Start Trading on Binary Options with Bitcoin: All or Nothing
3Commas Trading Bots
If you are HODLer and got some Bitcoins, let it work for you. 3Commas is a comprehensive crypto trading platform that allows users to make use of automated trading bots as well as follow and copy the actions of successful traders and to create and track top portfolios.
The Bitcoin network and its ecosystem have created a huge amount of opportunities for different sorts and types of trading, investment and using money in the right way. Of course, not all of these opportunities work well and we wouldn’t recommend you waste time on backbreaking work in order to understand whether these investment opportunities are worthy of your attention. That’s exactly what we are doing here. Today, we are going to explore Bitcoin binary options, see how it works and understand if it is profitable or not.
Binary Options. How it works.
The fact is, binary options is a pretty simple tool for investment. It has become popular among traders in the last two to three years. It is also called an ‘all or nothing option’ because you risk all your investment. So, how does it work? To begin binary option trading you have to choose an asset, for example, a pair of USD and EUR. Then you choose the expiry date when your option is mature, it may be a short period of 60 seconds or as long as a week or more, depending on your broker. After this, you have to predict the direction of your asset. Obviously, as it is a binary option, there are two possible directions, up or down. In other words, you predict that a pair of EUR/USD will go up in the next five minutes, for example. If you are right, you will skim the cream and take about 60-70% of the value, depending on your broker, again. If you are wrong, you’ll lose everything.
It looks like gambling because you do not buy anything physical but play against your broker. Simple and fast. That’s why it is has gained popularity recently.
Bitcoin in Binary Options
So, it sounds good, right? At least it seems to be interesting for trading. The cryptocurrency makes the deal more convenient for users. It provides for fast deposit and withdrawal processing of your funds, so you do not have to wait until your money is transferred from your bank to your website account. It’s fast. Moreover, some countries have particular restrictions on binary options and make such business inconvenient for clients. In this case, Bitcoin’s anonymity provides a real chance for traders who’d like to remain anonymous to start trading using the Bitcoin network.
Binance: one of the best exchanges in the world!
If you are looking for a trusted top class crypto exchange that has hundreds of trading pairs on a highly secure site, you should try Binance! Website is nicely designed and works perfectly. The all round high quality of operation and customer experience make Binance one of leading exchange in the industry. Register and find out for yourself!
That is the broker we’d like to recommend to you, based on all that we have discussed. This broker offers a good, reliable service and anonymous options. Onyou can create a free and anonymous online wallet in order to start working right away. You do not have to register or provide personal information. You do not even have to deposit your money to start. You need to send an amount of Bitcoin directly to a particular online wallet address for up or down movement of an asset and then wait until the maturity date. If you win, the broker will send your money back with a profit to your address instantly.
In fact, there are many more assets to work with, not only Bitcoin. On the website, you can use such pairs as EUR/USD, GBP/USD, USD/JPY. You can even make a profit with gold, oil and the NASDAQ index. So, try the service and give us your opinion on it. Good luck!
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