Binary options have become increasingly popular in the last 2 years. This type of trading was desirable among new traders because they did not actually need to buy anything, it was enough to predict whether the asset would move up or down within a certain time frame. These trades take place over a short period of time (30 seconds, 1 minute, 5 minutes), but can take months. If a trader makes a wrong prediction, they will surely lose their money. If the trader was right in his prediction, they will receive 80-85% of the payment, depending on the broker.
Binary options are sometimes referred to as “all or nothing”, “digital options” or “fixed return options” (FROs) traded on the American Stock Exchange.
Bitcoin (BTC) is a digital currency created and stored electronically and no one controls it. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and released it as open source software in 2009. The system is peer-to-peer; users can operate directly without the need for an intermediary. Transactions are controlled by network nodes and blockchain The system operates without a central repository or a single administrator, which has led the US Treasury to categorize it into a number of decentralized virtual currencies. Bitcoin is often called the first cryptocurrency. .. “
Bitcoin as a currency in binary options trading
Bitcoin is currently a widely used currency, and many trading platforms accept it as a payment method for their customers’ trading deposits. There are many benefits to using Bitcoin as a currency. The first benefit is that “the cost of the transaction is the lowest of all forms of online payment. This is why Bitcoin was created primarily to reduce the cost of online transactions. Because there is no central authority, no service fee is charged when managing, accepting or transferring Bitcoin.” Another reason why traders use Bitcoin as a currency is that Bitcoin itself is exchangeable and they can earn extra Bitcoin in this way.
“By recording all trades in Bitcoin, a trader can protect himself from changes in this cryptocurrency, as well as earn more from the profits from trading.”
Bitcoin as a commodity in binary options trading
With the recent popularity of Bitcoin and its adoption as a currency, many binary options platforms have begun to use Bitcoin as one of the currencies for trading. such as an asset. Stockbrokers see the value of BTC in trading against straight currencies, especially the US dollar.
Today, there are 2 main types of Bitcoin binary options platforms:
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First generation brokers – binary options platforms that allow you to trade Bitcoin
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Second generation brokers are platforms that offer both Bitcoin financing and Bitcoin trading
First generation brokers – Brokers offering Bitcoin trading:
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Coinut – the only Bitcoin options exchange platform; programmed as robust and the Linux operating system is distributed at coinut.com
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BTClevels – Bitcoin binary options trading platform; registered or unregistered, hassle-free btclevels.com
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24 Options – 24option.com, one of the first brokers to actively offer BTC
Second generation brokers – Brokers offering Bitcoin financing and trading:
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Traderush binary platform – traderush.com accepts BTC deposits
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Nadex trading platform – accepts BTC financing and allows BTC trading; nadex.com offers limited risk, short-term trading, transparency and a fully regulated market
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Satoshi Option trading platform – accepts BTC financing and allows BTC trading; does not require account registration, nor personal information. Payments occur immediately and the service can be accessed from anywhere in the world at satoshioption.com
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The BTCOracle platform – the only Bitcoin platform – allows BTC financing and trading, offering multiple wallet options and full transparency btcoracle.com
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Bitstamp Platform – As mentioned above, only the BTC platform – allows BTC trading and financing, but requires access to bitstamp.net
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Bitcoin Wisdom – 3 digital currencies, Bitcoins, Litecoins, Altcoins allow you to trade against other straight currencies and requires access to bitcoinwisdom.com
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Beast Options – allows you to finance BTC and trade Bitcoins and Litecoins; beastoptions.com guarantees the fairness of prices regardless of market fluctuations
When choosing a Bitcoin broker, it is important to check their terms and conditions by paying special attention to whether their Bitcoin Assets are held in a “Deep Cold Warehouse”. This means that bitcoins are insured and stored offline, where they are not sensitive to hackers.