How to Deposit and Trade Binary Options at Bitlevex

How to Deposit at Bitlevex

 

Minimal requirements for deposits:

The minimum deposit amount at BITLEVEX is starting from 10$ using Credit card, Unlimint (Credit card method), Local methods, WebMoney or BTC and many other cryptocurrencies.

There may be additional minimum deposit amounts using other cryptocurrencies, because the service is being provided by Changelly. Additional information about minimum amounts can be found here : https://changelly.com/faq#what-is-the-maximal/minimal-amount?


To deposit funds into your wallet:

1. Login into your BITLEVEX account. 

2. On the top of the website press, the "Top up" button and a pop up will appear. Or choose "Transactions" in your logged-in account and press deposit.

3. Select your desired currency of deposit and based on your desired method a different form will be available to enter detailed information about the amounts which you desire to add. Currently, only BTC, Credit card(VISA, Mastercard) and Unlimint (VISA, Mastercard) , Webmoney, and up to 165+ different cryptocurrencies are accepted with the cooperation with "Changelly"

1.If you have chosen a credit card payment and entered all details correctly it can take up to 1 minute when your funds arrive into your account.

2. If local method is chosen, please select the method youre using in your country and complete all the required steps.

3. If BTC is chosen, there has to be at least 3 block confirmations to receive funds into your account. (The BTC will be automatically converted to $ accordingly to the price of the asset upon when it arrived)

4. If you wish to deposit with other cryptocurrencies, please choose the one you own, and complete all the requirements. (Using this method, your cryptocurrency will be automatically converted to BTC and sent as a BTC deposit). All transactions that are being transferred with this method is with cooperation with our partner "Changelly".
 

How to Trade Binary Options at Bitlevex
 

How to Open a Trade

In the top-left corner of the dashboard, you can track the current asset price and its trend.

The candle chart helps you explore historical BTC price performance in different timeframes. There are also several tools and indicators you can use to analyze future price movements.

This section enables you to construct custom option trades based on the parameters that you select. Lets see what we got here!
If you speculate that the price of Bitcoin will increase, select the CALL option. On the contrary, if you believe that the price will drop, choose a PUT option.
Indicate the margin (multiplier) by which you wish to execute the trade. Note that higher leverage is riskier, but often more rewarding.

Please note, when choosing time maturity, it does not mean, that you need to wait until the end of maturity. You can start selling after 5 minutes from the option purchase.
Place an amount that falls within the upper and lower limits, as specified in the box.
Press this button to lock in the selections made above and purchase your option.
Follow your active option trades and track their performance through multiple data points.

You can also see a history log with your previous trades by clicking on the HISTORY tab on the top-right corner of the table.

Our platform integrates with TradingView to offer trading signals across different timeframes. This helps you improve your trading decisions.

The order book helps you see what options other users are placing, as well as the current overall trend between PUTs and CALLs on the platform.

What is Options Trading?

What are Options? 

Options are contracts that give the bearer the right, but not the obligation, to either buy or sell an amount of some underlying asset at a pre-determined price, referred to as the strike price, at or before the contract expires.

Each option contract will have a specific expiration date by which the holder must exercise their option. The stated price on an option is known as the strike price.

Call and Put Options:

• A call can mean two things. It can refer to an option contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying security at a specified price within a specified time. It can also refer to a call auction, a time when buyers set a maximum acceptable price to buy, and sellers set the minimum satisfactory price to sell a security on an exchange. Matching buyers and sellers in this process increases liquidity and decreases volatility. The auction is sometimes referred to as a call market.
• A put is an options contract that gives the owner the right, but not the obligation, to sell a certain amount of the underlying asset, at a set price within a specific time. The buyer of a put option believes that the underlying stock will drop below the exercise price before the expiration date. The exercise price is the price that the underlying asset must reach for the put option contract to hold value.

What is an Expiration Date?

An expiration date in options is the last day that an option contract is valid. On or before this day, investors will have already decided what to do with their expiring position.

Before an option expires, its owner can choose to exercise the option, close the position to realize their profit or loss or let the contract expire worthless.

What is an Option Premium?

An option premium is the current market price of an option contract. It is thus the income received by the seller (writer) of an option contract to another party.

European and American options

The European options can only be exercised on the expiration date, not before.

The American options can be exercised on or before the expiration date.

At the moment, we only consider European options

The price (premium) for the European options contract shall be calculated using a variation of the Black Scholes Model, see https://www.investopedia.com/terms/b/blackscholes.asp