My business does a lot of international transactions via the banking system which are expensive and take ages.
We could use bitcoin but would need a way to protect against the price of bitcoin falling against national currencies.
I am looking for a reliable, trustworthy way to do this. Basically options or futures contracts on bitcoin vs gbp, usd or aud
I see there is icbit.se, is this recommended?, does anybody have any other recommendations?
Ta
If you want to seriously hedge with options look at
MPEX or sites like coinbr that pass through to them. They seem to be the best capitalized of the exchanges trading bitcoin futures and options. If you are moving any serious volume the fear with smaller ventures would be the site being compromised or a lack of capitalization to back your options.
