A beginner’s guide to cryptocurrency exchange

A Cryptocurrency Exchange or Digital Currency Exchange is a business that involves the exchange of cryptocurrency with other assets such as money or any other digital currency. It is a web service that provides and charges for electronic transactions in electronic form.
Cryptocurrency Prices
Any transaction or transactions on the Digital Currency Exchange can be made through debit and credit cards, postal money orders or any other money transfer. This article discusses various cryptocurrency exchanges that facilitate cryptocurrency trading for beginners and what they offer in terms of availability, ease of use, security, deposit/withdrawal methods and fees. We hope this guide to cryptocurrency trading can help you get started with cryptocurrency exchanges.
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Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is present in 32 countries and currently serves more than 10 million customers. Launched in 2012, it has an easy-to-use interface that makes Digital Currency Exchange an easy task for a non-technical person. It is also available for both iOS and Android. Unfortunately, Coinbase does not provide cryptocurrency mining for beginners and is only an exchange.
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It currently offers four coins, Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Exchanges digital currency for US Dollars, Euros and British Pounds. With minimal transfer fees, Coinbase has never experienced any security breaches, making it the perfect platform for digital currency exchanges. In addition, Coinbase also offers a full-fledged advanced exchange called GDAX. It offers more advanced features and different and better trading fees than Coinbase.
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Bitstamp is another platform that provides digital currency exchange. It is relatively easy to use and offers more advanced features through TradeView. Bitstamp offers coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. Exchanges digital currency for US dollars and Euros. You can practice all the latest cryptocurrency trading methods on this exchange.
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Offers Flat deposits via bank transfers and supports debit/credit cards. The only downsides you’ll find with Bitstamp are the somewhat high fees and the fact that they suffered a security breach within 7 years. Nevertheless, it is one of the most reliable exchanges. Available on both iOS and Android.
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Gemini is a UK-based company founded in 2015 by the Winklevoss twins. Available in several countries including the US, Canada, Hong Kong, Singapore and South Korea. One of the downsides of this platform is that it is not particularly user-friendly. So beginners are not advised to use this platform.
Offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and USD. Gemini follows strict protocols when it comes to security and has not experienced a single security breach since 2018, making it one of the most trusted and reliable digital currency platforms. However, it is important to have digital currency investment strategies before you start trading.
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Digital ticks

Digital ticks is a modern cryptocurrency exchange that aims to be a game changer in this sector. They have implemented many latest techniques that make it easy for anyone to start trading.
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It has a unique feature called Single Portfolio View that allows traders to see all holding positions in one portfolio. Using this unique feature, it would be easy for traders to make informed decisions about cryptocurrency exchanges. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.
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Kraken is one of the oldest cryptocurrency exchange platforms. Launched in 2011, kraken is the largest exchange in terms of volume and liquidity for EUR trading pairs. It serves all over the world, including the United States.
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Kraken offers a variety of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and more. It also supports deposit/withdrawal via bank transfers and cryptocurrencies. It also suffers from stability and performance issues, having a not-so-friendly user interface, but nevertheless, it is a good platform for cryptocurrency exchange.
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Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and supports margin trading, margin financing, and more. offers advanced features such as It is available for both iOS and Android platforms. Offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.
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Like previous cryptocurrency exchanges, it supports withdrawals using US dollars and Euros via bank transfers. Bitfinex has suffered two security breaches, the first in May 2015, which resulted in a loss of $330,000. The second resulted in a loss of $72 million in August 2016.


EtherDelta is a decentralized exchange that directly supports peer-to-peer communication. This is very different from the previously discussed cryptocurrency exchange platform. Here, funds are stored in a smart contract on the Ethereum network, where you are solely responsible for depositing and withdrawing. Currently, EtherDelta only supports Ehtereum based tokens.

EtherDelta has a rather confusing interface that makes it difficult for users to perform cryptocurrency exchange transactions. Someone once tried to buy 750 Kybers for 0.007 ETH each, but ended up getting 0.007 KNC for 750 ETH.

The result

After looking at various cryptocurrency exchange platforms, we can confidently say that Coinbase and Bitstamp stand out for their good features like security, user-friendly interface, multiple withdrawal/transfer methods and more.

I wouldn’t call them perfect, but I would recommend that this is the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has both advantages and disadvantages. We just have to choose the one that suits our needs. We hope this guide to basic cryptocurrency exchanges and trading will give you a head start on your Cryptocurrency trading journey.

Tips to avoid common mistakes made by new bitcoin traders

Investors from all over the world are trying to make money in the volatile Forex market by trading the cryptocurrency Bitcoin. It is quite easy to start trading online, but it is important to know that there are risks that you may not consider.

As with any speculative or exchange market, Bitcoin trading is a tricky business that can cost you a lot of money, especially if you don’t get it right. Therefore, it is important to know about the risks before starting.

If you are a beginner interested in trading Bitcoin, then you should first understand the basics of trading and investing.

Avoid common mistakes that new traders make

Invest wisely

Any financial investment can bring loss instead of profit. Likewise, with the highly volatile Bitcoin market, you can expect both profits and losses. It’s all about making the right decisions at the right time.

Most beginners tend to lose money by making wrong decisions, usually driven by greed and poor analytical skills. Experts say that if you are not prepared to lose money, you should not trade. Basically, such an approach helps you deal with worst-case scenarios.

Diversify the portfolio

First, successful traders diversify their portfolios. Exposure to risk increases when most of your funds are allocated to one asset. It becomes difficult for you to cover losses from other assets. You cannot lose more money than you invest, so avoid putting more funds in limited assets. This will help to sustain the negative trade sufficiently.

Second, putting down more cash than you can afford will also cloud your sound decision-making abilities. In most cases, when the market declines a bit, you will be forced to choose a “desperate sell”. Instead of continuing the market’s decline, an investor who overinvests in a trade is bound to panic. The individual will feel the urge to sell the holding at a lower price to reduce losses.

You will lose more money when the market recovers. This is because you will have to buy the same holding but at a higher price.

Set goals – Emotions blind you

Goal setting for each transaction is very important when trading Bitcoin. It helps you keep your head up even in extremely unstable conditions. That’s why you need to determine the price first to stop your losses.

The same rule applies to profit, especially if you control your greed. The advantage of setting goals is that you can easily avoid making decisions based on emotions.

Instead, you should try to improve your skills in reading charts and doing market analysis. New traders are also advised to close their losing positions within 24 hours to avoid paying interest again.

4 Common Mistakes to Avoid When Trading Cryptocurrency

Today, you can invest in cryptocurrency quickly and easily. You have the freedom to invest with the help of online brokers, but you cannot tell for sure whether it is a foolproof venture or not. If you are considering entering this field, there are many risks and pitfalls to face. However, you don’t need a master’s degree in computer science or finance to get started. What this means is that you need to make an informed decision. In this article, we will talk about some common mistakes that most cryptocurrency investors make. Read on to learn more.

1: You’re Buying the Wrong Coins

If you decide to buy Bitcoin, you should be careful. There are different types of Bitcoin such as Bitcoin private, Bitcoin SV, Bitcoin Gold and Bitcoin cash. In other words, there are a lot of goals to focus on.

While these aren’t bad or scams, make sure you know what you’re getting. Even if you buy the wrong coin, you can still sell it back and look for the right one.

2: You are not in for a Wild Ride

If you want to enter the world of cryptocurrency, you need to have nerves of steel to deal with volatility. Unlike the traditional financial world, cryptocurrency has extreme volatility, according to Theresa Morrison, a certified financial planner in Arizona.

According to him, as a new investor, you should invest as little as $100 a month in the beginning and then forget about it. If you focus on the market on a daily basis, it will drive you crazy.

Also, since you are a beginner, you may want to stick to 2-3 cryptocurrencies that you are familiar with. Ideally, you can consider established coins like Bitcoin and Ethereum first.

3: You don’t double check the address

Many crypto traders lose their money because they don’t double check the address. Unlike a regular bank transfer, you simply cannot reverse the transaction. So, you have to be really careful when doing this type of transaction using cryptocurrency. If you are not careful enough, you can lose thousands of dollars in seconds.

4: You have lost access to your wallet

Although there is a limited supply of 21 million bitcoins, the exact number of bitcoins is not created. The reason is that many coin holders lose access to their wallets due to forgotten passwords.

According to a report by Chainanalysis, 1 in 5 bitcoins ever mined are inaccessible due to lost passwords. So before you start reading, make sure you save your password in a safe place.

In short, if you want to succeed in the world of cryptocurrency trading, we suggest you avoid these four most common mistakes. We hope these tips will help you stay on the safe side and succeed as a trader or investor.

Thinking of investing? Think the Bitcoin way

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. This has been one of the most common headlines in the last year – as a get-rich-quick scheme, the end of finance, the birth of a truly international currency, the end of the world, or an advanced technology. the world. So what is Bitcoin?

In short, you can say that Bitcoin was the first decentralized monetary system used for online transactions, but it will probably be useful to dig a little deeper.

In general, we all know what “money” is and what it is used for. The most significant issue witnessed in the use of money prior to Bitcoin is that it was managed by a centralized and unified entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator known by the pseudonym “Satoshi Nakamoto” to bring decentralization to money on a global scale. The idea is that currency can be bought across international lines without hassle or commission, checks and balances will be distributed around the world (not just on the books of private corporations or governments), and money will become more and more democratic. equally accessible to all.

How Bitcoin Started?

The concept of Bitcoin and cryptocurrencies in general was created in 2009 by an unknown researcher, Satoshi. The reason for his invention was to solve the problem of centralization in the use of money based on banks and computers, an issue that many computer scientists were not happy with. Achieving decentralization has been unsuccessful since the late 90s, so when Satoshi published a paper in 2008 proposing a solution, it was widely welcomed. Today, Bitcoin has become a familiar currency for internet users and has spawned thousands of “altcoins” (non-Bitcoin cryptocurrencies).

How is Bitcoin made?

Bitcoin is made through a process called mining. Just as paper money is created by printing and gold is mined, Bitcoin is created by “mining”. Mining involves solving complex mathematical problems involving blocks using computers and adding them to the public ledger. When it started, a simple CPU (like your home computer) was all you needed to mine, but the level of difficulty has increased significantly and now you need specialized hardware, including a high-end Graphics Processing Unit (GPU). Withdraw Bitcoin.

How can I invest?

First, you need to open an account with a trading platform and create a wallet; You can find some examples by searching Google for ‘Bitcoin trading platform’ – they usually have the names “coin” or “market”. After joining one of these platforms, you click on assets, then click on crypto to select the currencies you want. Each platform has many indicators that are quite important and you should make sure you observe them before investing.

Just buy and keep

Although mining is the most secure and in some ways the simplest way to earn Bitcoin, there is too much fuss involved and the cost of electricity and dedicated computer hardware makes it out of reach for most of us. To avoid all this, make it easy for yourself, enter the desired amount directly from your bank and click “buy”, then sit back and watch your investment grow according to the price change. This is called an exchange and occurs in many transactions. exchange platforms available today with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc.) and various crypto coins (Bitcoin, Ethereum, Litecoin, etc.).

Bitcoin trading

If you are familiar with stocks, bonds or Forex exchanges, you will easily understand crypto trading. There are e-social trading, FXTM markets.com and many other Bitcoin brokers you can choose from. Platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means trading Bitcoin for USD. Pay attention to price changes to find the perfect pair according to price changes; platforms provide price among other indicators to give you proper trading advice.

Bitcoin like stocks

There are also organizations that allow you to buy shares of companies that invest in Bitcoin – these companies trade back and forth, and you simply invest in them and wait for your monthly benefits. These companies simply pool the digital money of various investors and invest on their behalf.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires having some basic knowledge about the currency as explained above. As with all investments, it involves risk! Whether to invest or not is entirely up to the individual. However, if I were to give advice, I would advise investing in Bitcoin because Bitcoin continues to grow – although there has been one major boom and bust period, it is highly likely that cryptocurrencies as a whole will continue to grow. value growth over the next 10 years. Bitcoin is the biggest and most popular of all the cryptocurrencies out there, so it’s a good place to start and the safest bet right now. Although volatile in the short term, I doubt you will find Bitcoin trading more profitable than most other ventures.

Bitcoin hoarding over? Active trading for Tether bettors

The inflow of institutional funds has been suspended by all accounts, and the purchase of Bitcoin is currently only an inflow of USDT tokens.

The days of energetic shoppers maxing out their charge cards to buy Bitcoins may be over. Indeed, even Korean markets have cooled. Regardless, the exchange of income – this time backed by the Tether (USDT) resource. At first glance, Bitcoin’s value levels are encouraging, at $6,743.53. While altcoins slide, Bitcoin maintains its position and its value strength again extends to 43.2% of the combined market capitalization for all coins and tokens.

In any case, the purpose of this can be token-filled liquidity. The printing of USDT coincided with Bitcoin’s rapid run that began in mid-2017. So far, every USDT infusion has led to frenzied buying by all possible means. Currently, newcomers are either looking for edges, or most have given up hope of faster additions to cryptocurrency. Regardless, for dedicated brokers, using USDT is another source of income.

Not every one of them has found their way to BTC exchanges, despite the fact that more than 2.7 billion USDT have been acquired. Not long ago, USDT supply on BTC exchanges was close to 20% and below, with solid levels in Japanese Yen, US Dollar, Korean Won and several different monetary standards. Be that as it may, now the photo changed quickly, it was over in a few days.

According to CryptoCompare, more than 54% of all BTC exchanges are trading Tether due to the large offering of the Bitfinex exchange. As you can see, the cryptocurrency markets have now entered a phase where all trading is inclusive, and the next few years you may see costs moving on the back of crypto insiders rather than institutional brokers from the world of conventional funds.

Half a month ago, Tether entered a bunch of altcoins, and now it seems that the accumulations are directed to Bitcoin. No matter how you look at it, while this can be sure of costs, it additionally means that it is actually problematic to offer fiat welfare once more to new Bitcoin buyers, and they can end up with USDT tokens – which can, in principle, be claimed back for money. but the procedure is average and there is a valuable penalty.

Meanwhile, the crypto resource TrueUSD (TUSD) saw its supply contract rise from 88 million to 81 million tokens, as if the tokens were read and converted into money. Invert trading for TUSD should be simpler – but it also involves removing assets from the digital market.

About Bitcoin and Bitcoin trading

Bitcoin is a cryptocurrency created in 2009 by an unknown person using the alias Satoshi Nakamoto. Although the currency has been around for a long time, it gained popularity a few years ago when merchants started accepting it as a form of payment. In addition to using it in your transactions, you can also trade it, thus making huge profits.

Benefits of forex trading

There are many reasons why you should consider buying currency. Some of these reasons include:

Ease of access: Unlike the stock market and other trading channels, there are almost no barriers to entry to the Bitcoin market. All you need to do is identify the seller you can buy from. If you’re interested in selling, identify a buyer and you’re good to go.

Global: You can trade currencies from anywhere in the world. This means that a person in China can buy or sell Bitcoin to a person in Africa or anywhere else. This makes the currency important because it is not affected by the economy of a country.

It is volatile: Like other currencies in the foreign exchange market, Bitcoin is highly volatile. This means that it changes its price quickly due to slight changes in the economy. If you use the changes, you can make big profits.

24/7 trading: Unlike the stock market which operates during business hours, Bitcoin trading takes place all day and night. Trading restrictions apply only to you – not in time.

How to get Bitcoins

If you want to enter the market, there are many ways you can use to get foreign exchange. Some ways you can use it include:

Buy on the stock market: Here you have to enter the market and you will find people willing to sell currency. You need to identify a reputable seller and place an order.

Transfers: You can also get Bitcoin from your friend. Here, your friend has to send you currency through an app on your computer or phone.

Mining: This is the traditional way to get coins. In this method, you use a computer to solve complex math puzzles. After successfully completing a puzzle, you are rewarded with coins. Although this method is free, it usually takes time.

The result

Here’s what you need to know about Bitcoins and their trading. Once you have the currency, you can decide to store it in your digital wallet or trade it.

A Beginner’s Guide to Owning Bitcoin Cryptocurrency

Bitcoin Cryptocurrency is buzzing all over the world whether you are on the internet or any media. This is one of the coolest and craziest things to come out in just the last few years. More importantly, you can earn awesome income by trading bitcoins or keep it for a long time.

You can hear about the trading of Stocks, Commodities, Forex and now the new currency called Bitcoin which has a huge impact on our lives. In this beginner’s guide to Bitcoin cryptocurrency, you will learn the ABC’s of Bitcoin.

About Bitcoin Cryptocurrency

The origin of Bitcoin is still unknown, but in October 2008, an article was published from Japan under the pseudonym Satoshi Nakamoto. His identity is still unknown, and as of September 2017, he is believed to have about one million bitcoins worth more than $6 billion.

Bitcoin is a digital currency popularly known as cryptocurrency and is free from any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a beginner, Bitcoin technology can confuse you and it can be a bit difficult to know about it. However, I will help you dig it deeper and how you can easily make your first Bitcoin trade.

Bitcoin Cryptocurrency works on blockchain technology, which is a digital public ledger that is shared by everyone in the world. Whenever you trade any Bitcoin, you can find your transactions here and anyone can use the ledger to verify it. The transaction will be completely transparent and verified by the blockchain. Bitcoin and other cryptocurrencies are parts of the blockchain, an awesome technology that only works on the internet.

Basic terms related to Bitcoin cryptocurrency

Before you get ready to own your first Bitcoin, it is better to know the basic terms related to bitcoins. It is also called as BTC which is a part of bitcoin and 1 bitcoin is equal to 1 Million bits. With the emergence of Bitcoins, some other alternative cryptocurrencies have also developed. They are popularly called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many others.

XBT and BTC are the same thing and are commonly abbreviated to bitcoin. Mining is another commonly used term and is actually a process done by computer hardware for Bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, receive and store bitcoins. You can send it to your friends, send a friend request and save it in your digital wallet. Even now you can add mobile/DTH directly by paying through bitcoin.

Transaction cost is low compared to PayPal, Credit cards and other online intermediaries. In addition, it also protects your privacy that can be leaked online while using credit cards. It is extremely secure and no one can intercept or steal the coins. Due to its transparency in the system, it is also impossible to manipulate thanks to the shared public ledger. You can check the transaction anywhere and anytime.

Since the total production of bitcoins will be limited to only 21 million, the demand is likely to increase. Japan has already legalized it and soon other countries may follow suit and the price may increase even more.

In the coming days I will give you more details about Bitcoins where you will learn great things about bitcoin trading. You can comment your thoughts and ask anything related to bitcoins.

If you found this beginners guide to Bitcoin Cryptocurrency useful, please share and like it on social networks.

4 Tips to Help You Enjoy a Successful Crypto Trading Career

If you want to make a lot of money with Bitcoin today, your best bet is to go for trading instead of investing. All you need to do is buy and sell your coins and get a small profit after each sale. If you’re just starting out, you’ll have to start from scratch just like everyone else. If you play the game well, you can earn tons of money in a short period of time. In this article, we have some tips to help you enjoy a successful cryptocurrency trading career. Read on to learn more.

If you are interested in making tons of money from Bitcoin trading, there are many important things to consider. It all depends on your experience and intelligence. Without further ado, let’s take a look at some tips that will help you make a lot of money and avoid common mistakes.

1. Know the Risk First

This is one of the most common mistakes that most traders make. If you are not aware of the risk of this trade, you should not go on this adventure. If you are not aware of the challenges, you can lose a lot of money.

Before investing your hard-earned money, you may want to assess the risk. So, this is one of the most important things to consider.

2. Diversify your investment

When it comes to Bitcoin trading, we suggest diversifying your investments. This applies to all types of investments. In other words, if you only want to invest in Bitcoin, you would be wrong. You should also invest your money wisely in other cryptocurrencies.

This is important if you want to be on the safe side and cut your losses and turn them into profits.

3. Be patient

Money doesn’t grow on trees. All traders enter the cryptocurrency world to make money. However, once you buy the cryptocurrency you want, you can’t make money right away. And then there is no guarantee that you will continue to make profits throughout your journey in your career. Therefore, you may want to be prepared to deal with this type of situation.

4. Don’t be greedy

Finally, it is important to stay away from greed because it is your worst enemy when it comes to cryptocurrency trading. You need to be patient as Bitcoin prices keep changing. It is not a good idea to be afraid of changes and sell your money immediately. So, if you don’t have patience, you cannot succeed in your career as a trader.


Long story short, these are some of the most useful tips you can try if you want to succeed as a cryptocurrency trader. If you play the game well, you can make good money in a few years if not months.

Bitcoin Brokers – Understand the Benefits of Cryptocurrency Trading

Bitcoin is a cryptocurrency that can be spent, stored or invested, and it can also be stolen. Trading with Bitcoins was considered risky, but the current trends show that it has become a big hit in the binary options sector. This decentralized currency is not regulated by any Government or any central authority.

What determines the price of Bitcoins?

The price of Bitcoin is determined by the ratio of supply and demand. As demand increases, the price increases, and when demand decreases, rates decrease. Bitcoins in circulation are limited and new ones are created at a very slow rate. Its price can be extremely volatile because there is not enough cash to change the market price.

Bitcoin trading is popular because:

  • Low inflation risk – Inflation is the biggest problem for traders because all currencies lose some of their purchasing power when reserve banks keep printing more currency. Since the Bitcoin mintage is limited to only 21 million bitcoins, it is not affected by inflation.
  • Low crash risk – Fluctuations in currencies depend on government trade policies, which sometimes lead to hyperinflation and even currency collapse. Bitcoin is a virtual universal currency, not regulated by any government.
  • Simple, safe and cheap – Bitcoin payments are made peer-to-peer with no intermediaries, so it’s simple and cheap.
  • Easy to carry – You can carry a million dollars worth of bitcoins in your pocket, on a memory stick. This cannot be done with gold or cash.
  • Untraceable – The issuance of Bitcoin is not regulated by any government, so there is zero risk of confiscation.

Binary options Bitcoin trading platform

Binary options brokers are familiar with the popularity of these bitcoins and its ever-changing values. Therefore, they take this opportunity to offer traders the latest volatile cryptocurrency as an additional payment method. Bitcoin brokers that provide cryptocurrency as a trading option include:

  • One touch option – Bitcoin trading can be done with AnyOption or one touch. For example, the current popular currency pair is BTC/USD.

  • SetOption – The latest option available for asset trading is BITCOIN/USD.

Bitcoin brokers provide a simple online trading platform. All you have to do is visit their website, enter your details and create an account. You can start with a demo account to understand the market movement.

The trading screen is simple.

  • Select price direction (UP/DOWN)

  • Select a time frame

Is Bitcoin trading safe?

The Bitcoin network is perhaps the world’s most widespread computing project. The most common vulnerability here is user error. Bitcoin wallet files can be accidentally lost, stolen or deleted just like any other file in digital form.

However, users can use sound security strategies to protect their money. Alternatively, you can choose service providers that offer a high level of security as well as insurance against loss or theft.

Bitcoin and Binary Options Trading

Binary options have become increasingly popular over the past 2 years. This type of trading is desirable among new traders because they don’t need to actually buy anything, they just need to predict whether the asset will move up or down within a specified time frame. These trades take place over short periods of time (30 seconds, 1 minute, 5 minutes) but can last for months. If a trader predicts wrong, they will surely lose their money. If the trader was right in their prediction, they will get paid 80-85% depending on the broker.

Binary options are sometimes referred to as “all or nothing,” “digital options,” or “fixed return options” (FROs) traded on the American Stock Exchange.

Bitcoin (BTC) is a digital currency that is created and stored electronically and is not controlled by anyone. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who published his invention in 2008 and released it as open source software in 2009. The system is peer-to-peer; users can make transactions directly without the need for an intermediary. recorded in a publicly distributed ledger. The ledger uses its own unit of account, as well as the name bitcoin. The system operates without a central repository or single administrator, which has led the US Treasury to divide it into several categories. decentralized virtual currency. Bitcoin is often called the first cryptocurrency. .. “

Bitcoin as a currency in binary options trading

Bitcoin is currently a widely used currency and many trading platforms accept it as a payment method for their customers’ trading deposits. There are many benefits to using Bitcoin as a currency. The first benefit is that “the cost of the transaction is the lowest of all forms of online payment. This is the reason Bitcoin was created in the first place to reduce the cost of online transaction. Because there is no central authority, there are no service fees when handling, receiving or transmitting Bitcoin.” Another reason why traders use Bitcoin as a currency is that Bitcoin itself can be exchanged and they can earn extra Bitcoins that way.

“By recording all trades in Bitcoin, a trader can protect himself from the volatility of this cryptocurrency, while at the same time earning more from his trading profits.”

Bitcoin as a commodity in binary options trading

With the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms have started using Bitcoin as one of the currencies to trade. as such an asset. Stockbrokers see value in trading BTC against hard currencies, mainly the US Dollar.

There are 2 main types of Bitcoin binary options platforms today:

  • First generation brokers – binary options platforms that allow you to trade with Bitcoin

  • Second generation brokers – platforms that offer both Bitcoin financing and Bitcoin trading

First generation brokers – Brokers offering Bitcoin trading:

  • Coinut – only Bitcoin options exchange platform; programmed as a solid and Linux operating system distributed on coinut.com

  • BTClevels – Bitcoin binary options trading platform; hassle free btclevels.com with or without registration

  • 24 Options – one of the first brokers to actively offer BTC is 24option.com

Second generation brokers – Brokers offering Bitcoin financing and trading:

  • Traderush binary platform – traderush.com accepts BTC deposits

  • Nadex trading platform accepts -BTC funding and allows BTC trading; nadex.com offers limited risk, short-term trading, transparency and a fully regulated market

  • Satoshi Option trading platform – accepts BTC funding and allows BTC trading; does not require account registration, nor personal information. Payments are instant and the service can be accessed from anywhere in the world at satoshioption.com

  • The BTCOracle platform – the only Bitcoin platform – allows funding and trading of BTC, offering multiple wallet options and complete transparency btcoracle.com

  • Bitstamp platform – As above, BTC only platform – allows BTC trading and funding, but requires access to bitstamp.net

  • Bitcoin Wisdom – Allows you to trade 3 digital currencies, Bitcoins, Litecoins, Altcoins against other real currencies and requires login to bitcoinwisdom.com.

  • Beast Options – allows you to fund BTC and trade Bitcoins and Litecoins; beastoptions.com guarantees fair pricing regardless of market fluctuations

When choosing a Bitcoin broker, it is important to check their terms and conditions, paying particular attention to whether their Bitcoin Assets are stored in “Deep Cold Storage”. This means that bitcoins are insured and stored offline, where they are not vulnerable to hackers.