Binary options and crypto brokers are two key financial instruments at this time
These negotiations try to predict if the price of the asset rises or falls in a period “X”
How do platforms like Pocket Option work and who are they intended for?
There are several current ways in which we can earn money thanks to our holdings in Bitcoin and altcoins, and Cryptocurrency binary options brokers are an alternative that some prefer when speculating on their digital assetsso it is worth analyzing what this method is about and what advantages it offers.
In a nutshell, Cryptocurrency binary options are a way of trading cryptocurrencies that try to predict if their price will go down or up in a certain period of time. and, if we are right, we will receive a specific amount for it, while if we are wrong, we will lose that amount.
By definition, each binary option in cryptocurrencies has a specific expiration date, so it inevitably results in winning or losing money, and there is no possibility of keeping the bet under any circumstances.
Fundamentals of binary cryptocurrency trading
With the phenomenon that cryptocurrencies represent, It makes sense that the binary options that are contemplated within the financial sector also provide platforms for those who want to trade their assets as well..
binary options They are not a beginner-friendly trade., but certain knowledge is needed to enter this field. Knowledge that, on the other hand, can only be obtained by finding out about the subject.
That being said, binary options appear to be the ideal speculative product for many of the crypto holders, aware that cryptocurrencies have inescapable benefits over fiat currencies.
In the end, cryptos and binary options seemed “doomed” to meet because they keep common characteristics, such as having attracted the attention of regulatory entities, almost on par with the interest of investors.
Pocket Option, binary options and cryptocurrency service
Of course, there is more than one platform we can trust for binary options trading around cryptocurrencies, and Pocket Option is one of the well-known.
We believe that reviewing its characteristics is a way to enter the world of modern binary options, to understand what you are going to find if you are considering giving this operation a first try.
Presentation and regulation
Pocket Option is a global binary options broker where you can bet on bullish or bearish trends, owned by Gembell Limited and based in the Marshall Islands, and a broker regulated by the IFMRRC.
When taking a look, we come across an intuitive portal, even for newbies, in which it is clearly distinguished which operations are available to investors, with more than a hundred different assets and more than ten thousand potential combinations, which you will access as soon as you create a new user account.
Like any good binary options broker, it is regulated by the corresponding authorities, in this case the Center for the Regulation of International Financial Market Relations.
Deposit and payment methods
If you want to test Pocket Option you can do it without problems, making a deposit first. Something that its users usually like is that It is allowed to bet minimum amounts in each operation. Additionally, the broker delivers free money to practice and develop strategies.
The payment methods are multiple, more than 50 in total, so that anyone can deposit into their account. There are no commissions for payments or deposits either, so the amount that is deposited is credited to the account. Likewise, the deposit system is open 24 hours a dayso there are no schedules to use it.
What are the estimated earnings?
The average profit on a binary option, at least on Pocket Option, ranges from 80/97% according to the platform itself, which is more than good if we compare it with other brokers, and of course it is subject to the asset in which we invest.
The operations move between the shortest 60 seconds and the longest 4 hours, with numerous intermediate time horizons between them, and carrying out the operations is really simple. Usually, You will not have problems opening or closing themand if there were, they have attention.
conclusions
In summary, Pocket Option is an alternative to have a first experience in binary options. Its conditions of use are favorable and its profits are above average, without forgetting that it is regulated by the financial institutions of the sector.
Continuing training on this subject is essential before making your initial operations in binary options. When you feel ready for these negotiations, it’s time to start.
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