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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Deposit: $200
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Deposit: $250
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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.

  1. How can I sign up for bitcoin binary options?

    The only difference between bitcoin binary options and regular ones is the fact that the former include bitcoins among the other currencies which are available. Binary option trading functions on specific platforms which are organized by brokers. This is where you are supposed to sign up by completing the standard form with some basic information. Once you complete all the necessary fields in the sign up procedure, you can start trading on that binary options platform. The brokers which maintain it can help you get started, so make sure you choose a reliable broker with a good reputation.

  2. Where can I buy some bitcoins?

    In order to trade with bitcoin binary options you are going to need some bitcoins. You can either buy them or mine them. The latter is a complex mathematical process which solves algorithms in exchange for 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.

  3. Where should I keep my bitcoins?

    All bitcoins are kept in e-wallets. These are specific services which provide storage space and allow you to transfer bitcoins from it and into it. Each e-wallet has its own unique address which is used for bitcoin transfers. You can choose between downloadable e-wallet software and a cloud-based one according to your needs.

  4. What can I do with the bitcoins on the binary options trading platform?

    Actually, there are three different types of binary options platforms based upon their use of bitcoins. Some brokers include bitcoins as a payment method, allowing traders to pay their speculations with it. Other brokers offer them as an asset that they can speculate on. The latter don’t offer it as a payment method. Ultimately, some recent platforms wanted to combine all traders in one place, which is why they offer both options on the same platform.

    Therefore, the type of platform you choose will determine what you are supposed to do with bitcoins.

  5. How do bitcoin withdrawals and deposits function?

    Bitcoin deposits and withdrawals are much faster than regular bank payments. They are processed in just a couple of seconds due to the fact that they have eliminated the third party. This means that there is no bank or financial institution between the sender and the receiver. That is why bitcoin deposits and withdrawals have to rely on the e-wallet’s address.

  6. Are there any fees for bitcoin transfers?

    There are no fees for bitcoin transfers from one e-wallet to another. The reason for this is because the bitcoin system does not need any middle institution, as mentioned earlier.

  7. Would I be completely anonymous on the binary options trading broker platform?

    No. Maybe you were hoping for the opposite answer, but this is the most honest one. Plus, you might get into trouble if you want to trade binary options completely anonymous. This is because binary options brokers should be able to track your actions in order to prove their reliability.

  8. What is the main disadvantage of bitcoin binary options trading?

    Many people avoid binary options trading because it can be risky, just like regular gambling. This is why it is legal in some countries and illegal in others.

    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.

  9. Which trading options will I get from my bitcoin binary options broker?

    Binary options trading platforms usually offer all the possible features, regardless of the payment methods or the assets involved. Therefore, you should be able to use all the trading options which are offered. These options include the basic type of ‘Call or Put’. Plus, the ‘one touch’ option is quite popular because it allows the trader to determine the exact value of the asset in the exact time point.

    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.

  10. What is the most profitable strategy for bitcoin binary options traders?

    There is no exact strategy which can help you win a lot of money without any risk. One thing which might be able to help you is timing. All you have to do is analyze the movements of the assets’ value on the market. This can help you determine the right timing during the day or night when the assets’ price is higher than usual.

    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.