# Binary Option Trading

{% hint style="info" %}
Prebit offers an exciting Up & Down binary trading feature, allowing users to predict whether Bitcoin’s price will move up or down relative to its opening price during a 5-minute event. If your prediction is correct, your margin is doubled (2x). However, incorrect predictions result in no payout.
{% endhint %}

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe41_tzKiEGHpCmlk-XD-m6vXC8RTPClchB0LFt_EaDUo6E8Y_gnz-RUzN-R70Qu9mhXrl6E6T4veXWTojOXepJ-GNn_vK85QoRtXXlSB2jaUktyJ_7r7-byYbutNCZn9wwbXm1?key=f7qYzK3N8JcRG9dnV6RA2p5R" alt=""><figcaption></figcaption></figure>

### **How It Works:**

* **Event Duration**: Each event lasts 5 minutes.
* **Prediction**: Predict if Bitcoin’s price will move up or down from the event's opening price.
* **Rewards:**
  * **Correct Prediction**: Your margin is doubled (2x).
  * **The maximum reward pool** per event is $2,000, distributed among participants with correct predictions.&#x20;
* **Prebit’s Commission**: Prebit charges 9% of the prize pool, and half of this fee is redistributed among the winners.
* **Margin Requirement**:
  * Minimum margin to participate: $1.
  * Margins can vary based on your preference.

***

> ### **Key Details:**
>
> * **Transaction Fee**:
>   * You’ll need to sign a transaction with your wallet.
>   * A small BNB fee (usually less than $0.50) is required to cover Binance Smart Chain (BSC) network costs.
> * **Price Mechanics:**
>   * Locked Price: The starting price of the event.
>   * Last Price: The current market price, showing how much the price has moved up or down during the event.
>   * Closing Price: The final price at the end of the event, which becomes the opening price for the next event.
> * **Why Choose Prebit for Binary Trading?**
>   * Easy-to-understand mechanics with high reward potential.
>   * Seamless transactions with minimal fees.
>   * Transparent pricing and fair distribution of rewards.
>   * Participate with as little as $1 and compete for a share of up to $2,000 per event.


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