Understanding Binary Options in Crypto Trading: Simple and Straightforward

Binary options on cryptocurrencies are straightforward financial instruments that revolve around predicting the short-term price movement of an asset. The process involves selecting a cryptocurrency pair, noting its current price, and then predicting whether the price will rise or fall within a predefined timeframe, such as one minute. Correct predictions reward traders with a fixed profit margin, typically between 70% and 90%, while incorrect predictions result in losing the invested stake.