Is it worthwhile to trade the cryptocurrency on IQ Option?

[Jordy]

Hello, everyone! Are there any forum members who use IQ Option to trade cryptocurrency? I would really like to hear your impressions and feedback.

 

[Axel]

Hello, everyone! Are there any forum members who use IQ Option to trade cryptocurrency? I would really like to hear your impressions and feedback.

Its up to you but knowing options then i do consider it as a gamble rather than a trade.It would be much better if you do spot trading instead rather than with binary options or future trading
but if you can handle out the risk then proceed and also im not sure if those price tickers on IQ are that real-time- no delay on the exchange on where they do get those price ticks.
I have experience on IQ options in the past but not on Bitcoin but into foreign currencies wayback when im still on forex days but now here i am on this market i didnt tend to
go or lean back. Why not try to trade on Binance?

 

[Angel]

I don't suggest you to do it, especially if you plan to buy BTC and hold it on your own wallet. I traded there in the past and it's very risky, not to mention the possibility of price manipulation is high since who knows where they get the price feed. Unless you want to gamble as mentioned above, stick with other exchanges. Don't fall for its trap. You can get 2x money but you can also lose 2x in just 5 seconds

 

[Ian]

It's pretty much a gamble, especially when you know little to nothing concerning trading. You can win big money, you can lose big money. If I were to risk my money through gambling, I'd much rather go to a casino as at least I'd enjoy my time even if I lose some of my money

 

[Ezekiel]

I never use this exchange but commonly I saw their ads that always pop up on my Facebook page, they actively have ads there.

If you meant that worthwhile to trade, I probably say yes, but trusting them to let my fund sleep on their wallet. I will not do that, and I will not trust any exchange to keep my fund for the purpose of holding the long term. I suggest that you can try to use them at least with the start of a small amount if you want to know their worthwhile.

Here is my insight into them.

• According to the Who.is, they'd founded year 2013 and operating business for how many years
• They are CySEC regulated
• Have a Free Demo account

It's up to you if will trust them, just do your own research furthermore, because I was saw them in the TrustPilot review, they gained bad rep there.

 

[Cooper]

Hello, everyone! Are there any forum members who use IQ Option to trade cryptocurrency? I would really like to hear your impressions and feedback.

IQ options is legit as per the scam analysis reports but we can see lot of individuals complaining about IQ options on different social media platforms so this is kind of selective scamming trick in my opinion.But when it comes to option trading you are not going to do much things and as mentioned previously you are just gambling.You should always refer spot trading over other kind of trading when it comes to cryptos

 

[Connor]

Hello, everyone! Are there any forum members who use IQ Option to trade cryptocurrency? I would really like to hear your impressions and feedback.

You have reputable and trusted exchanges platform like binance, kucoin etc where your coins are safe at least better than your preferred IQ option for trading cryptocurrencies.
I.Q option is mainly known for binary option trading it was later they included cryptocurrencies into their platform and I had read many unsatisfactory reviews about them however if your intention is trading binary options with crypto in their platform its very risky and doesn't worth it.
You can channel your time towards learning other form of trading with lesser risk.

 

[Robert]

Yes I have used IQ option, but not for trading Bitcoin; I was trading other assets and currencies like USD, Gold, EURO, Oil and the rest of them, though there wouldn’t be any difference when you decide to be trading bitcoin on IQ option since they are all the same.

IQ option is an options trading platform, so you have to bear that in mind and it’s a lot different from the normal trading of cryptocurrency. As an options trader you’re given the right and not the obligation, and you’re only trading with amount you have invested for the action you take, and you’re not really buying the asset, you make a prediction and if it’s right you get profit, if not you will lose money. From my experience then, their platform is good and you can even deposit and start with $10, although I don’t know if they still do that now.

 

[Jameson]

i always see that iq options advertisement whenever I play videos on youtube they always say that it's a trading platform but upon watching their short ad they indicated that you should predict the price of the coin to gain and my first impression was "what?" since i know what trading supposed to be so i guess they pretty much like a gambling just like what others said

 

[Roman]

I suggest you to learn how to trade cryptocurrency in the current exchange. Suppose you already know how to trade better in the current exchange. In that case, you can learn more about trading options because that will be different, and you need to familiarize yourself with the analysis that has been used in that exchange. I don't know how to trade using that because I never learn about trading options, and I don't use IQ option. You should find out the lesson, so you can start to learn how to trade on that exchange

 

[Easton]

now that futures and margin is common on crypto trading platform, i don't think binary will still get the amount of attraction like back when sencondstrade was active. you'd better be on margin trading than on binary trading, its almost similar bit with margin trading you can potentially earn more with 100x leverage. you take a look at the whole view since its just predicting which way the market goes at certain time

 

[Nicholas]

Just trade with the most common exchanges rather trading on IQ options. I haven't tried trading there but it's a complete different setup.

But that doesn't mean we are stopping you to trade there but it's more for the other commodities than crypto. Take time to trade first to the known exchanges and when you're ready and you think you can bear to adopt other platform and different setting of risk.