Following bitcoin, Ethereum – also called Ether – is another very popular cryptocurrency that is accepted as a funding method by a growing number of binary options brokers. Like other cryptocurrencies, Ethereum offers faster and cheaper transactions compared with international bank transfers, and is accessible for anyone in the world, regardless of regulations in their home country.
Ethereum is known as a platform that many other cryptocurrencies have been built upon. It therefore has a large community of both developers and users, and is considered to be among the most trusted and reliable cryptocurrencies in circulation. Keep in mind, however, that the total cost of funding a binary options trading account with Ethereum will depend on what the broker charges to process the payment. Some brokers do this for free, but others charge a small fee for it.