- High payout.
- Simple and easy.
- Trade the price of cryptos.
- BTC only.
- Limited assets and option types.
- Limited features, no charts.
The platform is very bare bones and basic, but that also makes it easy to use and reliable. There are no charts, no indicators, no dancing monkeys. All you do is pick your option, pick your stake, make your trade, then watch.
A bet takes six seconds to confirm, after that it’s very easy to track as it displays at the bottom of the page, clearly labelled with either green or red highlight to indicate whether it’s winning or losing. There’s a nice countdown timer as well – alongside the current price and the price you bought or sold it for.
You can only have one trade simultaneously on each asset.
Range of options
- 10 minute
- 60 minute
- 24 hour
high low binary options on
- Bitcoin Cash
- Steallar lumens
There is no wow factor or fun factor. On the other hand when there are less things going on, there are less things that can break or go wrong. For example the simplicity makes navigation easy and the trading and transaction records are very clear and useful.
Elements are not as well laid out on mobile as they are on desktop. The min trade of 1 m฿ is a bit too high.
Unique deposit addresses: Available once every 2 hours...strange.
Confirmations before trade: 1.
Withdrawal time: Instant.
Player to player transfer: Not available.
You can only withdraw full m฿ amounts, that means if your balance is 20.9 m฿, you can only withdraw 20 m฿, having to leave 0.9 m฿ (~$11 USD) in your account. This is really not okay, it’s your money, you need to be able to withdraw it.
There is the option to deposit with altcoins, however you’re lead to a Changelly widget which will exchange a wide range of alts to Bitcoin. It’s a shame you can’t deposit anything other the Bitcoin directly, but this is a nice workaround.
Customer service channels available: On site contact form.
Speed of replies: Variable. One tickets took about 15 hours to be replied to, whilst another came back within half an hour.
Accuracy of replies: Very good, most questions seem to be replied to by senior staff.
Privacy and security
Information required at signup: Email only.
2 factor authentication: Available.
100% first deposit bonus of up to 3000 m฿. The bonus is released into your account gradually depending on your bets. That stops after 365 days or when you make a withdrawal.
To earn the first deposit bonus you need to collect 400 loyalty points before making any withdrawal. The amount of points attributed will vary, based on the stake and price score. It kills a lot of the excitement of the welcome bonus as there are too many terms and points to remember. To BetBTC‘s credit, the terms and formula for the bonus are listed clearly. However, we’re not fans of the overcomplicated system.
If you only want to trade high low binary options between 1 m฿ and 100 m฿ on cryptos, then BetBTC is brilliant.