Cryptocurrency is a digital asset. It is a medium of exchange for initiating and executing financial transactions using cryptographic functions. The events that led to the development of cryptocurrencies are long and interesting. It dates back to 1983, when cryptographer David Chaum came up with the idea of ​​electronic payments and the invention of DigiCash. However, the first official cryptocurrency did not appear until 2009, when Bitcoin was created by pseudonymous developer Satoshi Nakamoto. Bitcoin followed a flood of other cryptocurrencies with the creation of Namecoin and Litecoin in April and October 2011 respectively. There are over 5,000 cryptocurrencies today. Many others are still under development. Their total market cap is at least $200 billion, with Bitcoin and Ethereum being the largest contributors. The rise and popularity of binary options and cryptocurrencies has provoked mixed reactions. For many traders, for example, binary options are the perfect speculative product, while cryptocurrencies are a more efficient value proposition than fiat currencies. But for regulators, this is a food to watch with a falconer's eye. Binary options and cryptocurrencies have several features. Some have come under regulatory scrutiny, while others have caught the attention of traders and investors. As a purely speculative contract, binary options have a validity period of 30 seconds to a month, with a fixed payout of up to 92% of the amount invested in the trade. A standard type of binary option is to predict whether the price of a particular underlying instrument will rise or fall. However, more types of binary options have emerged, including no-touch, double-touch and double-touch binary options. For example, a one-touch binary options trade is considered successful when the underlying asset's fixed price is reached. On the other hand, the most important features of cryptocurrencies are: devolution Cryptocurrency is completely decentralized. However, this transfer must be defined. This is a political and architectural transition. They are politically divided in the sense that they are not under anyone's control, and their architectural dismantling stems from the fact that they are not responsible for the infrastructure. This delegation feature helps spread power. Unlike fiat currencies, which can be created and influenced by central banks and governments, cryptocurrencies are logically centralized, ensuring complete independence from any individual or government. This reduces the chance of failure and protects against attacks. immutability Blockchain is the technology of cryptocurrency and all cryptocurrency transactions are registered here. Nothing has changed completely in this regard. This means that not all committed transactions can be undone. This feature has interesting implications. For example, you are the only person who can move money as long as your data is not compromised. As elements of centralization and trust are removed from operations, cryptocurrency transactions cannot be influenced by third parties and no one needs to be trusted. As a result, it is very difficult to change the cryptocurrency trading ledger. trust Cryptocurrencies have successfully solved the trust problem associated with the use of traditional currencies. Because they are unreliable, there is no central authority to support them with their full faith. While trust contracts have their advantages, they also make traditional currencies rigid and vulnerable to the whims of those in power. Instead, the blockchain system works in such a way that no one needs to trust anyone before a transaction is completed. Everyone in the ecosystem has a copy of the ledger to verify all transactions. It also offers the benefit of transparency. Binary Options Trading in Bitcoin There are many ways to trade cryptocurrencies, but the two most popular are contract for difference (CFD) and trading coins directly on cryptocurrency exchanges. Otherwise, you may not be able to replace it immediately. This is where learning binary options can really help. There is no need to directly buy or sell cryptocurrencies. Instead, simply buy or sell the underlying binary options. However, whichever method you choose, it is important to understand the basic concepts of trading, such as: In cryptocurrency trading, the beep is the minimum amount a given coin can move into value. For example, cryptocurrencies between $200 and $201 moved 1 point. A pip can also be measured in hundred or a portion thereof. To standardize cryptocurrencies, they are traded in batches. Many are batches of specific crypto units being bought and sold at the same time. To purchase certain cryptocurrencies, you need a “wallet” for storage and a user account on the exchange where it is traded. To trade cryptocurrency, you do not need to specify the exact monetary value of the item you want to trade. Instead, you can trade with leverage. Leverage is a profession that allows you to trade large amounts of cryptocurrency without paying in full. Binary options and cryptocurrencies are new, but still subject to similar forces affecting the price of traditional financial assets. Ultimately, any form of financial transaction changes demand and supply market dynamics. So you can make informed trading decisions in one or two ways. Binary options and cryptocurrency traders also perform basic analysis when stock traders analyze a company's earnings and forex traders look for changes in certain economic indicators. However, especially given the decentralized nature of cryptocurrencies, traders do not have to worry about most political and economic events that traders using other tools should be concerned about. But they still have other issues to deal with. News of regulatory updates, security breaches and some financial hurdles are also affecting the cryptocurrency market. For example, news about how a particular coin can be successfully integrated into an existing system can drive up its price. Conversely, negative market conditions can reduce the perceived value of a coin.