Binary options have become more and more popular in the last 2 years. This type of trading was preferred by new traders as they did not really need to buy anything, just to predict whether the asset would move up or down during that time. These transactions take place in a short time (30 seconds, 1 minute, 5 minutes), but can take months. If the trader made a wrong prediction, they will obviously lose their money. If the trader was right in his prediction, they will receive 80-85% payment, depending on the broker.
Binary options are sometimes referred to as “all or nothing”, “digital options” or “fixed return options” (FROs) that are traded on the US stock exchange.
Bitcoin (BTC) is a digital currency that is created, stored electronically, and no one controls 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 equal. Users can make direct transactions without the need for an intermediary. The deals are: checked by network nodes ում registered in a publicly distributed registry called a blockchain. The directory uses its own account unit, called a bitcoin. The system works without a central repository or a single administrator, which has forced the US Treasury to classify it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency … ”
Bitcoin as a currency trading in binary options
Bitcoin is now a widely used currency, with many trading platforms accepting it as a way to pay for their customers’ trade deposits. There are many benefits to using Bitcoin as a currency. The first benefit “is the fact that the transaction value is the lowest of all online payment methods. This is why bitcoin was originally created to reduce the value of online transactions. Because there is no central government. When managing bitcoin, no service fee is paid upon receipt or transfer. ” Another reason for traders to use Bitcoin as a currency is that bitcoin itself is tradable, so they can earn extra bitcoins.
“By marking all trades in bitcoin, the trader can protect himself from fluctuations in this cryptocurrency, while at the same time earning more profit from the trade.”
Bitcoin as a commodity trading in binary options
Due to the recent popularity of Bitcoin as a currency, many binary options platforms have begun to use Bitcoin as one of their trading currencies. so as active. Stock brokers value BTC trading in flat currencies, mainly against the US dollar.
There are 2 main types of Bitcoin binary sampling platforms available today.
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First generation brokers – binary options platforms that allow you to trade bitcoin
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Second generation brokers – platforms that offer both bitcoin financing and bitcoin trading
First generation brokers – Brokers that offer Bitcoin trading.
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Coinut – Bitcoin exchange platform only; is programmed as a solid և popular Linux operating system coinut.com
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BTClevels – Bitcoin binary options trading platform; with or without registration btclevels.com
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Option 24 – One of the first brokers to start offering BTC as an active 24option.com
Second generation brokers – Brokers that offer Bitcoin financing և trading.
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Traderush binary platform – accepts BTC deposits traderush.com
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Nadex trading platform – accepts BTC financing և allows BTC trading; offers limited risk, short-term trading, transparency և fully regulated market nadex.com
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Satoshi Option trading platform – accepts BTC financing և allows BTC trading; does not require account registration or personal information. Payments are almost instant, և service is available from anywhere in the world satoshioption.com
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BTCOracle platform – Bitcoin platform only – allows BTC financing ելով trading several wallet options և full transparency btcoracle.com
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Bitstamp platform – As above, only BTC platform – allows BTC trading և financing but requires access to bitstamp.net
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Bitcoin Wisdom – allows you to trade in 3 digital currencies, Bitcoins, Litecoins, Altcoins against other flat currencies և Requires access to bitcoinwisdom.com
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Beast Option – allows BTC financing և trading Bitcoins և Litecoins; guarantees fair pricing regardless of market fluctuations beastoptions.com
When choosing a Bitcoin broker, you can check their terms and conditions, paying special attention to the information whether their Bitcoin assets are stored in “Deep Cold Storage”. This means that bitcoins are secured են stored online where they are not subject to hackers.