Why can't I buy stocks with Bitcoin anywhere?!

[fiulpro]

Unfortunately if you do want to buy stocks with Bitcoins right now , you have to first convert them in the local currency and then proceeded with buying stocks normally like you do with money .

Problem is :

1. Government and companies see Bitcoins as a Competition and therefore allowing people to trade in Bitcoins regarding the stocks wouldn't be profitable for them.

2. Bitcoins is in no way related to fiat , bank accounts in many countries ban buying and selling of cryptocurrencies , conversion of Bitcoins does take time and at the same time the softwares right now are not equipped to handle this simple task , no one is interested in making them .

This is undoubtedly easy , but it does involve added risks. There will be concerns regarding the privacy.

The fee will double and at the same time it would take a lot of time (time is gold in the stock market) . Plus people who are interested in stock market and people who are interested in Bitcoins , it might seem the same but they are on two opposite poles .

3. It is much easier to actually just buy stocks and Bitcoins separately without hampering your privacy

Maybe in the future they will allow the same but right now you should keep your Bitcoins secure and try using the traditional way , till we have a solution.

[Vishnu.Reang]

It's actually very simple. Because the price of each of these stocks are denominated in fiat currency. For example, the Apple stock (AAPL) is listed in NASDAQ exchange. Now we know that all the shares that are listed in NASDAQ are priced in US Dollar. There are crypto stock exchanges such as BitFunder, where you can purchase stocks for Bitcoin or other cryptocurrency.

[Zackgeno96]

Unfortunately if you do want to buy stocks with Bitcoins right now , you have to first convert them in the local currency and then proceeded with buying stocks normally like you do with money .

Problem is :

1. Government and companies see Bitcoins as a Competition and therefore allowing people to trade in Bitcoins regarding the stocks wouldn't be profitable for them.

2. Bitcoins is in no way related to fiat , bank accounts in many countries ban buying and selling of cryptocurrencies , conversion of Bitcoins does take time and at the same time the softwares right now are not equipped to handle this simple task , no one is interested in making them .

This is undoubtedly easy , but it does involve added risks. There will be concerns regarding the privacy.

The fee will double and at the same time it would take a lot of time (time is gold in the stock market) . Plus people who are interested in stock market and people who are interested in Bitcoins , it might seem the same but they are on two opposite poles .

3. It is much easier to actually just buy stocks and Bitcoins separately without hampering your privacy

Maybe in the future they will allow the same but right now you should keep your Bitcoins secure and try using the traditional way , till we have a solution.

Then what is the point of converting the bitcoins to a local currency, the OP is asking for a direct way of investing in stocks with bitcoins.
I believe this to be a KYC issue as the user has to provide many national documents and have to pass many checks for opening a DMAT account and also the legibility of bitcoins as currently bitcoins are in a grey area and many companies aren't accepting bitcoins as a mode of payment for their services just because of the government not legalizing the cryptocurrency sector as a whole.

[Harlot]

It's actually very simple. Because the price of each of these stocks are denominated in fiat currency. For example, the Apple stock (AAPL) is listed in NASDAQ exchange. Now we know that all the shares that are listed in NASDAQ are priced in US Dollar. There are crypto stock exchanges such as BitFunder, where you can purchase stocks for Bitcoin or other cryptocurrency.

US Companies priced at USD has nothing to do with them not being able to accept Bitcoin as a payment it is more related to stock brokers not accepting Bitcoin for their clients to be able to do so. Traditional stock brokerage services often accept traditional payments such as direct cash payments or via bank deposits, it has been in that way for a long time now and I don't think they will accept anymore new methods anytime soon. But like what others have said online brokerage services like eToro has the option to accept Bitcoin as payment. @OP if you don't mind putting in an extra added step for your BTC payments I would suggest you having a custodial wallet where you can liquidate your BTC via bank deposit, the money you receive can be use to fund your account.

[PavelMed]

If the state (government) accepted cryptocurrency, then I think that there would be no problem buying shares for cryptocurrencies. Once this happens, the cost of bitcoin will increase at times, most likely

[beerlover]

It is good that you can't buy stocks with bitcoin. For two main reasons to me, one makes sense to everyone I suppose and one is just pure morony by me. The one that is accepted by many people is the fact that bitcoin could not be traced that well, you can't just buy stocks from a company and be anonymous, you need to come out and that requires KYC, when you get that formal and that legal, you might as well use dollars to buy it as well.

Moreover, there are legal reasons why some people can't buy stocks as well, like being from another country means you need to first get clearance on buying it which takes time. All in all legally speaking it is not that easy to buy stocks with bitcoin, doable but very hard. The silly reason is that I do not want more bitcoin money to go to stocks, I already hate stock market as it is, might as well stay away from bitcoin itself.

[MCobian]

Actually it depends on the broker and in which country we will buy stocks. Because in some countries bitcoin is considered illegal,
therefore rarely can we buy stocks with bitcoin. But there are some websites that accept the purchase of stocks with bitcoin, you
just need to a little diligent just search on the internet. Even in my country there are several brokers that accept payments with
bitcoin.

[TheUltraElite]

Why isn't that possible?! At least I haven't seen the possibility anywhere. It's a huge gap in the market! I'd even buy stocks with 5% or more fees and pay with Bitcoin.

Because no such project has been done yet. Moreover since crypto are not completely legalized we might not see something like that soon. However if @o_e_l_e_o is correct then you should check those sites out and see if they suit you. May vary depending on which country you are in and depending on what stock you actually want to buy since it will be listed on separate exchanges.

Point is that you are not the first person to think of this, I am sure someone has thought the same and hit a wall trying to develop a project in similar objectives. Quite possibly the failed in my assumption.

But you can sell your bitcoins for fiat and use that to pay your broker. But it is thus the long route and not the streamlined one.

[STT]

Not stocks but gold. A step forward I believe!

Historically it would be a step into circles we walked before, dollar of course used to be gold in exchange on demand not domestically but effectively it was that the world wide.   Still that legacy lives on despite not being true over 40 years, thats how we got right here.     A return to assets, commodities in reserve even crypto rather then FIAT seems possible however the hard liners will say BTC is FIAT hence we have a battle ahead and a long road.

[usekevin]

If the state (government) accepted cryptocurrency, then I think that there would be no problem buying shares for cryptocurrencies. Once this happens, the cost of bitcoin will increase at times, most likely

It should be accepted by many countries and then the transfer of bitcoin to Fiat is very easy and efficient. So you can buy the stock with the exchange of bitcoin. I had another idea for you. You can exchange your holding bitcoin at the peak market to your own fiat and then further you can buy assets with that fiat itself. The process which I had shared will be seems lengthier ,but now we have no other option. You may use the cryptocurrency to buy stocks may be in future .

[Kakmakr]

I think Cameron Winkelvoss (The Twins) wanted to do something like this with their Gemini Exchange. In December 2017, Gemini partnered with the CBOE which launched the first-ever cash-settled bitcoin futures contract whose prices are based on Gemini's auction price for bitcoin, denominated in U.S. dollars. Source : https://www.investopedia.com/tech/gemini-winklevoss-bitcoin-exchange/

I also saw this article last year, https://bitcoinist.com/bitcoin-buy-stocks-150-countries-abra/  - I think this is for US citizens only, so just check on the site. https://www.abra.com/

The thing is, these organizations are very regulated, so your anonymity will go out the door, the moment you register for these services. We pride ourselves for the pseudo-anonymity of this technology, but we destroy it by signing up for over regulated services linked to the Fiat system. 

[DoubleEdgeEX]

It just works around a few corners at the moment. We need to wait. Whoever builds an exchange that makes this possible and gets the blessings from FED and Wall Street will be a rich Mofo soon

[imstillthebest]

If the state (government) accepted cryptocurrency, then I think that there would be no problem buying shares for cryptocurrencies. Once this happens, the cost of bitcoin will increase at times, most likely

It should be accepted by many countries and then the transfer of bitcoin to Fiat is very easy and efficient. So you can buy the stock with the exchange of bitcoin. I had another idea for you. You can exchange your holding bitcoin at the peak market to your own fiat and then further you can buy assets with that fiat itself. The process which I had shared will be seems lengthier ,but now we have no other option. You may use the cryptocurrency to buy stocks may be in future .

i heard few sites where op wants is possible but i only forget the name but to make things easier , your suggestion here is also verry applicable  .

not sure if the op already know this idea but what if he didnt also like the idea of converting his crypto to fiat but instead he like direct conversion  . you know its hassel or time consuming too but he also does not want to expose his privacy   .

[bitbunnny]

I think that some brokers might accept Bitcoin for their services but then again the coins you would give them for buying stocks they need to convert to fiat currencies.
As far as I know regulation for stock exchanges is very strict and KYC is required so probably buying stocks half anonimous with currency that is not formaly regulated and in most countries not even defined aa currency is not an option.

[hv_]

https://www.bitstocks.com

?

[dothebeats]

Etoro has that option also mt4 though I think it's not really direct bitcoin-to-stocks option. Some workarounds can be done to do this as well, though it also involves the conversion of BTC to fiat before being transferred to your account. Most brokers do not really implement this as of yet given the volatility of bitcoin, plus there needs to be special licenses to be acquired before they can accept bitcoin as source of funds. Gemini, I think, tried to do this at the least though I haven't heard much from that project since 2018 so..

It will take some serious consideration on the brokers' end before they accept bitcoin or crypto as a means to fund your trading account given the regulations accompanied with dealing crypto.

I also saw this article last year, https://bitcoinist.com/bitcoin-buy-stocks-150-countries-abra/  - I think this is for US citizens only, so just check on the site. https://www.abra.com/

Abra is also offering this same option in the Philippines although with very limited stocks as of the moment. I don't think that the offerings will expand sooner given that there really isn't that much of an interest to that here currently.

[bearexin]

Why isn't that possible?! At least I haven't seen the possibility anywhere. It's a huge gap in the market! I'd even buy stocks with 5% or more fees and pay with Bitcoin. Can't be that nobody has ever thought of making money and offering it to you?! So why not? What am I missing?

I don't know of any platform that is offering that kind of service. Wouldn't that be a lot of work for anyone that tries to do it? And moreover I don't see why you would buy Bitcoin and then be looking for stocks to buy with it. Why not buy the stocks and make payments directly from your bank? If you're looking for something stable, there are some cryptocurrencies that are backed by assets these days or you can buy stablecoins like USDT or PAX.

I do invest in gold by local shop where I never think about any electronic payment options. But I am sure about buying gold for bitcoins in next 3 to 5 years. As of now I believe it is time for saving bitcoins hence I guess it is not right to think about investing using bitcoins.

[roman100]

The main reason it is so hard to buy BTC relates to the issue of using US dollars electronically. Hardware wallets, aka wallets on a secure device, are the safest option; the drawback is that unlike popular apps and software, hardware wallets cost money. Bitcoin trading was eliminated and Japanese financial authorities started issuing cryptocurrency.

[Lorence.xD]

The main reason it is so hard to buy BTC relates to the issue of using US dollars electronically. Hardware wallets, aka wallets on a secure device, are the safest option; the drawback is that unlike popular apps and software, hardware wallets cost money. Bitcoin trading was eliminated and Japanese financial authorities started issuing cryptocurrency.

The reason that there are no stocks that can be bought through bitcoin is that, stock market is tied to the government which means that they are putting taxes on this stocks, dividends, and index funds. Bitcoin on the other hand do not possess this kind of ties with any government because of decentralization, though in the future this can be developed which I hope to be sooner because this is a big opportunity that can further spur bitcoin in mainstream financial circulation.

[Afzal0]

One thing I really agree with is that if you don't want to make a lot of money, you should sell your bitcoins and get your Fiat money back, then deposit the exchange and buy the stock. This will save you money.