Don't do binary options. Please don't!
They are a scam! I think that has been well documented on the web by now.
I guess some people just don't care. I don't understand how you don't care if your screwing someone over though.
Not generally but most of them are shady when we do talk about brokers but when it comes to BO i do only trust;
Binary.com
Tradersway.com
IQoptions
I have used this platforms and i dont have any problems with it.When it comes to BO talks then this is indeed somewhat like gambling
if you do just blindly presume on where price would go.
You seem to have a broader knowledge in this business. I personally do not trust the way they work. Most of the time, trading synthetic indices seem to be too much manipulated. How sure are we that the whole thing isn't controlled by the devs of these projects? Is it a fair way?
As long as you play with a trusted broker like the one listed above I think it will be safe. So the way Binary Options work is that you only choose the price to go down or up during the allotted time. If your prediction is correct, the payment is according to the market presentation in the range of 80-90%.
This is the only thing i do complained about these brokers,if you do win a certain bet and they payout 80-85% of the amount had bet in which means brokers do really have that big deduction on each
prediction you would make.Brokers that had been mentioned above are heavily centralized where these are tied up with Forex and stock market tickers and just only add up bitcoin into their list.
When you are just really aiming to have options trading solely for Bitcoin then Betinance.com is a new one.