Bitcoin and Binary Options Trading

Binary options have become more and more popular in the last 2 years. This type of trading is desired by new traders because they no longer have to buy anything, just predict if the asset will go up or down in a specific time frame. Trades take place in short time frames (30 sec, 1 min, 5 min) but can also take months. If the trader predicts wrong, they will obviously lose their money. If the trader is correct in his prediction, they will receive an 80-85% payout, depending on the broker.

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

Bitcoin (BTC) a digital currency that is created and maintained electronically and has no control over 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 transact directly without the need for an intermediary.Transactions are authenticated by network nodes and recorded in a publicly distributed ledger called a blockchain.The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or an administrator, leading the U.S. Treasury to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency … “

Bitcoin as a currency in binary options trading

Bitcoin is already a widely used currency and many trading platforms have accepted it as a method of paying trading deposits to their clients. There are many benefits to using Bitcoin as a currency. The first benefit is “the fact that the transaction cost is the lowest of all online payment forms. This is why Bitcoin was created in the first place, to lower the cost of online transaction. Because since there is no central authority to manage Bitcoin, there is no service fee charged to receive or send payment. ” Another reason for traders to use Bitcoin as a currency is that Bitcoin itself can be traded and they can get more Bitcoins that way.

“By having all Bitcoin-targeted trading transactions, a trader will be able to protect himself from flipping this crypto currency while at the same time earning more of it by making a profit. earned in trading. “

Bitcoin as a commodity in binary options trading

With a recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms are starting to use Bitcoin as one of the currencies to be traded. so that asset. Stockbrokers saw the value of trading BTC against flat currencies, especially against the American Dollar.

Currently there are 2 main types of Bitcoin binary options platform:

  • First -generation brokers – binary options platforms that allow Bitcoin trading

  • Second generation brokers – platforms that offer both Bitcoin funding and Bitcoin trading

First generation brokers – brokers offering Bitcoin trading:

  • Conut – only Bitcoin options exchange platform; programmed as a robust and distributed Linux operating system

  • BTClevels – Bitcoin binary options trading platform; with or without registration, hassle free

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

Second generation brokers – brokers offering Bitcoin funding and trading:

  • Traderush binary platform – accepts BTC deposits

  • Nadex trading platform -accepts BTC funds and allows BTC trading; offers limited risk, short trading, transparency and fully regulated market

  • Satoshi Option trading platform – accepts BTC funds and allows BTC trading; does not require account registration or personal details. Payments are almost instant and the service can be accessed from anywhere in the world at

  • BTCOracle platform – Bitcoin only platform – allows BTC funding and trading offering several wallet options and full transparency

  • Bitstamp platform – As above, BTC only platform – allows BTC trading and funds but requires login

  • Bitcoin Wisdom – allows trading in 3 digital currencies, Bitcoins, Litecoins, Altcoins versus other flat currencies and requires login

  • Beast Option – allows BTC funding and trading of Bitcoins and Litecoins; guarantees fair pricing despite market fluctuations

When choosing a Bitcoin broker it is important to check their terms and conditions, paying a particular attention to the information if their Bitcoin Assets are stored in “Deep Cold Storage”. This means that Bitcoins are secured and stored offline, where they are not easily taken away by hackers.