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Binary options have been becoming more and more popular in the last 2 years. This type of trading has been desired among new traders as they don’t need to actually buy anything, just predict whether the asset will move up or down in specified time frame. Those trades are happening in short time frames (30 sec, 1 min, 5 min) but might be months too. If the trader predicted wrongly, they will obviously lose their money. If the trader was right in his/her prediction, they will receive 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.

BTC (BTC) is a digital currency which is created and held electronically and no one controls it. “BTC 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 needing an intermediary.Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses its own unit of account, also called BTC. The system works without a central repository or single administrator, which has led the US Treasury to categorize it as a decentralized virtual currency. BTC is often called the first cryptocurrency… “

BTC as a currency in binary options trading

BTC is now widely used currency and many trading platforms accept it as a method of payment for their clients’ trading deposits. There are many benefits using BTC as a currency. The first benefit is “the fact that the cost of transaction is the lowest among all forms of online payment. This is the very reason why BTC was created in the first place, to lower the cost of online transaction. Since there is no central authority managing BTC, no service fee is paid when receiving or transmitting payment.” Another reason for traders to use BTC as a currency is that BTC itself is tradeable and they can earn extra Bitcoins that way.

“By having all the trading transactions denoted in BTC, a trader is able to shield himself from the fluctuation of this crypto currency while at the same time earn more of it through profits earned in trading.”

BTC as a commodity in binary options trading

With a recent popularity of BTC and its acceptance as a currency, many binary options platforms started using BTC as one of the currencies to trade. so as an asset. Stockbrokers are seeing the value in trading BTC against flat currencies, mainly versus American Dollar.

Today there are 2 main types of BTC binary options platforms:

First-generation brokers – binary options platforms that allow trading on BTC
Second-generation brokers – platforms that offer both BTC funding and BTC trading

First generation brokers – brokers who offer BTC trading:

Coinut – only BTC options exchange platform; programmed as a robust and distributed on Linux operating system coinut.com
BTClevels – BTC binary options trading platform; with or without registration, hassle free btclevels.com
24 Options – one of the first brokers who started offering BTC as an asset 24option.com

Second-generation brokers – brokers who offer BTC funding and trading:

Traderush binary platform – accepts BTC deposits traderush.com
Nadex trading platform -accepts BTC funding and allows BTC trading; offers limited risk, short-term trading, transparency and full regulated market nadex.com
Satoshi Option trading platform – accepts BTC funding and allows BTC trading; doesn’t require account registration neither personal details. Payouts are near instantaneous and the service is accessible from anywhere in the world satoshioption.com
BTCOracle platform – BTC only platform – allows BTC funding and trading offering few wallet options and full transparency btcoracle.com
Bitstamp platform – As above, BTC only platform – allows BTC trading and funding but requires login bitstamp.net
BTC Wisdom – allows trading 3 digital currencies, Bitcoins, Litecoins, Altcoins versus other flat currencies and requires login bitcoinwisdom.com
Beast Option – allows BTC funding and trading of Bitcoins and Litecoins; guarantees fairness in pricing regardless of market fluctuations beastoptions.com

When choosing a BTC broker it is important to check their terms and conditions, paying a particular attention to the information whether their BTC Assets are stored in “Deep Cold Storage”. It means that Bitcoins are insured and stored offline, where they are not susceptible to hackers.

Bart Kali