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How to buy stocks with bitcoin? Perhaps surprisingly, stocks and shares have been unnecessarily difficult to buy using bitcoin, despite many brokers offering trades in both. However, trading platform WorldMarkets.ioĀ has just listed the entireĀ Standard and Poor 100 stocks, to trade against bitcoin.
Buy Stocks With Bitcoin: Rare As Hens Teeth
Despite the seemingly natural cross-over in the two markets, direct trading of bitcoin 00 for stocks has been notable in its absence. A quick Google search will throw back several pages explaining how to buy stockĀ in bitcoin, which are best avoided for obvious reasons.
However, the only result which seems to be on the right track is an article shilling a site called 1broker. Clicking the link warns of spoofing and dodgy certificates, and typing the site address into the browser bar, informs you that the domain has been seized by the FBI.
Tokenize and Fractionalize
But now, WorldMarkets.io users can now use bitcoin to buy stock in Apple, Facebook, Netflix, Ford, Boeing, and ninety-five other companies. Using tokenized and fractionalized smart contracts (TFSSC), clients can buy, sell and hold stock in the whole S&P 100.
The platform intends to increase this functionality to cover the entire S&P 500 share index, and it isnāt stopping there. The UKās FTSE 100, Germanyās DAX, and Japanās Nikkei 225 are all in its sights. Plus other major markets including Brazil, France, and Korea, and several ETFs.
Crypto Trading
Buying the stock is a simple enough process. Simply add or purchase bitcoin through your trading account, then choose the stock you wish to trade and the amount of bitcoin you want to spend. Voila!
Initially, all of these stocks will form trading pairs with bitcoin, but WorldMarkets may add support for future trading against other cryptocurrencies, such as Ethereum or Dash.
Additionally, users can already trade cryptocurrency pairs combining several major tokens. These include bitcoin, Litecoin, Ethereum, Dash, Bitcoin Cash, Ripple, Monero, IOTA, and more.
At the same time, Bitcoinist reminds you that only keep money on exchanges that you are willing to lose. Not your private keys, not your cryptocurrency. But you already knew that right?
Raise Your Cap
It isnāt really clear if stock/bitcoin trading pairs have been requested by WorldMarkets users, or simply added ābecause they can.ā No doubt, if it turns out to be a popular feature, it will be popping up on your favorite trading platform soon.
Less than a quarter of those stocks listed in the S&P 100Ā currently have a market cap higher than that of bitcoin. At its peak in December last year, bitcoin out-valued almost 95 percent of the stocks listed.
Meanwhile, as stock markets have also been tumbling recently, some areĀ speculating further gains for BTC price.
Would you buy stock with bitcoin and cryptocurrency? Share your thoughts below!
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.