Bitcoin and Binary Option Trading

Binary options have become increasingly popular in the last 2 years. This type of trading is intended among new traders as they do not have to buy anything, predicting whether the asset will move up or down within the specified time frame. These professions are happening in the short term (30 sec, 1 min, 5 min) but can also take a few months. If the trader misrepresents, of course, they will lose money. If the trader is right in his announcement, he will receive a payment of 80-85%, depending on the broker.

Binary options are sometimes called ‘all or nothing’ options, ‘digital options’ or ‘fixed return options’ (FROs) traded on the American Stock Exchange.

Bitcoin (BTC) it is a digital currency that is created and maintained 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. It is a peer-to-peer system where users can act directly without the need for intermediaries. Check network nodes and register in a book “The book uses its own unit of account, also called bitcoin. The system works without a central repository or just administrators, which the US Treasury has classified as a category. decentralized virtual currency. Bitcoin is often called the first cryptocurrency …”

Bitcoin as a currency in binary options trading

Bitcoin is now a widely used currency and is accepted by many trading platforms as a method of payment for clients ’trading deposits. There are many advantages to using Bitcoin as a currency. The first advantage “is that the cost of the transaction is the lowest of all online payment methods. This is the reason Bitcoin was first created to reduce the cost of an online transaction. There is no central authority. If you manage Bitcoin, you do not pay service fees when receiving or sending payment.” Another reason for traders to use Bitcoin as their currency is that they can trade Bitcoin itself and earn additional Bitcoins that way.

“By having all the trading transactions indicated in Bitcoin, a trader is able to protect himself from the occurrence of this cryptocurrency and at the same time earn more through the profits made in trading.”

Bitcoin as a commodity in binary options trading

With the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms began using Bitcoin as a trading currency. so as an asset. Stock brokers see value in trading BTC flat currencies, especially against the US dollar.

There are currently 2 main types of Bitcoin binary options platforms:

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

  • Second generation brokers – platforms that offer Bitcoin financing and Bitcoin trading

First generation brokers – Brokers that offer Bitcoin trading:

  • Coinut – Bitcoin options exchange platform only; firmly programmed and distributed on the Linux operating system

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

  • 24 Options – One of the first brokers to start offering as a BTC asset

Second generation brokers – Bitcoin brokers that offer financing and trading:

  • Traderush binary platform – BTC supports deposits

  • The Nadex trading platform supports BTC financing and enables BTC trading; it offers limited risk, short-term trading, transparency and a complete regulated market for

  • Satoshi Option trading platform – supports BTC financing and enables BTC trading; it does not require registration or personal data. Payments are instant and the service can be accessed from anywhere in the world

  • BTCOracle platform – Bitcoin only platform – BTC financing and trading allows few portfolio options and full transparency

  • Bitstamp platform – As above, only BTC platform – allows BTC trading and financing, but must log in

  • Bitcoin Wisdom – allows you to trade with 3 digital currencies, Bitcoins, Litecoins, Altcoins and other flat currencies and log in to

  • Beast Option – allows BTC financing and trading of Bitcoins and Litecoins; guarantees fairness in prices, regardless of market fluctuations

When choosing a Bitcoin broker it is important to check their terms and conditions, paying special attention to whether their Bitcoin assets are stored in the “Cold Warehouse”. Bitcoins mean that they are offline and stored insurance, where they are not subject to hackers.