The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin options are a kind of financial derivatives based on Bitcoin. They mean that the buyer pays the option fee to the seller and owns the option to buy or sell a certain amount to the seller at a predetermined price within a certain period of time in the future or on a specific date in the future. You have the right to buy or sell a certain amount of Bitcoins, but you do not have the obligation to buy or sell them. After understanding Bitcoin options, let’s get back to the topic. How can a novice play Bitcoin options? Below, the editor of Bitcoin Circle has compiled a tutorial for beginners on Bitcoin options trading for investors’ reference and study.

 How do newbies play Bitcoin options?

1.Download App

Go to download the Binance Mobile App, available for iOS and Android users to trade options.

Log in to your Binance account within the app. If you haven't registered an account yet, sign up and create one now, it only takes a few minutes.

2. Activate contract account

Binance Options account is bound to Binance Futures account, activate the contract account, and you can start options trading!

3. Start trading options contracts

Go to the "Trading" tab and click on the "Options" option at the top.

The contract wallet must have sufficient funds pre-deposited. If it has not been recharged, please click the arrow icon on the upper right to transfer the funds from the trading platform wallet to the contract wallet.

The platform provides options that expire within 10 minutes, 30 minutes, 1 hour, 8 hours and 1 day. Please select according to your needs. In the example below, we will demonstrate buying a call option expiring in 1 hour, i.e. expecting the price to increase in the next hour.

Next, fill in the contract size in the Quantity field.

Please note that the base asset for this example is set to Bitcoin, but the premium needs to be paid in USDT.

When you're ready, click "Bull."

A confirmation window will pop up. If everything is OK, click "Confirm".

What happens next? We buy a 1-hour BTC/USDT call option with an amount of 0.1 Bitcoin and a price of $7069.75. 2. The premium of 18 USDT will be deducted from the contract wallet. If Bitcoin rises to $7,091.58, breakeven will be achieved.

 Tips for playing Bitcoin options:

1. Adhere to light position trading

For novices, when they first start option trading, profit is not the main purpose, but to accumulate experience, become familiar with the market, start trading on a smaller scale, insist on light positions, low cost, low risk, and reduce investor pressure. It will also be smaller. For example, on the CC options platform, the most
The low transaction threshold starts at US$5, and the maximum profit for a single transaction can reach 88%, which is at least 6% higher than the profit of other platforms in the industry. It is one of the formal platforms that is more suitable for light position operations.

2. Learn to predict trends

To predict the trend of assets and improve the accuracy of bullish and bearish calls, investors must understand before making transactions what are the data, political, and economic events that will affect asset trends and options markets? For example, trade wars, non-agricultural issues, etc. that affect the world , and you need to master the usage of some technical indicators, such as moving averages, Bollinger Bands, KDJ, etc., which are relatively simple and practical.

3. Select entry time

The choice of entry time is crucial for options trading, because the price of the underlying asset at expiration determines the payout. For time selection, investors can conduct trend analysis based on daily, monthly, and annual price changes.

4. Properly hedge risks

Hedging risks is a trading skill used in many markets. Novice options can use it appropriately. For example, if an unexpected situation occurs during a bullish trading period and the downward trend is obvious, investors can consider buying put options in time, which can reduce part of the risk. risk, and even turn losses into profits.