Binary options have become increasingly popular in the last 2 years. This type of trading has been popular among new traders as they don’t need to actually buy anything, just predict whether the asset will move up or down in a certain time frame. These trades happen in short periods (30 seconds, 1 minute, 5 minutes) but can be months. If the trader predicts wrongly, he will obviously lose his money. If the trader was correct in his prediction, he will receive 80-85% of the payouts, depending on the broker.
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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) it 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 transact directly without the need for an intermediary. verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses its own unit of account, also called bitcoins. The system operates without a central repository or a single administrator, which led the US Treasury Department to categorize it as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency…”
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Bitcoin as a currency in binary options trading
Bitcoin is now a widely used currency and many trading platforms accept it as a payment method for their customers’ trading deposits. There are many advantages to using Bitcoin as a currency. The first advantage is “the fact that the cost of the transaction is the lowest among all forms of online payment. This is the same reason why Bitcoin was created in the first place to reduce the cost of an online transaction. Because there is no central authority in managing bitcoin has no service fee when you receive or transmit a payment.” Another reason traders use bitcoin as a currency is that bitcoin can be traded and thus they can earn additional bitcoins.
“If all trading transactions are denominated in Bitcoin, the trader can protect himself from the fluctuations of this cryptocurrency and at the same time earn more from the profit made in the trade.”
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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 their trading currencies. since the asset. Stock brokers see value in trading BTC against fixed currencies, mainly against the US dollar.
There are 2 main types of Bitcoin binary options platforms today:
- The first generation brokers are binary options platforms that allow you to trade Bitcoin
- Second generation brokers are platforms that offer both Bitcoin financing and Bitcoin trading
First generation brokers – brokers offering bitcoin trading:
- Coinut is only a Bitcoin options exchange platform; programmed as a reliable and distributed Linux operating system coinut.com
- BTClevels – Bitcoin Binary Options Trading Platform; with or without registration, no hassle btclevels.com
- 24 Options is one of the first brokers to offer BTC as an asset on 24option.com
Second generation brokers – Brokers that offer Bitcoin financing and trading:
- Traderush Binary Platform – Accepts BTC deposits traderush.com
- Nadex Trading Platform – Accepts BTC funding and allows BTC trading; nadex.com 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 and personal data. Payouts are almost instant and the service is accessible from anywhere in the satoshioption.com world
- BTCOracle Platform – A Bitcoin Only Platform – Allows you to fund and trade BTC, offering multiple wallet options and full transparency btcoracle.com
- Bitstamp Platform – Same as above, BTC only platform – allows trading and funding of BTC, but requires bitstamp.net login
- Bitcoin Wisdom – allows you to trade 3 digital currencies, bitcoin, litecoin, altcoins against other flat currencies and requires a login to bitcoinwisdom.com
- Beast Option – allows you to fund BTC and trade Bitcoin and Litecoin; ensures fair pricing regardless of 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 kept in “deep cold storage”. This means that Bitcoins are secured and stored offline where they are immune to hackers.