Bitcoin Binary Options Brokers – Legal Brokers That Accept Bitcoin
Financial trade and investments was considered to be a tough career choice according to most people. They used to avoid the opportunities to work in such a busy and noisy environment.
Since its beginnings, the markets have evolved and assets have changed, ultimately leading us to the growth of modern financial investments.
Binary options trading is a specific type of financial investment that has made quite an impression globally.
One important point regarding binary options is the fact that all trading is processed online. It has been defined as speculations on the market regarding the price of a certain commodity, stock, Forex exchange currency, and more.
The name binary originates from the very fact that these speculations primarily consist of two options – win or lose, i.e. Call or Put. This type of trade has its own specialized brokers who can help you invest your money. If your speculations do come true, you are expected to win back the investment plus a certain percentage of its amount.
Otherwise, your investment money falls through the cracks.
Recommended Binary Option Brokers accepting Bitcoin:
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Payout %: 90%
Payout %: 95%
Seems a little risky, doesn’t it? This risk has created disagreements between the binary trading brokers and numerous governments all over the world. The real reason for such arguments is the fact that some of them define binary options trading as an investment but others think it looks like gambling. That is why brokers have a lot of trouble legalizing binary options. When it is combined with bitcoins, there are even less chances that it might be approved.
Bitcoins are a cryptocurrency which appeared in 2008. Since then, many online businesses started using it as any other currency. They are known for their fast transfers and accessibility, which is how they ultimately got a place among the other currencies in the binary options trades.
Frequently Asked Questions
Binary options trading and bitcoins are relatively new phenomena. That is why people don’t know a lot about them. These guidelines can answer some of the questions which you might have regarding this matter. That way, you can learn the basics of the systems, like sign up procedures and simple binary options trading. After that, you should also be able to understand complex trades and even entire strategies which might help you profit from your next investment.
How can I sign up for bitcoin binary options?
Where can I buy some bitcoins?
The bitcoin’s value is constantly on the rise, which is why you shouldn’t disregard the process od mining without trying it. Of course, you can always buy some bitcoins, but they might be a bit expensive.
Where should I keep my bitcoins?
What can I do with the bitcoins on the binary options trading platform?
Therefore, the type of platform you choose will determine what you are supposed to do with bitcoins.
How do bitcoin withdrawals and deposits function?
Are there any fees for bitcoin transfers?
Would I be completely anonymous on the binary options trading broker platform?
What is the main disadvantage of bitcoin binary options trading?
If your country still has not legalized bitcoin binary options trading, you can try it by using a Virtual Private Network with a different IP. In this case, you need to make sure you choose the IP from a country that has legalized this activity.
Which trading options will I get from my bitcoin binary options broker?
‘Range’ trading slightly increases the trader’s chances because it allows them to set a period of time instead of an exact time point like in the previous option. Some are strictly time-limited trading options such as ’10 minute’ and ’60 seconds’ trades.
What is the most profitable strategy for bitcoin binary options traders?
Another thing that can help you profit from binary options trading is keeping track of events in the world of finance. Plus, you always have to be informed about the latest global events which might influence the assets’ price. These mainly include natural catastrophes, news on politics and social movements. There is no precise definition of the best strategy, but you can always try to combine these two advice’s and see what happens. In the end, there are people who simply rely on their instincts and hope that they will be lucky enough to profit from their investments.
Legal Matters Relating Bitcoin Binary Options Trading
Separately, both bitcoins and binary options trading are complex terms. Still, you need to understand them if you ever want to make some money from investing in bitcoin binary options.
On the one hand, bitcoins are a new but highly valued digital currency. It has an advantage in relation to the normal, real-life currencies that we know, but only on the Internet. Of course, it is hardly traceable, yet completely transparent, decentralized, yet utterly fast and responsive, and greatly valued, yet completely uncertain. This instability is the main reason why most countries still maintain their strict anti-money laundering policies and believe that bitcoins can help criminals in their businesses.
Binary options trading has also cause a lot of debates and arguments, mainly because some of you see it as an investment capital platform, while others recognize the addictiveness of the risky online gambling sites.
Therefore, there are still many aspects which need to be tuned and refined in order to make this phenomenon truly global, but Europe’s liberal practices seem to set a fine example and give brokers some hope.