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Author Topic: Any site that I can use BTC to invest in stocks?  (Read 359 times)
revv (OP)
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December 06, 2019, 03:06:49 PM
 #1

I would like to use BTC to invest into a particular thing (Medical stock)... is there such a website that will allow me to do so?
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December 06, 2019, 03:11:53 PM
 #2

I would like to use BTC to invest into a particular thing (Medical stock)... is there such a website that will allow me to do so?
I would like to suggest you to not to go in stock market directly with reference of another third party .
Because that are not safe ( you can check history at google that how they cheated people and how they stopped their services ) .
So better to have your own Demet account from Bank and do investment manually in any type of stock category that you want .
Here I myself is in stock market , that's why I recommended to you to go manually for it .
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December 06, 2019, 03:18:44 PM
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So there is no website that will allow me to use BTC to invest into a stock? The stock is called ITCI...
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December 06, 2019, 03:46:03 PM
 #4

I checked that site but I think I need a phone to be able to use it which I dont have... and the reason for using btc is just the convenience
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December 06, 2019, 04:19:28 PM
 #5

Previously there was the DX.Exchange exchange, which provides tokenized stocks backed by real stocks of the largest companies on Nasdaq such as Apple, Amazon, Facebook, Google, etc. The digital will be based on actual shares held by MPS MarketPlace Securities and holders will enjoy similar cash dividends. But now that this exchange has stopped working, I am not sure if there is such a exchange.

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December 06, 2019, 04:32:33 PM
 #6

There used to be one called 1broker. https://1broker.io/?c=en/home

But that site has since closed.

Here are some alternatives:

FX Choice - https://en.myfxchoice.com/
Cryptorocket: https://www.cryptorocket.com
Coinexx: https://coinexx.com
Evolve Markets: https://evolve.markets
Whaleclub: https://whaleclub.co/

Source:
https://forums.babypips.com/t/list-of-forex-crypto-brokers-accepting-bitcoin-other-digital-currencies/158023

Let us know of your experiences with them, as I have not personally tried them.

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December 06, 2019, 04:45:01 PM
 #7

I'm not aware of anywhere reputable that does it and it seems like a weird oversight to me. Enough longstanding gold places accept BTC.

I would only do it when an established broker offers it. No way would I be playing around with piece of shit no mark sites.
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December 06, 2019, 04:59:37 PM
 #8

Abra has this feature, though they don't have that much stocks listed yet. Around 15 last time I checked(mostly tech stocks, AMZN etc), and another dozen of ETFs. How does it work in the back end? Well, to say the least it was pretty complicated. Longs and shorts and stuff. But with Abra, you're not technically an owner of the stocks. You're somewhat like just betting on the price to rise when you "hold" a stock on Abra.

If you want the in-depth: https://www.youtube.com/watch?v=Hm7y2sy5E44

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December 06, 2019, 05:02:25 PM
 #9

eToro should allow you to do that. I know they are involved in BTC but not sure if they allow depositing with it for stocks trading or not. In case they don't, deposit BTC to your Skrill or Neteller account and then use that in eToro.

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December 06, 2019, 05:04:17 PM
 #10

eToro should allow you to do that. I know they are involved in BTC but not sure if they allow depositing with it for stocks trading or not. In case they don't, deposit BTC to your Skrill or Neteller account and then use that in eToro.

Can confirm, though I've heard rumours of them allowing bitcoin deposits in the future, eToro doesn't allow bitcoin deposits yet. They allow deposits through PayPal though, which is a big plus in my book if you don't want to deal with banks.

They require KYC/AML though, as expected.

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December 06, 2019, 06:09:17 PM
 #11

I checked that site but I think I need a phone to be able to use it which I dont have... and the reason for using btc is just the convenience
You don't have a phone? Are you what a caveman into the future?

There are multiple reasons why this won't be possible and any such services will either be shut down or will be operating illegally. The stockbrokers are registered and are legal market markers with every penny that is going out or coming in documented. The government or the tax officers work closely with them. If found a stockbroker is using cryptos or converting money, there will be legal actions. People offering the service are not stockbrokers but normal traders who trade from their computer and use your money for investments and such. They shouldn't be trusted.
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December 06, 2019, 09:43:16 PM
 #12

I rather differentiate into top 10 market cap crypto projects, potential returns are much higher as opposed to semi annual stock dividend.
Plus some of these large crypto projects pay some form of dividend anyhow, like Neo, for example.
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December 07, 2019, 04:19:00 PM
 #13

I rather differentiate into top 10 market cap crypto projects, potential returns are much higher as opposed to semi annual stock dividend.
Plus some of these large crypto projects pay some form of dividend anyhow, like Neo, for example.

If you like losing money through "cryptocurrencies" like XRP, then sure, you do you. But some people like to be smarter with their money and invest in more safer, a lot less volatile assets like stocks and ETFs. Not everyone likes putting money in centralized vaporware. Wink

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December 07, 2019, 06:05:32 PM
 #14

after the death of 1broker in 2017, the best option for crypto-backed CFD trading became SimpleFX. they have an ANN thread here on the forum and have been operating for 4+ years: https://bitcointalk.org/index.php?topic=1059253.0

they offer a bunch of stock indices like the DAX and ASX, and also a few dozen equities. if you're looking for a very specific stock---especially something low-cap or OTC---you are unlikely to find it on CFD brokers like this. they usually only offer access to the largest and most liquid markets, like high-cap stocks and indices.

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December 07, 2019, 06:19:36 PM
 #15

I'm not aware of anywhere reputable that does it and it seems like a weird oversight to me. Enough longstanding gold places accept BTC.
I'm assuming that stock brokerages don't want to be associated with bitcoin deposits since it might be used for money laundering.  That's the way I think *they* think, anyway.  It isn't like cash being deposited couldn't be from criminal activities or anything, it's just that bitcoin has a huge black mark against it in that respect. 

There was a U.S. brokerage that was planning on doing this, tho.  I think it was Fidelity if I'm not mistaken.

I would only do it when an established broker offers it. No way would I be playing around with piece of shit no mark sites.
Definitely only use established brokerages, not some shady crypto offering that could be a bucket shop for all you know.  That would be like a cloud mining scheme for stocks, and I'm sure they exist.  I wouldn't want to use bitcoin to buy stocks with anyway, since bitcoin is an investment in itself and I don't have an issue buying stocks with cash.  I'm not sure why anyone would want to go that route, but to each his own.
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December 07, 2019, 06:35:07 PM
 #16

But some people like to be smarter with their money and invest in more safer, a lot less volatile assets like stocks and ETFs. Not everyone likes putting money in centralized vaporware. Wink

It depends on what you buy into though. If you're trading CFD's it's even more centralized than buying a basket of shitcoins. Some brokers that allow you to buy stocks and whatnot present their platform very well, but you don't own the right to anything. People skip the TOS and click agree to all terms faster than you can blink with your eye. Cheesy

Even if the possibility was there, I wouldn't put a single one of my satoshis into a hyper inflated US stock market. Look at the Nasdaq and Dow Jones index charts, that's not a bull market anymore, but a dinosaur market. In all honesty, I consider buying US stocks at this stage more risky than buying Bitcoin. It's the biggest bubble mankind has ever witnessed.
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December 07, 2019, 06:49:17 PM
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I once read Ameritrade were accepting BTC. You might wanna check it again.

I'm surprise despite the rumors of the impending financial crash you would think of investing your BTC into stock market when its all been in the news that the coming crash will be worse than 2008. Rather than getting into the old market, try instead the coins on top of the crypto market which has low price like ADA, this is almost like stocks anyway and less risk in my opinion since it couldn't go deeper than what it is right now.
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December 07, 2019, 07:07:46 PM
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AFAIK, the Simpefx and similar trading platforms have a CFD trading option. You can deposit the digital assets to your personal account and start to trade the stocks(CFD). Actually, you will not be the owner of the stock share, your balance will increase/decrease along with the market performance of bought stock.

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December 07, 2019, 07:10:08 PM
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I would only do it when an established broker offers it. No way would I be playing around with piece of shit no mark sites.
Definitely only use established brokerages, not some shady crypto offering that could be a bucket shop for all you know.

as a matter of fact, we used to call 1broker "1bucket" for that reason. Tongue

I wouldn't want to use bitcoin to buy stocks with anyway, since bitcoin is an investment in itself and I don't have an issue buying stocks with cash.  I'm not sure why anyone would want to go that route, but to each his own.

part of the attraction is that you can use it as a hedge, and also take your profits in BTC. i knew people who would buy and hold blue chip stocks on 1broker at 1:1---no carry cost and no risk of liquidation. not only did they cash out their profits in BTC but they collected dividends in BTC as well.

i really miss the wild west days!

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December 08, 2019, 07:14:39 AM
 #20

It depends on what you buy into though. If you're trading CFD's it's even more centralized than buying a basket of shitcoins. Some brokers that allow you to buy stocks and whatnot present their platform very well, but you don't own the right to anything. People skip the TOS and click agree to all terms faster than you can blink with your eye. Cheesy

Even if the possibility was there, I wouldn't put a single one of my satoshis into a hyper inflated US stock market. Look at the Nasdaq and Dow Jones index charts, that's not a bull market anymore, but a dinosaur market. In all honesty, I consider buying US stocks at this stage more risky than buying Bitcoin. It's the biggest bubble mankind has ever witnessed.

Well of course, you're really not expecting decentralization when buying stocks, even regardless what platform you're using, but at least you're buying actual businesses that are currently running. Rather than buying whitepapers and buying into the pockets of companies(I'm looking at you, Ripple).

As for the current prices of stocks though, definitely very very debatable. But I'd honestly prefer having my money in inflated stocks in the long term(I'm talking retirement) than coins in the top 10 like XRP and BSV and BCH and such.

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