15 Different Ways to earn free bitcoins

Chapter 13 - 13. Binary trading

Sambrain2021/09/05 12:00
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Binary trading has existed in the financial world for a very long time. It was only a matter of time before it made its way into the world of crypto. Binary, as the name suggests, has just two options: a trader purchases an option and an expiration time. The trade is either “in the money” or “out of the money.” Basically, you’re betting on where the price is going.

For example, the price of BTC is 3,000 USD at 10 AM. You can either bet that the price will be more or less than that by 6 PM. If you bet that the price will increase and that happens, you earn the payout of a certain percentage of your investment. However, if it’s lower, you lose the investment. On the other hand, if you bet that the price will go down and it indeed happens, you earn the option’s payout.