1xbit.com Binary Options Review
Making money out of Binary Options is a serious thing that a lot of people get themselves into today – but of course it is risky. And with the number of websites that provide binary option trading services, it isn’t that hard to start buying and selling options! But as we all know, if it’s something that is common, chances are that there would be a lot of scam websites as well. Since binary options make people a lot of money, there would always be someone in between trying to take advantage of it. This is the reason why binary options are often taking flak for something that isn’t intentionally for them.
Binary Options is about predicting the price of stocks, commodity, or currencies going up or down. If you are good with that, then you might just love stacking up money with your wins. Today, we will be looking into one website that is interestingly not part of the “trading” scene but takes the opposite road instead. Without further delay, let’s talk about that!
About 1xbit.com
1xbit.com is one and if not, the best Bitcoin sportsbook and online casino website today. They provide regular casino games from famous game providers and list a ton of sporting events like football, basketball, baseball, ice hockey and eSports! Currently you won`t find arcade games at 1xbit, visit LNarcade.com if you like these. You might be wondering, is this title wrong? Definitely not! The website not only provides sports gambling and table games to enjoy but they also provide binary options “gambling” as well! What’s awesome about this website is that they have been operating since 2007 and still continues to be strong up to this day.
The website has not only taken care of the business itself but their customers as well. How can a website survive for this long without taking any beating from their customers? The answer is simple; they go beyond the normal betting experience and make sure their customers are happy! They accomplish this by providing the best options for their customers to choose from and are always on the lookout for things that a gambler would love to have. The website is not only there to provide gambling services, but they exist to provide the whole experience by providing every gambling options they can think of.
The website might not be under any regulations compared to other websites that offer binary options trading but they do have a solid reputation to back their legitimacy. As mentioned earlier, they have been doing this for a very long time and haven’t had any major issues in the past. What more can you ask from a gambling website? Not only that, they also provide a lot of customer service channels that we will be discussing later on in this review.
Account creation
Creating an account with 1xbit.com is not a challenge at all and is far easier than your regular trading website. Since this is a gambling website that promotes anonymity, you wouldn’t be asked anything but your active email address. Here they have what is called the “one-click” registration wherein you just choose the currency you want your account to start with and provide your active email address and you will be redirected to the account page almost instantly. What about passwords? You will be able to add a password to your account right after being logged in to provide security to the newly created account. On the other hand, you can always go for the regular registration where you provide your active email address and the password for the account that you will be making.
1xbit.com’s Binary Options
Now that we’ve talked about 1xbit’s background and how to create an account, it would be the perfect time to move forward and talk about the available Binary Options they have in this website and how to get started. After creating an account, click the FINANCIALS tab located in the upper part of the website interface. This will then let you choose between “Financials” which is the Binary Options or FOREX. Their FOREX tab might have issues when we were writing this review because we kept on getting an error message that the service is not available and we apologize for that.
Shown in the screenshot above is their “Random” Binary Options trading window which you will be seeing once you click on the general tab. It’s pretty straightforward and it wouldn’t take that much of your time just trying to figure out which buttons to click in order to get a bet going. The graph shows the chart of the rates within five to one hour. Right beside that is the table where you will be able to choose your options and by clicking any of the chosen positions, the bet tab will automatically appear on the right-hand side of the page.
The bet slip contains everything that you need to know about your position. Enter the stake amount then the betting slip will calculate your potential winnings from the bet placed. Below that would be the “change of odds” tab where you will be able to change between three options to Accept any change, Accept if odds increase, or confirm any changes. After everything has been entered, you will be able to place a bet and this will appear under the “MY BETS” tab located in the upper part of the bet slip.
The use of “Bull” and “Bear” animal reference in the trading world isn’t new. The reason why these animals are being used as trading terms is that of how they attack their opponents. A bull would typically charge against their opponent and uses its horns to thrust them up into the air. In comparison to the trading world, this means that the movement is going up. On the other hand, when a Bear attacks its opponent, it uses its gigantic paws with a downward momentum. And if you translate that to the market, this is when points start to plunge.
The screenshot shows all the random Bears that you will be able to place bets on. Just like the earlier screenshot, you’ve got the same layout for everything which makes it easier to transition from one tab to another without the risk of confusing yourself.
The Random Bulls screenshot shows exactly the same layout with the previous ones mentioned but with a little addition of the “Betting Zone” or the time wherein best can be placed. The areas colored in blue is where you will be able to place bets and the one colored in red is the “No Betting” zone or where the bets are closed. The corresponding time is shown on the lower part of the graph to make it easier for you to calculate each window of opportunity.
1xbit.com Features
One of the best features this website has to offer is their ability to provide anonymous account creation. As mentioned earlier, it is so easy to create an account here that you will be finding yourself placing bets on the next “Bull” within the next five minutes of registering with the website. Of course, please do not forget that the website is a fully-pledged gambling website which means that if you ever get tired of playing Binary Options then you can go to their casino website or sportsbook! Other casinos for crypto fun games like slots or similiar are listed here or on the well known website BitcoinCasinos.reviews.
How to deposit and withdraw money from 1xbit.com
As you might have noticed by now, the website only transacts with crypto. This means that everything that goes in and out of the website is pure crypto and there are no Fiat deposit/withdrawal methods available. Here you will be able to deposit and withdraw Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, Monero, ZCash, GameCredits, NEM, Bytecoin, Sibcoin, DigiByte, Bitcoin Gold, Bitcoin Cash, Ethereum Classic, function, BitShares, and xGOx.
Customer Service
Customer service is excellent and since they provide email and live chat support. It would have been a lot better if the website provided us with a phone number to contact for faster resolution but this is all that they have and their live chat agents are very accommodating and have no problems providing great service. We have always ensured that our readers would be cautious on websites that you guys register at and making customer service part of your priority when looking for the next website to commit to. Always keep an eye out for websites that have proper customer service channels since that would be your only lifeline if anything happens to your account.
Pros and Cons
Pros
- Anonymous
- Fast account creation
- Full-pledged gambling website
- Accepts a lot of crypto deposit/withdrawal options
Cons
- Unregulated
- Does not accept credit cards/ Fiat options
Conclusion
1xbit.com is the last place that you would think if you are looking for a website that offers Binary Options gambling. The website is known for being one of the best sportsbook websites today but definitely not known for its binary options due to the people that do not know about it. They have all the makings of a great website; a solid platform, no lags, easy account creation, and an awesome customer service backbone. If you are looking for a place to bet on Binary Options, then this is the place to be!
Go to 1xbit.com