oh that’s great information. I don’t want to trade bitcoin so I don’t want to benefit from any valuation. I just want to use bitcoin to fund my forex broker and withdrawal with bitcoin. Then transfer to my bank account. So how do I exchange btc into a usd tethered crypto on Coinbase? FxPro doesn’t use usdc
Hi SmallPaul - what method(s) do you use to depost/withdraw from FXChoice? They list vload and bitcoin as available methods.
Thanks!
i use epayment they no longer take us residents
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If you want to fund with BTC and withdraw with BTC, then you may not see any real benefit from using a fiat-tethered cryptocurrency, as the biggest downtime that you may experience is during the transfer process to/from your broker, especially as the withdrawal request can take up to 48 hours if they process requests manually. Once your BTC is transfered to your Coinbase account, you can quickly initiate an exchange prior to transferring to your bank account.
That being said, you will likely want to be able to transfer to and/or from your broker using a fiat-tethered cryptocurrency, in lieu of BTC, so that you can lock-in the valuation prior to those transfers due to the volatile nature of crypto.
There are a few, fiat-tethered cryptocurrencies available. If your broker does not offer any solutions for that, then I would recommend submitting a request for it and explaining your reasoning. I did the same with Coinexx and they listened.
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got it. thanks!
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RE: Coinexx, Have your issues with lower than expected leverage ( I believe you selected 500:1 and was only receiving 300:1) and non functioning withdrawal requests been resolved? Thanks.
after waiting 2 weeks they told me leverage can be set in the client portal from 100 to 500, they never address the issue but i had already open a new account and did internal transfer im back to 500:1, if this happpen again im out. yes they fix the withdrawal issue
to avoid the deposit hold you should use coinebase pro and not coinbase also the fees is much cheaper at coinbase pro
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COINBASE SECURITY GETTING RIDICULOUSLY COMPLEX
So I wanted to push some LTC to Coinexx, and Coinexx is waiting.
I sign into Coinbase, and use the 2 factor authentication, and also
reply to the device authorization email… and then I initiate the
send of LTC. After trying it fresh 3 times, and getting “this transaction
will be delayed” (and cancelling) I finally decide to send…
Coinbase says “this transaction will be delayed”. Then I find out
the funds I sent are frozen, and I get an email that the delay is for
72 hours !!! The LTC account is debited; and I’m stuck…
Meanwhile, Coinexx is waiting… and will probably time out if it’s
really a 3 day delay. Exactly how they are going to determine my
transaction is “authorized”… right now, I have no clue.
I guess I need a better Crypto facility than Coinbase ?..
In general this whole Internet security B.S. is getting ridiculous.
Coinexx is now using Cloudflare, the nemesis of the Internet !! It
blocked my access to Coinexx, no explanation, probably determined
some “black box” combination of VPN usage and U.S. perhaps…
but I speculate.
JUST SO MUCH COMPLEXITY. I don’t want to start
a great big discussion on this, but apparently I need to find a more
reliable Crypto facility than Coinbase… ANY RECOMMENDATIONS?
In the past, I’ve found Coinbase just fine. But things are changing…?
[EDIT] Looks like I just triggered their identify verification, which includes
upload of Drivers License front/back and a webcam photo check…
OK, trying to say calm here; but the sheer complexity of all this could
surely be simplified… Just venting, I know… I’m still game, but things
are just getting ridiculously complex navigating the internet these
days; and I’m not mentioning Googles ridiculous "check all the pictures
showing storefronts, crosswalks, chimneys… " and the list goes on !!!
[EDIT2] Coinbase was very quick in verifying License and webcam
photo and released the transaction… So why am I complaining? They
are protecting me, and satisfying “nanny state regulations”… What
could be better???
[EDIT3] AND FINALLY, Coinexx immediately auto-credited the deposit,
even after the lengthy delay while I figured out what the H*LL Coinbase
needed !!! All’s well that ends well; now back to trading?.. LOL 
hyperscalper
Here’s a CloudFlare mediated blockage of Coinexx access.
I worked around that.
Here’s Coinbases “will be delayed” message. But they did not say it would
be for 72 hours !!!
AND FINALLY… THIS NICE LITTLE EMAIL:
Not surprising. I expect things to get worse:
CoinBase will eventually be operating like a bank, setting restrictions, limitations and fees for everything and going overkill on security. I will hold back the vomit since my ranting likely causes me to sound excessively, anti-American.
If this starts becoming the norm, all the more reason to transfer to a personal wallet before sending funds off to your broker to ensure seamless transfer. To each, their own, though.
Being upset at legislation that threatens your livlihood is understandable. Free speech and objection to government overreach is as American as the Boston Tea Party. Infringement of liberties is Anti-American!
Ideally, we would be encouraging the best of the best brokers to operate here while still enforcing AML. I believe this can be done. I am a gung-ho American and believe many of the rules inhibiting retail forex are absolute rubbish that need to change. It’s a perfectly pro-American stance.
I agree. I simply try to refrain out of consideration for anyone here that might annoy easily by my repeated ranting. 
Yea that’s always a good start
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I think this idea is coming to the forefront again, the idea of operating a
"private bank". I’d think a dedicated server with a fully recoverable
vault situation would be the best approach; and I might just consider
that myself… 
hyperscalper
SHIFT CARD BACKED BY CRYPTO IS NOW CLOSED
This was a great option which could be backed by your Coinbase
BTC (and possibly other Cryptos) which was a Debit Card.
Well, now they’re shut down the program and hope to re-open
it. I haven’t researched their reasons, but most likely it’s “the
nanny state” and regulations which forced closure of the
Shift card.
[EDIT] although another suggestion is that they were unable to
achieve enough demand for the service… Seems like there is
a demand to have a Crypto backed Debit card ??
Read about it here: [deleted, no longer points to content]
[EDIT2] geez, this now redirects to aptopayments… anyway …?
[EDIT3] I deleted that link since it no longer points to the content
hyperscalper
That’s a awesome idea!
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i have split my tradersway account up with lqdfx and i must say it’s the best thing i did, they are a very solid broker and trustworthy, did 1 withdrawal everything went smooth.
my most trusted broker list that pays withdrawals:
coinexx
lqdfx
fxchoice
tradersway- 50% account split with lqdfx
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Interesting. I looked at their offerings and they don’t look too bad at all. I noticed on NGAS and OIL they offer no swaps as well. Tradersway was like that before they delisted NGAS.
I wonder what has prevented them from getting preferred broker status?
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Hello YoungGun, I’ve come across your Babypips posts and noticed you are one of the larger forex investors on the thread. I was hoping you could shed some light into what broker you currently use and trust with a larger deposit such as >$100k. I myself am having trouble finding a forex broker that can suit my needs due to CFTC regulations. I figured you may still be using FXChoice however I wanted to contact you and ask for myself. How are deposits and withdrawals on FXChoice for larger investors such as ourselves? If you’ve switched from FXChoice can you please let me know what broker you are with now? I appreciate the help, thank you.
