Trade Binary Options with Bitcoin and other Cryptocurrencies
Binary Options is a popular financial product to invest in the financial markets. As Bitcoin becomes a worldwide phenomenon many traders ask and search for the connection between Binary Options and cryptocurrencies. The new currencies are highly volatile so it can be easy to make your profit with Binary Options. In the following section, I will show you exactly how to trade Bitcoin and other cryptocurrencies on secure platforms and how to deposit and withdrawal with Bitcoin.
Why to use cryptocurrencies?
The advantages of cryptocurrencies are known worldwide. It is a new way to do transactions with out a bank. The fees are lower and the transactions are faste. In addition, the most cryptocurrencies are very safe and anonym. These are huge advantages versus the normal fiat money system. So there is a rising demand on using digital currencies.
These cryptocurrencies are available to trade with Binary Options:
- Ethereum Classic
- Bitcoin Cash
- Bitcoin Gold
Binary Options Broker that accept Bitcoin deposit
It is not only possible to trade cryptocurrencies but also to deposit cryptocurrencies with the Binary Options Broker. For your advantage, there are no hidden fees or costs like with the other payment methods. The minimum deposits are low as 10$ and the broker changes your cryptocurrency automatically into normal money.
In addition, it is possible to buy cryptocurrencies with normal payment methods like a credit card. In the following text, I will show you Binary Options Brokers which I tested personally and where you can deposit with crypto.
One advantage of cryptocurrencies is that you can use them anonym. The transactions are very fast and there are fewer fees for the broker and the trader. So it is an advantage for both sides. Also, Bitcoin, Dash, and others are very secure and transparent. You can easily follow your transactions.
Most popular cryptos for the deposit:
Choose a reliable Bitcoin Broker
In the following table you will see different Binary Options Broker for trading Bitcoin. They accept the deposit of cryptocurrencies and give you a high yield for trading them. With more than 5 years of experience in financial trading, I tested the platforms and created a full review of them. They are reliable brokers which are well known internationally.
At the moment Expert Option is one of the best companies for trading crypto. You can deposit and trade a huge range of crypto assets. The return of investment is very high like 90% and they offer a professional platform. In addition, you can buy cryptocurrencies with a normal payment method like a credit card. But there is one disadvantage, Expert Option does not accept EU clients, so EU traders should choose the other broker.
|1. Expert Option|| (4.8 / 5) |
|VFSC, FMRRC||90%+|| Best Platform |
|2. Olymp Trade|| (4.8 / 5) |
|IFC||92%+|| Huge range of assets |
High Yield 92%
|3. Finmax|| (4.6 / 5) |
|FMRRC||70 – 90%|| Webinars |
The advantages of the brokers above:
- Regulated and licensed companies
- Fully tested and honest reviews
- Easy to deposit and withdrawals with cryptocurrencies
- Trade Bitcoin and more
- High yield and return of investment
- Good support in different languages
Also, withdrawals are available in cryptocurrencies
If you want to withdrawal your profit in cryptocurriencies, this is not a problem. The Binary Options Broker offers you the same withdrawal methods like the deposit. Through my tests the companies withdraw the exact amount without any hidden fees. The payments are processed quickly. In the picture below you can see my Bitcoin withdrawal.
Trading Bitcoin Binary Options explained
Now I will show you how to trade Binary Options on cryptocurrencies. It is like the same principle as always. Binary Options Trading is like betting on rising or falling prices. Choose an asset and do a forecast of the future price movement. The platform will help you with it because you can use free analytical tools like indicators or drawing tools.
After you did your forecast you should be able to trade in one direction. Set up the investment amount for your trade. The minimum investment is 1$. After that, you choose the expiry time of the Binary Option. You can do short-term or long-term trades as you want. Start trading now. The price has to be under or above your entry point to get the high return.
Step by step tutorial:
- The start time is when your contract is processed to the broker
- The end time is when the trade is finished
- Make a forecast for the future price movement
- Analysis tools for professional trading are available on the platform
- Choose your investment amount
- Choose the time horizon and expiry time of the contract
- Start trading on rising or falling cryptocurrencies
Bitcoin is an underlying asset for Binary Options
Cryptocurrencies like Bitcoin are traded on different decentral exchanges over the world. People exchange their Bitcoins aiganst other currencies. For Binary Options the Bitcoin is only an underlying asset. That means you do not buy any cryptocurrencies just the contract for Binary Options from the broker.
Why is trading Bitcoin with Binary Options is better than any other assets?
As I mentioned before trading Binary Options with the cryptocurrency market works like trading with any other asset. But why you should start trading Bitcoin for example?
Bitcoin and other cryptocurrencies are a highly volatile asset. That means the price is changing very fast and jumps through a lot of different numbers. It is not rare that the bitcoin changes his value against the USD of 20% per day. Also, other coins are very volatile. As you know for Binary Options the price has to be higher or lower of your entry point. If the market moves so fast the chance that price moves more points in your direction is higher.
Furthermore, technical analysis works away better in the new markets than in normal currency markets. As you see in the chart, there are big trends which are last longer than in other markets. All in all, there are different advantages why you should trade Bitcoin with Binary Options.
The advantages of Bitcoin Trading:
- High volatile asset which is good for long-term and short-term trading
- Technical analysis is working very good
- Long lasting trends
Conclusion of trading cryptocurrencies with Binary Options
The new currencies become more and more popular. Through the latest financial disasters in the markets in 2008 investors are searching for new ways to invest money. 2017 and 2018 was the best year for Bitcoin and other coins. The price went up by 10% each day.
For Binary Options traders it can be interesting to trade these assets. Also, deposits and withdrawals are possible in cryptocurrencies. You only need a secure wallet and the broker will do the rest. Start with a minimum deposit of 10$ and leverage it up. All in all, Binary Options are very popular for investing into different markets. You can earn a high profit in rising or falling markets.
For trading cryptocurrencies with the derivate Binary Options, it is important to use a secure and regulated broker.