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Satoshi Option is Binary Option trading platform powered by Bitcoin. Whether you see Binary Options as an exciting new type of investment, or rather a skilled form of gambling on the stock market - instead of in a casino - Satoshi Option is the world's first Binary Option trading platform that accepts the Bitcoin currency. Simply decide the direction the price of the underlying asset will move Up or Down. When a Binary Option is purchased on Satoshi Option, a contract is created between the buyer you and the ghost of the late Satoshi Nakamoto.
This gives the buyer you the right to exercise the option at the end of the alloted time period e. Put simply, if you pick correcly, you make a return. If you pick incorrectly, you lose. Binaries Options are sometimes referred to with different terms depending on which part of the world you are from. Other common terms include 'all-or-nothing options', 'digital options' common in the forex and interest rate marekts , or 'Fixed Return Options FROs ' common in the American stock markets.
Making a trade on the Satoshi Option platform could not be more straightforward. Once you have an opinion on the price of the asset e. Send the bitcoin amount you would like to invest to the appropriate bitcoin address presented on the Satoshi Option website. A binary option is a financial instrument that allows you to predict if the market price of an asset will rise or fall within a certain time period.
Binary options are new and provide the trader the ability to make significant profit, very quickly. Trading binary options is quick, easy, and best of all - profitable! Your trade will commence as soon as your bitcoins are received by the Satoshi Option server zero confirmations are usually required. Normally, this is almost immediately after your send them.
The Satoshi Option server persistantly monitors its bitcoin addresses for incoming transactions and keeps track of them accordingly.
Your trade will end precisely at the point of the option's expiry. For example, if you selected a 60 second option, your trade will end 60 seconds after your bitcoins were acknowledged and processed by the Satoshi Option server. A correct prediction is when you correctly predict which way the price of the asset will move. It must move in a specific direction. All other possible outcomes, including when the price does not change, is considered a loss.
When you make a correct prediction, you will receieve your payout almost instantly. The only bottleneck is the speed of the bitcoin peer-to-peer network. During periods of market inactivity e. This can also occur if our market data feed is interrupted.
Any bitcoins sent when trading is closed will be refunded instantly minus the 0. The use of Satoshi Option does not require an account and by extension, no personal details are required. With Satoshi Option it is possible to trade annonymously by sending bitcoin to the appropriate bitcoin address. However, although this is convenient, it requires the user to repeatedly switch to a different web-browser or application in order to place a trade.
Furthermore, some members of the bitcoin community feel that this unecessarily 'bloats the blockchain'. To remedy these concerns, Satoshi Option also offer free, also annonymous, accounts for all traders. The benefits are numerous. How does it work? When you create a wallet, Satoshi Option programmatically creates a unique, personal, bitcoin wallet address for your exclusive use.
Satoshi Option publishes this address directly to your browser session allowing you to send funds to that address. Once your funds arrive in your Satoshi Option wallet, you can trade with those directly on the site by using the new user-interface. As such, you no longer need to send bitcoins each time you make a trade, only the first time. How do you know when I've topped up my wallet?
The Satoshi Option server persistently monitors the transactions associated with each address in real-time, so that when funds arrive, the web-page can be updated immediately for your eyes only.
How do I use my wallet in the future? This URL is unique to your wallet. If you save this URL e. How do I withdraw funds from my wallet? You can withdraw any available funds anytime by clicking the withdraw button.
Funds will be sent back to the address es from which the deposit s originated, and in proportion. After a successful trading session, you now have 12BTC which you have chosen to withdraw.
If you do not withdraw your funds they will remain in your Satoshi Option wallet for a maximum of 3 days 72 hours since your last trade or, if you have not traded, your last deposit.
After this period of time, the funds will automatically return back into the bitcoin address from which they were sent. What is Satoshi Option? Other Terms for Binary Options Binaries Options are sometimes referred to with different terms depending on which part of the world you are from. How to play Satoshi Option Making a trade on the Satoshi Option platform could not be more straightforward. To actually place your trade, simply send bitcoin to the appropriate bitcoin address that reflects your decision.
This transactions takes place almost instantly, and once your bitcoin investment has been receieved by the Satoshi Option servers, the option's duration will commence immediately. After the option's duration has expired, your decision will be correct, or incorrect. When you make a correct decision, you will recieve a return on your investment almost instantly. The rate of return is indicated on this website. Frequently Asked Questions How do I make a trade? What is a binary option?
When does trade commence? When does my trade end? When do I receive my return payout? Why is 'Trading Closed'? End of Day Soon End of Week Soon