Bitcoin and Binary Options Trading

49
7811

Binary options have become increasingly popular over the past 2 years. This type of exchange was desired by the new operators because they do not need to buy anything, just predict whether the asset will increase or decrease in a given period of time. These exchanges occur in very short time (30 seconds, 1 minute, 5 minutes), but can also last several months. If the trader had wrongly predicted, they would obviously lose their money. If the merchant was right in his prediction, he will receive a payment of 80 to 85%, according to the broker.

Binary options are sometimes referred to as "all-or-nothing options", "digital options" or "fixed-yield options" (FROs), which are traded on the US Stock Exchange.

Bitcoin (BTC) is a digital currency created and held electronically and nobody controls it. "Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and published it as open source software in 2009. The system is peer-to-peer; can perform transactions directly without going through an intermediary Transactions are verified by network nodes and registered in a distributed public registry called blockchain, which uses its own unit of account, also called bitcoin, which works without a central repository or a single administrator which has led the US Treasury to classify it as a decentralized virtual currency Bitcoin is often called the first cryptocurrency … "

Bitcoin as a currency in the trading of binary options

Bitcoin is now a widely used currency and many trading platforms accept it as a payment method for their customers' deposits. There are many benefits to using Bitcoin as your currency. The first benefit is "the fact that the transaction cost is the lowest of all forms of online payment.This is the very reason why Bitcoin was created in the first place, in order to reduce the cost of the Online transaction.In the absence of Bitcoin Central Authority management, no service fee is paid upon receipt or transmission of payment. "Another reason why traders use bitcoin as a currency is that the bitcoin itself is exchangeable and can earn additional bitcoins in this way.

"By having all the Bitcoin business transactions, a trader can protect himself from the fluctuation of this crypto-currency while gaining more from the profits from trading."

Bitcoin as a commodity in the trading of binary options

Given the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms have started using Bitcoin as one of the currencies to trade. so as an asset. The investment dealers see the value of the BTC transaction against flat currencies, mainly against the US dollar.

There are today 2 main types of bitcoin binary options platforms:

  • First Generation Brokers – Binary Options Platforms for Trading on Bitcoin

  • Second generation brokers – platforms offering both Bitcoin financing and Bitcoin trading

First generation brokers – brokers offering Bitcoin trading:

  • Coinut – only Bitcoin exchange option platform; programmed as a robust operating system and distributed on Linux coinut.com

  • BTClevels – Bitcoin Binary Options Trading Platform; with or without registration, without hassle btclevels.com

  • 24 Options – one of the first brokers to offer BTC as an asset 24option.com

Second generation brokers – brokers offering Bitcoin financing and trading:

  • Traderush binary platform – accept BTC repositories traderush.com

  • Trading platform Nadex – accepts BTC financing and allows the negotiation of the BTC; offers limited risk, short-term trading, transparency and a fully regulated market nadex.com

  • Satoshi Option Trading Platform – accepts BTC financing and allows BTC trading; does not require account registration or personal details. Payments are almost instant and the service is accessible from anywhere in the world satoshioption.com

  • The BTCOracle platform – only bitcoin platform – enables the financing and trading of BTC, offering limited portfolio options and total transparency btcoracle.com

  • Bitstamp platform – As above, only BTC platform – allows financing and trade BTC, but requires a bitstamp.net connection.

  • Bitcoin Wisdom – allows to exchange 3 digital currencies, Bitcoins, Litecoins, Altcoins compared to other flat currencies and requires a login bitcoinwisdom.com

  • Beast Option – allows BTC financing and trading of Bitcoins and Litecoins; guarantees fair prices regardless of market fluctuations beastoptions.com

When choosing a Bitcoin broker, it is important to check their terms and conditions, paying particular attention to information indicating whether their Bitcoin assets are stored in "Deep Cold Storage". This means that Bitcoins are insured and stored offline, where they are not exposed to hackers.


Comments are closed.