Binary Options 2019 Trading Platforms – Bitcoin Trading

Binary Options 2019 Trading Platforms – Bitcoin Trading! Bitcoin is an electronic money which is created and held electronically and no one controls it. Bitcoin is an on-line payment system invented by Satoshi Nakamoto, who published his invention in 2008, and released it as open source software in the year 2009. The system is peer- to-peer, users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses its own unit of account, also called bitcoin. The system works without a main repository or single administrator, that has led the US Treasury to classify it as a decentralized virtual currency.

Binary options have been becoming increasingly more popular in the last 2 years. This kind of trading has been desired of new traders as they do not need to actually buy anything, just predict if the asset will move down or up in specified time frame. Those trades are happening in a nutshell time frames, but could be months too. In case the trader predicted wrongly, they’ll obviously lose their money. If the trader was right in his\/her prediction, they will receive 80-90% payout, depending on the broker. Binary options are sometimes referred to as all-or nothing options digital options or fixed return options that are traded on the American Stock Exchange.

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Bitcoin is now widely used currency and several trading platforms accept it as a method of payment for their customers trading deposits. There are various benefits using Bitcoin as a currency. The first benefit is That the cost of transaction is the lowest among all forms of on-line payment. This is the very reason why Bitcoin was created in the first place, to lower the cost of on-line transaction. Because there’s no central authority controlling your stresses Bitcoin, no service fee is paid when receiving or transmitting payment. One more reason behind traders to use Bitcoin as a currency is that Bitcoin itself is tradeable plus they can earn extra Bitcoins that way.

By having all the trading transactions indicated in Bitcoin, a trader is able to protect himself from the fluctuation of this crypto currency while at the same time earn more of it through profits gained in trading. With a latest popularity of Bitcoin and its acceptance as a currency, many binary options platforms started using Bitcoin as one of the currency to trade. Stockbrokers are seeing the value in trading BTC against flat currency, mainly versus American Dollar.

First generation brokers – binary options platforms that allow trading on Bitcoin. Second generation brokers – platforms that offer both Bitcoin financing and Bitcoin trading.

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Binary Options 2019 Trading Platforms – Bitcoin Trading

One Response to “Binary Options 2019 Trading Platforms – Bitcoin Trading”

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