Cryptocurrency Exchange VS Forex Broker – Which Is Better For Trading Bitcoin?

Cryptocurrency Exchange VS Forex Broker – Which Is Better For Trading Bitcoin?

Cryptocurrency Exchange VS Forex Broker
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Bitcoin has seen phenomenal growth in popularity and value over the last decade. Despite this, Bitcoin is still considered to be in its early stages according to the vision set out by its creator’s.

As well as being an alternative currency for the purchase of goods and services, Bitcoin has also become an instrument for traders looking to make large returns and grow their accounts. Its rapid price increases and volatility have only bolstered that and is even drawing in individuals who have never traded before. Bitcoin has the potential to become a new major world currency and people are investing their money on the hope that it will.

Of course, whether Bitcoin becomes the ‘future of money’ or not isn’t the be all and end all for well-informed traders. Bitcoin certainly has some impressive technology behind it; however, the top priority for traders is simply to profit from its price movements. Traders can look to profit from Bitcoin if it succeeds or if it fails, either way, strong trends are bound to occur.

Where can you trade Bitcoin?

There are basically 2 main options you have for this as a Bitcoin trader, they are:

1 - Cryptocurrency exchange

2 - Online Forex broker

At a cryptocurrency exchange, you will buy and sell actual Bitcoins whereas through a forex broker you will trade a Bitcoin CFD (contract for difference).

I believe that online forex brokers are the best option for trading Bitcoin and will cover this today. I will outline the differences between the two and my reasons for this judgment.

Advantages of trading Bitcoin with a forex broker

Regulation – Reputable forex brokers are fully regulated so you know they have to operate responsibly and with professionalism. They will keep your funds in segregated bank accounts so they are always protected. Cryptocurrency exchanges, on the other hand, are completely unregulated. If a cryptocurrency exchange goes bust or closes down the protection you have may be very limited

Simplicity – This is a big one for me. Setting up a cryptocurrency account and getting started trading is certainly a complicated process, there’s no doubt about that. First, you will need to find an exchange that accepts residents from the country you are from. You then need to find a way to deposit funds into that account, which can be surprisingly difficult. I’ve even heard in some cases that traders will open a new bank account just so they can make deposits into their cryptocurrency exchange account.

What you will find with most traders that use cryptocurrency exchanges is that they have multiple accounts with different exchanges. They then use each account for different reasons. One could be for deposits, one for buying Bitcoin, one for margin trading, and one for short trades and so on.

It’s a totally different story trading Bitcoin with an online forex broker. You can set up an account in minutes if you do not have one already. You can then deposit funds into your account using your preferred currency and any Bitcoin trades you make will be automatically settled back into your chosen currency.

Hidden fees and charges – This leads on nicely from the topic before. With an online forex broker, it’s free to open an account, free to deposit/withdraw your funds and there are no commissions Bitcoin trades. Your only expense when trading Bitcoin through a forex broker is the spread. This makes it much easier for a trader to manage their money and keep track of their expenses.

When using a cryptocurrency exchange there seem to be fees involved every step of the way. You will often pay fees depositing into your account, fees withdrawing, fees exchanging currencies, fees purchasing Bitcoin, fees transferring Bitcoin and commissions on trades. All these different fees can be costly and make keeping track of your expenses a complicated and time-consuming process.

Professional tools and platforms – Trading Bitcoin through an online forex broker will give you access to professional tools and platforms like the award-winning MetaTrader platforms. MetaTrader 4 and 5 allow traders to apply all different kinds of indicators and analysis tools helping to enhance your performance. They also allow you to trade directly from the Bitcoin charts.

The charting tools available on many cryptocurrency exchanges are lower quality with traders often using the exchanges only to place their trades. They will then use separate platforms for their charting and analysis requirements.

Maximum opportunities – Again trading through a cryptocurrency exchange can be complicated if you have certain requirements. Not all cryptocurrency exchanges will allow shorting and some will not provide leverage or margin.

When trading Bitcoin with a forex broker you have access to leverage and margin allowing you to trade at the size you want. You can also trade both long and short on Bitcoin trades enabling you to capture trends in either direction. If you are already a forex trader, staying with a forex broker allows you to keep all your funds in one place and monitor both your forex and Bitcoin trades at the same time.

Cryptocurrency Exchange VS Forex Broker Overview

What the future holds for Bitcoin nobody knows. What we do know is that it’s more than likely going to be eventful. Whether Bitcoin sees further success or eventual failure, opportunities will arise for traders no matter where they decide to trade it. If you are looking to use Bitcoin for purchasing goods and services then this is a different situation to what we’ve covered today. When it comes specifically to Bitcoin trading, I do feel that overall forex brokers currently provide the best, easiest and safest option.

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No Mascara: A New Beauty Trend

Why women have changed their ways.
Gregga
Gregga
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Mascara is an essential part of almost every woman's makeup routine. It is a foundation for a fresher look. With a bit of mascara, our eyes look more glowy and open. Plus, our whole face becomes more sensual. 

I can't even imagine the look on your face when you’ve seen this headline! However, believe it or not, this is no joke.

How it all started?

Many famous designers like Proenza Schouler, Carven, John Galliano, and Lanvin put their focus on the more natural look. Makeup free faces are a true refreshment in today's world, and this idea is why the "no mascara" concept is a great opportunity for women to rest there faces. This is one of the trends that should be more encouraged and promoted worldwide. Many women have low self-esteem when it comes to their natural look due to the "high" beauty standards. "No mascara" trend could be an amazing opportunity for them to step out of their comfort zone and dare to be themselves. 

Beautiful without mascara

You can look absolutely gorgeous without mascara. With a touch of the right products, you can enhance your natural beauty and look more authentic

Start with your lips. Give them the color that will revive the look on your face. For example, you could use bright colors like orange or intense and dark like purple. Have some fun in exploring your new look.

Next, try skipping mascara altogether on the weekend, or for a relaxed event with friends when the beauty stakes are lower (as opposed to a big work event, where makeup can sometimes feel like beautiful armor).

Or a little touch of mascara?

Start by switching to a thinner formula to add darkness but not volume to your lashes. You could use the products that will add some color but not volume to your lashes. Try to put them on the corners of your eye for a more dramatic look.

Mascara or not?

Well, the good thing is that we don't have to give up mascara for good. We can easily transit to a more natural look throughout the time or we can simply continue with our usual beauty routine.

If you’re looking to keep the natural look but want thicker lashes, there are alternatives, like serums to help your lashes get thicker.

There is nothing wrong with wearing makeup from time to time or most of the time. The point is to embrace ourselves the way we are and to appreciate it. Don’t follow any trend blindly like it is a matter of life or death and please, don't take it seriously.

Live freely, experiment and celebrate life and the looks you have. Create your unique style and let the makeup help you to express anything you feel. 

In the end, if you decide to try mascara free look be sure to pay close attention to the rest of your beauty game: glowing skin, bold lips and perfectly groomed brows are essential to balance the rest of your face. And good news for glasses-wearers: going without mascara looks especially stylish behind thick frames.

Gregga
Gregga

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Nail Polish Market Till 2024 Research Report | DecisionDatabases

Nail Polish Market | Global Industry Growth, Trend, Size, Share, Forecast & Outlook Research Report 2017 To 2024
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The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Bobbi Brown, China Glaze, Creative Nail Design, Inc., Essie, L’Oreal Paris, NARS Cosmetics, Odontorium Products Inc., Revlon, Inc., and Sally Hansen. Geographically, this market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.

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