Bitcoin Forum

Are all binary options sites also bucketshops (lost when we win)?

I'm seeking a binary option site which is not a bucketshop and accept bitcoin on deposit and AML, KYC is not required.

Is that an utopia?

I haven't tried any of these sites, but Secondstrade (http://secondstrade.com) and IDSOption (http://idsoption.com) accept bitcoin and don't need KYC. Not sure if you have checked them already and just didn't like them, or just didn't see it (not sure how, secondstrade has a really large signature campaign, and IDSoption does as well).

Edit: Yes, I believe they are bucketshops. Didn't understand you at first, but now I do. I don't believe there are any PvP binary option sites.

No I didn't try them. I saw them on signatures mostly. But aren't they bucketshops? (which means they lost when we win).

If there is a market which I do not recommend to market its this one

Don't know whether secondstrade are just third party and using bankroll of other platform or using their own bankroll to make payments. But for sure they don't ask for KYL policy, i have played with lower amount, but i don't know how fair is their result. You can check about how they determine the result here http://secondstrade.com/notice.html

Of course secondstrade and idsoption are bucketshops, they have no legal license, and you want to hunt for non AML KYC binary option. AFAIK, these 2, maybe more, are do the illegal business, like bitcoin gambling sites, casinos, if governments want to sue them, they will go to jail. You know the silk road owner's story right? BTC is easy for money laundrying, so many bucketshops are in the community. While their return are low, 75%-90%, so in the long term, they are profitable from the huge margins. At least 5% of betting volume is profit.

Can you share more light on your position because this is n area I am equally looking into but want to do my due diligence before venturing into it...
Thanks for the response

Ok. Is there any legal binary options site (AML, KYC required) accept BTC as a deposit?

Be careful with binary options!
It's very risky!

Gambling games is more trustworthy I think.

Coinut.com ?

I have not used it much. Appears close enough to what you are looking for.

Yes this is what I'm looking for. Unfortunately, Coinut is not so active (less liquidity and wider spreads I mean)  :(

trading binary option support with bitcoin is few site
but is popular with community bitcoin
popular in bitcointalk forum trading binary option without AML KYC is

1 second trade option one
2 idspotion second option

You do realize that unlike forex brokers, all binary option brokers have to bet against you to lose money. They don't forward your trade to the open market. So they are in the business of making you lose money.

I know. People don't use it because they have wider spreads, and they have wider spreads because people don't use it. :(
This is usually what goes wrong with some websites.