Bitcoin Trading Satoshi Strategy
This article will focus on the trading of Bitcoins on the Satoshi Option binary options platform. Trading of Bitcoins on this platform is a bit unique, as we shall soon see.
Satoshi Options is actually named after Satoshi Nakamoto, the mysterious creator of Bitcoins. Bitcoins trading on Satoshi Options is unique for three reasons:
- All binary options assets traded on the Satoshi Options platform is done using Bitcoins as the currency of transaction. This is a departure from conventional binary options platforms where paper currency such as US Dollars, Euros and British Pounds serve as the currencies of transaction. All earnings on this platform are done using Bitcoins. Investments into trades are done using Bitcoins, and earnings are received in Bitcoins.
- No account or personal information is needed to operate an account on Satoshi Options. This may sound funny, but it is true. The servers on Satoshi Option track the incoming transactions and so are able to tie a particular transaction to a particular Bitcoin account so that earnings are paid into the trader’s Bitcoin account instantly after a trade. Of course any invested Bitcoins in a losing trade are lost.
- Unlike other binary options brokers which offer Bitcoins contracts round the clock every single day, Satoshi Options does not allow the trading of new Bitcoins contracts on weekends.
How to Trade Bitcoins on Satoshi Options Platform
In order to perform trades on the Satoshi Option trading platform, you need to make a decision on whether the asset will end above the market price (UP) or below the market price (DOWN).
Once the decision on trade direction has been made, you place the trade by sending Bitcoins to the correct Bitcoin address which reflects this decision. Transactions are handled instantly, and once your investment amount in Bitcoins has been received on the servers of Satoshi Option, the binary options contract is executed immediately. No pre-confirmation is sent to the trader, hence it is imperative that the trader goes through the ordering information before clicking the order execution button.
When it comes to contract duration, Satoshi Options stands out as the only binary options broker that offers the 60 seconds contract on its platform. The other expiry times offered is the 5 minutes contract. There are plans to introduce trades with durations that span 60 minutes, 3 hours, end of the day and end of the week.
Once the option contract’s duration has expired, the trade pays out 1.4 times the initial Bitcoins investment for a correct decision. The rate of return is usually indicated, and the trader’s Bitcoins account is credited with the profit and the original investment amount. Presently, the maximum investment that traders can make in a single trade is 0.25 BTC.
There is a link which is attached to the UP address and the DOWN address. This is where the Bitcoins for investment into the trade are sent to. When winnings are made, then the Bitcoins are returned to the trader’s account from the correct address. When a losing trade occurs, the trader loses the original investment.
A commission is charged for transactions on Satoshi Options. This commission which is also called the miner’s fee (since Bitcoins are mined) is equivalent to 0.0005BTC.
The Satoshi Options E-wallet
Since traders on Satoshi Option are not required to open an account, no personal details are collected. By using the E-wallet, traders can load Bitcoins into their wallets on the Satoshi Options website and place trades from there directly with just one click. Withdrawals can be made at any time to the originating address.
When a wallet is created, Satoshi Option will automatically create a unique, personalized Bitcoins wallet address to be used exclusively by the trader. This address is published directly to the trader’s browser, allowing the transfer of funds to that address. This eliminates the need to send Bitcoins from a different browser every time a trade is made. A unique URL in the browser (which can be bookmarked by the trader), allows easy access to the wallet at anytime.
Withdrawal of funds to the address(es) from which the original deposit came from is sent in the proportion in which it was sent. For instance, if two trades are made worth 15% from the 1st address and 85% from the 2nd address, any profits made are also shared out in the 15:85 ratio. Any funds not withdrawn within 3 days will be automatically sent back to the originating address.
Conclusion
The uniqueness of Satoshi Option’s binary options program is seen in some of what has been described above.
It is pertinent to state here that the regulatory status of Satoshi Options is presently uncertain, nor is it very clear how the company is able to safeguard investors without such basics as customer verification. The non-verification of clients is sure to pose a serious problem as regulators seek to ensure that illicit money does not penetrate the system. If the company is genuine, its operators will need to prove this by verifying all customers.
