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  1. Step-By-Step Guide
  2. Product Overview

Binary Option Trading

Up & Down Binary Trading on Prebit

PreviousProduct OverviewNextPerpetual Trading Overview

Last updated 6 months ago

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.

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.

  • 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.