Binary options are becoming more and more popular in the last 2 years. This type of trading is desirable among new traders because they do not actually need to buy anything, just predict that the asset will go up or down within a certain period of time. These trades occur in short time frames (30 seconds, 1 minute, 5 minutes) but can be months. If traders make wrong predictions, they will surely lose their money. If the trader is right in his prediction, they will get 80-85% payout depending on the broker.
Binary options are sometimes referred to as ‘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 kept electronically and no one controls it. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who invented it in 2008 and released it in 2009 as open-source software. The system is peer-to-peer; users can transact directly without the need for intermediaries. Transactions are networks. Is verified by nodes and recorded on a public distributed ledger called Blockchain. The laser uses its own unit of account, also called Bitcoin. 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 benefits to using Bitcoin as a currency. The first advantage is that “the transaction cost is the lowest of all types of online payments. This is why Bitcoin was created to reduce the cost of online transactions. Since there is no central authority. ” Another reason why traders use Bitcoin as a currency is that Bitcoin itself is tradable and they can thus earn extra Bitcoin.
“By identifying all trading transactions in Bitcoin, a trader is able to protect himself from the fluctuations of this cryptocurrency and at the same time earn more from it through the profits earned in trading.”
Bitcoin as a product 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 currency of trade. So as an asset. Stockbrokers are looking at the value of BTC transactions against flat currencies, mainly against the US dollar.
Today there are 2 main types of Bitcoin Binary Options Platform:
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First Generation Broker – Binary Options Platform that allows you to trade Bitcoin
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Second Generation Broker – Platform that offers both Bitcoin Funding and Bitcoin Trading
First generation brokers – Brokers who offer Bitcoin trading:
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Coinut – the only Bitcoin alternative exchange platform; Programmed as a powerful and distributed Linux operating system at coinut.com
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BTClevels – Bitcoin Binary Options Trading Platform; With or without registration, hassle free btclevels.com
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24 Options – One of the first brokers to start offering BTC as an asset to 24option.com
Second generation brokers – Brokers who offer bitcoin funding and trading:
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Traderush Binary Platform – accepts BTC deposit traderush.com
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Nadex Trading Platform – accepts BTC funds and approves BTC trading; Nadex.com offers limited risk, short-term trading, transparency and a fully regulated market
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Satoshi Option Trading Platform – accepts BTC funding and allows BTC trading; No account registration or personal details required. Payouts are instantly close and the service is accessible from anywhere in the world at satoshioption.com
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BTCOracle Platform – Bitcoin Platform Only – BTC Funds and Trading Offers Some Wallet Options and Full Transparency btcoracle.com
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Bitstamp Platform – Like above, BTC only platform – BTC allows trading and financing but must login to bitstamp.net
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Bitcoin Wisdom – Allows to trade 3 digital currencies, Bitcoin, Lightcoin, Altcoin vs other flat currencies and login to bitcoinwisdom.com
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Beast Option – allows BTC funds and Bitcoin and Lightcoin trading; Beastoptions.com guarantees fairness in pricing regardless of market fluctuations
When choosing a bitcoin broker, it is important to check their terms and conditions to see if their bitcoin assets are stored in “deep cold storage”. This means that bitcoins are insured and stored offline, where they are not vulnerable to hackers.