Forex Brokers Accepting Bitcoin Deposits

Written by Zornitsa Stefanova
Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.
, | Updated: May 14, 2024

You wish to deposit anonymously to your trading account but struggle to find a reliable Bitcoin broker? Best Brokers simplifies the selection process with a comprehensive list of the best trading sites facilitating deposits with Bitcoin and other popular cryptocurrencies. We based our top 10 ranking on extensive research, covering all vital aspects of the recommended brokers’ operations, such as funding costs, spreads, tradable financial instruments, and overall reputation.

1Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
2Tickmill
Rating: 3.4 ⭐
70% of retail investor accounts lose money
3Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
4FP Markets
Rating: 4.8 ⭐
73.85% of retail CFD accounts lose money
5FXTM
Rating: 3.5 ⭐
6Eightcap
Rating: 4.3 ⭐
76.09% of retail investor accounts lose money
7BlackBull Markets
Rating: 3.6 ⭐
8Exness
Rating: ⭐
9OctaFX
Rating: ⭐
10easyMarkets
Rating: 4.5 ⭐
71% of retail investor accounts lose money

Top 10 Brokers for Bitcoin Deposits

  1. Global Prime has over a decade of experience providing low-cost trading services for over a decade, attracting traders worldwide with favorable conditions, razor-sharp spreads, and flawless order processing. The broker caters to clients with over 150 tradable instruments, ranging from forex and stocks to cryptocurrencies, precious metals, and indices.

    The company is in good standing with the financial regulators of Vanuatu and Australia, upholding high levels of fairness, security, and trading transparency. Global Prime enables clients to deposit instantly with Bitcoin, among other cryptocurrencies. Crypto transactions attract no additional fees with this brokerage, with minimum deposits starting at $10.

    Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
  2. Launched in 2014, Tickmill has grown to service over 400,000 satisfied customers from multiple regulated markets across Europe, Australia, and Asia. The broker attracts retail clients with a competitive fee structure, transparent trading conditions, and flawless execution, with order processing speeds averaging 20 milliseconds.

    Over 600 financial instruments are available for trading at Tickmill via commission-free and raw-spread accounts. Clients can fund their trading activities via Bitcoin, Ethereum, and Tether. Minimum deposits start at $100 for both account types. Transaction times range from several minutes to one day, depending on customers’ verification status.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  3. Fusion Markets is a relative newcomer as it debuted on the retail trading scene in 2019. Despite its young age, the broker quickly gained traction in the online trading community thanks to its tight spreads, below-average commissions, and no-dealing desk intervention during order execution.

    The top-rated brokerage provides a choice from over 150 financial instruments, including over 90 forex majors, crosses, and exotic pairs. It falls under the regulatory purview of one first-tier regulator (ASIC) and two offshore watchdogs (VFSC, SFSA). Customers can conduct deposits with Bitcoin, cards, bank transfers, and digital wallets.

    Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
  4. FP Markets is a reliable online broker headquartered in Sydney, Australia. Its parent company, First Prudential Markets Limited, has regulated subsidiaries in multiple jurisdictions, including Cyprus, Australia, South Africa, and Seychelles. Retail traders favor this broker for its consistently tight spreads, market-leading commissions, and deep liquidity.

    On top of these merits, FP Markets provides an excellent choice from over 10,000 tradable symbols for forex, commodities, shares, futures, and indices. The broker facilitates crypto transactions via the LetKnow Pay platform, allowing clients to deposit with Bitcoin, Ripple, Tether, and Ethereum. Crypto deposits may take up to one hour to reflect in your balance.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.23% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  5. 5. FXTM

    FXTM is a trusted broker well-calibrated to the needs of traders across the board, offering extensive educational content and analysis tools for improved trading performance. The broker reaches one million customers from over 150 countries and operates with licenses granted by CySEC, CMA, FCA, and FSC.

    Clients will benefit from a versatile selection of over 1,000 tradable markets and spreads from zero pips with certain account types. The broker accepts deposits with various cryptocurrencies, including Bitcoin, Tron, Ethereum, and Tether. Crypto users can deposit between $10 and $600,000 per transaction.

  6. If you want to trade with an award-winning broker, Eightcap is just the right trading site for you. The broker adheres to the strict regulatory requirements of tier-1 financial watchdogs like ASIC, FCA, and CySEC. Its product lineup is quite solid, comprising over 800 instruments tradable at competitive prices, with spreads as low as 0.0 pips.

    Customers of Eightcap can place orders via familiar third-party platforms like MetaTrader 4, MetaTrader 5, and TradingView. Trading directly in your browser via WebTrader is also an option. Depending on where you live, you may be able to fund your account with cryptocurrencies like Tether and Bitcoin.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  7. BlackBull ranks among the best brokers when it comes to diversity of tradable instruments and execution speeds. The broker offers no-dealing desk order processing for over 26,000 financial markets, ranging from forex and commodities to futures, shares, and indices. Based in Auckland, BlackBull is a multi-regulated broking firm that holds licenses from ASIC, FSA, and FMA.

    Registered customers can top up their live trading accounts via cryptocurrencies like Bitcoin and Litecoin, although the broker also accepts fiat-based payment methods like cards and e-wallets. Trading is possible via MT4, MT5, TradingView, and the broker’s proprietary software.

  8. Exness is a reliable CFD provider with a competitive fee structure and low spreads for various tradable assets, including forex, commodities, stocks, and crypto. Over 800,000 traders have chosen this broker for its instant withdrawals, reliable order execution, and 24/7 support service. The broker’s FCA, CySEC, and FSCA licenses lend it an added degree of credibility.

    Transacting with Exness is a breeze as the company boasts a robust payment ecosystem, facilitating seamless deposits and withdrawals. The broker offers a broad range of payment solutions, including cards, e-wallets, and crypto. Bitcoin owners can fund their balance through Binance.

  9. Octa is a top-rated broker suited to both fledgling and seasoned traders thanks to its intuitive platform, comprehensive educational content, and low minimum account requirements. Over 42 million customers from 180 countries have opened accounts with Octa to trade 300+ instruments commission-free with tight spreads averaging 0.6 pips.

    New clients can join the Octa community by depositing as little as $20 to their live balance. The CySEC-regulated broker accepts payments with multiple methods such as bank cards, digital wallets, bank transfers, and cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.

  10. Launched in 2001, easyMarkets has garnered an excellent reputation for offering reliable and low-cost CFD trading in forex, shares, commodities, crypto, and indices. Customers can additionally diversify their portfolios with forwards and vanilla options. Committed to client security, the broker offers negative balance protection and free guaranteed stop-loss orders.

    EasyMarkets holds licenses from reputable regulators like CySEC and ASIC, further adding to its fine reputation. The broker supports deposits with a wide array of cryptocurrencies, including Bitcoin, Bitcoin Cash, Solana, Ethereum, Tether, and Litecoin. Crypto deposits can take up to three hours.

    Trade Responsibly: CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclaimer. Easy Forex Trading Ltd (CySEC – License Number 079/07).

How to Fund Your Trading Account with Bitcoin

To fund your live trading account using Bitcoin, you must log into the client portal of your chosen broker and click on the “deposit” or “add funds” button located in the main menu. You must then select Bitcoin from the list of accepted deposit options and enter the amount you want to transfer to your live balance.

In most cases, your Bitcoin deposit will be converted into the base fiat currency of your account. The cashier system will then generate a unique Bitcoin address you must copy into your Bitcoin wallet to complete the payment. Some brokers also generate QR codes that customers can scan to finalize their transactions. Make sure you double-check all your payment information before transferring the funds.

Is KYC Required to Deposit with Bitcoin?

Traders transferring cryptocurrencies from custodial wallets must commonly undergo identity verification. The process involves submitting a legible copy of a government-issued identification document and sending a selfie holding your ID to confirm you are the rightful owner of the crypto wallet. Non-custodial wallets usually do not require verification because they cannot access users’ private keys.

Some brokers accepting deposits with Bitcoin may also request customers to upload identification and source of funds documents. It usually happens when a client seeks to transfer a more substantial amount from their crypto wallet. In this case, you must take and upload a screenshot of your crypto wallet or exchange as source-of-funds proof.

How to Withdraw from Your Trading Account with Bitcoin

Most regulated brokers return withdrawals to the same payment solutions customers used to deposit. Traders can request receiving their profits via a different payment method or crypto wallet as long as it lawfully belongs to them. Withdrawing from your trading balance is just as simple as depositing and involves roughly the same steps.

You must click on the withdrawal button after logging into the client area, select Bitcoin, and specify the amount you wish to cash out. You must then enter the address of your Bitcoin wallet and follow the on-screen instructions to submit your withdrawal request.

Some regulated brokers adopt stricter Return to Source (RTS) policies, allowing customers to only cash out the equivalent of their original deposits to the same crypto wallet. Assuming you originally deposited $500 worth of Bitcoin (0.008 BTC), you would be able to withdraw only 0.008 BTC back to your crypto wallet. All profits exceeding the original deposit amount are returned via an alternative payment method, the bank transfer in most cases.

Popular Crypto Alternatives to Bitcoin

Bitcoin may be the first decentralized currency to ever emerge but is hardly the only crypto you can use for deposits to your online trading account. An increasing number of online brokers facilitate transactions via popular altcoins like Ethereum, Litecoin, Ripple, and Dogecoin, giving customers the ultimate flexibility to deposit safely, efficiently, and privately. Tether, a stablecoin linked to the value of the US dollar, has also gained a good deal of traction among brokers and traders alike. Some of our recommended brokerages also partner with exchanges like Binance where multiple cryptocurrencies are supported.