1xBit binary options review

US traders must use a VPN

 
Overall 64%
Trading platform 3/10
Payout 8/10
Range of options 3/10
Transactions 6/10
Customer service 8/10
Privacy & security 8/10
Established: 2015
Located: Russia
Minimum trade: 0.02 mBTC
Maximum trade: 5 mBTC

1xBit first ran a government currency brokerage, 1xbet. Instead of just adding bitcoin transactions like a lot of government currency brokers have, they choose to make a stand-alone end-to-end bitcoin site. This was the right choice and the market is rewarding them for it.

There is a lot going on here

  • Forex binary options.
  • Sports betting and live betting including horse racing, trots, greyhound racing and cockfighting (reviewed here)!
  • Casino including live casino, lotto and virtual sports (reviewed here).
  • Poker room (reviewed here).
  • Dice game (reviewed here).
  • Games like rock-paper-scissors and Russian roulette.

Trading Platform

1xBit have an interesting forex options trading platform where you can make limit orders and have stop losses rather than just binary options. The platform is limited, for one thing it does not operate on the weekend!

It’s annoying that you have to transfer funds between your main balance and a separate binary options trading balance for no good reason.

Payout

There is no set payout amount because that will be determined by the parameters you set when you make the option.

1xBit has the highest payouts of all brokers.

Range of Options

There are 10 currency pairs available and a random tracker. Option durations are

  • 1 minute.
  • 5 minutes.
  • 10 minutes.
  • 60 minutes.

Transactions

Unique deposit addresses: Not available.

Confirmations before trade: 1.

Withdrawal time: Not instant but less than 1 hour.

Player to player transfer: Not available.

You can deposit and withdraw with about 20 different altcoins which will be converted into your bitcoin balance.

1xBit has the best transactions of all brokers.

Customer service

Customer service channels available: Live chat and email.

Speed of replies: Live chat is always instant.

Accuracy of replies: Good. English is not their first language and they are not bitcoin experts but they are experts in 1xBit and all of its features and rules.

1xBit has the best customer service of all brokers.

Privacy and security

Information required at signup: Email address.

2 factor authentication: Available.

1xBit has the equal best privacy and security of all brokers.

Bonuses

100% first deposit bonus up to 1000 mBTC. The funds go into your account gradually as you trade and you can easily opt-out.

There are several different bonuses and special offers depending on your interests and its nice that the terms and conditions are explained fully and clearly.

Overall

1xBit’s binary options are below par. The range is poor and the platform is not intuitive to use. Give it a shot if you want to deposit or withdraw with altcoins or if you want a binary options site that also has a sportsbook casino or poker room.

1xBit is the best overall broker.

Visit 1xBit
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