Crypto Deposit Binary Options Brokers

Many binary options brokers, especially offshore platforms, have introduced ways to deposit using digital currencies. This allows traders to deposit, trade and withdraw in cryptos, from popular tokens like Bitcoin to stablecoins like Tether.

We’ve combed through cashier portals to list the best binary options brokers that accept cryptocurrency deposits. We also explain the different ways you can fund binary options trading with digital currencies, as well as the benefits and risks.

How Cryptocurrency Payments Work At Binary Brokers

With interest in trading cryptocurrency binaries growing over the years, some brokers have also introduced ways to bankroll trading activities using various digital currencies. In fact, some firms we’ve tested, such as RaceOption and Videforex, offer deposits in over 60 cryptos.

Among the most widely supported tokens we’ve seen in deposit areas are:

• Bitcoin (BTC): Very widely supported, but can be slower during busy periods and come with higher network fees. Popular with those already trading Bitcoin binaries.
• Ethereum (ETH): Also popular, but fees can be high depending on network conditions.
• Stablecoins (USDT/USDC): Common on offshore binary platforms and offer a degree of stability due to their pegs.
• Low-fee chains (e.g., TRON/TRC20): Frequently offered because they’re quick and low-cost for stablecoin transfers.
• More niche altcoins: Some platforms support dozens of lesser-known tokens, such as NOT (TON).

Pros Of Using Crypto Deposits For Binary Trading

• Global access: In regions where some cards or local wire transfers aren’t widely supported, cryptocurrencies can be one of the few practical routes to move funds in and out of binary platforms.
• Dedicated crypto traders: For those interested in dealing short-term binaries on crypto, also being able to deposit and withdraw in digital tokens lets users make the whole experience crypto-focused from start to finish.
• Privacy: Depending on the crypto payment route you chose, you don’t always have to hand over sensitive card details, which may appeal to traders concerned about scam binary platforms.
• Frequent withdrawals: Some crypto users prefer withdrawing profits back to their wallet or exchange rather than going via bank withdrawals.
• A degree of anonymity: Binary options platforms often have lower know your customer (KYC) requirements than traditional CFD brokers and opting for crypto payment solutions may further help some traders keep transfers private, though networks like BTC and ETH are traceable. It also depends on the method as Binance Pay, for example, still requires KYC. Most binary firms also have KYC requirements at the withdrawal stage.

Cons Of Using Crypto Deposits For Binary Trading

• Irreversible transfers: The wrong address, incorrect network, missing tag or other minor mistake can mean you lose your funds. And you may not get assistance from regulatory bodies, as in some regions, such as the UK, the distribution of binaries is restricted.
• Crypto is still sometimes converted to fiat: Some offshore brokers we tested still convert your crypto deposit into fiat currency if their account currencies are fiat only, which can mean a conversion charge.
• Network fees and confirmation delays: These can be hard to predict and may cut into profit margins with the former or lead to missed opportunities with the latter, which goes against the typical short-term dynamic of binary products.
• Broker risk remains: Funding in crypto won’t protect you from an untrustworthy broker, withdrawal disputes, or bonus traps, so you can still lose any funds you send.
• Less oversight: Traditional payment methods for binary traders, such as wire transfers and debit cards, often have to comply with tight regulations, but crypto networks often still operate with limited central oversight or rules, which aligns with their decentralized nature, but brings with it risks.

If you chose to deposit in crypto, we recommend starting with a small transfer, especially if you’re using a new broker. Also withdraw profits regularly – don’t use a crypto platform as a venue to store digital currencies in the long-term, as there’s a risk they could go under and disappear with your funds.

How To Make A Deposit

Making a deposit with cryptocurrency is pretty straightforward and generally requires a few steps:

1. In the deposit area, select ‘pay by cryptocurrency’ or equivalent – you may have a choice of routes as described above
2. Choose the token you wish to use – most platforms we’ve tested have a search function to find e.g. Bitcoin
3. Input the amount to transfer – most will have a minimum requirement, often around $10 in our experience (though platform-wide minimum deposits may be higher, e.g. $250)
4. Check the conversion rate – make sure it aligns with the market and doesn’t include high commission fees
5. Copy the wallet address provided – many platforms also display a QR code which should open your wallet app with the recipient
6. Confirm the transfer – check your binary account has been credited with the funds, remembering network congestion can slow down transfers

We’ve evaluated the crypto funding solutions at every broker in the toplist and Binance Pay is offered by many, so it’s worth calling out. With this, you’re essentially making an in-app transfer as opposed to a standard deposit to a blockchain address.

You often need the recipient’s name (broker’s name), the amount to transfer (often a few dollar minimum), and then you can choose the wallet to transfer from.