Race Option

Race Option is a centralized cryptocurrency exchange founded in London in 2014 and offers functionality for COIN-M and USDT-M futures trading, demo trading, binary options, spot trading, and copy trading.

Trading on Race Option expands opportunities for copy trading, and will soon allow you to earn passive income up to 40% per annum.

You can register on the Race Option exchange using your phone number or email address.

In order to sign up, a user is advised to come up with a complex password.

To confirm, a code will be sent to your phone or mail, which you need to enter in order to complete the registration.

The user can trade without verification, but with restrictions, such as:

• There is a withdrawal limit of 0.1 BTC per day.
• Some features and bonuses are not available.

Verification is a standard KYC check, where you need to send a passport or other identification data for verification, confirm the country of residence.

To start the verification, hover over the profile icon and select the "Verification" menu item.

Click "Pass Verification" and follow the instructions:

1. Choose a country.

2. Enter your first and last name in English.

3. Select the type of document: driver's license, passport or other documents.

4. Enter the document number.

5. Upload the required photo documents. If verification occurs from the phone, then you can immediately use the camera directly from the application.

6. The maximum file size is 2 MB.

7. Also take a selfie while holding a document and a piece of paper with the word Race Option and the current date.

8. Submit the data and wait for the verification to finish.

A deposit in cryptocurrency on Race Option can be made through the "Wallet" - "Deposit" section.

1. Select the desired coin using the drop-down list.

2. Pay attention to the correct choice of the blockchain (especially for cryptocurrencies operating on multiple networks).

3. Copy the wallet address generated by the system and transfer funds to it (you can use the QR code when transferring from your mobile).

It is possible to purchase digital assets from a card of almost any bank.

To do this, open the "Buy Cryptocurrency" section. Choose a fiat currency for payment, enter the amount you are ready to give.

Select the cryptocurrency to receive and the payment method from the available ones (it is recommended to use one of the first four options):

• Visa
• Mastercard
• Google Pay
• Apple Pay
• PayNow
• InstaPay
• PayID

The payment service providers that will ensure the operation are displayed below.

The user needs to select the appropriate option and pay for the purchase using the selected method. The purchased coins will be credited to the exchange account within 5-10 minutes.

You can withdraw assets from Race Option only in cryptocurrency - to an external wallet or by internal transfer.

Go to the "Wallet" -> "Withdrawal" section.

There will be two sections inside.

In the first one, you can transfer cryptocurrency to any third-party wallet, indicating its address and amount, taking into account the established limits.

The second section allows you to transfer assets to another user of the exchange - for this you need to know his cryptocurrency address.

Internal transfers are carried out without commission.

Race Option offers the following types of orders for spot trading:

• Limit order. You can specify in the application the desired price of the asset, upon reaching which the operation will be completed.
• Market order (selected from the drop-down list in the block for creating orders, on the “limit order” tab). Only the number of assets bought or sold is indicated, and the transaction is executed immediately, at the same moment at the market price.
• Trigger order. An order type with a preset order price and a specific execution condition. When the market price reaches the trigger, an order will be placed at the specified price. A trigger order allows you to pre-set the buy and sell price to automatically lock in profits or losses.

The trading terminal is standard and quite understandable - in the center, there is a chart of price dynamics, on the left you can select the desired trading pair, on the right is the order book, where you can switch to displaying the history of transactions if necessary.

Below the chart is a section for creating orders.

Quite recently Race Option developers implemented the feature to open unified USDT accounts for derivatives trading.

A trader can choose USDT as a margin for trading different trading pairs at the same time, and all these contracts have common parameters:

• Account balance;
• PNL (Profit & Loss parameter);
• Risk;
• Leverage.

The maximum leverage on the platform is 125x.

Let's move on to one of the main features of Race Option, which is why this exchange has become so popular.

Copy-trading, or social trading, in a nutshell, is a subscription (i.e. following) to a successful trader and the repetition of his trading strategy.

The Copy Trades feature on Race Option allows you to select multiple elite traders and synchronize their actions to achieve profitability.

• High security and transparency of all transactions.
• Automatic synchronization of actions with the movements of the trader, so there is no need to constantly monitor the process.
• The ability to intervene in the process, close and open transactions at your discretion.
• An intuitive interface where you can easily track profits.

• Additional income: traders directly receive up to 10% profit from their followers.
• Race Option provides elite traders with a unique interactive experience.

The Copy Trading section contains a list of all elite traders.

You can subscribe to anyone who’s available, paying attention to the following parameters: the number of subscribers, PNL 3H (profit and loss ratios for the last three weeks), profitable trades for the last three weeks rating.

The number of places to subscribe to a trader depends on his balance.

Please note that subscribing to a trader in no way gives a guarantee of profit. If you do not control the process, there’s still a chance of losing your deposit.

Race Option has one of the most convenient demo account systems among all crypto exchanges.

No need to register a separate account or perform other unnecessary actions.

Just go to the "Futures" -> "USDT-M demo" or "COIN-M demo" section.

And you can immediately start trading virtual assets - at the start, 3000 virtual USDT is given.

Every beginner is recommended to start with demo trading in order to learn the functionality of the exchange and understand how the market works.

There is no deposit fee on the Race Option.

The withdrawal fee is individual for each cryptocurrency, for example:

• 0.0006 BTC
• 1USDT
• 0.006ETH
• 0.001LTC
• 0.1 XRP

Spot Commission:

• Basic - 0.1%
• With payment in BGB – 0.08%

Futures Commission:

• Maker - 0.02%
• Taker - 0.06%

Pros

• Large selection of trading pairs.
• Low commissions + special bonuses/discounts
• Copy-trading feature
• Internal transfer to another user without commission.
• There are apps both available on mobile devices and PC.
• US, Canadian, Australian licenses.
• Demo account.
• Cash bonuses to pay commissions.

Cons

• Unfinished mobile applications (crashes, advertising).
• Negative reviews mainly contain complaints about the unstable operation of the application itself, inefficient copy trading, and difficulties with passing verification.

What are the features of the Race Option exchange?

The exchange has a convenient interface and allows you to trade on the spot and contract markets. The main feature is copy trading - the ability to copy the strategies of successful traders.

Is verification required?

Not required, but if you are going to make purchases with a card, participate in certain activities and other events, or want to expand withdrawal limits, then you will have to go through it.

Trading commissions in the spot market?

Base Commission 0.1%.

Trading commissions on future contracts?

Maker - 0.02%, taker - 0.06%.

Is there a demo account?

Yes, you can trade on the contract market in demo mode. 3000 virtual USDT is given.

Does the Race Option exchange have applications?

Yes, there are apps both for mobile devices and for PC.

Race Option is a platform with easy-to-click copy trading, but it should be noted that this useful feature requires careful attention and is not a guarantee of profit.

The platform offers traders a large number of popular (and not so) trading pairs, the ability to purchase coins using a bank card directly.

All these parameters have led to the fact that the platform has become very popular and hundreds of millions of dollars in transactions are carried out on it daily.