Recently, I read an interesting piece by Avatrade Bitcoins Mexico Lead Analyst Pedro Parra. He explained that the Mexican government was considering a new legal status for bitcoins. The article in Foreign Policy Magazine seemed to indicate that the government will announce a new financial instrument called the bitcoins and hopes to make it akin to the Swiss or Canadian model. This means that any person who holds an account with any of these accounts can buy or sell money anytime throughout the day without having to report it or pay any tax or banking fees on the transaction.
The obvious benefit of this system is that any person in the world can buy bitcoins in any country for a fraction of a dollar. This opens up the door to trade anywhere in the world, and not just within Mexico. However, I would caution any trader to only trade in currencies that are legal in the countries they intend to conduct business in. Otherwise, it may seem like a Swiss bank account to many of your customers, and this opens you up for legal action.
For example, did you know that the US government considers all silver coins to be legal tender? You must be a citizen of the United States in order to buy and sell them. But how do you know if you are paying tax on a transaction you made in the wrong currency? In other words, if a customer comes to you and tells you that his silver coin is worth ten US dollars instead of the US dollar you could be fooled into thinking he is a silver dealer and you could owe him ten thousand dollars for his fake coins. Not good.
Many investors like myself have purchased shares from companies likexon, AT&T, and Wells Fargo without any idea of whether they were purchasing legitimate stocks. Even after reading articles like this, I still haven’t verified the company’s reputation in the market. There is no way for the buyer to verify if the company is reputable. But there is a solution to this problem. You can use the services of a brokerage firm which is authorized by the Mexican government to carry out transactions on behalf of their clients. You will have to pay a registration fee and an annual maintenance fee, but you will then enjoy unlimited rights to trade Avatrade bitcoins Mexico and any other US currency, as well as the right to submit questions or make changes to the rules.
This is a very cost effective alternative to other alternatives. With Avatrade bitcoins Mexico, the charges are just a fraction of what you would normally pay. The fees are also very fair because unlike other brokerage firms, the Mexican government has set minimum requirements for buying and selling stocks and bonds. These requirements ensure that only genuine companies are conducting business on Avatrade. This prevents you from being scammed and allows you to use your money wisely.
With Avatrade, you will be able to buy and sell coins from anywhere in the world. You won’t need to be concerned about exchange rates. Although the rates on offer may be different from country to country, you will get the benefit of the best rates when you are buying and selling foreign currencies. There are many reasons why you should consider this opportunity. First, you can have access to many more foreign currencies than with other firms, which will give you a much wider range of investment opportunities.
Secondly, when you are buying Avatrade bitcoins Mexico and other foreign currencies, the coins will be backed by the Mexican legal tender. This means that they are fully guaranteed by the Mexican authorities. Thirdly, when you are selling your coins, you will be paid by the Mexican government as well. This is done through a program called MegaDroid. This robot will monitor the market and automatically withdraw your funds when there is an increase in the value of the coins. These are some of the benefits you stand to enjoy when you invest in Avatrade.
Since it is controlled by the Mexican government, one will not encounter any fraud or scams when you invest. Finally, the exchange rate offered through this site is fixed and does not fluctuate according to other forces. This means that you will not encounter any profit loss when the exchange rate between two currencies changes. In addition, it also offers the protection against any manipulation on the part of the broker.
Que tal Inversionistas MX, aquí les dejo el Live que tuvimos con Antonio Garduño Director de Operaciones de AvaTrade México plataforma en donde tú puedes …