Bitcoin Forum
May 06, 2024, 05:27:16 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Trading Discussion / Re: Do I need a VPN to short trade in the UK ? UK FCA crypto confusion on: August 08, 2022, 11:12:37 AM
Have been trading long spot on Binance for a few years but now I want to be able to trade both long & short. For me PrimeXBT fits the bill & Im able to open an account there & it would appear as soon as I fund the account I'm able to start trading. The UK isn't listed as one of their restricted countries unlike the US for instance. However the FCA in the UK banned all crypto related derivatives for retail last year. Sorry maybe I've been living under a rock but what is the story here, how come I can open an account with prime & apparently go ahead & start trading? Will I need a VPN going forward ? Thanks for any help
If it's really banned then there's no way you can access the site but you said you can access it freely without any restrictions whatsoever? Then I think that is a good sign that the banned have been removed already. I won't advise you to use a VPN as that can only cause you a problem as some platforms won't allow such tool.

I noticed that some comments here talks about how risky it is to use a centralized exchange because it can hold your funds but I think that wasn't the main concern of the OP here plus he is doing a trade and it will be a hassle if he will just pull out his funds every time he do a trade. Another thing is that centralized exchange are the one that is used the most by traders, maybe because it has a better feature/functions than a dex.

Correct, no restrictions as far as I can see & no KYC, also has a good reputation. This is kind of why I asked the question here as to how this is possible & was hoping if anyone could shed any light on what appears to be a grey area from a UK perspective. As far as I know the ban is still in place but perhaps the small print somewhere does allow it somehow under certain conditions, I don't know. What I should probably do is just ask them directly what their policy is.
2  Economy / Trading Discussion / Re: Do I need a VPN to short trade in the UK ? UK FCA crypto confusion on: August 07, 2022, 05:23:41 PM
 I wanted to use Primexbt because it's a very simple process to short trade there & also as far as I was aware they don't require KYC (but they do say under exceptional circumstances they may ask for it). I asked about a VPN because I see a lot of traders using one but yes the points brought up here make it questionable.

 I didn't realise you could still use margin at Binance in the UK so I'll have to look into it although I was always put off a bit by the complicated process.

Thanks for all the help
3  Economy / Trading Discussion / Do I need a VPN to short trade in the UK ? UK FCA crypto confusion on: August 06, 2022, 12:32:35 PM
Have been trading long spot on Binance for a few years but now I want to be able to trade both long & short. For me PrimeXBT fits the bill & Im able to open an account there & it would appear as soon as I fund the account I'm able to start trading. The UK isn't listed as one of their restricted countries unlike the US for instance. However the FCA in the UK banned all crypto related derivatives for retail last year. Sorry maybe I've been living under a rock but what is the story here, how come I can open an account with prime & apparently go ahead & start trading? Will I need a VPN going forward ? Thanks for any help
4  Economy / Trading Discussion / Which is best to use for charting against alt's - BTC or USD ? on: September 25, 2017, 09:29:16 PM
I see some good patterns with alts against BTC but are not so good against USD. Also vice versa.

What to use ?
5  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Cant find BTC/USDT pair on Bittrex? on: September 10, 2017, 11:18:54 PM
Oh got it, you have to search for just BTC under $ market search
6  Alternate cryptocurrencies / Service Discussion (Altcoins) / Cant find BTC/USDT pair on Bittrex? on: September 10, 2017, 11:11:12 PM
I can't find Tether on Bittrex, am missing something ? thx
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Getting BCC from Bitcoin-Electrum-Wallet for Dummies? on: August 04, 2017, 01:15:59 PM

This electron cash software seems suspect: https://bitcointalk.org/index.php?topic=2053806.20

Are there any other Bitcoin Cash Wallets?

BCC is only a few days old. It might take a few weeks or months for decent software to be developed and bugs to be worked out.

You can always just save/write down your private keys and reclaim your BCC at a future date. In 10 years from now BCC might be worth millions and segwit(fiat)coins might be worth pennies.


Probably a very dumb newb question but..  I have BTC on an Electrum wallet since before the fork, can I go ahead & transfer the BTC to an exchange or wherever like normal & just forget about the BCC until a later date? i.e. if I transfer my BTC then Ill still have access later on to the BCC by using my private key ? Also, do i carry on using my Electrum wallet or do I need to create a new one ? Thanks for any help!
8  Economy / Trading Discussion / Re: Advice for a newb in the UK please on: April 18, 2017, 05:19:22 PM
Im asking these dumb questions because I'm new to crypto trading - so thanks for taking the time! I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades. Thanks for your help  Smiley
Pretty sure you can sign up to Poloniex and other exchanges and it shouldn't be a problem.  Most sites which handle US customers will accept UK ones as well unless it's something solely based around dollars rather than other currencies (in Poloniex's case there's no fiat involved so you should be good to go).

Thanks for the help!
9  Economy / Trading Discussion / Re: Advice for a newb in the UK please on: April 18, 2017, 03:57:46 PM
Im asking these dumb questions because I'm new to crypto trading - so thanks for taking the time! I've been slowly studying the psychology & methodolgy for a while but only now getting round to making a few trades. Thanks for your help  Smiley
10  Economy / Trading Discussion / Advice for a newb in the UK please on: April 18, 2017, 11:06:55 AM
Hi, I'd like to try my hand at trading with a small amount of BTC/Altcoins here in the UK but could do with some advice if anyone can help?

Can I trade freely on non UK based exchanges like poloniex etc ? Are there any restrictions/pitfalls I need to know about, especially being UK based ?

Thanks for any advice whatsoever!
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!