Cryptobo Review 2024


1.5 / 5
Cryptobo is #8 in our binary options broker rankings.

Cryptobo will appeal to crypto binary options traders looking for high payouts, anonymity and a sleek trading platform.

- Daytrading Review Team

Cryptobo claims to be the first Bitcoin-based binary options broker, with 1.5 million registered clients and 50,000 trades executed on average per day. Users benefit from 24/7 trading opportunities with up to 91% payouts, alongside no minimum deposit and three-hour withdrawals.

0.0000001 BTC
Own
Forex, Stocks
10% deposit bonus
Bitcoin Payments
Binary Options Trading

Cryptobo is a binary options-only broker with high payouts and a sleek, intuitive trading platform. With no minimum deposit, payouts up to 91% and a minimum trade size 0.0000001 BTC, you can get started quickly.

Forex Trading

You can trade binary options on a range of major, minor and exotic currency pairs such as EUR/USD, USD/JPY and GBP/USD. You can choose the currency asset and timeframe in a few clicks on the web platform.

Stock Trading

Cryptobo offers 22 stocks to trade as binary options including Amazon, JP Morgan and P&G. On the negative side, the range of shares trails the best binary options brokers.

✓ Pros

  • You can trade binary options on crypto, stocks, forex, indices and commodities
  • Trade anonymously with no KYC checks
  • High payouts up to 91% per trade
  • Customer support is available 24/7
  • 500 Satoshi bonus for new clients
  • No minimum deposit

✗ Cons

  • Unregulated broker with low trust score
  • No expiry times beyond five hours
  • Limited company details available
  • Some negative user reviews
  • High minimum withdrawal
  • No live chat support

Cryptobo is a brokerage firm that claims to be the first-ever crypto-based binary options broker in the world. Following various crypto bubbles and ‘cryptobooms’, cryptocurrencies have become a serious form of payment and Cryptobo has recognized that. With all deposits and withdrawals made in Bitcoin and a variety of cryptocurrency assets to trade, it is embracing the ever-growing decentralized currency world. This 2024 Cryptobo.com review will run through everything you need to know, from payment methods to the assets you can trade.

Cryptobo Headlines

Cryptobo was founded in 2017. The company’s origins and details are shrouded in mystery, with no official information being disclosed. While this could be seen as shady, it could also be viewed as being in keeping with Bitcoin and crypto’s background of decentralization. After all, other than the pseudonym Satoshi Nakamoto, we know nothing about Bitcoin’s origins or creators.

In the same vein, no details of regulation are provided, meaning it is likely an unregulated broker. Cryptobo does not support US traders but there are still over 1.5 million users registered and over 900 traders online at any given time, conducting upwards of 50,000 trades per day.

Trading Platform

Cryptobo’s trading platform is like those used by other binary options brokers. Following signup, enter your login details to visit the trading platform. Navigation is simple and easy, your balance is displayed clearly at the top of the page, quoted in Bitcoin. Notifications can be set up easily through the bell icon, so you can be told when assets you are interested in hit certain prices. Opening trades is simple, the charts indicate “call” and “put” bars coloured in greed and red where you enter trades.

Assets

There is a range of assets available to trade with binary options on Cryptobo, such as cryptocurrency pairs, stocks and more. The rokerb offers multiple expiration times for binary options trades, including one, five and ten minutes and one-, two- and five-hour options.

Some of the assets available are:

Payout

As Cryptobo is a binary options trader, spreads and commission are not charged. Instead, each asset is given a pay-out before purchase. This way you know exactly how much money you stand to make before you place a trade. The broker promise a pay-out of up to 91% on successful trades, paid in Bitcoin. This means that if you place a trade worth 0.1 BTC, you will win 0.091 BTC on top of your stake.

Payment Methods

All deposits on Cryptobo are made with Bitcoin, there is no alternative. The broker does not impose a minimum deposit restriction on traders, you can deposit any amount you are willing to trade with. However, the minimum trade amount is 0.0000001 BTC (or ten Satoshi), so you will need at least this much in your account. Funds become available as soon as they have been confirmed on the Bitcoin blockchain network. Typically, this takes around ten minutes.crytpobo binary options trading platform

Withdrawals from Cryptobo are also only available in Bitcoin. The minimum withdrawal amount is 0.002 BTC. Users simply provide the wallet address they want to withdraw the funds to and the amount they would like to withdraw, then confirm. Withdrawals are usually completed within 3 hours but, during busy times, they can take up to 24 hours. A fee of 0.0004 BTC is charged per withdrawal.

Leverage

As far as we are aware, Cryptobo does not offer any leverage to traders. Users are only able to trade with the capital they put in. While this means you cannot boost your winnings, it also means that larger losses are not incurred.

Mobile Apps

Cryptobo does not offer a dedicated mobile app. Instead, the broker’s web trading platform can be accessed through your mobile’s internet web page. The web app works seamlessly through mobile devices and provides a great option for on the go trading. Opening and closing trades is just as simple as it is on a desktop computer.

Demo Account

Cryptobo does not offer a demo account. However, upon opening an account, users are credited with 500 Satoshi (0.000005 BTC) which they are free to start trading with. This essentially acts as a demo account as it can be replenished once it is spent. It should be noted that 500 Satoshi is worth only around $0.25, hence the company are willing to keep offering out said funds.

Deals & Promotions

As mentioned, Cryptobo offers 500 Satoshi, or 0.000005 BTC, to every user who signs up. The brokerage firm also runs further promotional programs on top of this. Currently, users can receive a 10% bonus on top of any funds deposited. It should be noted that if you want to withdraw these funds, a certain level of turnover needs to be achieved. If you deposit 0.1 BTC, you will need to turnover (0.1 + 0.01) * 10 = 1.1 BTC. Refer to the website for up-to-date bonus programs and more details on terms and conditions.

Regulation & Licensing

Cryptobo’s regulation details are kept hidden. It is not clear whether they are regulated by a body or not, though the latter is more likely. This is a slight cause for concern, but it is in keeping with Bitcoin’s lack of regulation. This also allows the broker to provide an anonymous service, with no KYC checks or ID verification.

Automated Trading

There are several crypto bots available online for Cryptobo, or ‘Cryptobots’ as they call them. These can be installed and will automatically place trades for clients based on signals.

Account Types

Cryptobo does not offer multiple live account types. There is a one-size-fits-all live trading account that all users must open. This means there is no paywall stopping you from having access to the best deals and pay-outs available.

Trading Hours

Trading hours for Cryptobo relate directly to the asset involved and exchange it is linked to. Cryptocurrency pairs can be traded 24/7 and most over-the-counter currency pairs can also be traded 24/7. The rest of the currency pairs follow the standard forex trading times with breaks on the weekend. Stocks and indices trade during the hours of the stock exchanges they are listed on.

Cryptobo review 2021
Cryptobo Trading Platform

Customer Support

Cryptobo offers 24/7 support to customers should they face adversities. They can be contacted via the following methods:

Safety & Security

One benefit of trading with Cryptobo is that the broker does not hold much of your personal information. No know-your-customer (KYC) verification is required so the only information given to the broker is your email and wallet address. This means that, in the event of a data breach, there is no critical information lost.

Cryptobo Verdict

Cryptobo is a binary options broker aiming to do things differently. While its claims of being the first crypto-based binary options broker may be exaggerated, basing all deposits and withdrawals in Bitcoin is certainly a unique feature. This review flagged up some cautionary details, such as the lack of regulation and high withdrawal limits, but there are some distinct advantages to trading with Cryptobo, including its diverse range of assets and high payouts.

FAQs

Where Is Cryptobo Regulated?

Cryptobo appears to be an unregulated binary options broker, offering anonymous trading services.

How Much Capital Do I Need To Trade With Cryptobo?

There is no minimum deposit on Cryptobo. Therefore, you are free to start trading with any amount of capital, especially when you consider the free 500 Satoshi offered to each user.

Can I Trade Binary Options In The UK?

Binary options have recently been made illegal in the UK. However, as Cryptobo is not regulated by the FCA, UK traders will still be able to trade binary options through them.

Are Binary Options On Cryptobo Safe?

Binary options are inherently risky and it is no different on Cryptobo. Big winnings can be made but losses are also easily incurred, trade with caution.

Does Cryptobo Offer A Demo Account?

Cryptobo does not offer a demo account. However, 500 Satoshi is offered to each user, which almost acts as a demo account, especially as it can be replenished.

Top 3 Alternatives to Cryptobo

Compare Cryptobo with the top 3 similar brokers that accept traders from your location.

  1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex
  2. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
    Go to Videforex
  3. RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
    Go to RaceOption

Cryptobo Comparison Table

Compare Cryptobo With Similar Brokers
Cryptobo World Forex Videforex RaceOption
Rating 1.5 4 3.6 3.5
Markets Forex, Stocks Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs, Forex, Indices, Commodities, Crypto Binary Options, CFDs
Demo Account No Yes Yes Yes
Minimum Deposit 0.0000001 BTC $1 $250 $250
Minimum Trade 0.0000001 BTC 0.01 Lots $0.01 $0.01
Regulators SVGFSA
Bonus 10% deposit bonus 100% Deposit Bonus 20% to 200% Deposit Bonus 20% – 200% Deposit Bonus
Education No No No No
Platforms Own MT4, MT5 TradingView TradingView
Leverage 1:1000 1:500 1:500
Payment Methods 1 10 8 9
Visit Visit Visit Visit Visit
Review World Forex
Review
Videforex
Review
RaceOption
Review

Compare Trading Instruments

Compare the markets and instruments offered by Cryptobo and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Cryptobo Trading Instruments
Cryptobo World Forex Videforex RaceOption
Binary Options Yes Yes Yes Yes
Expiry Times Up to 5 hours 1 minute – 7 days 5 seconds – 1 month 5 seconds – 30 days
Ladder Options No No No Yes
Boundary Options No No No No
CFD No Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities No Yes Yes Yes
Oil No Yes Yes Yes
Gold No Yes Yes Yes
Copper No No Yes No
Silver No Yes No Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No No Yes Yes
Options No No No No
ETFs No No No No
Bonds No No No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Cryptobo vs Other Brokers

Compare Cryptobo with any other broker by selecting the other broker below.

 

Customer Reviews

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Cryptobo claims to be the first Bitcoin-based binary options broker, with 1.5 million registered clients and 50,000 trades executed on average per day. Users benefit from 24/7 trading opportunities with up to 91% payouts, alongside no minimum deposit and three-hour withdrawals.