Bitcoin is the most popular virtual currency. It has gained great fanfare over the last year when is rose to a value of over $1100. Of late the cryto-currency has settled at a price range of between $600-700. Over the last few years it has become a favored way to perform many online transactions. It offers a level of anonymity that other methods of payment do not. The extreme volatility of Bitcoin make it very attractive to traders. Binary Options brokers began offering Bitcoin as a trading asset in early 2013.
The following is a list of the top Binary Options Bitcoin Brokers:
- First Major Broker to Accept Bitcoin for deposit
- Trade Bitcoin/USD Option
- Free eBook and Education Center
- Bitcoin Trading Platform
- Profit up to 190%
- EU Regulated
What is Bitcoin?
Bitcoin are not actual coins, but a computer code that is stored in a digital wallet. It was created by developers in 2009 with a production target of 21 million bitcoins by the year 2140. The program consists of what called a digital block which needs a special equation to open it. Equations are solved with great levels of computing power. As the box is opened bitcoins are released. The process of extracting the coins is called mining. The equations become more and more difficult as time goes on, thus requiring greater computer power for the mining.
The price of bitcoin began at a modest value of only $.30 per coin and had its first major price jump in 2011 when it rose to $32 before dropping to $2. The recent price surge to a value of over $1100 per coin has drawn world attention to this virtual currency.
Many government financial agencies are trying to determine how to best regulate bitcoin as it has clearly become a form of currency recognized both for online and real purchases.