Trading Bitcoin

IQ Option has started its journey very recently but gained millions of users already. It is different for its website design and trading platform. Its recently added feature is Cryptocurrencies which includes different currencies including bitcoin. 

Bitcoin Binary Option is the recent trending where one has to predict whether the Bitcoin price will fall or rise in a time duration and in this trading form there is only two outcomes which are win or loss. 

Though IQ Option has a lot of options of trading in its website, recently it has become very famous for Binary Options especially Bitcoin Binary Options because of its new attractive features. 

Bitcoin Binary Options on IQ Option:

Bitcoin was first launched in 2009 by Sakoshi Nakamoto. It uses a self-electronic network for its payments. Its main principle is P2P and it has a unique encryption system which secures the payments. Bitcoin indexes are USD, Euro, Chinese yuan. Trading Bitcoin in IQ Option is very simple. One has to do a click and pay one dollar from the account. Here, easy steps to do Bitcoin trading is given. 

How to Trade:

Choosing CFD to buy or sell from the main menu by clicking “Open new asset” button in the trade room. 
  1. Picking Bitcoin as the currency.
  2. Choosing the dollar value of Bitcoin to buy or sell from the “Amount” window.
  3. Clicking the gree button to buy ot the red button to sell.
  4. Monitoring it in the actual time entering take profit or stop loss considering the trading startegies and preferences.

How to Deposit:

  1. Clicking the “Deposit” button.
  2. Choosing payment amount. In IQ Option the minimum deposit is $10 and maximum deposit is $20,000.
  3. Choosing payment method in Bitcoin.

How to Withdraw:

  • Clicking “menu” and choosing “Withdraw funds”.
  • There will be a detailed process of withdrawal which takes one working day in IQ Option.

Bitcoin Leverage: The obtainable leverage in IQ Option depends on the country if it is regulated or not. However, the main rule is that traders from all over the world can trade with up to 1:50 except the European countries. Traders from European countries can get 1:2 leverage.

Spread and Overnight Fees: The Bitcoin Spread on IQ Option depends on the current market condition and the selected leverage. In 2019 the Spread was around 2.5% per Bitcoin and the overnight fee was –0.065% on buying position and +0.015% on selling position. 

Safety about Bitcoin: Bitcoin is not a safe trading option for the short term traders. In the past there was volatility in Bitcoin a lot. The value would be double or triple in some days though now it is somehow stabilized. 

However, for those who wish to hold the position for a long time such as for some hours or days, Bitcoin is really very useful. In a long time duration there is not major price movements in Bitcoin. Though there is a small overnight funding fee for the long term traders in IQ Option. 

The Future of Bitcoin: How the Bitcoin price will change is absolutely unsettled but it is sure that Bitcoin is the sanctuary of safe Cryptocurrencies. Bitcoin is now the digital gold in the online trading platform. Its value became around 15% at the time of Brexit. The demand of Cryptocurrencies is rising everyday. Predicting the right future of Bitcoin among all the Cryptocurrencies, one can gain a lot in online trading. 

Support Service: Like every other brokers, IQ Option also has 24/7 support service with email address and phone number. About any queries regarding any trading option including Bitcoin, it is possible to contact with them directly. Besides, IQ Option has a site called IQ Option wiki which has every kind of information about them. 

Other Possibilities:

Though Bitcoin is the most trending Cryptocurrency right now, there are other options like Ripple, Dash, IOTA, Monero, ZCash, Etherium, Litecoin, Bitcoin Cash etc. These are also open for all traders. These are also rising moderately and one can also profit from any of these Cryptocurrencies. Except Bitcoin, all other Cryptocurrencies have the same method of trading. Investing is the same and easy in these options as well. 

Bitcoin is the new biggest craze in online trading platform and IQ Option has made it really easy and fun. Starting from 2013 it has developed a lot till the present day and in future it will bring more opportunities for the traders all over the world. This article can help one to start trading Bitcoin on this broker with necessary information.