Is it worthwhile to trade the cryptocurrency on IQ Option?

[NickLeins]

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

[Mahanton]

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?

[joniboini]

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.

[mk4]

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.

[sheenshane]

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.

[jrrsparkles]

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.

[gabbie2010]

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.

[Oilacris]

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.

Even the most legit platforms in the market will really have some negative words on it, neither those are valid or legit reasons or just typically some bad calls for competitor.

IQ option were legit and they had been known on this business for a while and lots do still trust this platform up to this day which we can say that they are still good if ever you decide to trade with them.

Overall, i do agree that options trading is just like a gamble and would be much better if you do the casual trading or spot on but if you do love to play moving price in every second manner
then options is really for you.

[lixer]

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.

[toast]

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.

[ethereumhunter]

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.

[romero121]

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.

It is similar to gambling, but here one has got the ability to minimise the loss through continued observation of the market changes. With gambling limiting the loss isn't possible. Spending on casinos is purely on luck, it'll end up with win or else with loss.

Another statement that makes it similar to gambling is the unpredictable nature. No one is sure, based on which factor is the market fluctuation. Upon this one cannot make predictions based on study. Everything needs to be done on wild guess and based on comparison with the previous year growth pattern. This way it is like gambling on predicting the price.

[electronicash]

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.

[livingfree]

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.

Get to try it.

[chaser15]

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

Trading cryptocurrencies is definitely worth your time and money. But to make it worth, you will be the key to make that happened.

Either you choose the IQ option, or those famous crypto-trading platforms like Binance, Kucoin, etc. it's only you who can make your trading experience successful. You need to actually try it and see for yourself if it will be worth your money.

But why IQ Option? Does someone recommend it to you? Go head to Binance. If I'm not mistaken, there a mandatory KYC on IQ Option as it also involves stock trading and most payment methods are bank transfer.

[Yatsan]

I haven't tried doing trading with such platform but if you do want to know more about IQ Option, better just do your own researching for it seems like no one in here can answer your question because we haven't make use of that on doing trading. Better do trade on the proven and tested by many and not just newly introduced for it is safe for the ones already proven rather than putting your funds into a gamble and risk it for a platform that seems like no one in here is using. But if you do really insist on trying that, do your own move of doing research about such and decide for yourself if you will get in there or not.

[jrrsparkles]

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.

Even the most legit platforms in the market will really have some negative words on it, neither those are valid or legit reasons or just typically some bad calls for competitor.

IQ option were legit and they had been known on this business for a while and lots do still trust this platform up to this day which we can say that they are still good if ever you decide to trade with them.

Overall, i do agree that options trading is just like a gamble and would be much better if you do the casual trading or spot on but if you do love to play moving price in every second manner
then options is really for you.

Definitely who wants to trade quick than a day trader can choose options trading but when we consider that is a worth trading methods in the crypto market the it is not, eve the forex is highly on such kind of trading platforms so imagine how thing will be unpredictable if we trade highly volatile cryptos on it.

[Akiko]

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

I hear that exchange since 2018 but I'll never tried this one. If you are afraid using that website it's better for you to find other alternative that you know have many good feedback for users.

If you Google check that exchange you can found many scam accusations with iq option so I guess not really good exchange for you  to start trading, if you don't want to experience the same problem as they have.

[Nellayar]

Two of my friends are using IQ option to trade forex such as EURO and USD. I asked if it is good to trade in IQ option, they answered me that it is also a good exchange platform. Well, even they have positive views in IQ option, I did not yet tried it. If I will buy cryptocurrency, I probably use cryptp exchange rather than IQ option. It is quiet confusing also to my part when it comes to the buy and sell in IQ option platform. You take profits by selling at a lower price and buy it in higher price. Seems like it is shorting. It is a legit but I don`t to make it as my option in trading cryptocurrency. I always rely in crypto exchanges such as binance and kucoin than other platforms.

[Serious475]

I had tried trading on it before and I lost 0.001 BTC, it feels so entertaining and I enjoyed the platform because of having good GUI and user-friendly as well but I did not try it again when I one of my friends told me to stop trying it because it js a scam, at first I didn't believe him because I really enjoyed the platform even though I keep on losing but when I had watched a review on it on youtube there are many videos saying that it is a scam and it would be impossible for you to earn money from that.
I suggest that you shouldn't try it, you may also have research about it or read some reviews.