Bitcoin and binary options trading

In the last 2 years, binary options have become increasingly popular. This type of trading was desirable among new traders because they did not need to buy anything, just predict whether the asset would move up or down over time. These transactions occur in a short time (30 seconds, 1 minute, 5 minutes), but can be months. If a trader incorrectly predicts, they will obviously lose their money. If the trader was right in his forecast, he will receive 80-85% of the payouts, depending on the broker.

Binary options are sometimes referred to as “all-or-nothing options,” “digital options,” or “fixed-income options” (FROs) that are traded on the U.S. Stock Exchange.

Bitcoin (BTC) it is a digital currency that is created and stored electronically and is not controlled by anyone. “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 make transactions directly without the need for an intermediary. The registry uses its own unit of account, also called bitcoin, and operates without a central repository or single administrator, forcing the US Treasury Department to classify it as a decentralized virtual currency. cryptocurrency … “

Bitcoin as a currency in binary options trading

Bitcoin is now a widely used currency, and many trading platforms accept it as a way to pay their customers ’trading deposits. There are many benefits to using Bitcoin as a currency. The first advantage is “the fact that the cost of transactions is the lowest among all forms of online payments. This is the very reason why Bitcoin was created primarily to reduce the cost of online transactions. Since there is no central authority managing bitcoins, no service fee is paid upon receipt or transfer of payment. ”Another reason traders use bitcoin as a currency is that the bitcoin itself can be traded, and thus they can earn extra bitcoins.

“Having all the trades listed in bitcoins, a trader can protect himself from the fluctuations of this cryptocurrency, while earning it from the profits made in trading.”

Bitcoin as a commodity in binary options trading

With the recent popularity of bitcoin and its recognition as a currency, many binary options platforms have begun to use bitcoin as one of the currencies to trade. since the asset. Stock brokers see value in BTC trading against flat currencies, mostly against the US dollar.

Today, there are 2 main types of Bitcoin binary options platforms:

  • First-generation brokers – binary options platforms that allow you to trade on Bitcoin

  • Second generation brokers are platforms that offer both Bitcoin financing and Bitcoin trading

First generation brokers – brokers offering Bitcoin trading:

  • Coinut – Bitcoin options exchange platform only; programmed as robust and distributed in the Linux operating system

  • BTClevels – a platform for trading binary options Bitcoin; with or without registration, no problem

  • 24 Options – one of the first brokers to start offering BTC as an asset to

Second generation brokers – brokers offering Bitcoin financing and trading:

  • Traderush binary platform – accepts BTC deposits

  • Nadex trading platform – accepts BTC financing and allows you to trade BTC; offers limited risk, short-term trading, transparency and a fully regulated market

  • Satoshi Option trading platform – accepts BTC financing and allows BTC trading; does not require account registration and personal data. Payments are almost instantaneous, and the service is available from anywhere in the world

  • The BTCOracle platform – a platform for Bitcoin only – allows you to fund and trade BTC by offering multiple wallet options and full transparency

  • Bitstamp Platform – As above, the BTC only platform – allows you to trade and fund BTC, but requires logging in to

  • Bitcoin Wisdom – allows you to trade 3 digital currencies, Bitcoins, Litecoins, Altcoins against other flat currencies and requires login to

  • Beast Option – allows you to finance BTC and trade bitcoins and lightcoins; guarantees fair pricing regardless of market fluctuations

When choosing a bitcoin broker, it is important to check its terms, paying particular attention to information about whether their Bitcoin assets are stored in the “Deep Cold Storage”. This means that bitcoins are insured and stored offline where they are not susceptible to hackers.