Launched in September 2013, BTClevels was the first dedicated bitcoin binary options trading platform. Listings and quotations are taken directly from HitBTC in real-time. BTClevels accepts only bitcoin deposits and offers only bitcoin for trading. The cryptocurrency enthusiasts worldwide don’t need to look any further.
The platform offers only bitcoin/USD in basically four time frames – hourly, 4 hours, 8 hours and daily options. Simply put, the layout consists of the chart and selection field for the time frame. People who are used to brokers who offer many assets, many option types and lots of functionalities on their websites may be a bit disappointed. The platform is also not mobile responsive and the site does not offer any educational materials.
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This, however, is in contrast to BTClevels’ ease of use and access. The site’s design is simplified and very pleasing to the eye. Trading with the platform is elementary. You don’t need to registrater to start demo trading, and in some way it resembles an offline trading platform. The “Rules” tab will help explain in even greater detail than the otherwise straightforward trading framework.
BTClevels has an interesting method of distributing bitcoin to those who correctly predict future bitcoin price movements. After the traders make a correct prediction on the future Bitcoin price, they will share the total Bitcoins of the losing side with the other traders who also make the correct analysis. The amount of the Bitcoin reward received depends on the size of the trader’s original position. The earlier the traders place their orders, the more bitcoin they will receive. BTClevels’ design includes no bitcoin limits on the size of positions.
Overall, BTClevels is a dedicated bitcoin binary options trading platform that does not pretend to be a jack of all trades, but a master of one. The addition of bitcoin and other digital currencies to the asset list of many binary option brokers goes to show the growing popularity of these alternative assets. BTClevels’ success will therefore be entirely linked to the success of the digital currencies as a whole.