According to CPattern, the average monthly deposit of a South African trader was $ 742 in 2019. That is significantly more than in other African countries.

Conforming to local laws, cryptocurrencies, including Bitcoin, are a completely legal asset that can be used to buy goods, pay for services, and most importantly, for trading. Coins are accepted by a state bank and can be used for private transactions. Therefore, you can see how to invest Bitcoin without breaking the law.

Also, Online Trading is an officially registered company with the right to work in the international arena. The site was registered in 2013 on the island of Saint Vincent and the Grenadines has all the necessary licenses. It operates under the requirements of the international regulator.

If you want to collaborate with a reliable platform and legally earn good money, then the answer to the question: "Where can I invest my Bitcoin?" becomes apparent. Which is Online Trading.

Bitcoin is a digital form of money, but unlike ordinary fiat currencies, it is not under the control of the central bank. The basis for managing the financial system of Bitcoin is thousands of computers distributed around the world. Any user can participate in the work of this system after installing open-source software.

Bitcoin was the first cryptocurrency to be announced in 2008 (and launched in 2009). It was developed by a group of Japanese programmers. It provides users with the ability to send and receive digital money (bitcoins or BTC). The main quality that makes this currency so attractive is that it cannot be censored, and transactions can be made at any time and from anywhere. Thanks to these qualities, the first cryptocurrency became very popular in the world, which positively affected its value. The price of one coin increased from a few cents in 2009 to $ 20,000 in 2012. Today, the value of the asset is 6−6.5 thousand dollars.

Each way to make money has strengths and weaknesses. The first cryptocurrency Bitcoin has the following advantages:

• Anonymity. No one can track, block or freeze a transaction without a unique key.
• The high degree of protection. A special hash function SHA-256 reliably protects every coin, minimizing the risk of hacking.
• Transaction rate. Standard banks check a lot of parameters (credit histories of owners, personal data, etc.) before placing a deal. A cryptocurrency transaction from one device in South Africa to another (in Australia, for example) takes just a few minutes.
• Minimum commission. Bitcoin is a digital currency located only in the virtual world. Therefore, the user does not pay a large commission for using the banking system and other services. Only the minimum percentage is deducted for capacity maintenance.
• Independence. Bitcoins are on various devices in different countries and continents. There is no main regulator that can affect the system.

The cryptocurrency rate changes dozens of times a day. A successful trader can make a lot of money by making the right forecast and buying Bitcoin cheaply and selling more expensively. However, you need to pay attention to certain factors and always analyze new information carefully The course is influenced by a large number of factors:

• Sanctions and preferences. The government may impose sanctions against Bitcoin. For example, cryptocurrency is prohibited in China and India. Such prohibitions globally affect the value of one coin, reducing it. Other laws that allow legal trading make Bitcoin more attractive and add value.
• Popularity. The more people who seek to use Bitcoin for transactions, the greater its value. The fact is that the number of coins is limited, so only the most successful users can buy cryptocurrency. The emergence of new cryptocurrencies competing with Bitcoin causes an outflow of customers, which negatively affects the value of the coin.
• Security. News about hacking blockchains, theft of cryptocurrency, etc. negatively affect the cost. This is because users fear the arbitrariness of fraudsters and try to find the best options for trading and investment.

Some dishonest clients use platforms, not for trading, but money laundering. Coins obtained illegally are transferred to an account and then withdrawn. To counteract this scheme, the company takes a commission on Bitcoin transactions. It is 0.001 BTC and allows you to prevent fraudulent activities and spam attacks on the server. The commission is fixed and does not change depending on the amount of the deposit.

The basic principle of trading on binary options is to determine in which direction the value of the asset will move soon. The South African client Online Trading, who decided to trade Bitcoin, gets a lot of opportunities:

• Call / Put. Standard strategy — here it is necessary to determine whether the value of the asset will be higher (call) or lower (put) after a certain period.

• Touch / No-touch. There is a certain boundary (indicator) above or below the current value. The trader's task is to determine whether the price touches this mark (Touch) or not (No-touch).

• In / Out. In this case, there are two boundaries of value (high and low) that form the interval. It is necessary to give a forecast whether there will be a value inside this corridor (In) or leave it (Out).

• Digital options. An option with a long expiration time (up to 30 days). It allows you to carefully analyze the situation and reduces risks, but offers reduced profits.

• Turbo option. A high-risk tool with high profits, similar to roulette. Because the expiration time here is less than five minutes, and the South African trader cannot conduct a comprehensive analysis and give an accurate forecast.

Of course, no strategy will allow you to earn 100% of cases. However, most professional traders follow certain principles that allow them to become more successful.

• Information. Of course, a trader must understand what cryptocurrency is and how the market works. Trading without sufficient knowledge is similar to driving a car without a licence — in the end, you will run into problems. The Online Trading service will help you in this matter. The official website has an information section where you can read useful information about new strategies, professional advice, and market analysis.

• Training. The right start to trading is to find a demo account that is filled with virtual money and has the same functions as a real account. In addition to risk-free investments, a demo account will allow you to hone your skills, develop a winning strategy and become even more confident before becoming acquainted with the real market.

• Patience. Of course, turbo options with minimal expiration periods and large profit margins are quite attractive. However, it is better to choose long-term options for trading because this allows you to make an accurate forecast and increases the likelihood of profit.

• Cold mind. A professional trader exercises discipline and kills the excitement. He does not seek to instantly recoup, raising rates. Remember — this is the path to bankruptcy. A competent user will pause after failures. This will allow him to analyze the mistakes, draw conclusions and correct his strategy.

• Automation. Use all the opportunities that circumstances offer. The Online Trading website allows you to download and configure a special automated trading program. The robot can automatically analyze available binary options, select the ideal expiration time and close the deal with millisecond accuracy.

• Management. A professional trader never puts everything "on one horse." Even with a high probability of a correct forecast, the transaction amount should not exceed 10% of the bank. Remember — it's better to earn less than lose everything.

• Progress. Remember that trading is constantly evolving. For this reason, always keep a "finger on the pulse", find out the news and experiment with new strategies.