How to Trade Binary Options and Withdraw from Bitlevex

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
 

How to Withdraw from Bitlevex
 

Withdraw funds from your Bitlevex wallet

1. Hover your mouse on the top right side of your screen and press "Transactions" or  press "Profile" and press "Wallet".

2. Choose Withdraw

3. Enter your personal Bitcoin (BTC) wallet address where you want your withdrawal to be sent. 

• When youre withdrawing money in BTC, the calculation will be automatic from $ to BTC amount. The process is manual and can take from 1 up to 72 hours. 
• Additionally, a 5% withdrawal fee will be taken from your account, to cover the withdrawal fees.

How to get a Bitcoin wallet? 

Best for Beginners: Exodus

Exchange wallets: Binance, Coinbase, Kraken

Note

To be eligible for a withdrawal, make sure that your profile is verified to TIER2. Heres a quick tutorial on how to verify your account. 

If youre encountering any issues, please file a support ticket.
 

Withdrawal fees at Bitlevex

Withdrawal

Please note that we may charge a transfer fee to cover the expenses. Currently, withdrawal is only in BITCOIN. 

Fees

5% withdrawal fee

If you have any other additional questions about our withdrawal fees or any other questions about BITLEVEX, please open a support ticket here or open live chat on the bottom right corner of your screen. 

Additional fees regarding withdrawal

If BITLEVEX service is being used as a cryptocurrency exchange, BITLEVEX will process the payment manually, rejecting the previous request, and make a new transaction with a 15% fee included in the payment. For example, A client makes a deposit, conducts no trading activity, and requests a withdrawal. The client will be subjected to additional fees, that have to be paid from the amount requested to be withdrawn. The withdrawal will be paid to the same address, that has been specified on the withdrawal request time. Please contact support if you want to use the service like this.