Bitcoin or Bust! Trading Bitcoin as Binary Options.

Lately the trading market has seen a huge interest, or hype if you like, on a crypto-currency called Bitcoin. What is so different and interesting about Bitcoin is that it is a virtual currency which is decentralized, meaning that it is not backed by any government or regulated by any central authority. The way the value of Bitcoin is determined is by the acceptance of the users who uses it. Back when it was starting to become popular in 2009, the value of one Bitcoin was $230, while now, 4-5 years later, the value lies around $1000 for a single Bitcoin.


The big issue is, what if you don’t HAVE $1000 to trade Bitcoin? Since there is no sign of Bitcoin becoming less prominent, the value of a bitcoin is likely to keep rising, and so it will not help to sit and wait until you can afford it.

Many Binary Options brokers have provided a solution to this problem by offering Bitcoin amongst its currencies. As you don’t actually ‘buy’ or ‘sell’ in Binary Options, but only speculate the value of whatever you are trading, it does not require $1000 to trade Bitcoin. All it requires is the minimum deposit of the broker you choose to trade with, and then you can spend whatever amount you feel like trading Bitcoin. 

Amongst of the bigger brokers who offer Bitcoin trading are CapitalOption, GOptions, AnyOption and TradeRush (all of whom VIP Affiliates have great offers at) and will show up in the “Currencies” list of assets between 6:00 and 20:00 GMT time. So if Bitcoin is something which interest you, we recommend trying it out at one of these brokers. Even if you do have $1000 lying around, trading Bitcoin with binary options is a good way of getting a feel on the currency before spending them.