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As a result of an unregulated trading environment, many retail traders often fall prey to unscrupulous binary brokers that are only out to fleece their clients.
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However, one problem that crypto enthusiasts face is the difficulty of entry in the market. To speculate on the price of bitcoin hitting $10,000 in the next three months, you could purchase bitcoin (btc) and hold it for that time period, or you can purchase bitcoin options. It's important to limit the size of the trade, but some brokers allow trades as small as $40 to be put on. Leaving money on an exchange. Or at a bitcoin atm.
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If you are a crypto enthusiast in canada looking to liquidate your btc holdings, here is a list of ways of doing that summed up with their pros and cons on how to sell bitcoin in canada.
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Trade bitcoin options & futures 24x7 on a regulated exchange.
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