Binary trading is popular for its fixed payouts and quick contracts but only a few websites offer this trading service for the Bitcoin market. IDS Option is one of those.
IDS Option launched in the last quarter of 2015, bearing the typical setup of online binary options brokers. Its primary target is traders interested in investing Bitcoin, and it does not accept other forms of payments.
This trading platform functions like any other binary trading websites. Therefore, the common tradable assets like currency pairs, index, and commodities are on board. So far, traders can choose from the 34 assets available for various contracts.
IDS Option support both short-term and long-term binary options trading, so expect to find 60 seconds trading. The longest contract that can be bought expires in 24 hours, and this registers the maximum payout rate of 90%. In-the-money 60 second trades can result in up to 75% returns, though. The lowest investment amount is 0.002 BTC and the highest is 1 BTC.
Software Features And Graphics
Present on IDS Option is its clean and intuitive trading platform. Three trading products are on deck, and they are Up & Down, One Touch, and Range. Only Up & Down contracts, however, are available as of writing this review. The other two are expected to become fully functional once the website gets 100% done.
Also making the platform user-friendlier and more professional are the presence of charts updated in real-time.
Players must only provide a username and password to secure an account. Once done, they become eligible to place trades. For security purposes, users can link their email address to their account on the profile tab that can be located on the left. Providing an email address can help save the hassle for users in case they lose or forget their password.
Withdrawals And Deposit
IDS Option promises quick and fluid fund transfers. Bitcoin deposits are automatically credited to your balance, but higher deposit amounts may take up to 30 minutes to be processed. Cashing out, on the other hand, requires six confirmations. This process can reach an hour to be completed. The minimum withdrawal amount is 0.1 BTC and the maximum is 20 BTC on a daily basis.
Traders can reach customer support in two ways: email and live chat support. IDS Option can be emailed through the email available on their website, but concerns demanding prompt assistance may be done through chat with any of their representative.
Pros and Cons
Explore this Bitcoin gambling site’s best features that make it stand out on the market, and take note of the aspects that can still be improved to see how much this site matches your preferences.
- Exclusive for Bitcoin
- Professionally designed website
- Fast BTC transfers
- Engaging environment
- Needs more trading options
- Website still under construction
- Does not support altcoins
- Lacks other trading features
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