Binary options have become increasingly popular in the past 2 years. This type of trading is desirable for new traders because they actually have nothing to buy. Simply predict whether the asset will rise or fall within a certain period of time. These transactions take place within a short period of time (30 seconds, 1 minute, 5 minutes), but can also take months. If the dealer predicted incorrectly, he clearly loses his money. If the trader was right in his forecast, he would receive a payment of 80 to 85% depending on the broker.
Binary options are sometimes referred to as “all or nothing options,” “digital options,” or “fixed-rate options” (FRO), which are traded on the US stock exchange.
Bitcoin (BTC) is a digital currency that is created and stored electronically and that nobody manages. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and released it in 2009 as open-source software. The system is peer-to-peer; users can trade directly without an intermediary’s intervention. Verified by network nodes and contained in a publicly distributed ledger called Blockchain. The ledger uses its own unit of account, also called Bitcoin. The system works without a central repository or a single manager. This led to the US Treasury Department using it as a decentralized virtual currency Bitcoin is often referred to as the first cryptocurrency … “
Bitcoin as a currency in binary options trading
Bitcoin is now a widely used currency and is accepted by many trading platforms as a means of payment for their customers’ trading deposits. Bitcoin, as a currency, offers many advantages. The first advantage is “the fact that transaction costs are the lowest for all forms of online payment. This is precisely why Bitcoin was primarily developed to reduce the cost of online transactions. No central authority, Bitcoin, has that There are no service fees when receiving or sending payments. “Another reason for merchants to use Bitcoin as a currency is that Bitcoin itself is tradable and can earn additional Bitcoins.
“By tracking all trading transactions in Bitcoin, a trader can protect himself from the fluctuations of this cryptocurrency and earn more thanks to the btc profits he has made in trading.”
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 to use Bitcoin as one of the trading currencies. So as a plus. Stockbrokers see the value of trading BTC against flat currencies, especially against the US dollar.
There are two main types of platforms for Bitcoin binary options today:
First-generation brokers – binary options platforms that enable trading in Bitcoin
