Over the past several weeks, the ongoing crypto bull run has seen strong retail participation.
Even as crypto prices are surging and are expected to have tremendous upside in the coming months, the retailers continue to hunt for alternative tools and strategies to capture outsized gains this bull cycle.
As a result, a new form of crypto derivatives, called crypto binary options, is going viral for its profitability and simplicity. Unlike complex futures or options contracts, binary options simply allow traders to bet on whether the price of an asset will be up or down at a specified time.
CoinFutures, a new crypto trading platform, offers a version of binary options trading, allowing users to bet on the direction of underlying assets like Bitcoin, Ethereum, and meme coins with up to 1000x leverage.
With its no-KYC onboarding, simple interface, and automated risk controls, it makes this style of pseudo-options trading accessible to both beginners and seasoned traders.
What Are Crypto Binary Options?
Crypto binary options are a simplified form of derivatives trading where users predict whether the price of an asset will go up or down within a fixed period.
Unlike traditional options, traders don’t need to predict the exact price that the asset must beat for them to profit. Similarly, unlike futures trading, binary options don’t require managing position size, margin, or monitoring price swings; traders simply need to get the direction right within a set timeframe.
Let’s say Bitcoin is trading at $120,000. A binary trade might ask: “Will BTC be above $120,200 in the next 5 minutes?”
If the answer is yes, and it ends even at $120,201, the trader earns a fixed payout. If the answer is no, the trade expires worthless.
This contrasts with futures trading, where profits and losses depend upon how far the price moves from the entry point, and options contracts, which involve premiums, strike prices, and Greeks like delta and theta.
Because of this simplicity, binary options have become a favourite among retail traders, especially during bull markets. They require very little capital, can run from just a one-minute trade to several days, and don’t require much technical know-how. This makes them one of the easiest ways to bet on price movements.
CoinFutures Combines Crypto Binary Options With Leverage Trading
The new CoinFutures platform offers a gamified crypto trading experience, combining binary options with leverage trading to allow users to maxmize returns.
For starters, it uses a cutting-edge algorithm to simulate real market price movements with high accuracy, rather than functioning as an on-chain derivative exchange. This means traders don’t need to purchase the underlying assets for futures trading or deal with complexities like funding rates.
Instead, they simply place a bet on whether the asset’s price will move up or down.
CoinFutures enhances the binary crypto trading experience with leverage, allowing users to maximize their gains. It allows up to 1000x leverage, which means those who are betting with small-sized positions or on low-volatility assets like Bitcoin can still make it big.
For example, a 1% upward move on a 100x leveraged position can double the initial stake, making it possible for traders with limited capital to achieve outsized gains.
CoinFutures offers Auto Mode, a built-in risk management system that allows users to set stop-loss and take-profit levels before placing a trade. This ensures that trades close automatically when targets or limits are hit, protecting profits and minimizing losses.
Notably, CoinFutures is a no-KYC crypto trading platform. Users can register themselves within seconds and start trading without having to provide any identification documents and wait for hours before approval. This not only saves time but also reduces privacy risks since no personal information is collected or stored
How To Start With Crypto Binary Options Trading On CoinFutures?
Step 1: Download CoinPoker and Create an Account
CoinFutures is powered by the CoinPoker platform. Download the CoinPoker app on Windows or Android (iOS support coming soon) and sign up with just an email and username. No KYC is required, so the process is instant.
Step 2: Fund Your Account
Deposit crypto like BTC, ETH, USDT, USDC, BNB, MATIC, or SOL, or use fiat options such as Visa, Mastercard, Apple Pay, Google Pay, or PIX. There are no fees for deposits or withdrawals.
Step 3: Choose Up or Down
Select the asset you want to trade, then predict whether its price will go up or down within a given period. This simple structure makes binary trading accessible to everyone.
Step 4: Set Leverage
Adjust leverage using the slider, up to 1000x for high-conviction trades. The platform’s bust price calculator shows the exact price at which your trade will close if it moves against you.
Step 5: Enable Auto Mode
Set stop-loss and take-profit levels to lock in gains and limit losses automatically, making the trading experience more disciplined and hands-free.
Step 6: Set Up A Fee Model
CoinFutures charges only a small percentage of profit or a minimal entry fee, with zero deposit and withdrawal charges. Users can select their preferred fee structure before placing the trade.
Step 7: Place and Monitor Your Trade
Confirm the trade, watch price movements, and either close the trade manually or let Auto Mode handle it.
Visit CoinFutures
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