Block Option ( – decentralized network. Cryptocurrecny DEX

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Should I register an account on the Block Option?

вњ… This Trading Platform is available in United States

Any field of activity in which there is a large cash flow, always attracts the attention of representatives of the criminal world. And the financial market is no exception. In parallel with the advent of new brokerage companies, “services” of scammers are created, many of them are made so professionally that even experienced traders and financial analysts fall into the “networks” of talented scammers. But the problems do not end there. The interweaving of new online trading trends, confusion with the legal status of popular trading assets, interference by scammers, etc. led to the fact that novice (and sometimes experienced) traders began to look with suspicion at all the innovations that the global financial market offers them, through traditional intermediaries – brokerage companies.

These factors had a negative impact on the activities of the Block Option – a decentralized platform for executing transactions with binary options. It is not difficult to guess that the above factors are the main cause of the current situation. Many potential users of the site simply doubt that its owners / administrators will fulfill their financial obligations. Is there any reason for such suspicions, or does someone similarly eliminate a competitor? To answer this question, it is necessary to study in detail the information about the Block Option, taking into account the opinions of both the supporters of the platform and its opponents.

Block Option – a promising service for working with binary options or a long-term project of scammers?

Anticipating the question of many readers of this review about the “long-term projects of scammers”, one important clarification needs to be made. Most commercial activities do not allow the same fraudulent scheme to be used for an extended period of time. For example, the project – “you won a car, but you need to pay a small tax, $ 200-500” allows you to cheat 3-5, well, a maximum of 10 people. And very quickly all the media will begin to talk about this scheme. In the financial market, “bookies” have been deceiving traders for years without even fearing that they can be punished for this or present real evidence of their fraudulent activity.

Block Option Security

But back to the main topic of the review. Created for Block Option, the application is directly related to EtherZero (Ethereum hardfork), they, complementing each other, demonstrate higher development rates than other similar services. It is also necessary to take into account that the resource in question functions using the blockchain technology, which has a positive effect on its security.

Novice traders are sometimes alarmed by the fact that the site in question is not a subject of the European financial market. But in this case, the Europeans themselves are to blame for constantly complaining about binary options brokers (accusing them of their losses). As a result, one of the most authoritative regulators in the world of ESMA, made a simple decision – to ban BO in the territory of the EU. Today, the company is focused on the financial markets of Vietnam, Singapore, China, Russia and others.

It can be said that the blockchain technology is the basis for the security of the company’s customers, and the mechanism for conducting financial transactions does not differ from working on other platforms, the participant’s task is to guess the direction of the asset value change over a given period of time. Be sure to consider these factors if you have doubts about whether to register a login on the Block Option or whether it is better to invest your savings in other projects.

Education of novice traders

The resource creators of the resource offer users a whole section on the company’s official website, where you will find a huge number of answers to questions that may arise in the course of trading operations. The demo account created on the Block Option is a great opportunity to get practical training by entering into transactions, without using your own money.

Trading with Block Option: analysis of key parameters

Despite the rather pessimistic forecasts of the opponents of the project, he continues to work, fully fulfilling his obligations. This is evidenced by the reviews prepared by the Block Option (available on relevant forums and websites), as well as statistical data that anyone can check.

What should the novice user of the service in question know?

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    • Binding to Ethereum allows you to solve all financial issues without any problems, while working on this platform.

    • Financial operations in this case do not contradict the interests of the administration of the resource.

    • The high potential of the proposed areas of placement of funds allows, during the day, to increase its capital by 1.5-2 times.

    • The service in question is of interest not only to traders, but also to ordinary investors, many of whom have a vague idea about the formation of income on binary options trading platforms.

    • Practice shows that 90% of online trading fans who like to work with binary options consider that the resource in question is one of the most interesting among similar sites.

Despite the huge number of advantages of the Block Option, you need to remember one important point. Transactions with binary options have always been considered highly risky, so before you start working on such sites, develop a strategy that meets your goals.

Switcheo Network Review: Decentralized Cryptocurrency Exchange

Switcheo is a decentralized cryptocurrency exchange that is positioned as “The Preferred Exchange.” It is currently integrated with three blockchains including NEO, Ethereum and EOS blockchains to support ERC-20, NEP-5 and EOS tokens. The cryptocurrency trading platform also offers Over-The-Counter services and has Atomic Swap markets which allow traders to do cross-chain trades without requiring a trusted third party.

As a “decentralized exchange” (DEX), anyone can use Switcheo Exchange without going through a KYC (Know-Your-Customer) process. The exchange platform makes peer-to-peer trading simple and is already regularly used by more than 30,000 traders from around the world.

How is Switcheo Different from Other DEXs?

There are many types of decentralized exchanges, each with varying degree of decentralization. Switcheo is launched as a decentralized “wallet” exchange where traders remain the custodian of their own assets throughout the entire trading process, also known as a non-custodial exchange.

All transfers of funds and trades on Switcheo Exchange are done through smart contracts. As a result, Switcheo is immune to typical exchange hacks since the exchange does not have a central wallet that stores user’s funds – which is a common target for hackers. The lack of this central point of weakness makes trading on Switcheo Exchange very secure. The exchange also supports direct login from hardware wallets such as Ledger and Trezor.

In addition to security, Switcheo is very user-friendly for a decentralized exchange. The exchange has a simple, intuitive and uncluttered design that makes it easy to use for both new and regular traders.

Key Features


Users maintain custody of funds while trading. This protects traders from loss of funds through the exchanges common wallet being lost or hacked, which occurs frequently to centralized exchanges. This also protects traders from exchange closures or scams as well. This means that even if Switcheo is no longer in operation, users will still be able to withdraw funds by interacting directly the blockchain. Instructions on how to do this are provided on the projects’ Github page.

Switcheo strongly emphasizes that the exchange does not store users’ data, and confidential details such as your private keys or passwords never leave your browser.


Contrary to the common belief that decentralized exchanges are slow and hard to use, orders placed on Switcheo Exchange are instantaneously confirmed. Switcheo achieves this by managing its own order book using an off-chain matching system. Fund settlement is queued in the background by Switcheo’s backend and broadcasted to the respective blockchains (Ethereum, EOS, NEO). This allows Switcheo to minimize your exposure to malicious attacks, while still ensuring its exchange is highly efficient. Altogether, you can expect a smooth trading experience with better security when you trade on Switcheo Exchange.

Ease of Use

The key differentiator between Switcheo and other decentralized exchanges is definitely the superior user experience it provides. As mentioned before, the exchange platform showcases a trading interface that is very intuitive. Whether you are an advanced trader or a new investor, you will have the ability to buy and sell crypto at competitive rates quickly and easily.

You can also access Switcheo Exchange directly from your mobile devices as the exchange can be viewed from your mobile web browser. It also offers integration with popular mobile wallets such as Trust Wallet and O3 Wallet. You can also create a Switcheo Account option which allows you to immediately get started without any cryptocurrency wallets. With the wide range of login options, anyone can onboard onto Switcheo quickly.

Since it is also intuitive to use and offers a wide range of login options, just about anyone can learn to use Switcheo quickly.

Customer Support

Switcheo has an informative FAQ and support page that answers the common questions you may have. The support page also offers instructions on how to log in, buy and sell crypto on its various markets. Users with specific inquiries can reach out to their support team which via email or Telegram, which is available 24/7.

Switcheo Sign Up & Log In

There are many ways to log in and trade on Switcheo Exchange, and none of them require a KYC process currently.

Log in with a Switcheo Account

Switcheo Account is really a multi-chain exchange wallet that lets users store and manage crypto assets from all the blockchain that Switcheo has integrated with. It uses mnemonic phrases to generate wallets and stores an encrypted version of it on Switcheo’s backend. This means that saving the mnemonic phrase when creating an account is important as Switcheo cannot access your wallets and it must be used if you forget your password!

2FA via Google Authenticator and email verification is also available as additional security measures.

The sign-up process consists of a few simple steps and takes about 3 minutes to set up.

Log in with Your Own Crypto Wallet

Switcheo also lets users connect with their own blockchain wallet if they do not wish to create a Switcheo Account. There’s wallet supported for each blockchain Switcheo has integrated with:

  • NEO: Ledger, O3 Wallet, JSON File, Encrypted Key, Private Key
  • Ethereum: Ledger, Trezor, Metamask, Trust Wallet, Coinbase Wallet, imToken Wallet, Private Key
  • EOS: Scatter, TokenPocket, Private Key

For each wallet option, Switcheo shows the steps to connect as shown below.

Log in via Mobile Applications

If you want to use a mobile application to trade on Switcheo Exchange, you can do so via 3rd-party mobile wallet apps such as Trust Wallet, imToken Wallet, Coinbase Wallet and O3 Wallet. These integrations are part of Switcheo’s initiative to allow crypto users to take advantage of its platform as easily as possible.

Deposits and Withdrawals

Switcheo has a straightforward deposit and withdrawal process, both of which are free of charge (excluding network fees).

After logging in, navigate to Your Wallet at the top right corner, enter the amount you wish to deposit or withdraw, and click the green arrow.

Note that if you are depositing ETH for the first time and are logged in using Switcheo Account, a minimum of 0.03ETH will be reserved under “Switcheo GAS” to pay Ethereum network fees during funds transfers. This amount can be changed under “Settings”.

Buying and Selling

Assets that are deposited go into the exchange’s Contract Balance and are immediately available for trading.

To start trading, simply use the drop-down box located top left to select your trading pairs. Pairs with the “Swap” label are Switcheo Atomic Swap markets.

The order form on Switcheo Exchange is on the left side of the page. Users can select from the two order options: Limit Order or Market Order.

To place an order on your selected token, choose from the Buy or Sell tab and enter the quantity.

If you are logged in using MetaMask, it will request a signature on a separate window which you have to click a confirmation button to authorize your transaction.

Trading on Atomic Swap Markets

Performing a cross-chain trade is just as simple as trading on the regular markets.

First, you will need at least two blockchains wallets, or your Switcheo Account connected to Switcheo Exchange.

After placing your buy or sell order, click on “Sign to Complete” to confirm your transaction.

You will have 10 minutes to confirm your transaction before it expires. Once a trade expires, the tokens will be locked in Switcheo for 24 hours. After which, it will be returned to your wallet.

If you wish to skip the additional step above, activate the toggle “Skip Waiting” at the order form on the left. This option is turned off for all new users by default.

Buying and selling on Switcheo Atomic Swap markets allow you to trade between two different blockchains, such as exchanging NEO for Ether. These markets do not have order books, as Switcheo is the counterparty for all its cross-chain trades. The exchange uses an algorithmic market making formula to ensure liquidity, and that the trading price of each asset is correct and relative to market demand.

Using Switcheo OTC Platform

Switcheo also offers an OTC trading platform that allows crypto buyers and sellers to connect directly. Instead of using the exchange, a buyer and seller can agree to whatever terms they want and use the Switcheo OTC platform to complete the deal.

The OTC platform can be used for both the Ethereum and NEO networks, and uses smart contracts to act as escrow, which ensures that there is zero risk for both parties. If you would like to know more about how to use the Switcheo OTC platform, this page will give you all the information you need.

Switcheo Fees

Switcheo Exchange has a low fee structure that is suitable for both new and regular traders. You can also pay your trading fees with the Switcheo token (SWTH) for a 25% discount.

Switcheo subsidizes network fees for all their users. These are fees paid to cover the costs of committing transactions on the blockchain.

Although, if you make very small trades where your network fee exceeds the trading fee by more than 10%, you will be expected to pay the network fees.

The actual network fees charged is dependent on which market you are trading on, and the current load on the network. Visit the Switcheo page for the full list.

Withdrawals and trading fees on maker trades are free of charge, making it very attractive for market makers and arbitrage bots.

Switcheo Rebates

Switcheo has a Maker Rebates Program for transacting on the Ethereum blockchain that applies to all orders executed as a maker.

If you execute your price your order via the Switcheo API, you will receive 50% of the fees for trading the taker paid. If you do not use the API and submit your order via other methods such as via the exchange or third-party wallet app, you will receive 25% of the taker’s trading fees. These rebates can be seen from the above trading fee table.

Rebates are accrued on every trade and the maker will receive the rebates in their contract balance on a quarterly basis. The payouts will only occur when the minimum balance is reached. You can view a full list of the minimum required balance in each currency in the Support section of Switcheo.

Community Presence

Switcheo has a strong community presence. There are official channels for Telegram, Twitter, Reddit, Facebook, Medium, and LinkedIn. Users are strongly encouraged to join the community. Doing so provides access to updates, support as well as connection to like-minded individuals.


Overall, Switcheo Exchange is a very well-designed DEX that is surprisingly easy to use. It was the first of its kind for the NEO (NEP-5) blockchain, and now also supports Ethereum (ERC-20) and EOS tokens.

It’s stunning interface, non-custodial nature, combined with cross-chain swapping capabilities makes Switcheo Exchange a very attractive choice for traders looking for a new go-to DEX at the moment.

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