Bitcoin and binary options trading

Binary options have become increasingly popular in the last 2 years. This type of trading has been desired among new traders as they don’t really need to buy anything, just predict whether the asset will move up or down in a specified period of time. These operations are done in short periods of time (30 seconds, 1 min, 5 min), but can also be months. If the trader erroneously predicted, they will obviously lose their money. If the trader was right in his prediction, he will receive a payment of 80-85%, depending on the broker.

Binary options are sometimes referred to as “all-or-nothing options,” “digital options,” or “fixed yield options” (FROs), which are listed on the American stock exchange.

Bitcoin (BTC) it is a digital currency that is created and maintained electronically and no one controls it. “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 verified by network nodes and recorded in a distributed public registry called a blockchain.The ledger uses its own unit of account, also called bitcoin.The system works without a central repository or a sole 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 binary options trading

Bitcoin is now a widely used currency and many trading platforms accept it as a method of payment for their clients ’trading deposits. There are many advantages to using Bitcoin as a currency. The first benefit is “the fact that the cost of the transaction is the lowest of all forms of online payment. This is the same reason why Bitcoin was created in the first place, to reduce the cost of the transaction in Because there is no central authority managing Bitcoin, no service fee is paid upon receipt or transmission of the payment “. Another reason for traders to use Bitcoin as a currency is that Bitcoin itself is negotiable and they can earn additional Bitcoins that way.

“By having all the commercial transactions denoted in Bitcoin, a trader can protect himself from the fluctuation of this cryptocurrency and at the same time get more out of it thanks to 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 one of the currencies for trading. then as an asset. Stock brokers are seeing the value of BTC trading against flat currencies, mainly 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 with Bitcoin

  • Second Generation Agents: Platforms that offer Bitcoin financing and Bitcoin trading

First generation brokers – Brokers that offer Bitcoin trading:

  • Coinut: Bitcoin’s only options trading platform; programmed as robust and distributed on the Linux operating system

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

  • 24 Options: One of the first brokers to start offering BTC as an asset

Second generation brokers – Brokers offering Bitcoin financing and trading:

  • Traderush Binary Platform: accepts BTC deposits

  • Nadex trading platform: accepts BTC financing and allows BTC trading; 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 or personal data. Payments are almost instant and the service is accessible from anywhere in the world

  • BTCOracle Platform – Bitcoin Only Platform – Enables BTC Financing and Trading Offering Few Portfolio Options and Total Transparency

  • Bitstamp platform: as before, only BTC platform: allows trading and financing of BTC, but requires login

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

  • Beast Option: allows BTC financing and trading of Bitcoins and Litecoins; guarantees price fairness regardless of market fluctuations

When choosing a Bitcoin broker, it is important to check your terms and conditions, paying special attention to the information of whether your Bitcoin assets are stored in “Deep Cold Storage”. It means that bitcoins are secured and stored offline, where they are not susceptible to hackers.