Binary options are a highly effective way for fast moving traders to generate a significant amount of profit in a short period of time. Recently, the crypto market has begun to connect to the binary options ecosystem, with many binary options brokers beginning to both accept cryptocurrencies and provide cryptocurrency trading options.
Binarycent, a relatively popular binary options broker, has recently begun to accept a wide range of cryptocurrencies as both deposit and payment methods, as well as offer crypto currency trading options. The platform has now shifted to cryptocurrencies, and now offers trading on Bitcoin, Bitcoin Cash, Monero, Ethereum, Litecoin, and more.
In this article, we’ll take a look at the Binarycent platform and find out what it offers to help you determine whether it’s the right binary options and crypto trading platform for you.
What Is Binarycent?
Binarycent is a recent addition to the market, and launched at the beginning of 2017. Owned by Finance Corp, the Binarycent platform is based in Vanuatu, and is operated by Cent Projects LTD. Importantly, Binarycent offer direct contact phone support numbers, which is a key factor in the binary options market.
Binarycent provides users with the same proprietary software that is used by the BinaryMate broker platform. Three types of options are available via Binarycent: Turbo, Intraday, and Long-term options. Turbo options are split between half-minute, 1, 2, 5, 10, 15, and 30 minutes. Long term options operate on a weekly basis.
It’s important to note that Binarycent has a minimum deposit of $250 for new accounts, and a minimum trade size of $0.10. The minimum withdrawal size is limited to $50- but reviews around the net show that Binarycent has withdrawal issues.
According to the Binarycent platform, new traders are provided with bonuses of up to $5,000 USD, which functions as a 1:1 match to the deposited amount.
Does Binarycent Pay?
Binarycent has mixed reviews online regarding whether it pays out or now. Many complaints regarding difficulties withdrawing from Binarycent are centered around the terms and conditions associated with the bonus amount. In order to withdraw from Binarycent, it’s necessary to possess a trading volume of 20 times your initial deposit amount.
There are still a number of reviews that state Binarycent is conducting less than savory business practices, such as the following:
“I made a deposit of 300usd and I made over 800usd profits in a week. I made a withdrawal and they only paid back my initial deposit and blocked my account!”
As with most binary options brokers, it’s important to perform your due diligence and determine whether you believe it’s a good investment or not. Binarycent has mixed reviews, but is a registered binary options broker, so it’s impossible to determine at this stage whether they pay out or not.