Bitcoin Binary Options

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The value of bitcoin in relation to other currencies typically USD varies wildly almost from minute to minute, making it very interesting from a binary options point-of-view. There are now also brokers that accept bitcoin, and other cryptocurrencies, as deposit methods. So traders can fund their account, and be paid out, in Bitcoin or Ethereum etc. Bitcoins are a worldwide phenomena and a growing interest in binary options. The digital currency has a wickedly volatile exchange rate making it perfect for binary trading of all expiry.

The popularity, and notoriety, of the currency also makes it a prime target of potential scams and the like, so be aware and only trade with trusted brokers such as the ones we list here on binaryoptions. To begin trading Bitcoin binary options btc binary trading options cryptocurrency trading options options you should have at least a marginal understanding of what they are.

Binary options btc binary trading options cryptocurrency trading options, Bitcoins are digitally created currency units that can be spent anywhere Bitcoins are accepted. They are meant to be a free and easy system for international trade that is not reliant on central banks or charges outrageous fees. As coins are mined they become available for sale, trade or exchange. Bitcoins are now used to exchange currencies around the world and for international trade but have yet to be embraced by the world powers.

A few years ago, the number of brokers offering Bitcoin as an asset to trade was very low. Now, the binary options btc binary trading options cryptocurrency trading options is true. So traders now have a range of choices when it comes to finding a broker that offers cryptocurrency trading.

If your current broker does not offer it, consider moving. Sensing a new opportunity with Bitcoin and binary options, some innovative brokers have come up with ways to trade binary options and Bitcoin together. There are essentially 2 ways to trade Bitcoin binary options.

The first method is by using Bitcoin as a medium of Exchange. The second method is by using Bitcoin as an underlying asset. When it comes to using Bitcoin as a medium of exchange, traders will be trading the various underlying assets in financial markets with Bitcoin. So if their trade is successful, they will be paid in Bitcoin instead of fiat currencies like the U.

S dollar or Euro. You might be wondering why anyone would just want to accept Bitcoin when getting paid in U. S dollar as always been fine before. The first benefit of transacting in Bitcoin is the fact that the cost of transaction is the lowest among all forms of online payment. This is the very reason why Bitcoin was created in the first place, to lower the cost of online transaction.

Since there is no central authority managing Bitcoin, no service fee is paid when receiving or transmitting payment. Another key reason for traders to use Bitcoin in Binary options trading is to earn extra Bitcoin.

Bitcoin by itself is traded and its value to the U. S dollar varies according to the demand for it. By having all the trading transactions denoted in Bitcoin, a trader is able to shield himself from the binary options btc binary trading options cryptocurrency trading options of this crypto currency while at the same time earn more of it through profits earned in trading.

Nevertheless, it should be noted that this form of trading is however confined to binary brokers who will accept Bitcoin as a medium of exchange.

In other words, there are only a limited number of binary options brokers which fall into this category. Another method of trading Bitcoin with binary options is to regard Bitcoin as an underlying asset. As mentioned earlier, Bitcoin itself is traded on specialized Bitcoin Exchanges. Its exchange rate in relation to the U. S dollar rises binary options btc binary trading options cryptocurrency trading options falls in accordance to the demand for it.

For example, during the Cyprus banking crisis inloss of confidence in Euro led to investors switching their safe haven of wealth from the Euro to Bitcoin. This sudden surge in demand for Bitcoin helped to push its value up to almost on par with the value of gold prices. Because of this volatility, some binary brokers began introducing binary options contracts which tied to the value of Bitcoin.

Some brokers will now accept bitcoin as an account funding method. This allows traders to deposit, trade with, and be paid out in Bitcoin. The leading broker offering such a service is BinaryCent.

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Satoshi Option is Binary Option trading platform powered by Bitcoin. Whether you see Binary Options as an exciting new type of investment, or rather a skilled form of gambling on the stock market - instead of in a casino - Satoshi Option is the world's first Binary Option trading platform that accepts the Bitcoin currency. Simply decide the direction the price of the underlying asset will move Up or Down.

When a Binary Option is purchased on Satoshi Option, a contract is created between the buyer you and the ghost of the late Satoshi Nakamoto. This gives the buyer you the right to exercise the option at the end of the alloted time period e. Put simply, if you pick correcly, you make a return.

If you pick incorrectly, you lose. Binaries Options are sometimes referred to with different terms depending on which part of the world you are from. Other common terms include 'all-or-nothing options', 'digital options' common in the forex and interest rate marekts , or 'Fixed Return Options FROs ' common in the American stock markets. Making a trade on the Satoshi Option platform could not be more straightforward. Once you have an opinion on the price of the asset e.

Send the bitcoin amount you would like to invest to the appropriate bitcoin address presented on the Satoshi Option website. A binary option is a financial instrument that allows you to predict if the market price of an asset will rise or fall within a certain time period. Binary options are new and provide the trader the ability to make significant profit, very quickly. Trading binary options is quick, easy, and best of all - profitable! Your trade will commence as soon as your bitcoins are received by the Satoshi Option server zero confirmations are usually required.

Normally, this is almost immediately after your send them. The Satoshi Option server persistantly monitors its bitcoin addresses for incoming transactions and keeps track of them accordingly. Your trade will end precisely at the point of the option's expiry. For example, if you selected a 60 second option, your trade will end 60 seconds after your bitcoins were acknowledged and processed by the Satoshi Option server. A correct prediction is when you correctly predict which way the price of the asset will move.

It must move in a specific direction. All other possible outcomes, including when the price does not change, is considered a loss. When you make a correct prediction, you will receieve your payout almost instantly. The only bottleneck is the speed of the bitcoin peer-to-peer network.

During periods of market inactivity e. This can also occur if our market data feed is interrupted. Any bitcoins sent when trading is closed will be refunded instantly minus the 0.

The use of Satoshi Option does not require an account and by extension, no personal details are required. With Satoshi Option it is possible to trade annonymously by sending bitcoin to the appropriate bitcoin address. However, although this is convenient, it requires the user to repeatedly switch to a different web-browser or application in order to place a trade.

Furthermore, some members of the bitcoin community feel that this unecessarily 'bloats the blockchain'. To remedy these concerns, Satoshi Option also offer free, also annonymous, accounts for all traders.

The benefits are numerous. How does it work? When you create a wallet, Satoshi Option programmatically creates a unique, personal, bitcoin wallet address for your exclusive use. Satoshi Option publishes this address directly to your browser session allowing you to send funds to that address. Once your funds arrive in your Satoshi Option wallet, you can trade with those directly on the site by using the new user-interface. As such, you no longer need to send bitcoins each time you make a trade, only the first time.

How do you know when I've topped up my wallet? The Satoshi Option server persistently monitors the transactions associated with each address in real-time, so that when funds arrive, the web-page can be updated immediately for your eyes only.

How do I use my wallet in the future? This URL is unique to your wallet. If you save this URL e. How do I withdraw funds from my wallet? You can withdraw any available funds anytime by clicking the withdraw button. Funds will be sent back to the address es from which the deposit s originated, and in proportion.

After a successful trading session, you now have 12BTC which you have chosen to withdraw. If you do not withdraw your funds they will remain in your Satoshi Option wallet for a maximum of 3 days 72 hours since your last trade or, if you have not traded, your last deposit.

After this period of time, the funds will automatically return back into the bitcoin address from which they were sent. What is Satoshi Option? Other Terms for Binary Options Binaries Options are sometimes referred to with different terms depending on which part of the world you are from.

How to play Satoshi Option Making a trade on the Satoshi Option platform could not be more straightforward. To actually place your trade, simply send bitcoin to the appropriate bitcoin address that reflects your decision.

This transactions takes place almost instantly, and once your bitcoin investment has been receieved by the Satoshi Option servers, the option's duration will commence immediately. After the option's duration has expired, your decision will be correct, or incorrect.

When you make a correct decision, you will recieve a return on your investment almost instantly. The rate of return is indicated on this website. Frequently Asked Questions How do I make a trade? What is a binary option? When does trade commence? When does my trade end? When do I receive my return payout? Why is 'Trading Closed'? End of Day Soon End of Week Soon