Bitcoin Forum

Hi Guys,

Has anyone come across good reliable investment broker for Bitcoin? This seems to be method of highest returns but very risky at same time. However the risk could be reduced with reliable broker. So any feedback??

thanks

You mean someone who will actively manage a cryptocurrency portfolio?

There have been a few high profile and legitimate attempts from traditional finance. If I remember rightly their performance was mediocre and they did worse than if you just sat, did nothing and waited for a better price yourself.

If they're not from somewhere with many years of track record in normal markets they are almost guaranteed to be either a moron or a scammer. Either way you will lose your money.

If I were you I would forget about it and hold.

Hi, Grayscale is good reliable investment company, but it may be suitable for accredited investors only.

There are quite a few traditional investments brokers that have tried to handle some bitcoin weight for other people but have failed no matter how safe their positions were and no matter how good the margins they think they took. Also at this point in time, anyone can be better off just doing the traditional hold and wait and still outperform the pros by just letting their money sit idle. Perhaps on other shady and rather relatively unknown cryptocurrencies one can make a decent bit by actively engaging in trades, but for the ones with the most market value and shares, you don't really need one to do the dirty work for you.

I doubt this. But I am very much sure about that risky part. I would rather let my Bitcoin sleep in a wallet I alone control the private keys than let a third party manage it on my behalf.

First, there is no guarantee that they understand Bitcoin's price movements better than you. To a certain extent, we are all blind speculators. Second, they could exit scam. Third, they could fail to deliver as promised. Fourth, they could get hacked. This list could go on.

many thanks for the replies guys, i got some better understanding now. Somebody recommended me https://mirrortradinginternational.com/ to invest with and they would give high returns, but seems its not that straightforward.

this method has never been the "highest return" ever because for starters you are paying a lot of fee to the broker for something you could have done yourself! most of these brokers aren't even experienced, and they have no better understanding of the market than any other trader in it. the actual profit is what they make because they take no risk at all, they just receive their commission whether you lose money or make money.

"Using Bitcoin as its base currency, the company uses advanced digital software and artificial intelligence (AI) to trade on the international Forex markets."

What absolute crap.

If it was that easy they would be trillionaires and would not be attempting to sell this.

https://www.coindesk.com/south-africa-investigating-mirror-trading-forex-club

https://news.bitcoin.com/south-african-bitcoin-investment-company-pushes-back-texas-scam-allegations/

It'll be fine until it is definitely not.

Some people have been trying to do act as a bitcoin broker, but I wouldn't trust them until they provide proof of their words. Meanwhile, you'll find out easier for you to invest by yourself rather than find any trusted broker here. However, there are many brokers out there but be careful, make sure to hire a licensed broker to be safe.
https://learn2.trade/bitcoin-brokers

Don't ever trust a bitcoin broker because surely they are not legit. A pro trader knows that trading BTC was very risky and they will not put in line there reputation for this job while they can safely trade on stocks. A service like a copy trading of eToro is the best services that you should find and don't ever let your money leave in your own wallet then trade by other user.

I will tell you that you should never trust a broker, as these are very big risks, and even more so now there are very few conscientious brokers, my advice to you is better to study trading yourself in order to trade independently in the future this is the most reliable solution

I have little contact with and deal with investment brokers, I only read Bitcoin newspapers or forums, sometimes brokers say great when we do and do it is two different things.

Brokers in our crypto market are many, but most of them are scammers.  In fact, we don't need a broker because it's better to manage money with our own hands.  Brokers are only useful when trading requires many of the same conditions as on stock exchanges.

I recommend that we take the time to learn about investing and analyzing rather than just giving money to strangers to manage.  That has never been a good way to get rich in the financial markets. :)

Hello
I do think that no matter how reliable a person is , when it comes to bitcoins and other cryptocurrencies it takes a second to loose all your coins. Not your keys, not your coins man ! Just see the price right now , it's climbing, just encash after a while and buy when the price goes low. You have to invest time there yourself. The whole idea behind these decentralized exchanges is ****to make sure people take their own financial decisions****, it's really risky and I don't think you should do that , you can lend your coins but then again I won't recommend it. There are some wallets giving people some interest and such , search it out and see if you like it but I would suggest you to *" NEVER give your bitcoins to someone"* even though it's a trusted booker.
You can take some free crash courses on the internet also about the trading. At the same time there are trading platforms giving advices and such for free. Just be thorough with the news and give it time to mature.

why do you need a reliable broker to invest, you can learn to analyze charts, that's better.  because not all reliable brokerage analysis can benefit us, in an instant it can also harm us, so it would be better if we slowly learn to analyze charts rather than confused looking here and there.  currently the price of bitcoin is rising, you can buy when bitcoin is experiencing a correction.

Why would this be the method of "highest returns"? Remembers that brokers are on the sell-side. Their business model is selling investment products for commissions. It might be the method of lowest returns if you ask me.
Now if you invest using into a hedge fund which trades Bitcoin you might have higher returns if they have a proven track record, but they too take performance and management fees from your funds and profits.

I think is well-worth it in the long run to invest in your education and take responsibility for your positions. Just my 2 cents. :)  

Brokers are not perfect. They can also make your portfolio lose depending to their take with the market. It's your money so hold and work on it instead of others working on it.
Agreed. You will enjoy more the run if you're the one handling your portfolio and growing it through your own hands and decisions.

A big no for any Bitcoin investment broker, rather learn trading or buy at low and sell at high because Bitcoin and crypto market are not share markets and regardless of predictions from the experts market goes the other way around hence it's better to manage our portfolio on our own, there cannot be a proxy for crypto currency ever due to its highly unpredictable and volatile nature.

In my experience, it's not recommended to use an investment broker since you're dealing with Bitcoin because majority of the investment brokers in crypto are known to be scams. Your best bet would be to hold your bitcoin yourself but if you decide to trade it, you should let how to trade by yourself. That would be more rewarding that going to any investment broker that would come with additional risks. Not good.

When you say brokers I guess you means something like forex brokers? Brokers doesn’t come with any less risks, there are still risks in making use of brokers, you’re still going to lose money when making use of brokers if you don’t make the right choice. It’s all about learning the trade, if you learn it the one you’re trading with wouldn’t be much problem or difficulties for you, you will be able to trade and earn.

If you’re looking for the best Brokers to trade with, the best I know of is eToro, it’s a very good broker and it has been around for years now and one thing that makes this platform popular is their copy trading. The next ones that are really good are IG and Swissquote. (These are not financial advises to be followed blindly; always do your own due diligence for your the sake of your hard earned money).

Brokers are called brokers because so many of their clients go broke, and they take commission from them as they lose their money. You will get better advice about buying and selling Bitcoin in this forum, and it is free. Timing and knowledge is everything, and there are many threads to help you to gain expertise. Another major consideration is where to keep your coins. There is a mantra "not your private key, not your coins", and this is an important truth about Bitcoin and altcoins. You should check the threads about wallets and addresses here.

Instead, find a reputable crypto signal provider. I have found them more useful than other options but beware because there are a lot of scammers out there. So, do proper research and then go for one.

If you mean that we need to send our bitcoin to that broker and let them work in anything that can profit, I will not do that because that is too risky to do. We do not control the bitcoin directly and we can not watch what they can do, and they can scam us anytime. I prefer to hold it for myself rather than send the bitcoin to them or use my bitcoin to trade by myself. At least, I know the risk of that, and I can manage the bitcoin that I will use for making a profit. That will not be recommended to do, even if you know a trusted broker who says it will help you make money from bitcoin.

This is my reason since the first time I  know bitcoin, there have been many offers from brokers to entrust my funds, but I didn't. There is a lot of risk to doing this, even if it comes from a close friend or relative, I will still make myself the sole owner. I would rather learn from my entry mistakes in the market than rely on a brokerage provider that promises a profit. Although not all brokers act detrimentally, I suggest you believe in yourself.