What is Satoshi Option?
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.g. 60 earthly seconds). Put simply, if you pick correcly, you make a return. If you pick incorrectly, you lose.
Other Terms for Binary Options
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).
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How to play Satoshi Option
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.g. EUR/USD), simply decide which direction the price of the asset will take over the selected duration: up or down.
For example, if the current price of the EUR/USD is 1.2935 and you believe that this will rise over the option's duration, you would pick up. 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. In summary;- Send bitcoins to the 'Up' address, or the 'Down' address
- Wait the duration you have chosen
- Recieve your profit/return almost instantly
Frequently Asked Questions
How do I make a trade?
Send the bitcoin amount you would like to invest to the appropriate bitcoin address presented on the Satoshi Option website.
What is a binary option?
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!
When does trade commence?
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.
When does my trade end?
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.
What counts as a correct prediction/win?
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 do I receive my return (payout)?
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.
Why is 'Trading Closed'?
During periods of market inactivity (e.g. weekends), we don't allow any new trades. This can also occur if our market data feed is interrupted. Any bitcoins sent when trading is closed will be refunded instantly (minus the 0.0005BTC miner's fee).
In recent years, Bitcoin has become an increasingly popular payment method for online casino players. While traditional banking methods are still the most commonly used form of payments at casinos, more and more people are turning to digital currencies such as Bitcoin due to their convenience and security. mejores tragaperras online
Your Dedicated Wallet Account
Upgrade Your Trading Experience For Free
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.
Wallet Account Benefits
- Users can place trades directly from the Satoshi Option interface with just one click, in real-time
- Users can monitor their trading balance on-site in real-time
- Users can withdraw their funds at any time back to the address(es) from which the deposit(s) originated
- Users can feel confident that they are not contributing to blockchain bloatation
Wallet Account FAQ
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?
Once you have created a wallet, you will notice that the Satoshi Option URL in the browser updates. This URL is unique to your wallet. If you save this URL (e.g. by bookmarking it with your browser or by storing it somewhere on your PC), you can access your wallet anytime.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. For example, imagine your deposited 4BTC; 1BTC from ADDRESS1 (25%) and 3BTC from ADDRESS2 (75%). After a successful trading session, you now have 12BTC which you have chosen to withdraw. In this case, 25% (3BTC) will be sent back to ADDRESS1 and 75% (9BTC) will be sent back to ADDRESS2.What happens if I forget to withdraw or I lose my wallet URL?
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. This way, if you lose/forget your Satoshi Option wallet URL the failsafe will ensure that they funds are returned to you in a timely manner.