Once you submit the order, you will be in the trade, and it will be listed under your open positions. Binomo is a binary options site which has been in existence since In addition to Bitcoin and other normal cryptocurrencies, Binomo features a unique asset called the Crypto IDX, which you can trade. It derives its value from the quotes of Bitcoin and some altcoins, but the exact formula is not disclosed.

As with IQ Option, Binomo has broadened its reach into CFD trading alongside binary options. Trading on this site works much the same way. You select the asset you want to trade Bitcoin, Crypto IDX, or any other asset , choose your investment amount, an option expiry time, and then buy or sell depending on what you think about where the asset is going to end the expiration time. Another website which allows you to trade Bitcoin along with many other cryptocurrencies is FINMAX , founded in The site is aimed mostly at traders in Russia.

If you open an account at FINMAX, you will be able to proceed to the trading platform. Finrally has been in operation since , and like the other sites on this list, now offers both binary options and CFD trading. These crypto assets are available to trade on the site:. So look for ways to sharpen your skills and learn from your past mistakes.

Seek the knowledge of experienced investors by joining forums or look for a provider that offers social trading capabilities. Free paper trading accounts are another opportunity to improve your skills in a risk-free environment before investing money. BTC binary options are some of the most straightforward crypto trading assets. For beginners, they offer a straightforward proposition with risk and reward known upfront. The volatility of the largest digital currency by market cap also means there is ample opportunity to generate returns.

Just make sure you sign up with a reliable broker before you start trading. 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 expiries. 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 you should have at least a marginal understanding of what they are. Basically, 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 opposite is true. Several brokers now offer trading on Bitcoin and also some of the lesser-known crypto currencies such as Ethereum or LiteCoin. 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. This is where security and transparency are crucial — these wallets hold your virtual currency, so you are absolutely reliant on them. 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 fluctuation of this crypto currency while at the same time earn more of it through profits earned in trading. Withdrawal fees might be very steep due to intermediate banking bodies in countries outside of the EU or those dealing in foreign currencies other than the US Dollar, Euro, or Rouble. This may be avoidable, as IQ Option does allow withdrawals in Bitcoin and Ethereum, provided you previously deposited money in the same format.

Standard conversion rates do not apply, as IQ Options has its own rates, decided by the current trading volume. The biggest drawback is that a commission of around 3 percent is charged on certain leveraged cryptocurrency options. This might seem like less, but for high-frequency traders, it cuts out a huge chunk of their profits.

This must be kept in mind before shifting your broker for the additional benefits provided by IQ Option. You can deposit money pretty easily using electronic wallets. Credit cards and wire transfers have a huge fees associated with them. You can also preferably use cryptocurrencies for a deposit, as they are the fastest and most hassle-free method of depositing money from anywhere in the world.

The minimum deposit is 10 dollars, and the maximum withdrawal is the largest amount you have ever deposited, plus any profits. The maximum leverage offered is up to times the amount you have put up for special accounts with high capital trading benefits. You can also access a demo account for educational purposes.

Pocket Option is one of the first trading platforms with its own proprietary application for tracking trades. Over the years, i t has been established as a big player in the financial sector and is currently one of the third biggest binary options brokerages currently in the market. Pocket Option has the widest variety of options available. On the platform, you can choose between forex, commodities, stocks, indices, and most importantly, over 35 different cryptocurrencies , including the ever-growing Bitcoin and its successor, Ethereum.

It offers a lower payout percentage as compared to other brokers when it comes to cryptocurrency, as it is a highly leveraged capitalized player, and it needs to cut its losses short, owing to the extreme volatility and steep price fluctuations commonly associated with commonly owned cryptocurrency. It offers a fair rate of payout when it comes to Bitcoin , but only because it is a more reputed trading contract since Bitcoin is heavily traded.

Pocket Option has a Meta Trader 4 MT4 based mobile application available for both Android and iOS. This greatly streamlines brokerage application traffic and provides a smooth, seamless trading experience. Gone are the days when high trading volumes would result in misplaced orders and errors in sales going through, resulting in uncalled-for losses and other operational issues. It also has a web-based trading dashboard for easy reference and ease of placing trades.

Pocket Option has a free account but requires a minimum deposit of 10 dollars for the account to be active and validated. There are no commission fees, and by that, we mean none literally. There is no fee on withdrawal, and on top of that, Pocket Option facilitates payments using hundreds of local banks all around the world. There is a major surcharge due to bank fees if you are in Asia, but apart from that, Pocket Option is invariably a cheap option for your brokerage needs.

There are several bonuses offered by Pocket Option , which incentivize higher deposits and bigger trades. Still, these may be suitable only for traders with the know-how and experience to avoid active losses. Pocket Option offers a times leverage for cryptocurrencies, meaning you can trade with up to a thousand times your money, which may be very risky for new traders and investors.

The key trick while choosing a broker for your needs is to look at its regulatory associations and if it is a member of any international monetary regulatory fund. This way, you prevent falling for scammers in binary options trading. The International Financial Market Relations Regulation Center IFMRRC is the major regulator of binary options brokers that offer international services and regulates Quotex and Pocket Option.

These are part of a compensatory fund, which guarantees compensation to users in the event of failure. Overall, investing in Bitcoin using Binary Options can be a great move for beginners who want to learn more about the market.

We have provided the 3 best binary brokers available to trade bitcoin as binary options. Remember to consider all the necessary details while choosing a reliable brokerage firm. Trade safely and wisely. Show all posts. Write a comment abort. Save my name, email, and website in this browser for the next time I comment.

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Binary options trading has simplified and streamlined investing, making it fast and easy to trade stocks, currencies, commodities, and indices. But did you know that you can also trade bitcoin binary options? In this guide, we will introduce several binary options brokers that offer cryptocurrency trading and talk about how to trade bitcoin and altcoins on their sites. Bitcoin was invented in It is a cryptocurrency, meaning that it is a digital currency with no physical form.

There are a number of reasons why the world is fascinated by BTC and altcoins, and why you might consider investing in them:. More and more binary options websites are offering Bitcoin trading. Here are a few to consider. IQ Option originally launched in Cyprus in , and was previously a pretty standard binary options platform.

While the company still offers binary trading, it has branched out mainly into offering CFDs. Here are the basic steps to trading Bitcoin or other cryptocurrencies on IQ Option. Once you submit the order, you will be in the trade, and it will be listed under your open positions. Binomo is a binary options site which has been in existence since In addition to Bitcoin and other normal cryptocurrencies, Binomo features a unique asset called the Crypto IDX, which you can trade.

It derives its value from the quotes of Bitcoin and some altcoins, but the exact formula is not disclosed. As with IQ Option, Binomo has broadened its reach into CFD trading alongside binary options. Trading on this site works much the same way. You select the asset you want to trade Bitcoin, Crypto IDX, or any other asset , choose your investment amount, an option expiry time, and then buy or sell depending on what you think about where the asset is going to end the expiration time.

Another website which allows you to trade Bitcoin along with many other cryptocurrencies is FINMAX , founded in The site is aimed mostly at traders in Russia. If you open an account at FINMAX, you will be able to proceed to the trading platform. Finrally has been in operation since , and like the other sites on this list, now offers both binary options and CFD trading.

These crypto assets are available to trade on the site:. The trading platform Finrally offers is similar in terms of features and use as the others we have discussed. To enter a trade, you need only select the asset you want, put in the amount you wish to invest, pick the expiry time, and choose the direction that you believe price is moving. Even though there are many possibilities for profit with assets as volatile as bitcoin and altcoins, it is important to remember that same volatility can also lead to sudden and severe losses.

For that reason, we highly recommend that you begin by backtesting and demo testing before you invest real money on bitcoin binary options and CFD trading. You should only go live once you are profitable in demo based on a reasonable amount of data. You now know more about trading bitcoin: what some of the possible advantages are, how to do it, and some of the websites which are offering BTC binary options and CFDs. If you are ready to take the next steps, research the sites above in more detail and decide where to open an account.

It only takes minutes to sign up and start trading. Good luck! How to Trade Bitcoin Binary Options Contents What is bitcoin? Why trade Bitcoin and other cryptocurrencies?

Binary options brokers that offer Bitcoin trading IQ Option Binomo FINMAX Finrally Recommendation: Start by Testing Conclusion. Read more articles on Brokers. Binary Trading.

Risk warning: Trading involves risks. Trading on this site works much the same way. Then once you are familiar with how binary options and pay-outs work, you can try more advanced contract options. What is the key to bitcoin options trading? See our list of recommended BTC binary options brokers for low-cost and reliable options. Furthermore, technical analysis works away better in the new markets than in normal currency markets.

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