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.

Many investors are a little confused when they see this title, mainly because some investors don’t even know what Bitcoin options are, let alone how Bitcoin options are played. The editor of Bitcoin Circle will first talk about Bitcoin options. Meaning, Bitcoin options are actually a financial derivative based on Bitcoin. To put it simply, the option buyer has the right to choose whether to exercise the purchase or sale, and the option seller must unconditionally obey the buyer's choice and fulfill the transaction. After understanding the meaning of Bitcoin options, let’s return to the topic of this article, how to play Bitcoin options? The editor of the currency circle below has compiled a Bitcoin options trading tutorial for everyone, hoping to enable investors to learn how to trade Bitcoin options. How to play.

 Bitcoin options trading tutorial:

1. Take this as an example: If you don’t have an account, you can have one.

Log in to your 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 call option on BTC/USDT for 0.1 BTC at $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.

4. Monitoring and closing positions

Under the "Positions held" tab, it is possible to monitor open positions. As mentioned in the previous discussion, you can also view the expiration time of the option, as well as a real-time estimate of the unrealized PnL (profit and loss).

If you need to close the position (exercise the option), click "Settlement" on the right side of the "Position" tab

The option will be exercised immediately after clicking "Confirm".

Under the History tab, you can view previous options trades.

 Bitcoin options operation method:

Bitcoin options are the same as spot, which is to predict the future rise and fall of Bitcoin, but support buying up and down. In terms of operation, if the price is expected to be bullish, buy up, and if the price is expected to be bearish, buy down. The profit calculation is the same as that of spot prices. When buying up, you will earn as much as the price rises during the cycle. When buying down, you will earn as much as the price falls during the cycle.

The Bitcoin options launched by BitOffer have 7 time periods, namely: 7 days, 1 day, 12 hours, 4 hours, 1 hour, 5 minutes, and 2 minutes. Users need to select the corresponding period when placing an order.

For example, the current price of Bitcoin is US$7,500. After analysis and judgment, you believe that Bitcoin will most likely fall in the next hour, so you buy a 1-hour put option for 10 USDT.

Bitcoin fell sharply in the next hour, from $7,500 to $7,000. After the 1-hour option expiration system settles, your income is 7500-7000=500 (USD), which is 50 times higher than the cost. If Bitcoin rises in the next hour, you will lose the 10 USDT option principal invested. This is the benefit of options with "unlimited returns and limited risks".

Through the above introduction, I believe everyone has an understanding of Bitcoin options trading. The expiration date of a Bitcoin option contract is the exercise date. The unit of a Bitcoin option contract varies depending on the subject matter. The contract unit of a Bitcoin option contract is 0.01. Bitcoin. The editor of Bitcoin Circle reminds investors that before trading Bitcoin options, it is very important to choose a professional Bitcoin options exchange to ensure that investors will not be cheated and reduce the risk of the exchange running away.