Binary options have become increasingly popular in the last 2 years. This type of trading is popular among new traders because they don’t really need to buy anything, just predict whether the asset will move up or down over a set period of time. This trade takes 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 obviously lose their money. If the trader is right in his prediction, they will receive 80-85% payment, depending on the broker.
Binary options are sometimes referred to as ‘completely or non-existent options’, ‘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 as an open source software in 2009. The system is peer-to-peer; users can transact directly without the need for an intermediary. The book uses its own account unit, also called bitcoin. The system operates without a central repository or a single administrator, which led the US Treasury to categorize it as a decentralized virtual currency. Bitcoin is often the first cryptocurrency is called … “
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 customers’ trading deposits. There are many benefits to using Bitcoin as a currency. The first benefit is that “transaction costs are the lowest of all online payment forms. This is why Bitcoin was created primarily to reduce online transaction costs. As there is no central authority, no service fee is charged when managing, receiving or transferring Bitcoin.” “Another reason why traders use Bitcoin as a currency is that Bitcoin is trading and can earn extra Bitcoins in this way.
“By having all the trading transactions shown with Bitcoin, a trader can protect himself from the fluctuations of this cryptocurrency and at the same time earn more thanks to the profits he makes in trading.”
Bitcoin as a commodity in binary options trading
With the recent popularity and acceptance of Bitcoin as a currency, many binary options platforms have begun to use Bitcoin as one of the currencies for trading. as such a being. Exchange traders value BTC in trading against straight currencies, mainly against the US dollar.
Today, there are 2 main types of Bitcoin binary options platform:
First generation brokers – binary options platforms that allow you to trade Bitcoin
Second generation brokers – platforms that offer both Bitcoin financing and Bitcoin trading
First generation brokers – Brokers offering Bitcoin trading:
Coinut – the only Bitcoin option exchange platform; healthy programmed and distributed on Linux operating system coinut.com
BTClevels – Bitcoin binary options trading platform; btclevels.com with or without registration, no problem
24 Option – One of the first brokers to start offering BTC as a 24option.com presence
Second generation brokers – Brokers offering Bitcoin financing and trading:
Traderush binary platform – traderush.com accepts BTC deposits
Nadex trading platform – accepts BTC financing and allows BTC trading; nadex.com offers limited risk, short-term trading, transparency and a fully regulated market
Satoshi Option trading platform – accepts BTC financing and allows BTC trading; neither account registration nor personal information is required. Payments are made immediately and the service is available from anywhere in the world at satoshioption.com
The BTCOracle platform – the Bitcoin platform only – offers less wallet options and full transparency for BTC financing and trading.
Bitstamp platform – As mentioned above, only the BTC platform – allows BTC trading and financing, but access to bitstamp.net is required
Bitcoin Wisdom – allows you to trade 3 digital currencies, Bitcoins, Litecoins, Altcoins against other digital currencies and access bitcoinwisdom.com
Beast Option – allows BTC financing and trading of Bitcoins and Litecoins; Beastoptions.com provides fairness in prices regardless of market fluctuations
When choosing a Bitcoin broker, it is important to check the terms of Bitcoin Assets, paying special attention to whether they are stored in the “Deep Cold Warehouse”. This means that Bitcoins are insured and stored offline in places where they are not susceptible to hackers.