IQ Option Bitcoin

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

IQ Option’s Bitcoin

Bitcoin (CFD) is available on the IQ Option platform for a while now. Today, we are going to explain to you how to trade bitcoin on IQ Option. We will also cover, what trading conditions IQ Option traders have when trading BTC with this broker.

IQ Option’s Bitcoin

In order to trade Bitcoin with IQ Option, you first have to open an account. It can be either a demo or a real account, with both account types you have access to BTC along with several other cryptocurrencies that the broker features on the platform. A demo, as well as a real account, can be opened by using the following link which redirects you directly to the IQ Option crypto section.

  • Website:https://iqoption.com/en/bitcoin (87% of retail CFD accounts lose money.)

How to trade Bitcoin on the IQ Option platform

At IQ Option, you can buy the Bitcoin as a CFD product. Here is a guide on how to do just that:

From the main menu choose trading Crypto (CFD) and as the currency of your choice pick Bitcoin

Decide how much money you want to invest in Bitcoin

Select whether the Bitcoin price will go up or down

Once you create your trade, you can monitor it in the tab “open positions”. Bitcoin is the most popular cryptocurrency on the IQ Option platform. However, other currencies have also great potential. IQ Option offers now the following 9 altcoins: Bitcoin Cash, Dash, Ethereum, Litecoin, OmiseGO, Qtum, TRON, Ripple, ZCash.

Bitcoin leverage on the IQ Option platform

The available leverage at IQ Option differs on whether you are based in a regulated or non-regulated country. The general rule of the thumb is that European traders can trade 1:2 leverage, while traders from other jurisdictions can trade with up to 1:50.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

IQ Option Bitcoin Spreads and overnight fees

The spread changes on Bitcoin at IQ Option according to the current market conditions and the selected leverage. As of now (02.10.019) it hovers somewhere around 2.5% per BTC coin. The overnight fee is on buy position -0.065% and on sell position +0.015%. IQ Option updates these fees every Monday.

Guide to Trading Bitcoin on IQ Option

Bitcoin is the most popular cryptocurrency in the world today. Cryptocurrencies are digital currency. Their main advantage is that there’s no central authority controlling them. Bitcoin is also very scarce making it quite valuable. At its peak, 1 BTC was worth well over $19000. But today, this value has dropped to around $10000.

This makes Bitcoin one of the best assets to invest in. IQ Option offers traders the opportunity to invest in Bitcoin among several other cryptocurrencies. This guide will teach you how to trade BTC. However, the principles explained can still be applied to other cryptocurrencies offered on the platform.

Cryptocurrencies offered on IQ Option

Currently, IQ Option offers a total of 20 cryptocurrencies and tokens. Among these are leveraged cryptocurrencies. For example BTCx100 simply means Bitcoin with a 100 times leverage applied. Leveraged cryptocurrencies provide the opportunity to multiply your profits. However, they also increase the risk of incurring huge losses on losing trades.

Getting started with Bitcoin on IQ Option

To set up a Bitcoin trading chart, click on the select asset tab at the top of your trading interface. Then select crypto. Finally select Bitcoin.

Terms you need to understand when trading cryptocurrencies on IQ Option

Spread : This is simply the difference between the Ask price and Bid price on IQ Option. This is similar to spreads applied to forex.

Multiplier: This is leverage applied on a specific cryptocurrency. For example BTCx100 has a leverage of 100 times. This means that your trade investment is able to control Bitcoins of 100 times it’s value. That is, if you invest $100 in a BTCx100 trade, it’s the same as investing $10000 on the regular BTC.

Change: This is simply an indicator of whether the cryptocurrency’s value has been rising or decreasing over the past day. It should give you an idea of whether to enter a buy or sell position.

Is Bitcoin a safe asset to invest in?

For short term traders – no. In its early years, Bitcoin and other cryptocurrencies experienced high volatility. The Bitcoin value would double or even triple in a matter of days. Today, its value has stabilized although there are periods of high volatility.

For long term traders wishing to hold position for several hours or even days , Bitcoin makes a good asset to invest in.

If you take a look at the 1 hour interval chart below, Bitcoin doesn’t experience major price movements. However, once a trend is adopted, there’s an opportunity to make hundreds of dollars in profit over a short period of time.

When trading Bitcoin or any other cryptocurrency on IQ Option, it’s therefore important to focus on long term trading.

It’s worth noting that IQ Option will charge an overnight funding fee. This is a small fee charged to your account if your trading position remains open overnight.

Trading Bitcoin on IQ Option

One easy way to trade Bitcoin is by using support and resistance. As mentioned before, BTC prices usually remain within a range before a trend finally develops. It can remain within this range for hours or even days. This makes it easy to identify strong support and resistance zones in your chart.

The good thing about Bitcoin is that once the support or resistance level is broken, the developing trend is usually strong.

When drawing your support/resistance levels, it’s advisable to use the 1 hour interval candles chart like the one below.

Next, switch to a 15 minute candles chart. This will make it easier to identify prices when they’re about to break the support or resistance.

Using the chart below, you’ll notice that the price starts to break out of the resistance indicating an impending uptrend. You should wait until the candles close above the resistance. Then enter position lasting 1 to 3 hours.

Still using the chart below, you’ll notice that the price of Bitcoin increases from about 3350 to 3500 over a 3 hour period. That’s about $150 in profit.

Trading Bitcoin and other cryptocurrencies on IQ Option can be lucrative even for beginner traders. Unlike options trading Bitcoin actually means that you have control over the asset. The only disadvantage to trading Bitcoin is that it takes sometime before an apparent trend develops. In addition, it’s best suited for traders who want to hold position for a long time.

Now that you’ve learned the basics of trading Bitcoin on IQ Option, head over to your practice account and try this crypto out. Share your results in the comments section below.

How useful was this post?

Click on a star to rate it!

Average rating 4.7 / 5. Vote count: 51

No votes so far! Be the first to rate this post.

As you found this post useful.

Follow us on social media!

We are sorry that this post was not useful for you!

IQ Option Bitcoin

IQ Option Bitcoin

One of the most famous brokers in the world, IQ Option, has recently expanded its offer quite a lot. There are now many new trading options on their website to choose from and many different types of trading to enjoy. Hardly surprising, because this company is well known to binary options traders for keeping up with the latest trends. Now, however, everyone will be able to see why these guys have grown so much in such a short amount of time. Among the latest additions to their offer are cryptocurrencies, so you can now make IQ Option Bitcoin investments and much, much more. Stay with us and learn everything about these new and attractive features.

IQ Option Bitcoin | Simple and quick trading

Yes, from now on IQ Option Bitcoin trades are also possible, which is another new way of trading after the broker introduced Digital Options to its website. Now, Bitcoin is a very popular virtual currency and more and more people are using it these days, which has caused its value to spike this year. Many traders are investing in it and making some lucrative deals, so the number of brokers offering this as a tradable asset is also increasing. There is no doubt that Bitcoin is going through a great period right now and all serious traders should get in on the action as quickly as possible. One click and one dollar in your trading account are the only things you need to open your Bitcoin trade with IQ Option. But when it comes to virtual currencies, this is not the only choice you have here. Read on and see what else you can trade!

IQ Option Cryptocurrency Trading

IQ Option Bitcoin | Other possibilities

Apart from investing in Bitcoin, from now on you can also invest in two other cryptocurrencies with IQ Option. Yes, IQ Option Etherium and Litecoin trades can also be opened! Although they are not as popular as Bitcoin, these two cryptocurrencies have also benefited from their counterpart’s rise, which resulted in more traders turning to them, too. The same rules apply here, meaning that the minimum investment you need to make is 20$ for CFDs and forex trades, one dollar for binary and digital options and 30$ for fx options, and all those trades can be opened with a simple click. Additionally, it is also very easy to perform a detailed analysis, thanks to a big number of indicators and similar tools at your disposal here. With this broker, you will be able to join the latest trading trends with ease.

IQ Option CFD Trading Platform

IQ Option Bitcoin | Conclusion

IQ Option Bitcoin trades are just a part of the company’s latest market offensive which includes loads of new trading options. Still, we thought that this particular innovation simply had to be mentioned separately because this is one of the biggest trading crazes of this year. From now on, you can trade cryptocurrencies too, but with the lowest financial requirements in the whole trading industry. It’s really easy and quick, so even complete beginners will be able to start investing after just a few seconds. Open an account with IQ Option right now and prepare for a completely new trading experience!

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

DISCLAIMER: Binary options are prohibited in EEA.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

Like this post? Please share to your friends:
All About Binary Options Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: