoin. I know what appeals to you is when the price soars but think also what happens when the price reduces
I don't really think that it is easy to that because think you can trade forex with cryptocurrency because it can't be possible for one to do that now.
Even without kyc, forex with crypto currency is not possible at all. The least you use to get a forex running is to use your debit card to make payment in any forex trading PLATFORM you want to use
Forex and crypto are different. I think what you just described is crypto trading. I hope you know you can trade crypto as well, in a way it is similar to forex trading.
For any type of lawful company identification as well as deal with confirmation. If somebody wishes to avoid verifican, certainly there certainly are actually 2 opportunities, one business design is actually certainly not lawful in his nation as well as he wishes to work in a phony identification, 2, objectives are actually bad.
I don't think you can trade forex with cryptocurrency. If you want to trade cryptocurrency that's okay but forex is a different ball game entirely and it uses a recognized legal tender. However if you are using a broker to trade, it will possible to pay using crypto.
The most forex trade now that make use of crystal and it is also good because it is as if you're trading in both forex trading and also cryptocurrency however they use the same graph.
I have not tried myself, but I have seen a lot of forex trading platforms that accept crypto currency as a deposit method. Since paypal or credit card payment is not available to a lot of people, trading companies allow to make deposit through crypto.
I know a lot of places where you can trade for various currency pairs which are fiat currency. I am wondering if there are any forex sites which accept the crypto as a means for payment. And they are doing this without any form of KYC. The reason being having KYC and making use of that data can be wrong if the person is living in different country. So I am wondering if the forex trading with crypto without KYC is possible?
I have not heard or read about cryptocurrency being used to trade forex anywhere. Adopting it would be so ambiguous. Forex trades fiat currencies. So except we start using crypto as a legal tender, this can be possible.
If i can get you right you said there are forex site who allowed to use crypto as means of payment, mmmh am currently trading using hotforex as my broker, I don't think so if an individual can use crypto as means for payment in forex, because am a begginer in forex trading, but it would be great to use crypto as payment in forex.
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