We gamblers love everything that has high payouts and increases our heart beat a little bit. The thing that we usually do not appreciate is being tricked. What is the main issue about gambling against the online casino is the lack of transparency. You may place your bets, but do you really trust some unknown script? To us it seems as a major issue.
Binary Options have gained popularity just a few years ago and to us it seems as a perfect gambling instrument. So what are binary options? This is a type of financial betting. In its simplest form you just need to predict the direction of the price move of an asset. It can either be up or down. In other words, if the current GBP/USD rate is 1.3567, you may bet for this rate being higher than 1.3567 or lower than 1.3567 within a defined time frame. What is the best is that you not only can check the rates at your broker, but you can check them on tons of other sites. This means full transparency.
Sounds pretty easy, right? It is quite similar to betting on red or black in roulette, yet the main difference is the payout and the odds. While in roulette (especially online) it is nearly impossible to predict the color, with binary options you can forecast a bit better. Due to this the payout tend to be lower, so while for a 100 GBP bet in roulette you will get 200 GBP, at binary options you would get 165-190 GBP, depending on your choice of binary options brokers. In some types of binary options trading you can generate the payouts higher than 700%, but of course it comes with a greater risk.
Another great aspect of binary options is that you can gets lots of deposit bonuses and other freebies. Also most of the brokers provide online support and have a wide range of available payment systems. With most of the brokers you can bet on almost any financial instrument, lots of currency pairs, metals, commodities, stocks – whatever rocks your boat!
Binary options brokers do not make your life hard. Starting to trade binaries online may take only a few minutes and can be done by following the next steps:
As a rule, with an unregulated broker you wouldn’t need to provide your ID, so the whole application process could take less than 5 minutes. With a regulated broker it may take up to 2 days to verify your personality.
Good luck with binaries, high payout and transparent betting!
Cover Image via Flickr
Bitso Opens Bitcoin Donation Support for Mexico City Earthquake Relief
Whenever a natural disaster takes place, there is a dire need for relief efforts. Although not everyone can send goods over to affected countries, financial support will do the job as well. Rather
More Crypto-Criticism, This Time from Dogecoin’s Creator.
The latest in the slew of crypto critics is Jackson Palmer, the creator of Dogecoin. Palmer claims that thanks to the proliferation of scam ICOs, a similar fate might be lurking in wait for the rest
Blockchain Cruise Asia Set to Become the Major Asian Blockchain Conference in 2018
Famed cryptocurrency services provider CoinsBank has plans for a new gathering of Blockchain technology enthusiasts on the horizon. After achieving success for two straight years with Blockchain
Ethereum Classic Price Technical Analysis – ETC/USD To Retest $11?
Ethereum classic price is correcting lower against the US Dollar and Bitcoin. ETC/USD might extend declines as sellers eye a test of the $11.00 level. There was a decent recovery from the $8.70
VibeHub VR/AR application ICO approaching end
VibeHub is a Virtual and Augmented reality application for the use of music, education, gaming and dating. The VibeHub team will use holoportation technology to holoport mainstream artists and
US bank CEOs are likely 'very afraid' of bitcoin, says wealth advisor
CEOs of U.S. banks are likely "very afraid" of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly
BTC/USD and BTC/JPY Technical Analysis September 20 2017
Hello and welcome to News BTCâs Market OutlookÂ September 20. BTC/USD Bitcoin dipped at the beginning of the session on Tuesday, but seems to be finding support near the $3900 level. As I
ETH/USD and ETH/BTC Technical Analysis September 20 2017
Hello and welcome to News BTCâs Market OutlookÂ September 20. ETH/USD Ethereum fell initially during the day on Tuesday, but found the $280 level be supportive enough to turn things around