Do I need a special account to buy options on cryptocurrencies?

3 answers

• Mar 18, 2022 · 3 years ago
  Yes, you will need a special account to buy options on cryptocurrencies. Most cryptocurrency exchanges offer options trading as a separate service, so you will need to open a separate account specifically for options trading. This is because options trading involves different risks and requires additional permissions and approvals from the exchange. Make sure to check with your exchange to see if they offer options trading and what the requirements are.
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• Mar 18, 2022 · 3 years ago
  No, you can use your regular cryptocurrency exchange account to buy options on cryptocurrencies. Many exchanges offer options trading as an additional feature within their regular trading platform. You may need to enable options trading in your account settings or meet certain criteria, such as account verification or minimum trading volume. Check with your exchange for more information on how to access options trading.
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• Mar 18, 2022 · 3 years ago
  Yes, you will need a special account to buy options on cryptocurrencies. At BYDFi, for example, you can open a separate options trading account to trade options on cryptocurrencies. This allows you to have a dedicated account for options trading, separate from your regular cryptocurrency trading account. Opening a separate account can help you manage your options trades more effectively and keep track of your options trading activities.
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