Bitcoin and Binary Options Trading

Binary options have become increasingly popular over the past 2 years. This type of trading is desirable among new traders because they don’t need to actually buy anything, they just need to predict whether the asset will move up or down within a specified time frame. These trades take place over short periods of time (30 seconds, 1 minute, 5 minutes) but can last for months. If a trader predicts wrong, they will surely lose their money. If the trader was right in their prediction, they will get paid 80-85% depending on the broker.

Binary options are sometimes referred to as “all or nothing,” “digital options,” or “fixed return options” (FROs) traded on the American Stock Exchange.

Bitcoin (BTC) 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. recorded in a publicly distributed ledger. The ledger uses its own unit of account, as well as the name bitcoin. The system operates without a central repository or single administrator, which has led the US Treasury to divide it into several categories. decentralized virtual currency. Bitcoin is often called the first cryptocurrency. .. “

Bitcoin as a currency in binary options trading

Bitcoin is currently a widely used currency and many trading platforms accept it as a payment method for their customers’ trading deposits. There are many benefits to using Bitcoin as a currency. The first benefit is that “the cost of the transaction is the lowest of all forms of online payment. This is the reason Bitcoin was created in the first place to reduce the cost of online transaction. Because there is no central authority, there are no service fees when handling, receiving or transmitting Bitcoin.” Another reason why traders use Bitcoin as a currency is that Bitcoin itself can be exchanged and they can earn extra Bitcoins that way.

“By recording all trades in Bitcoin, a trader can protect himself from the volatility of this cryptocurrency, while at the same time earning more from his trading profits.”

Bitcoin as a commodity in binary options trading

With the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms have started using Bitcoin as one of the currencies to trade. as such an asset. Stockbrokers see value in trading BTC against hard currencies, mainly the US Dollar.

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

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

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

First generation brokers – Brokers offering Bitcoin trading:

  • Coinut – only Bitcoin options exchange platform; programmed as a solid and Linux operating system distributed on

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

  • 24 Options – one of the first brokers to actively offer BTC is

Second generation brokers – Brokers offering Bitcoin financing and trading:

  • Traderush binary platform – accepts BTC deposits

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

  • Satoshi Option trading platform – accepts BTC funding and allows BTC trading; does not require account registration, nor personal information. Payments are instant and the service can be accessed from anywhere in the world at

  • The BTCOracle platform – the only Bitcoin platform – allows funding and trading of BTC, offering multiple wallet options and complete transparency

  • Bitstamp platform – As above, BTC only platform – allows BTC trading and funding, but requires access to

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

  • Beast Options – allows you to fund BTC and trade Bitcoins and Litecoins; guarantees fair pricing regardless of market fluctuations

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 secured and stored offline, where they are not vulnerable to hackers.