Bitcoin trading regulation are based on securities: When Bitcoin & Co. get traded, the legislation is based on the existing regulations on securities. This means that according to the governmental guidelines for crypto taxation a trade with crypto assets is to be classified similarly as a trade with shares, securities and other financial products. May 28, · Martin Lewis' Bitcoin warning revealed: 'You could lose everything!’ MARTIN LEWIS' advice on finance trends has proved crucial for many in the UK - and he issued a warning against the dangers of. Nov 17, · It’s imperative you understand that the Bitcoin Trader Scam has nothing to do with legitimate or genuine Bitcoin Trading, and it is merely another get-rich-quick scheme designed to .
Genuine bitcoin tradersBitcoin Investment Sites Top 9 Trusted and Legit
The software is built on the most advanced programming the world has ever seen, according to them, and able to literally see into the future. They claim the algorithm is 0. To be fair I did sign up to see what would happen and it was this; I got sent directly to the cashier page on OptionStars where I was prompted to make a deposit. OptionStars is a white label built on what I think is an older version of the Tradologic platform. Regardless, the platform sucks. They do have digital cryptocurrency pairs available in the drop-down asset list.
The trading is classic binary with expiry as short as 60 seconds and as long as the end of the day. It is. The better question though is if OptionStars is a scam and the answer to that is also a resounding yes! Keep in mind that depending on your region, you might be directed to a different broker but I doubt it will be any better.
And one more thing: the web address of the Bitcoin Trader System has already changed a few times, so it is likely to change in the future probably to avoid getting caught. These are not the droids you are looking for, move along, move along. Looking at the long list of complaints at the bottom of this page, we can completely reassure this is a scam, and we were right from the beginning! Just take a look at what our users have to say about it:.
Too many promises, too aggressive and a definite scam! This guy sums it up perfectly. Unfortunately, some people still fall for empty promises and lies spread by these robot makers.
Phil from Auckland has done the smart and common-sense thing: he actually researched and read some reviews BEFORE reaching for the wallet and giving money away. If you are a beginner and still need to learn, you might want to start by signing up on Local Bitcoins.
Kraken was one of the first sites that passed an independent audit. The platform itself is completely focused on trading in bitcoins. It is an exchange platform that can be used by both individuals and businesses. Just like Coinbase, they boast a great level of security. And it has been rated as one of the best sites for Bitcoin investment. This platform was the first operator to get a license for dealing in bitcoins.
They recently celebrated their fifth anniversary, and are currently one of the most popular sites available. The biggest advantage to using BitStamp is the fact that it supports both credit and debit cards. With it, you can also turn your bitcoin units into a proportionate amount of gold.
Just like Coinbase, this is an extremely safe site, since all transactions are monitored. There you can both buy and sell your bitcoins, as well as invest in them. One of the most highly rated peer-to-peer sites for investing in Bitcoin, Paxful has thousands of users from all over the world. The process is very simple — you only need to select your preferred payment method and the number of coins you want to buy.
As an open-source application, Bisq is quite flexible. It is also the fastest way to getting your hands on some Bitcoins that can be found online. Martin Lewis, the money-saving-guru from Money Saving Expert, recently sued Facebook because they failed to stop scammers using his image in scam ads for get rich quick Bitcoin schemes. The answer is of course yes. There are many traders who trade Bitcoin. Some do it through spread betting where profits are tax-free. They will not, I repeat not, be marketing their services as a get rich quick scheme.
In fact they are not allowed to advertise at all. Further reading: Should you enrol on a trading course to learn trade forex, spread betting or CFDs?
We're already written about how not to get scammed in crypto trading so won't go into that again. But suffice to say, if it looks like a scam. It's a scam. Keep in mind too though that the scammers make clone websites, of real brokerages to scam you.
So, double and triple check any broker before sending money. You can compare FCA regulated Bitcoin trading brokers here. Never believe anyone who says they can make you rich or adopt trading as a career if you are a complete beginner.
Trading CFDs and spread betting are high-risk forms of investment and should only really be used for hedging and a small percentage of a self-managed investment portfolio. All content copyright Good Money Guide. VAT registration number: Data protection registration number: ZA Please Note: If you want to buy cryptocurrency rather than trade it you need a Cryptocurrency exchange like Revolut Featured Cryptocurrency Broker What Cryptocurrencies can you trade? How much does Crypto trading cost?
Or get broad exposure in a single trade with our Crypto 10 index via CFDs or spread bets. Trade Bitcoin with min 30 point spreads. Overnight funding is charge on top as are fees for social trading. Saxo has three pricing tiers.
Pay less as you trade more. Bitcoin spreads from 40, Ethereum from 4 and Ripple from 1. No commission is charged. Overnight financing is charged on held positions. Coming Soon Open Account City Index claim to offer the lowest cost Cryptocurrency trading, with market-leading pricing on Bitcoin, Ethereum, Litecoin and Ripple.
Profits are tax free through spread bet trading on cryptocurrencies including Bitcoin, Ethereum, Ripple and Litecoin. What's in this guide to Bitcoin trading brokers? How do you trade in Bitcoin? How Bitcoin trading works. How to get started. What to avoid. What to look for. A trading example.
Who offers the tightest Bitcoin CFD spreads and pricing? IG Bitcoin Spreads:. Plus Bitcoin spreads:. Can you make money trading Bitcoin? Don't get scammed by Bitcoin trading adverts.
So, are there any genuine Bitcoin traders in the UK?