The Crypto Options Market
The crypto industry has been growing rapidly recently, and crypto binary options sites have emerged as a popular way to trade digital assets. There are many trading platforms to choose from, and it can be not easy to know which one is best for you.
To help you make the right choice, we’ve compiled a list of the top crypto binary options brokers. We’ve considered factors such as ease of use, security, fees, payouts, minimum deposit, bonuses, and Supported cryptocurrencies.
We hope this 2022 guide will help you find the right crypto binary options broker for your needs.
Best Crypto Binary Options Brokers
- Focus Option – Best Binary Broker for Crypto Options.
- Pocket Option – Best Binary Broker Overall.
- Deriv (Binary.com) – Best Reputed & Multi-Regulated Broker since 1999.
- IQOption – Best Advanced Binary Options Platform.
- RaceOption – Best Payouts for Crypto Trading.
Overview
#1 Focus Option – Best Binary Broker for Crypto Options.
Focus Option is a young binary broker, created in 2022. Nevertheless, it has managed to gain the trust of many crypto traders in a very short time.
The main features that Focus Option offers are a $10,000 free Demo account, over 80 cryptocurrencies to trade including Bitcoin, Ethereum, Litecoin, etc., as well as over 140 instruments to trade: binary options and CFDs. Withdrawals are quick and there is no commission on deposits and withdrawals. You can deposit via Bitcoin and Altcoins. The focus option has high payouts of up to 95%.
What makes FocusOption stand out among other binary brokers is the focus they put on cryptocurrencies, customer service, and satisfaction. The support team is available 24/5 and ready to help with any issue a trader might have.
Focus Option is definitely a broker worth trying, especially for those who are looking for a new, reliable and user-friendly crypto binary options broker. Try Focus Option today!
Pros
- Over 80 cryptocurrencies to trade.
- The minimum deposit is only $10.
- Simple trading platform with multiply expiry times from 30 sec.
- Up to 95% payout in crypto options.
- Fund your account via Bitcoin and Crypto.
- Withdrawals are processed within 24 hours.
Cons
- Free demo accounts are limited to 30 days.
Min. Deposit: $10
Crypto Assets to trade: 81 (Bitcoin, Ethereum, Cardano, Avalanche, Aave, Solana, Binance Coin, Litecoin, EOS. Bitcoin Cash, EOS, Polkadot, Link. Theta, Terra, Tron, Uniswap, Vechain, Stellar, Monero, Tezos, Dogecoin, 1Inch, Alpha Finance, Ankr, Cosmos, Polygon, ZCash, ..and much more ).
Min. Trade: $1
Max. Payout: 95%
Deposit Bonus: Not
Free Demo: Yes, a 30-day practice account
Restricted Countries: Not confirmed.
Regulation: Not.
Full Focus Option Review
Your capital is at risk#2 Pocket Option – Best Binary Broker Overall.
PocketOption has a lot to offer traders. Their $10,000 demo account is a great way to test out their platform and see if it is the right fit for you. They also have a wide variety of assets to choose from and are licensed by IFMRRC. The pros of using this binary options platform include its 50% deposit bonus, no deposit and withdrawal commissions, and a maximum payout of 96%. Overall, they are a reliable broker with a lot to offer traders.
When deciding if PocketOption is the right binary options broker for you, it’s important to consider your trading goals and objectives. If you’re looking for a wide variety of assets to choose from, a social trading platform to copy from top traders, and a demo account to test out the platform, then Pocket Option may be a good choice. However, if you’re looking for a broker with many crypto assets to trade, then you may want to consider another option.
Pros
- Over 25 cryptocurrencies as deposit methods.
- Quick withdrawals.
- Get a 50% deposit bonus
- Social copy trading platform.
- All Ttaders accepted (including US, Australia, and EU-UK).
Cons
- Only 3 crypto assets to trade
- Not Metatrader is available.
- Min. Deposit: $50
- Crypto Assets to trade: 3 (Bitcoin, Ethereum, and Dash).
- Min. Trade: $1
- Max. Payout: 96%
- Deposit Bonus: Yes, Up to 50%.
- Free Demo: Yes
- Restricted Countries: None
- Regulation: Not. It’s licensed by the international organization IFMRRC.
See our in-depth PocketOption review.
Your capital is at risk#3 Deriv (Binary.com) – Best Reputed & Multi-Regulated Broker since 1999.
DERIV (Binary.com) is a large, reputable, and well-regulated broker offering a fair trading experience to its clients. With over 2.5 million customers around the world and 12 office locations, they are one of the most reliable trading brokers in the industry.
They offer a wide range of instruments to trade including forex, cryptocurrencies, synthetic indices, stocks, and commodities. Their MT5 platform (DMT5) is available for CFD trading, and they provide 1:2 leverage in crypto trading, with leverage up to 1:1000 (depending on the regulator you choose).
In addition, They provide a free demo account with unlimited virtual accounts to its clients. 24/7 customer service is available to support any inquiries.
DERIV is a great choice for both beginners and experienced traders looking for a reliable broker with a wide range of features.
Pros
- +25 crypto pairs to trade.
- Multi-regulated broker.
- $5 minimum deposit.
- 3 trading platforms available: DTrader( webTrader), DMT5 (MT5), DBot (Automated Trading), and SmartTrader (binary).
- 1:2 beverage in crypto CFD trading.
Cons
- They don’t provide services to clients in the United States, United Kingdom, Canada, and Hong Kong (* See full list below).
- Min. Deposit: $5
- Crypto Assets to trade: 25 (Algo, Ada-Cardano, Bitcoin, Ethereum, BNB, BCH, Dogecoin, IOTA, Link, Litecoin, NEO, OMG, Solana, Terra, XRP,…)
- Min. Trade: $1
- Max. Payout: 100% (binary options)
- Deposit Bonus: Not
- Max leverage: 1:1000 (CFDs)
- Free Demo: Yes
- Restricted Countries: USA, Canada, Hong Kong, Israel, France, Malaysia, Malta, UAE
- Regulation: Yes. Malta, Labuan (Malaysia), British Virgin Islands, Vanuatu, and Saint Vicent and The Grenadines.
Go here for our in-depth review of Deriv
Risk Warning: Your capital could be at risk#4 IQOption – Best Binary Options Platform
IQ Option is a leading global trading platform with around 50 million registered users around the World.
The platform is easy to use and has a wide range of features, including a mobile app, that makes it accessible and convenient for traders on the go
The platform was launched in 2013 and offers over 12 cryptocurrencies to trade, as well as CFDs on currencies, stocks, indices, and ETFs. They also offer binary and digital options to non-EEA clients.
They have a $10 minimum deposit and offer 24/7 customer support in 15 languages. The maximum payout is 100%*.
IQOption offers a wide range of features and benefits that make it an attractive option. The $10,000 free demo account is a great way to get started and learn the ropes without risking any real money.
Overall, IQ Option is a great choice for both new and experienced traders looking for a reliable and robust trading platform with advanced tools such as stop-loss, charting tools, and technical indicators.
Pros
- 12 cryptocurrencies are offered.
- Over 250 Instruments to trade including CFDs (cryptos, currencies, commodities, indices, stocks, and ETFs), digital, and binary options.
- Up to 100% payout *
- You can start with a $10 deposit.
- Strong advanced trading platform with stop loss tools.
Cons
- They are restricted to many countries. (* See full list below).
- The free demo is limited to $10,000 virtual money
- Min. Deposit: $10
- Crypto Assets to trade 12 (Bitcoin, Ethereum, Ripple, OmiseGO, Cash, EOS, TRON, Bitcoin Cash, Qtum, Litecoin, Dash, Ethereum Classic).
- Min. Trade: $1
- Max. Payout: 100%*
- Deposit Bonus: Not
- Free Demo: Yes
- Restricted Countries: US, UK, Canada, Australia, Spain, Belgium, Czech Republic, Portugal, Switzerland, Japan, Israel, Ukraine, and Russia (See full list in our review)
- Regulation: IQ Option LLC Not Regulated. In the European Economic Area, iQOption Europe Ltd is regulated by CySEC.
*in case of correct prediction
Check our in-depth IQ Option review
Risk Warning: Your capital could be at risk
#4 RaceOption – Best Payouts for Crypto Trading
RaceOption is a binary options broker launched in 2017 and operated by Makerun Corp, a company based in the Marshall Islands.
They offer a good variety of assets and trading options. They offer traders a variety of features such as good weekend trading, crypto payouts, a copy trading tool, quick withdrawals, and 24/7 customer support. Furthermore, they also offer a weekly trading contest with a prize pool of up to $20,000.
They also offer a selection of crypto assets, although not as many as some other brokers. The maximum payout is solid at 90%. Overall, RaceOption is a good choice for crypto binary options trading.
Pros
- Up to 70% payouts for crypto trading.
- Quick withdrawals.
- Weekend trading.
- Copy-trading tool.
Cons
- The minimum deposit is $250
- Free demo available only upon request.
- Few crypto pairs to trade.
- Min. Deposit: $250
- Crypto Assets to trade 2 (Bitcoin/USD, Bitcoin/CNY).
- Min. Trade: $1
- Max. Payout: 90%
- Deposit Bonus: Yes, up to 100%.
- Free Demo: Yes, but upon request.
- Restricted Countries: None.
- Regulation: Not
Read more in the full RaceOption review.
Your capital is at riskBinary Options Brokers Comparison
*In case of correct prediction
How to choose the best Crypto Options Broker:
How do you choose the best crypto binary options broker platform for you? Here are a few things to consider:
- The platform’s fees and commissions: Make sure you understand what fees you’ll be charged when you trade, and compare the rates across different platforms.
- The types of assets available: If you’re only interested in trading Bitcoin, then any platform that supports crypto assets will do. But if you want to trade a wider range of crypto assets, then make sure the platform you choose offers the coins or tokens you’re looking for (e.g.: Ethereum, DogeCoin, Shiba Inu,..)
- The platform’s interface and user experience: You want a platform that’s easy to use and navigate, with clear instructions on how to place trades.
- The broker payout: It’s the percentage of the option’s purchase price that the broker will pay out if the option expires in the money.
- The platform’s reputation: It’s important because it can give you an idea of how reliable and trustworthy a broker is.
- Minimum Deposit: it’s the amount of money that you must deposit to trade binary options. From $5 deposit with Deriv to $250 with RaceOption.
FAQs
Can I trade crypto on binary?
Yes, you can trade cryptocurrencies on binary options platforms. Also, most platforms accept deposits in cryptocurrencies, and some even allow you to trade directly from your crypto wallet. Make sure to do your research before selecting a platform, as not all are created equal.
Be sure to read the terms and conditions of any platform you choose, as there may be restrictions on which currencies you can trade or minimum deposit requirements. Also be aware that cryptocurrency prices can be highly volatile, so make sure you understand the risks involved before trading.
Does Coinbase and Binance offer binary options?
No, Coinbase and Binance do not offer binary options. They are exchanges for buying and selling cryptocurrencies.
Can I Make Money From Crypto Binary Options?
Yes, you can make money from trading crypto binary options. While there is always risk inherent in any type of investment, with binary options, you could potentially see returns of up to 100%. Of course, as with any investment, it’s important to do your research and understand the risks before getting started. But if you’re looking for a way to trade cryptocurrencies with the potential for significant profits, binary options may be worth considering.
How crypto binary options work?
A binary option, also known as a digital option, is a type of option in which the payoff is either some fixed monetary amount or nothing at all.
When you buy a binary options contract such as Bitcoin you are predicting whether the price of that crypto asset will be above or below a certain price at a certain time in the future. If your prediction is correct, you receive the predetermined payout; if it’s incorrect, you lose your investment.
Crypto binary options contracts are typically bought and sold on an exchange, just like stocks and commodities. However, they can also be traded over-the-counter (OTC).
