Check Out Deribit: First Platform I Have Found Where You Can Buy Bitcoin Options
Yesterday I signed up for Deribit which is the largest trading platform for Bitcoin when it comes to options settled in Bitcoin.
I love options since they can generate very nice returns and that you will not be stopped out due to some very volatile movements which is always the risk when you trade on Bitmex for instance (Bitcoin futures).
In terms of option alternatives, they have constantly 3 different kinds of options and they are:
- Weekly
- Monthly
- Quarterly
So, right now I have bought a Call option for Bitcoin to be over $8000 before 27th of April. I do think that there is a very high probability that Bitcoin will rise in the month of April compared to the current price levels.
Also, I have compared Deribit (has been around since 2016) with Quedex since they also offer Bitcoin options but there is almost no trading going on there for options and that makes it difficult to buy either call/put options when you want.
It is also important to notice that Deribit is using European Options which means that you cant close the position using limit orders, only current market orders. So keep that in mind.
Finally, get over there and check it out:
I've been reading about options yesterday and then I see your post, what fortunate luck. Thank you.
awesome, just be careful that you understand how they work before you buy any, it is easy to make mistakes as a rookie.
Thanks for sharing this site. It is great to see that there are even more ways to invest in cryptocurrency now and with some added stability. Hopefully, this will entice more people to invest in the market. Great post!
Yeah, it is great, im just annoyed that I found it yesterday, I would liked to have used this service several years ago...
Thanks for sharing info But please note already one such options trader for bitcoin such as BETEX https://betexlab.com/. would you explain in what way it is different and superior or inferior to derbit or may be both are equally important.? could you explain?