Binary Option Is Illegal Trading, Check Complete Here!

Binary Options is one of the most popular trading options among experienced traders. Unfortunately, currently Binary has been banned in Indonesia due to a case several months ago.

Where binary traders were arrested for fraud and money laundering. As a result, many binary traders have changed direction.

Binary Options Are?

Binary options are financial products where the parties involved in the transaction have the option of choosing one of two outcomes at the expiration of the product.

The word "binary" itself comes from the zeros and ones binary with options trading a buy or sell decision. When a binary options product expires, the trader can make a profit if his "guess" is correct and lose capital if he is wrong.

Binary options have been around for years but only became popular in 2008. As technology develops, double digit numbers are increasing among traders around the world.

Binary options trading is a process by which a person will gain or lose on an investment based on accurately predicting the high and low prices and value of the asset. Does the function predict the ups and downs of asset values over a certain period of time?

The answer is yes. Players will predict the increase or decrease in asset value according to a pre-agreed period. 

If he successfully predicts the increase in property values at the end of the period, the player will receive a profit of around 80 percent of the capital. So far, if the prediction is wrong, the player will lose.

Also read: These are Crypto Trading Hours You Should Know, Big Money for Sure!

The Difference Between Binary and Crypto 

After knowing the definition of binary options, here are some differences between binary trading and crypto trading.

In binary trading, the trade size used depends on the capital value. Players can use 5 percent to 20 percent of the trading account balance as capital. When trading crypto assets, use 1 unit of USDT. USDT is a stablecoin equivalent to 1 dollar.

In binary trading, trading fees are around 15-20 percent of the capital paid out if you make a profit. For trading crypto assets, the fee depends on the policy of the trading platform itself, ranging from 0.1 percent to 0.2 percent or more.

For binary, players don't really buy the value of the asset. This is speculation whether there will be an increase or decrease in asset value. This is what determines the profit and loss achieved. When trading crypto assets, players buy value based on the required amount.

In binary, players can invest by transferring money to local banks or credit cards and the like. Currently, to trade crypto assets, players must have a wallet to convert Rupiah to USDT or other crypto assets.

Once you know the difference between binary and buying and selling crypto assets, it is important to know that it is advisable to educate yourself before buying or selling any particular digital asset.

Also read: Understand Crypto Analysis Technical Indicators To Start Trading

So, binary options are an illegal trading method that has been banned in Indonesia due to manipulation and no items to trade. This is very detrimental to society.