Binomo and cryptocurrency | Bitcointalksearch.org

NickLeins

newbie

Activity: 15

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Quote from: awik p on June 17, 2021, 12:34:18 AM

Quote from: janggernaut on June 16, 2021, 11:12:34 PM

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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

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

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

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

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.

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

Quote from: Darker45 on June 17, 2021, 10:19:45 PM

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.

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.

maxreish

sr. member

Activity: 1330

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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

Darker45

legendary

Activity: 2576

Merit: 1860

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.

teosanru

hero member

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Quote from: Luzin on June 16, 2021, 04:49:47 PM

Quote from: teosanru on June 16, 2021, 03:44:25 PM

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.

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.

Fesatmas

sr. member

Activity: 2268

Merit: 275

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.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: janggernaut on June 16, 2021, 11:12:34 PM

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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

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

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

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.

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

Guys, I heard that Binomo started working with cryptocurrency.

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

Quote

Do you think it is worth the risk to work with Binomo?

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.

janggernaut

legendary

Activity: 2394

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Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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

Cherylstar86

sr. member

Activity: 1484

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Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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.

cabron

hero member

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https://www.betcoin.ag

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.

sulendra12

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Undeads.com - P2E Runner Game

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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.

topbitcoin

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Vave.com - Crypto Casino

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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.

Luzin

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Quote from: teosanru on June 16, 2021, 03:44:25 PM

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.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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.

Furious 7

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https://duelbits.com/

Quote from: Renampun on June 16, 2021, 11:32:15 AM

Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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.

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.

Zilon

sr. member

Activity: 966

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Bitcoindata.science

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.

Renampun

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Quote from: NickLeins on June 16, 2021, 02:18:31 AM

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?

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.

Potato Chips

hero member

Activity: 2786

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yesssir! 🫡

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.

Quote from: GreatArkansas on June 16, 2021, 03:27:26 AM

Where did you found that they are starting to support cryptocurrencies?

I guess this counts as a proof they support cryptocurrency

Quote from: https://binomo2.zendesk.com/hc/en-us/articles/360047328073-Payment-methods-for-depositing

To make a deposit you can use Visa or Mastercard bank card, e-wallets such as: Advcash, WebMoney, PerfectMoney, bitcoin and litecoin.

Topic: Binomo and cryptocurrency (Read 223 times)