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Bitcoin binary options trading continues to boom in the cryptocurrency world as more brands are launched in the market. SecondsTrade is among those and it now serves as a venue for Bitcoin holders to invest and make the most of the financial opportunities.
Launched in October 2014, this website prides itself as the best Bitcoin binary options trading and gambling platform. It offers a complete set of trading services that are commonly provided by most online fiat-run binary brokers. It comes with Up and Down buttons, a live chart, and a list of assets in which anyone can invest.
While the usual asset index hosted on fiat-operated binary trading websites boast more than a hundred of tradable assets, SecondsTrade only has a total of 16 assets that are composed of eight (8) currency pairs, three (3) commodities, two (2) stocks, and three (3) unique assets called 5Seconds.
BTC/USD, LTC/BTC, USD/CHF, AUD/USD, GBP/USD, USD/CAD, EUR/USD, and USD/JPY are the available currency pairs on this platform while gold, silver, and oil comprise the list of commodities. When it comes to stocks, only NASDAQ and S&P 500 shares can offer traders the chances to profit.
Another interesting aspect to point out is that this Bitcoin binary trading options site does not require traders to register for an account. Therefore, anyone who has a Bitcoin wallet can predict the movement of the assets and, if fortunate, collect earnings from positive contracts.
The Up and Down buttons have their own respective wallet addresses to which traders can send their bet amounts. The investments for each contract can be as low as 0.0005 BTC but must not be larger than 0.3 BTC. Any bet that is below the minimum amount will be considered as a donation while those beyond the maximum bet amount can only be refunded after six network confirmations.
In addition, using any wallet to trade Bitcoin binary options on SecondsTrade is a big no-no. This is due to the fact that shared wallets are not allowed because the profits earned from successful trades will not be delivered to the player. Thus, it lists on its site the recommended Bitcoin wallets: bitcoinQT, Multibit, Armory, and Electrum.
With the right wallet, all payouts will be received immediately. However, it is essential to understand that every reward sent reflects the amount with the miner’s fee deducted.
Moreover, if the trade loses but the bet amount is larger than 0.01 BTC, the trader will still receive a micro reward totaling to 0.000007 BTC. Meanwhile, contracts that end up in a draw will return the bet amount to the wallet address of the investor.
SecondsTrade is a simple but effective Bitcoin binary options website. Although it is being questioned due to its inability to show the source of its data, this platforms provides a user-friendly experience to invest bitcoins in binary options trading on the web.» Start Playing at SecondsTrade