Broker for financial products and Bitcoin

Why do you need a broker for cryptos? Just do it direct through an exchange like everyone else.

The software/charts for cryptos are excellent and are free.
Real-time data is free
Kraken and Poloniex are 2 popular exchanges.

Robert Morse said:
Can you short bitcoin?
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Yes, you can short it the same as spot FX, i.e sell one currency, buy the other.
 
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If you own a crypto currency, I was told that it resides on your computer. If that is true, what happens if you loose your PC or it gets damaged and you can't access your currency? Can you back it up?
 
Robert Morse said:
If you own a crypto currency, I was told that it resides on your computer. If that is true, what happens if you loose your PC or it gets damaged and you can't access your currency? Can you back it up?
More...
Similar risks hold for any physically held peer-to-peer stored instrument. Cash can be lost, gold coins can be stolen, bags of coffee can be damaged by flood, the disk that holds your crypto wallet can crash. At least crypto can be backed up; no way to back up gold bars!

Maybe insurance... I wonder if anyone is selling cryptocurrency insurance? Can I buy a policy to protect against loss of my bitcoins? :confused:
 
Robert Morse said:
thx...not for me, just curious.
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You can short BTC, depending wich "exchange".There are even leveraged BTC. About wallet it is said you could in some cases storage the "data" in a usb.Anyway I could tell you some issues aswell =)
 
lovethetrade said:
Why do you need a broker for cryptos? Just do it direct through an exchange like everyone else.

The software/charts for cryptos are excellent and are free.
Real-time data is free
Kraken and Poloniex are 2 popular exchanges.



Yes, you can short it the same as spot FX, i.e sell one currency, buy the other.
More...

I have not found anybody providing tick data though ....
 
kmiklas said:
Similar risks hold for any physically held peer-to-peer stored instrument. Cash can be lost, gold coins can be stolen, bags of coffee can be damaged by flood, the disk that holds your crypto wallet can crash. At least crypto can be backed up; no way to back up gold bars!

Maybe insurance... I wonder if anyone is selling cryptocurrency insurance? Can I buy a policy to protect against loss of my bitcoins? :confused:
More...
 
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