For cryptocurrency, the system works in such a way that the user’s personal information is never kept. Therefore, it is possible to transfer any amount of money without worrying that the funds will be blocked. The classic cryptocurrencies (Bitcoin, Litecoin, Ethereum, and others) do not require users to disclose any personal information.
How Do I Profit from Cryptocurrency and Binary Options?
There are a lot of ways to profit from cryptocurrencies. One of the ways is trading with Binary Options. It is the simplest way to profit off cryptocurrency. With binary options, every trade has a fixed profit. All that’s required is to correctly forecast the price direction of the asset up until time of expiration. Trading with binary options specifically is the simplest and most accessible way to earn profit fast. Many brokers (platforms) require only $10.
But how exactly do I trade to make a profit?
Binary Options Trade Example
Okay, the price of Bitcoin now is $9900. For example, you already have an account at IQ Option or ExpertOption. You have read many financial reports, and you believe that the price of Bitcoin will increase in 1 hour. You invest $10 at 95% profit, and you choose the CALL option with expiration time of 1 hour. After 1 hour, if your decision is correct, then you receive $19.5 (initial amount of $10 + $9.50 profit).
Evidently, you do not have to invest in 1 Bitcoin (it is $9900 per Bitcoin!). You can trade on just the future price movement of Bitcoin, and you can profit from that movement. As you can see, if you are interested in cryptocurrencies, then making easy money with binary options can be a good way to increase your income.