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Choosing A Currency Pair To Trade Binary Options

Monday, 22 July 2019, 06:06 Hrs

Choosing A Currency Pair To Trade Binary Options

The term Cryptocurrency is getting a lot of hype recently. In 2019, you can hear the word Bitcoin almost everywhere around the world. Apart from Bitcoin, there are different types of other cryptocurrencies. Other cryptocurrencies like Ethereum, Litecoin, etc. are also there besides the Bitcoin. But most of the people think word cryptocurrency is Bitcoin, which indeed is the wrong concept.

Bitcoin can simply be defined as an electronic decentralized digital currency which does not rely on any banks and or any administrator. It is completely digital currency which is not present in real form but has some mind-blowing monetary value. In 2019 each Bitcoin costs up to $9189.28. The value of Bitcoin changes frequently due to the supply and demand factor. It is also said that Bitcoin is digital gold. It is a profitable business for investing, but a lot of folks doesn't realize that Bitcoin is a risky investment, where they may either lose a lot of money or get a lot of money. You may lose your money in a short amount of time if you don't invest your money carefully. So you should always prepare to lose a lot of money or earn a lot of money before investing in Bitcoin.

Ways to getting Bitcoin?

Created by Satoshi Nakamoto in 2009, Bitcoin has become arguably one of the most valuable cryptocurrency today. A lot of folks are asking about questions regarding this cryptocurrency like what is bitcoin, how to get a bitcoin, how to buy a bitcoin or how to invest in bitcoin. As previously explained, Bitcoin is a digital decentralized coin that doesn't require any banks or administrator for performing financial transactions. Bitcoin cannot be obtained for free. To get a Bitcoin, you have to either do,
1. Bitcoin mining.
2. Investing or buying the Bitcoin.

Bitcoin mining:

To break it down in a simple term, Bitcoin mining is the process of earning a new Bitcoin by solving a mathematical equation to make transparency in the transaction by updating a Bitcoin transaction ledger. A lot of processing power is required to solve those equations. More the guesses your computer can perform, the more chances of solving the equation. Therefore, computers with high processing power, graphics cards and a huge amount of electricity are needed to perform Bitcoin mining. And as compensation for solving those equations, you will be rewarded with a brand new Bitcoin.

Investing or buying the Bitcoin

To obtain a Bitcoin, there is another method besides mining. As mining takes a lot of time and power. Some folks don't like the idea of mining Bitcoin. If you want to invest in bitcoin or get into cryptocurrency business then you can simply buy it from different sources like Coinbase, Robinhood, Square Cash, Binance, IQ Option, etc.

IQ Option

Although the coin base is used by many folks for trading different kinds of cryptocurrencies. IQ - Option is not that far behind. Just like the Coinbase it also comes with many features like the showing real-time value of various cryptocurrencies with the feature like buying and selling those coins online. Here you can buy or sell your bitcoin or any cryptocurrencies at any time It also gives you 24/7 support.

#Why IQ –

Apart from only trading cryptocurrency, it also offers the option of trading forex, stocks, and ETF. You can easily trade forex, stocks, ETF in IQ Option that other competitor like Coinbase doesn't provide. Some of the best features provided by IQ - Option are elaborated below,

1. Payment Option,

Unlike other trading services, IQ - Option accepts payments from VISA, Mastercard, Maestro, Webmoney, Skrill, and Neteller. They believe providing different options of payment gives more flexibility in the payment method. Happily, now traders in IQ - Option can use either one of the following payment option to receive their payment or buy the crypto currency.

2. Security

With over more than 25 million users since 2013, It has become one of the fastest and best online trading platforms in the world. It uses one of the advanced technology to ensure the security for more than 25 million users worldwide. A little bit of compromisation in the security department in the financial sector can risk you to lose a lot of money. Therefore, considering the possible security risk, they use one of the finest technology in their service. Due to this reason, many people trust IQ - Option and prefer it for online trading.

3. Awards

Unlike other trading services, IQ - Option has been awarded and nominated for different awards for their magnificent services. In just 5 years, they have won more than 13 awards for their achievements.They have been constantly playing a big game in the online trading industry by achieving a lot of things in a small period.

4. Multiplatform

Apart from being only a web-based trading platform, it is available on different platforms like windows, android, ios, and mac os. By giving support to multiple platforms it gives easier and convenient ways of using IO - Option to the traders.

5. User's Feedbacks,

Trusted and used by more than 25 million users worldwide. it is one of the most secure means of trading platform on the internet IO - Option is already is ranked at #1 position in the finance category on Appstore. Loved by millions of people around the world, IQ - Option has been known as one of the best platforms for trading online.

6. Customer support,

Customer is one of the most important things in any organization or company. To retain any business for a longer period requires good customers support. Customer support plays a vital role in any business.Giving excellent customer support can uplift your business in a short period. IQ - Option provides one of the best customer support to its users. They provide 24/7 support with community feature where you can share your ideas with the traders from different parts of the world. Doing trading online with IQ - Option has become a lot easier and friendlier than most of the online trading services.

Final Verdict

If you're not a Catchy savvy or don't like mining stuff then IO - Option is one of the best platforms for trading different crypto currencies, ETF, Forex and stocks online. With over more than 25 million users, it is also one of the biggest and legitimate platforms for doing online trading.