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Bitcoin binary options

Bitcoin binary optionBitcoin binary options was introduced to the market with the hype surrounding the currency in the global markets during 2013. The coin is an electronic digital currency that was introduced in 2009 by Satoshi Nakamoto. The open source peer-to-peer decentralized money system was aimed to provide an alternative to the orthodox money system controlled and regulated by central banks and governments. The transactions made with the coin are all digitally signed and use cryptography to secure the trading and payment and to avoid “double spending”, the use of the same coin twice in different transactions. The currency gained momentum with the assistance of illegal “under the radar” deals of black markets, and crime organizations. In 2013 the FBI closed Silk Road, a service which specialized in selling illegal drugs. Another boost to the Bitcoin’s exchange rate was the massive buy of the currency by citizens of European countries that lost confidence in their local currency and monetary policy. People from Cyprus, Greece, Spain, Portugal, and other countries pushed the coin further.

Bitcoin trading momentum

The hype in the currency exchange got analysts from several banks to recommend the currency and 7000% growth prediction in 4 years but other banks warn from a possible bubble explosion. The Chinese monetary entity, The People Bank of China, banned Chinese banks from dealing with the coin in 2013 after the banks entered to position with the currency and made speculated deals involving the bitcoin.

The system is designed to issue a limited number of coins (21 million) and the issuance of coins is done by dedicated computers who solve mathematical equations until they find a solution and get paid with 1 new coin that enters the system. The process of solving these equations is regularly referred to as bitcoin mining.

Several newer alternatives include the LiteCoin, Namecoin, PPCoin, Devcoin, IXCoin, and Terracoin.

Some of the relevant brokers for Bitcoin binary options include: TradeHits , 99Binary , EZTrader , NRGbinary , Global Trader 365 , GOptions , and BeeOptions .

Brokers with Bitcoin trading:

Broker Bitcoin Trades Payout Open Account


TradeHits review
up to 88%
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99binary review
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EZTrader review
up to 95%
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GOptions review
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BeeOptions review
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Ubinary review
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GlobalTrader365 review
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VaultOptions review
up to 75%
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