Bitcoin and binary options trading

Binary options have become increasingly popular in the last 2 years. This type of trading is desirable among new traders, as they do not have to buy anything, they just predict whether the asset will move up or down over a period of time. These transactions take place in short time frames (30 seconds, 1 minute, 5 minutes), but can be months. If the trader has made a mistake, they will obviously lose their money. If the trader was right in his forecast, he will receive 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 US Stock Exchange.

bitcoin (BTC) is a digital currency that is created and held electronically and is not controlled by anyone. Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and launched it as open source software in 2009. The system is peer-to-peer; users can make transactions directly without the need for an intermediary. Transactions are checked by network nodes and recorded in a public distributed register called a blockchain. The registry uses its own unit of account, also called bitcoin. The system operates without central storage or an administrator, which led the US Treasury Department 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 are adopting it as a payment method for trading deposits with their customers. There are many benefits to using bitcoin as a currency. The first benefit is “the fact that the transaction price is the lowest among all forms of online payment. This is the very reason why bitcoin was created primarily to reduce the cost of the online transaction. Because there is no central governing body bitcoin, no service charge is payable upon receipt or transmission of payment. ” Another reason traders use bitcoin as a currency is that bitcoin itself can be traded and they can earn extra bitcoins this way.

“As all trade transactions are denoted in bitcoin, the trader is able to protect himself from the fluctuations of this cryptocurrency, while at the same time earning more from it through profits earned from trading.”

Bitcoin as a commodity in binary options trading

With the recent popularity of bitcoin and its adoption as a currency, many binary options platforms have begun to use bitcoin as one of the trading currencies. so as an asset. Stockbrokers see the value of trading BTC against fixed currencies, mainly against the US dollar.

Today there are 2 main types of platforms for bitcoin binary options:

  • First generation brokers – binary options platforms that allow bitcoin trading

  • Second generation brokers – platforms that offer both bitcoin financing and bitcoin trading

First generation brokers – brokers offering bitcoin trading:

  • Coinut – a platform for exchanging only bitcoin options; programmed as robust and distributed in the Linux operating system coinut.com

  • BTClevels – Bitcoin platform for binary options trading; with or without registration, seamlessly btclevels.com

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

Second generation brokers – brokers offering bitcoin financing and trading:

  • Traderush Binary Platform – accepts BTC traderush.com deposits

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

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

  • BTCOracle platform – a bitcoin-only platform – allows BTC financing and trading, offering several portfolio options and full transparency btcoracle.com

  • Bitstamp Platform – As above, BTC-only platform – allows trading and financing with BTC, but requires login to bitstamp.net

  • Bitcoin Wisdom – allows trading in 3 digital currencies, bitcoins, lightcoins, altcoins against other flat currencies and requires login bitcoinwisdom.com

  • Beast Option – allows BTC financing and trading with bitcoins and lightcoins; guarantees fairness in pricing, despite market fluctuations beastoptions.com

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