Bitcoin Binary Options Brokers
A recent addition to many binary brokers is the ability to accept Bitcoin. This has been a reaction to the fact that this electronic currency has gained rapidly in popularity and binary option brokers need to keep attracting new customers all the time to ensure they can offer the best possible service.
Many of the leading binary options brokers are constantly monitoring developments in the financial and social world. One of the biggest of these is the advancement of social media and digital payment methods. This is the reason why these binary options brokers now accept Bitcoin. The Bitcoin is a digital version of a currency. In many ways it operates on the same basis as the US dollar. It can be used to purchase a wide array of items online and you can even speculate on the current price of this digital currency! There have been a range of responses to the introduction of this currency and it has cycled through extreme highs and lows. However, it seems certain that this type of currency is here to stay for the foreseeable future and as such, the binary options industry is reacting positively.
Recognizing the Types of Bitcoin Binary Options Brokers
The majority of binary options brokers currently fall into category one; brokers which allow you to trade on Bitcoin. It is listed as an asset and you can predict in which direction its price is likely to move. There are however a few binary options brokers who accept Bitcoin as a payment method; allowing you to add and remove funds through this digital currency.
Out of the various brokers who do accept Bitcoin, Finpari is deemed to be the best at present. As well as accepting a wide range of payment methods, this broker offers fast access to your funds and a huge array of useful features on its site. You can add funds in Bitcoin, receive them in as little time as one hour and even trade them in the assets list. If you are looking for a broker who is registered in thirty one countries and provides the best options for trading in Bitcoin then you need look no further than AnyOption. This broker offers high rates of return and even an out of the money refund policy. As support for this new currency grows you may find yourself wanting to use it yourself. If you already have a binary trading account it would be best to speak to your broker about the possibility of them accepting Bitcoin.
Bitcoin Binary Options Brokers - Is Bitcoin Better than a Credit Card?
One of the biggest benefits of Bitcoin and one of the most contentious issues is the fact that it is semi-anonymous. If you prefer people not to know your details this could be the option you need. It also has much lower fees than credit cards as there is no infrastructure to support. This is in direction contrast to a credit card as there are always fees of up to five percent plus a charge per transaction; which can be as much as thirty cents.
This is not to say there is no charge with Bitcoin; you can ensure an extra speedy transaction by paying a one percent charge. Both payment methods are known to be secure; providing you keep your personal access codes and numbers private. The main benefit of a credit card however is the fact that a charge can be reversed. This can be of great benefit if you place money with a binary options broker who turns out to be a scam broker.
Bank Wire Transfers and Bitcoin
There is no doubt that a Bitcoin transaction is cheaper and faster than the average wire transfer. Funds sent by wire can incur a fee as high as $80 and take several days to clear. Providing you adhere to proper precautions there is no difference in the safety of your funds. In fact, there is little reason to use a wire transfer over Bitcoin.
There are a range of realistic alternatives to Bitcoin; PayPal and Skrill are the two which will probably come to mind first. These have the benefit of allowing you to reverse charges and offer the same benefits as Bitcoin.
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