Bitcoin Forum

Guys, I heard that Binomo started working with cryptocurrency. I know it used to do more with binary options. Do you think it is worth the risk to work with Binomo? Maybe someone has experience in this matter?

Where did you found that they are starting to support cryptocurrencies?
I visited their website, I don't find any cryptocurrency-related content, like an announcement. Their Twitter account is still suspended.
Even on their Facebook page, they don't have the latest post that is announced to support cryptocurrency.

Can you be more specific about what risk you are asking?
The risk of losing depends on your ability to read price charts.
Security risk? I have no experience with Binomo, but if you are used to this platform you can guess how safe it is regardless of whether they will also use crypto as a betting medium. The difference may only be that deposits and withdrawals are a little slower or the fees are a bit higher.

I've never used that website nor heard. But if you're planning to trade, why not just get into the common trading websites like Binance? if you're worried about trading on their platform.
It's best for you to get on the reputable exchanges that we already have and there's no question that we're going to have them about the risk because they've proven themselves including the bad times.

1. Binomo isn't regulated by a recognized government body
2. Offshore company - address has been used by other companies (google it) and it's at St. Vincent & the Grenadines which is a hotspot for it

Most scam binary options have these two checked and makes getting away of shady practices easier, hence why I would not recommend this. There is too much scam in binary options, I say find another way to gamble.


I guess this counts as a proof they support cryptocurrency

binary options are not trading and they have done public fraud...

I see a lot of losses from this binomo, the concept of binary options is always gambling, I don't know if they will adopt cryptocurrency but hopefully, that doesn't happen because they will only damage the name of crypto.

Binomo which deals on Binary option is more of gambling  that trading and has lots of fraudulent  acts associated  with them . I would love to get your source of information  so we all can see into what you just discovered.  But from my own point crypto currency  companies  and binomo  can't partner since the don't share the same analysis except crypto currency intend adding binary option to their trading  portfolio which would be more of gambling  option and a different  set of terms and conditions  listed out to prospective  investors.

It's true that binary options are a gamble that many bets on to guess prices that go up or down if we guess wrong of course this will run out of our money, I think this can be called a public fraud too, but there are still people who believe in binary options.

I already know Binomo in my country, at first it was still a debate because it tends to be fraudulent and even a friend of mine who ran out of money due to playing binary on Binomo and I think this is not a good option for us to run to get money from binary.

You trust Binomo and IQ option? Really? Even my dog knows these things are scam. these companies have reached that level of advertising which is usually done only by sex toys and fake dating sites. This thing itself is the hint that how desperately they are trying to get more people onboard but are unable to find any as people have realised what a big scam they are. Their option trading is a complete hoax and absolutely manipulated. Even if they enter in crypto, their crypto platform too would be pretty much the same and manipulations would be at new heights because arbitrages in Cryptos are very normal and generally high too. Stay away from them.

Several times I tried to trade there, but now I don't do it anymore. It seems there is similar to playing Future but limited to the capital you use that will be lost. They are indeed very diligent in offering their products, even on local TV in my country. Regarding support I think they have seen an opportunity regarding crypto so they opened a depot through crypto. Sure progress is good but not for trading on Binomo.

There are a lot of Binary option sites before binomo and they also can deposit with crypto. But i think since past until now people will have same response if they not consider it as trading. Maybe guess price is right but if you lose, you will lose all money you bet in it.

Just like you said, Binomo is another binary options.

Binomo was viral in Indonesia because they claimed that you can make $1000 in an hour just by doing it at your home. But, the government knew about this thing and start investigating this Binomo and they found flaw on their website and it's considered in one of "gambling" site for the obvious reasons and I do agree with that, after that they blocked the Binomo site in Indonesia.

Based on that, please stay away from this site ever.

Not heard of them because they are not into crypto. Upon going through their website they existed since 2014. Its not that very long so it's not sure how reputable they are but if they are going to do binary options for BTCUSD, it might just add some excitement. There used to be a good binary options platform in crypto but it's gone. If they take their place, they better hurry to be a poineer.

Risking over a certain project like this is a case to case basis, and we can't figure out what may the future look like same with several altcoins that still can't recover back after project launch. This needs a lot of fundings before we come up for a faster price growth so we're able to see top value. Just like the old times I got a good coin but suddenly fall at worst stage and never go back to $1 until now.

I just found there is crypto paired on binomo. Doesn't mean it would be accepting cryptocurrencies as their deposit. We can just only deposit with Fiat money on there.
There are lot of people claimed binomo is being manipulated, on first or few trades you might be win, but when you put bigger bet, you will lose it. There is no way to prove your history bet is provanly fair or not on binomo. Choice is yours

Binary options is no different from gambling your money. If that is what you are looking for then by all means use it.

But if you are new to gambling please know that the company running it would not exist if it was possible for every person to win a huge money because then the company would go bankrupt. You might find some people posting affiliate links to these apps saying that they make a lot of money in binary options but in reality it is all a disguised scam.

So to answer you in short, they did not start "working" with it but allowing it as deposits for playing on their site.

You wont "work" with them. You bet on their markets. And you will lose money if you are going for it more than what you will make.

As far as I've heard binomo is cheating, a lot of people have complained about it. especially with binary options, I think this is like gambling, with a short period of time as well. so from that you have to be careful, it is better to choose an exchange that is already trusted. but maybe because I don't like binary trading

don't let this continue. Binomo is not the best solution for collaborating with crypto. and to me the information is irrelevant. I didn't even find the information.
I have never traded on Binomo, but many of my friends have tried it.
if you are curious, better try to create an account and trade there, it is much more effective so you can feel for yourself, its advantages and disadvantages.

It's even worse than trading into futures, it's because exchanges aren't directly manipulative. If you are a little bit cautious and play a risk management game properly trading in futures or even options on a normal exchange like Binance could still be profitable. But the same thing cannot be said for such websites as Binomo because they have ultra-high leverage, even a small move on the other side would be so swift that you won't be able to take out your money in time. Also most of their moves are absolutely rigged, they decide which way to go based on which side they can liquidate more positions. Their advertising strategy pretty much conveys that they are a scam.

First and foremost, binary options trading is generally discouraged. Yes, there may be money in there but more are definitely losing rather than gaining. And it is even likened to gambling more than trading.

As with Binomo, it has claimed to have been operating for years in more than a hundred countries and is a member of the International Financial Commission (IFC). But there are way too many complaints and accusations of different kinds against it from those who have first-hand experiences with the platform.

There's too much smoke and it is about binary options, so I personally don't think it is worth the risk.

There are many good and reputable binary trading exchange or apps that have a good feedbacks as well. Take note that Binary options has a greater risk than other type of trading as you will predict prices instantly with your own instinct just like gambling your money.

Buy if you want to know more about the experience of other user this may be a good help for you:
-  Binomo Reviews  (https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.expertinvestor.net/reviews/binomo/%23:~:text%3DAll%2520in%2520all%252C%2520Binomo%2520seem,trades%2520to%2520test%2520the%2520platform.&ved=2ahUKEwjDmdyB0p_xAhXRyosBHdiECHYQFjABegQIHxAF&usg=AOvVaw094HKLmGNwlXuTS1qWPKwx)

FinaCom membership doesn't mean much. It's only for resolving disputes in case settling with the exchange doesn't work out and definitely isn't meant as a regulatory body which these shady off shore businesses make them appear to be

In addition, given their circumstances, I have doubts they would be able to stay neutral at all times. One is they're not affiliated nor regulated in any jurisdiction (note that this is useless if the country has lax laws). Second is, it's pretty much a business whose earnings come from the exchanges who pays for their membership.

Never used Binomo and will never try. Binomo is too risky and a real type of gambling. I am more interested in cryptocurrency trading, especially Spot trading, because spot is the safest type of trading than Binomo or Futures trading. Even though the price of cryptocurrency is very volatile, it doesn't matter if we can analyze it, even profits will be easy to get with fluctuating markets.

Thank you very much for bringing this to my attention. Thank you all for the activity, I have made a conclusion for myself!