The price of bitcoin trading has nearly tripled in 2017, and headlines about huge daily moves in the bitcoin market can’t help but pique the interest of most traders. Unfortunately, at this point in time, trading bitcoin directly can be a bit of a pain. For traders starting from scratch, here are four ways to trade bitcoin. 1. Coinbase Coinbase is a cryptocurrency exchange and trading platform that allows customers to trade bitcoin directly. Coinbase even offers margin trading for traders who qualify under the Commodity Exchange Act. These qualifications are geared more toward institutional investors than small retail traders. Requirements include at least $5,000,000 in discretionary investments for individuals. In January, 2010, an open source currency exchange platform was released by the founder of Bitcoin Central. The two major exchanges at the time, Bitcoin Market and MtGox, were hit with a wave of PayPal scams in October 2010, where one or a group of individuals used stolen PayPal accounts to fund their exchange accounts to buy bitcoins. This has caused the freezing of the Mtgox paypal account, and a suspension of new user registration on Market. These account freezes caused a temporary liquidity problem for the bitcoin economy, as it became more difficult to exchange dollars for bitcoins. 50649
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