Renowned and reputed binary options trading platform BitPlutos believes that Bitcoin provides a smoother way to trade in binary options.
The broker, which is counted among the few binary trading companies that accept Bitcoin, explained that how the price of Bitcoin — compared to other deposits/withdrawal methods — makes a perfect match for the binary options industry. It first highlights the speed at which Bitcoin transactions are executed, and further draws comparisons from traditional methods whose transactions are sluggish, as well as shady.
“Bitcoin transactions are much faster and if a user opts to select “zero confirmations”, the payment can be processed instantly,” BitPlutos stated. ““Zero confirmations” can be dicey as users are able to reverse transactions before the payments have been validated in the block chain, but even with just a few confirmations from the block chain, a transaction of any amount can be completed in a matter of minutes.”
“Cheap” is another reason BitPlutos provides in favor of Bitcoin. Compared to a normal bank wire, or credit card transaction, transacting Bitcoin is known to be much cheaper in value (a few cents against the hefty $50 bank commissions).
“Bitcoin dominates the entire market when it comes to competing on fees,” BitPlutos stated. The company