To trade bitcoin with binary options means there is money to be made by investing in it, but buying the cryptocurrency BTC itself may be a very costly investment , and it is not something a lot of beginners can afford to do. Hence, several leading Binary options brokers decided to allow options and futures contracts based on several cryptocurrencies, especially Bitcoin, as their underlying asset.

In the rest of the article, we shall focus on a few of these legitimate brokers and their benefits compared to each other. We shall also, by the end of this article, have a fair idea of how to invest in Bitcoins using a Binary options trading account.

Quotex Binary Options is a leading brokerage service for options and derivatives trading and is a well-respected, well-regulated brokerage with a penchant for user satisfaction.

Quotex is known for being an infrastructure builder. It was one of the pioneers of Bitcoin and other cryptocurrency-backed contracts for differences and binary options in the market for the first time. Quotex as a brokerage focuses on a limited range of assets but delivers perfectly every time.

Unlike few brokerages that offer galore of different options and staggered purchase strategies, Quotex offers forex options, indices, and commodities like oil and silve r. Still, most importantly, it offers trade-in four major cryptocurrency players, namely Litecoin, Ripple, Ethereum, and most importantly, Bitcoin. The profit percentage with cryptocurrencies is much bigger than those offered by the broker for forex, but still at the same time marginally lower than those offered for commodities.

It changes depending on trade volume and other factors. Generally, it stays around percent , meaning that a successful trade placed with a value of dollars will fetch you around seventy to eighty dollars in profits, totaling a payout of around dollars.

This might be limiting for certain veteran traders, but overall helps keep losses down for most amateur traders and keeps the Quotex brokerage model simple , with no hassles of chasing down lost leveraged money. Quotex offers several bonuses on the amount deposited, as you can get upwards of a 35 percent bonus if you trade with more than a hundred dollars in the same trade. While it might be risky, it can be a great way for people who analyze markets and trade strategically to increase their profits.

This also increases the overall trading capital for the brokerage, and they will always incentivize high-volume trading in Bitcoin, Litecoin, and Ethereum. Trading in commodities is slower with lesser bonuses, and hence trading in Bitcoin is extremely good for quick profits.

You can only use this bonus code by signing up via our website. Quotex offers a simple, no-commission system of withdrawal. A minimum one-time deposit of 10 dollars must be made at the time of registration for the account to be valid and any trades to be performed using that account.

You cannot withdraw more money than you have put down, with the exception of profits. The minimum withdrawal amount is also fixed at 10 dollars generally, but specifically for Bitcoin, it is fixed at 50 dollars. Since Quotex is regulated by the International Financial Market Relations Regulation Center IFMRRC , all transactions are under surveillance, unlike the untraceable nature of cryptocurrencies.

This also means that Quotex is not a scam, and your money is accountable and accounted for. IQ Option has emerged as one of the most reliable and popularized binary options brokerages in the current scenario of the market. It is recognized as one of the leading brokerages in this sector with the biggest market capitalization. This makes one wonder if the brokerage is charging lavishly high fees to achieve this, but one would be surprised to learn that IQ Option operates on a volume-of-trade model, similar to Quotex.

It charges zero to minimal fees for withdrawals and deposits and is the gold standard when it comes to trading in cryptocurrency, especially Bitcoin.

Cryptocurrency trading is not directly available on the platform , but there is a much higher variety of options to trade in and choose from. As IQ Option provides a limited scope of leveraged trade, there has been speculation as to whether IQ Option will also increase its fees, which are remarkably low for leveraged trading, but nothing has happened as of yet.

IQ Option came up with the revolutionary leveraged trade option of Bitcoin 2x , which means that any volatility and changes in the price of Bitcoin are leveraged two times, meaning that you can earn double what you would earn in a normal binary options trade. This also means that you can lose double your initially supposed losses.

The popularity of Bitcoin 2x led to the formation of an Ethereum 2x, Ripple 2x, and even a Bitcoin 4x, which is in the works. These are relatively risky contracts to pick up but are perfect for a veteran who understands the markets and has a very strong calculated prediction of the direction of the market. It can ensure an increase in your capital very fast, enabling you to trade much more freely and adopt riskier strategies without the worry of losing money. IQ Option usually collects swap option fees, which is the cost to hold positions in your trades open for more than a day.

IQ Option nets the difference in the spread if you are in a negative spread and credits virtual money to your trading account if you are in a positive spread.

IQ Option by itself has no trading fees per trade, but the associated banks may. 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. You have also to be aware of the risks that come along with trading a Binary Option.

In the next sections, we will further explain to you how Binary Options trading works. Not every online broker or Forex broker offers Binary trades so you have to look out for a firm that offers this financial instrument. In the table below you can see three of our most favorable Binary Options Brokers.

These are brokers which fulfill many different requirements we set when testing all brokers. They are safe, give a high return to you as a trader, and are located all over the world.

With every broker, you can open a free binary demo account to get started risk-free. They are retail investor accounts that have mostly all functions of a live account — but they have only virtual money in it which you can add for free any time you want. Learn more. Load video. Always unblock YouTube. A very important question to answer is the safety of a financial instrument or a broker such as Nadex North American Derivatives Exchange.

Trading a Binary Option is safe, but you need the right broker. It should be reliable, trustworthy, and regulated. In our Binary Options Broker review we discussed the Pros and Cons of our ten favorable brokers, regulated and unregulated ones. Read the article to get into it in detail.

We did a lot of research while writing all these articles and can say that a regulated broker never cheats on you as a client. So in conclusion, is Binary Options Trading safe? Use a regulated broker if you want to get started with Binary Options trading. Never trust blindly and do your own research before you register with a broker and deposit money.

Additionally, you can rely on our information. There are a handful of safe and well-known regulators. Also be aware if trustful institutions such as the Commodity Futures Trading Commission CFTC , the National Futures Association NFA , or especially the Securities and Exchange Commission SEC express concerns.

There are many many Binary Options Platforms available and you have to search for the one that is not only safe but also offers the functions you want to have to trade effectively. The good thing is: Nowadays almost all brokers offer the same functions like mobile trading or modern and flexible charting software. Especially the opportunity to trade via a mobile app is important if you want to trade where ever you are.

Many platforms offer so many functionalities that they can confuse you. But some of the brokers offer educational material as well. Video tutorials, step-by-step guides, or even individual customer support via mail, phone, or chat to answer your detailed questions. Every platform offers even a few indicators and technical tools , different chart types like the most common candlestick chart , and many more things to analyze your charts.

Some brokers even give you free and direct access to economic news. You can use that to be up to date all the time and react to the news that impact the assets you trade with. One more word about indicators : They are very important when trading Binaries. We recommend you get familiar with the most important ones.

Read the linked article to learn more about how to use MACD, RSI, etc. To react to the markets where ever you are you need a broker that offers mobile trading.

So the only thing you need to trade is the internet. Most brokers offer mobile trading, and plenty of them developed a special app for trading on your smartphone. You can download it in the App Store iOS or the Play Store Android. If a broker offers a mobile app, it normally does it for both common systems. This allows you to trade 24 hours a day, 7 days a week, no matter where you are.

You have more tools to analyze the chart and a better overview if you have one or more monitors and not just your tiny smartphone display. In the following section, we will show you how to trade in detail. Follow these five simple steps:. The good thing about Binary Options is that you are free to choose your assets. You can choose between Forex market, Stocks , Commodities market with assets like gold or oil , Cryptocurrencies , stock index, and more.

No matter which asset you prefer, trading it via Binary Options always works the same way. The process shown below is always exactly the same. If you are new to trading Binary Option, we recommend you start with a practice trading account where you can trade and practice without risk.

Once you have chosen an underlying asset or underlying market for example forex market you are ready to go. The main question is: Is the asset price going up or down in the future?

You have to to this forecast. To get an answer to this question, you can have to identify the market trends and use indicators to analyze the underlying asset. It is very important to have a working strategy to gain maximum profit. Use technical analysis to get trading ideas and develop your own trading strategy.

You can also use the different education tools many Binary Options brokers offer. Every Binary Option contract expires after a defined time expiration date.

So within your prediction of whether the market price will raise or fall, you have to consider the expiration time. You can set it in a range between 5 seconds or many hours, the choice is all yours. Just to remind you of the two options you have:. The last step before you can place your trade is to set the investment amount.

Some brokers limit this to a specific amount which often depends on your account level. Be careful: Your investment is the amount of money you can lose. If your prediction is wrong, all of your money is gone. Some brokers want you to verify the trade, so you have to do another click. Some brokers offer to close trades before the expiration time is up — this allows you to reduce the impact of a wrong decision by closing the trade when it hits a certain price.

The yield depends on which broker and underlying asset you select. The payout fixed monetary amount formula is easy.

You are completely free to trade any underlying asset you can imagine — and your broker offers. No matter if you choose stocks, commodities, forex, or crypto, the process is always the same. Most of the brokers we tested give you the chance to trade more than different assets. The expiration time differs from broker to broker. But most of them offer expiration times from 5 seconds on. The upper limit mostly is one hour or three hours.

Not every broker offers the same maximum yield return on investment for a specific asset. The better choice if you only want to trade Bitcoin is broker B.

Almost all brokers offer different account types that are linked to the amount of money you deposit. To attract traders and animate them to deposit more and more, you will get a higher payout with a better account level. No doubt — Binary Options are a risky financial instrument. Nevertheless, there are many advantages that overweigh the risks. Many new traders fear the loss of all of the money they invest in one trade.

Sure, you can lose all the money you placed in your trade — but not more. Many other financial products work another way, where you can lose more than you have invested. There are a lot more advantages, for example, that you get a high asset payoff no matter how strong the binary options trading market reacts and moves.

The price of your chosen asset just has to go up or below your strike price and you win. Only invest money which you can afford to lose! If you want to start Binary Option trading now, there are a few things you need to know and answers that may come up.

We try to answer all of them and give you all the information you need to get started. This section is less about how to trade Binary Options but more about the things besides the Binary Option themselves. Many of you ask us if it is necessary to first trade via a demo account or not. With a demo account, you can learn how the market moves and how the broker you have chosen works.

Almost all of the reliable brokers offer a demo account with virtual money that you can top up with just one clock. Learn about your Binary Option trading platform before you invest your real money.

You can also try out new strategies or form your own, individual trading strategy throughout a demo account. First: demo account. Second: Strategy. Third: Real account. On most trading platforms, you can trade without verifying your broker account. But in our opinion, you should do the verification before getting started, so you have unlimited access to all functions and deposit and withdrawal methods. For the verification process, you need your real personal data full name, birthday, address, mail, phone number and some personal documents.

You have to upload for example a copy of your passport and a utility bill or similar. You have to do this to prove that you are a real person. The verification process only takes 24 hours in most cases. The answer to this question depends on how you are willing to invest. Always stick to your risk and money management. Many brokers offer low deposit minimums. The upper limit is almost endless. Just start slow and if your strategy turns out to be tremendous, deposit more. Maybe you already asked yourself which payment methods are available when trading Binary Options.

In the past, many brokers did only offer some special payment and withdrawal methods. N owadays the market is user-friendly and brokerage firms offer many different payment methods. Deposit and withdrawal are easy. Most brokers do not offer any fees for depositing or withdrawing your funds.

This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders. Binary Options Trading is a relatively new way to trade the markets. You need to know about the movement of the price and how that might affect future prices.

This is something that comes with heavy risk and should only be traded with money you can afford to lose. We will try and help you learn about binaries, but nowhere will we guarantee you will make money. You should not consider this site as trading advice. Please be very diligent when it comes to this. This is how they work: you pick an underlying asset, a stock, a currency, a commodity, basically anything that the binary option broker offers, then you decide whether the price will move in one direction or the other.

A call option should be used when you think the price will increase, a put option is for when you think there will be a drop in price. Once you decide where you think the underlying asset will move you select how much you want to risk. The items you trade are actually underlying assets, and not the assets themselves.

Binary Options Trading does not give you ownership of the assets you invest in. Assets have predictable price fluctuations, you can use this to your advantage. You can find trades with an expiration time just a few minutes in the future or up to a month long. This appeals to both day traders and position traders alike. You know exactly how much you will get in return when your trades are successful. Some brokers offer refunds on losing trades, some up to 15 percent.

This cushion can help over the long run. Refunds like this are most beneficial to traders just getting their feet wet, but they remain a good choice for almost everyone in the market.

Make sure that you are getting a good return on your winning trades as well, however. Sometimes a low winning percentage will offset the refund amount. New traders need to look out for their best interests. Having a high payout return on winning trades is the best place to start looking. Obviously, you want to make as much money as possible, so it only makes sense to start out by trading with the sites that offer the highest returns.

But different brokers have different rates for different time frames and different underlying assets. We are here to make your search a little easier. Our reviews will help you to wade through the waters of selecting a trading site.

For new traders, you should focus on one type of trade until you have mastered a demo trading account. Expert Option demo is very popular among traders and if you are from USA, you should definitely check the Nadex demo. Trading too erratically will only hurt you.

No matter the circumstance a demo account will show you some things and keep you out of a lot of risky situations. Just be ready when it comes to switching. Every hour, hundreds of thousands of trades are made in various financial markets, such as Forex, commodities, CFDs, indices, and cryptocurrencies. The brains executing these trades may be of very experienced and seasoned traders or those of new entrants in the market.

Trading binary options can be overwhelming, especially for amateur and beginner traders, as one is expected to deal with a lot of data and information when making trades on a regular basis. The good news is that, like most other fields of business, modern technologies and sophisticated algorithms have resulted in some amazing tools to make life easier for traders. Imagine if, instead of having to analyze huge chunks of data in real-time, you were to present simpler options in the form of a Yes or a No.

If you feel excited by the above lines, then binary options trading may be the most appropriate option for you. As the term also suggests, binary options trading relates to making simple decisions in the form of either Yes or No. Even though trading binary options is not regarded as an exact science, as the brains behind these signals can vary from highly evolved algorithms and sophisticated computer systems to a team of highly experienced traders, binary trading is known to provide reliable information about which trades to execute and which opportunities to let go.

As a result, many traders see trading binary options directly having a positive impact on their long term profitability. Binary option trading became popular a few years ago. While some of these providers offer to trade binary options signals for free, others charge a certain monthly fee.

In either case, it is important to fully equip yourself with the fundamentals of trading binary before subscribing to these signals and executing real trades. This article intends to provide a detailed account of various aspects of binary trading, including legitimacy and useful strategies of options trading. In the era we live in, there are virtually limitless possibilities to earn money either as your main income stream or earn passive income.

Binary options are one of those possibilities which offer some fixed return either in the form of cash or assets, depending upon the outcome of the option. Income through binary options is linked to the output of options. Investors earn money if the option expires in the money when it expires. If the trader makes the decision of yes, it means that he is rooting for the price to go higher than the current point.

Traders lose all their money if their bet is proven wrong. Binary options have a number of pros when compared to other financial instruments.

It is quite easy to enter the market through binary options. Traders experience better control over their profits and losses. There is also sufficient training material available online to learn how to choose the right options. Options trading is simple, and there is a low chance of loss if the trader is professional. The amount of profit or loss is pre-determined, and even if the traders experience loss, the amount of money lost is known to them, which makes the financial as well as mental loss bearable.

This makes risk management easy. There is no limitation on market and location when you are trading in binary options. Binary options are available almost everywhere globally, and most brokers offer their services across the devices, making it easier to trade even on vacations. However, there are also some cons of binary options. This financial instrument is relatively new, and laws and regulations are still being developed for them. In some countries, binary options are not regulated , and the risk of exploitation and fraud exists with brokers.

For example, one of the rare binary option platforms that accepts US traders is reviewed in our Nadex review. No doubt, binary options are an exotic financial option, but we suggest you build a considerable experience before you start risking your money.

If you want to start trading in binary options, you need to register yourself on an online trading platform. In the previous section, we guide you on what to look for when choosing a binary options broker. Once you are done with that, you will need to register on the selected platform. The registration process is different for every binary option broker.

But if you are not well familiar with the computer and the internet, registering yourself on the platform will be difficult. We will guide you through the process of getting registered as a binary options broker. You may think that sharing your personal and financial details online is not a good idea. With all the frauds and scams online, you are absolutely right to be skeptical, and this very thing will help your options trading online.

Before starting the registration process, please check the status of the regulations and licenses of the platform. Also, check the website security, which you can easily do by searching online. The registration process itself will reveal whether the platform is safe or not to share data. oun The binary options brokers are bound by law to gather certain personal and financial information, so you get a pretty good idea about whether or not the broker is regulated just by the look of it.

The first step in creating an online trading account is to decide the type of account traders want, the real account, or the demo account. The next step is to provide your personal information such as name, address, and contact information. We advise you to share real information as brokers are bound by law to verify your account and your account can be blocked if you provide faulty or misleading information.

Personal information can be verified independently by the broker, or they can also ask you to upload your ID or one of the utility bills. Traders often refrain from uploading a scan of bills or ID and do not get registered. This is not the right decision because the broker is legally bound to verify your ID from these documents.

The last but most important part is choosing the payment method for your account. If you are interested in crypto currencies make sure to check our bitcoin reviews for more info. In order to start binary options trading, the first step is to choose a trading platform service provider, and create a login at the official website. Creating a login ID is usually easy, and you are not expected to go through a long registration process.

However, be sure to only go with a service provider who is well-reputed and has a track record of providing reliable trading platform services. While there are a few other binary options trading service providers, binary.

com is among the most prominent because of its track record of over 21 years. We are using binary. com as an example to discuss how binary login works.

At this brokerage firm, creating a login is only a matter of 2 minutes. When you visit the homepage of binary. com or any other reliable service provider , you will find a sign up tab. Visit it and simply enter your email ID and other basic information if promoted , such as your name and date of birth. A confirmation email will be sent to your provided email ID. Once you confirm your email ID by clicking on the provided confirmation link, you are good to go.

We have already mentioned that the purpose of drawing the trendline is to trace the price changes. A low minimum deposit should be an important criterion, especially for traders who have just started and who do not have large starting capital. com is not licensed nor authorised to provide advice on investing and related matters. And of course trade via the practice trading account to learn the mechanisms of the markets and assets. Binary options are not promoted or sold to retail EEA traders. Alternatively, in stock trading or commodity trading, you need a good amount of initial investment capital. The next step is to provide your personal information such as name, address, and contact information.

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