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.
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).
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 the bitcoin amount you would like to invest to the appropriate bitcoin address presented on the Satoshi Option website.
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!
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.
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.
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 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.
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).
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.