Stocks with bitcoin

[Aleator]

 I know the idea of bitcoin is wholeheartly against everything wall street stands for but as foreigners we do not have that easy way of buying and selling american stocks.

 I wanted to ask if its possible to buy nasdaq,nyse or any other stocks with bitcoin and sell them as well. Kinda like a middleman website where you deposit bitcoin do usual brokerage stuff buy/sell/hold whatever and when you are done , withdraw bitcoin.

[cloud36649]

 I know the idea of bitcoin is wholeheartly against everything wall street stands for but as foreigners we do not have that easy way of buying and selling american stocks.

 I wanted to ask if its possible to buy nasdaq,nyse or any other stocks with bitcoin and sell them as well. Kinda like a middleman website where you deposit bitcoin do usual brokerage stuff buy/sell/hold whatever and when you are done , withdraw bitcoin.

Not that I know of at the moment.

Some cool things are in the works though. Overstock wants to build a stock market platform powered by cryptocurrency technology.

Also, Barry Silbert recently launched the first public and compliant Bitcoin ETF.

[notlist3d]

 I know the idea of bitcoin is wholeheartly against everything wall street stands for but as foreigners we do not have that easy way of buying and selling american stocks.

 I wanted to ask if its possible to buy nasdaq,nyse or any other stocks with bitcoin and sell them as well. Kinda like a middleman website where you deposit bitcoin do usual brokerage stuff buy/sell/hold whatever and when you are done , withdraw bitcoin.

Not that I know of at the moment.

Some cool things are in the works though. Overstock wants to build a stock market platform powered by cryptocurrency technology.

Also, Barry Silbert recently launched the first public and compliant Bitcoin ETF.

I think he's looking for regular stocks.  Not stocks that deal with bitcoin.

No as of now there is not a stock exchange that uses bitcoin as payment.   Most likely not going to have one soon unless one of the existing exchanges takes BTC.  But with the laws they have to follow, knowing customer, etc.  I just don't see a BTC for stocks.

[bitbaby]

I don't think there's any website currently which accepts bitcoin and let's you trade stocks. But maybe in future as Bitcoin gets more accepted, some Investment Companies/ Brokers will start to accept Bitcoin and let you trade using it.

Edit: Just saw this, so we might see it soon.

The biggest U.S. stock exchange operators are taking steps to embrace bitcoin, spurring speculation the digital currency is coming up from underground.

[PeterB]

Not yet, but probably in the next 1 - 2 years.  Any website that any proposes for this purpose is not trustworthy unfortunately.

[notlist3d]

Not yet, but probably in the next 1 - 2 years.  Any website that any proposes for this purpose is not trustworthy unfortunately.

I would not guarantee it will be any different then now, except that you can pay in bitcoin.

The websites you purchase from still will be under same laws, so it is no easier to buy the stocks like OP mentioned.   They still have to do KNC stuff.  It will never be straight BTC to stock without a broker.  You have to know who is buying to prevent fraud, insider trading, etc.

[bryant.coleman]

There are a lot of legal formalities for buying US stocks, if you are not a citizen. And as far as I know, none of the brokers who deal with US stocks accept BTC as a mode of payment right now.

[notlist3d]

There are a lot of legal formalities for buying US stocks, if you are not a citizen. And as far as I know, none of the brokers who deal with US stocks accept BTC as a mode of payment right now.

I think you worded it better then what I did.   That even if a broker accepts BTC it will not get the person buying out of "legal formalities".  They would be held to same laws that someone paying cash would.

[The Sceptical Chymist]

I would love to see an exchange that deals with bitcoin, but I'm not sure there's an advantage other than being able to buy on a worldwide exchange.  There's also a high probability that I don't know what I'm talking about and a near certainty that it's meaningless anyway.

[Ron~Popeil]

It would be a great way to purchase stock but aml stuff will always apply. I like that people are trying to create crypto only stocks but those will undoubtedley only list companies all ready in the bitcoin world.

[pedrog]

There was a website, TorBroker, that offered that kind of service, I don't know if it's still available, plus it is/was completely anonymous...

[mrhelpful]

well if we had a damn ETF approved for bitcoin, by the SEC any traditional investor can pump our price for bitcoin without going through this whole hassle to buy bitcoin.

no one really has the money to do this, besides the winkelvoss twins or a whale similar to their net worth.

then my 80 year old grandma can get involved with bitcoin bringing her 401k into an etf, and she be a bitcoin hipster without knowing bitcoin.

[PeterB]

Not yet, but probably in the next 1 - 2 years.  Any website that any proposes for this purpose is not trustworthy unfortunately.

I would not guarantee it will be any different then now, except that you can pay in bitcoin.

The websites you purchase from still will be under same laws, so it is no easier to buy the stocks like OP mentioned.   They still have to do KNC stuff.  It will never be straight BTC to stock without a broker.  You have to know who is buying to prevent fraud, insider trading, etc.

Yes of course, I never said they would let you be anonymous.  Of course they still would have to know your identity.

[techgeek]

op, I think if there was stocks with bitcoin our price would be at like $1,000 or higher.

only because that means everyone who dont believe in it, can get involved with less risk since they sell their shares before any bitcoin crash or translation to the value being less of a premium.

[Kprawn]

I would recommend you start looking at https://1broker.com/ { ref added https://1broker.com/m/r.php?i=3422 } - They have ways for you to play with stocks with Bitcoin.

You do not need huge amounts of money to do CFD's and gives a entry level for small fish onto the Global markets.

The minimum order is very small, 0.01   and everything is done with Bitcoin.

[Somekindabitcoin]

Once bitcoin can hold its price, I see it as going into the commodities market instead of the stock market.

[majeis]

Maybe Noble Markets will have something like that, or at least make the transition to something along those lines easier for broad acceptance with a NASDAQ gui.

[bryant.coleman]

There was a website, TorBroker, that offered that kind of service, I don't know if it's still available, plus it is/was completely anonymous...

Oh... I remember TorBroker. Here is the official thread:

https://bitcointalk.org/index.php?topic=159237.0

Unfortunately, a few weeks ago, they closed down. The reason was given as "Lack of interest".

[Muhammed Zakir]

Only forex trader I like which has Bitcoin is "plus500(aka +500)". Unfortunately, they don't offer Bitcoin deposits probably because of the problem "source of the money" and withdrawals probably because of legal problems such as Tax.

[bryant.coleman]

Only forex trader I like which has Bitcoin is "plus500(aka +500)". Unfortunately, they don't offer Bitcoin deposits probably because of the problem "source of the money" and withdrawals probably because of legal problems such as Tax.

I don't get it. They don't allow Bitcoin deposits. And they don't allow withdrawals in Bitcoin. Then how can you say that they "are having" Bitcoin? For which purposes do they allow bitcoin?