↕️How to Open A Position
Last updated
Last updated
To make a trade, you need to use USDT by depositing from external wallets. Currently, we support USDT on BSC, Polygon, Avalanche, and BASE, with more chains and currencies being planned for future updates.
To join a binary option market, follow the steps below:
Choose an Asset
Currently, we support trading BTC and ETH. In the future, we plan to add more high-demand cryptocurrencies and potentially even real-world assets (RWAs).
Determine the Duration
Choose the point at which the trade will be assessed to determine the outcome. Currently, we support the following durations: 30 minutes, 1 hour, 2 hour and 24 hours.
Predict the Price Direction
Make a wager on whether the asset's price will go “Up” or “Down” from the specified price upon which you open the trade (strike price).
Input the Amount
If your wager is correct, meaning the expiry price moved in the direction similar to your trade, you can receive up to 1.5x profit on the amount you trade. Conversely, if wrong, the entire amount will be lost.
Check your transaction status
Access to your wallet and reviewing the activity section. Please note that it may take some time as the transaction requires confirmation on the blockchain.
Currently, the minimum trade amount is 5 USDT and there is no limit on the maximum trade amount. As each trade has a unique timestamp, there is no limit on how many trades you can make at any time.
You can always check your position result on the dashboard of that page.
