The bitcoins market is relatively immature compared to other markets and so there is limited ways to trade them. Currently you can trade the spot market – trading bitcoins directly as you would the forex market.
To access the market, you need to setup an account with a bitcoin broker. It's also worthwhile you knowing the settlement and order matching processes for when you do trade bitcoins.
Among tradimo's partners, bitcoins can be traded atand .
Learn more about bitcoin brokers
Open your account through tradimo and get:
How to place an order with bitcoin
Placing an order on a platform is quite simple, allowing the user to specify a limit or get filled via the market.
You are able to specify a dollar amount (depending on your base currency) and the number of bitcoins you would like to purchase or sell.
Markets.com offers the MetaTrader 4 (MT4) software to trade bitcoins. tradimo offers great. eToro offers its own trading software.
How order matching works with bitcoin
At Markets.com and eToro, you can make a financial bet about bitcoins – you can go long (buy) or short (short) – and benefit from rising or falling bitcoin prices.
So far you have learned that...
- ... to access the bitcoins market, you need to set up an account with a bitcoin broker.
- ... placing a trade is straight forward with a bitcoins broker. You can specify the amount of bitcoins you would like to purchase and the price that you wish to get filled at.
- ... bitcoins can be subject to wide spreads and reduced liquidity.
Get our top lessons for serious new traders as well as broker and software promotions regularly to your email address.