Bitcoin Deposit Binary Options Brokers

Bitcoin121014

A very interesting trend within the bitcoin binary options brokers industry that has emerged recently is the increasing popularity of brokers considering offering Bitcoin as an alternative payment processing option. This article is intended to explain why this tendency has evolved by identifying the key factors driving it.

What are Bitcoins?

Bitcoins can be defined as a type of virtual currency as it possesses no real source of physical origin. This strange definition infers that Bitcoin is not issued and controlled by any global government nor is it regulated by any national recognized authority. Consequently, the value of Bitcoin is not determined by the policy decisions of central banks, such as the US Federal Reserve, European Central Bank or the Bank of England, etc.

In contrast, the worth of this unique currency is solely determined by the traders who are prepared to utilize it. The Bitcoin was introduced into the financial markets in 2009 but did not acquire serious prominence until the early part of 2013 during which period its value surged to $230 per Bitcoin. With regards to the binary options industry, a number of brokers have already added this currency to their asset lists, i.e. BTC/USD.

Why is Bitcoin becoming so popular?

One of the prime reasons for this trend is that Bitcoin provides an excellent method of transferring funds on-line as it attracts very low or zero transactional costs. This attractive feature contrasts dramatically to using other more traditional payment processors, such as credit cards and bank wires, which can incur significantly high fees. Consequently, an increasing number of binary options brokers are presently investigating the benefits of adding Bitcoin to the list of approved depositing options in order to enable clients slice their transactional costs.

Security is another reason why Bitcoin is attracting so much attention as an alternative on-line payment processor. This is because if you utilize Bitcoins to undertake such a task that each transaction will involve the instigation of both public and private encryption measures resulting in top-class security. In addition, users of this technology have the option have remaining anonymous, if desired.

Bitcoin boasts another major benefit in that its production is not under the control of any global government, which is the case for more traditional currencies. This feature implies that its users will never need to worry that their cash assets will be threatened by seizure or their worth devalued if they are held in Bitcoins. The significance of these points was well demonstrated by the recent financial crisis in Cyprus when this nation’s government initiated a policy to impose taxation on deposits exceeding $100,000 held within its national banks. In fact, the value of the Bitcoin rocketed during that incident as investors fled to the sanctuary of its safe-haven status.

Brokers Supporting Bitcoin

A growing band of binary options brokers have recognized that the constant and significant price fluctuations associated with the Bitcoin can provide their clients with new opportunities to acquire profits from trading binary options. Consequently, a number of them have already added this currency to their list of assets, e.g. read our TradeRush review and AnyOption review for more information on how these broker firms operate with bitcoin.

However, the industry is just beginning to latch on the advantages of offering Bitcoin as an alternative depositing option. For example, Beast Options (www.beastoptions.com) have just adding a new Bitcoin Deposit facility onto its trading platform enabling its clients to transfer their funds into and out of their accounts by incurring practically no processing fees whatsoever.

As the trend is now very likely to pick up pace in the imminent future, you are well advised to keep your eyes peeled for new developments. This is especially so if you are keen to adopt a prudent strategy of minimizing your binary options costs as a priority. Should this be one of your prime objections then you should constantly track the evolving status of Bitcoins being deployed as an alternative depositing option by premier brokers. 

Leave a Reply