Bitbinaries.com – New Bitcoin Binary Options Product

Looking to trade Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term binary options, a new project called Bitbinaries has just gone live. In its initial launch, the product allows users to make one, 12, or 24 hour bets on the price of bitcoins. Bets are available on a minimum size of 0.1 BTC, with a maximum of 0.25. Like typical binary option bets, Bitbinaries provides an ‘all or nothing offering’ with winning bets paying a 90% payout.

For those new to binary options. The product is based on users betting whether the price of an instrument will be below or above a specific price (strike price) at a specific time (expiration). For example, if bitcoin is trading at $100/USD, traders can wager whether the price at expiration will be above or below the current price. This betting that it will be above $100 will receive a 90% payout on their win, or lose all their funds if the price drops below $100 at the time of expiration. In terms of comparing Bitbinaries offering to typical binary option broker products, the payout is competitive as it firms generally offer between 70-80% on wins.

We reached out to Bitbinaries for information to learn more about who they are and other background information and will post as we receive updates.