Crypto.com Bitcoin prediction markets can be incredibly exciting and fast-paced, but they do take a bit of getting used to. It does help if you have some knowledge of Bitcoin or cryptocurrencies in general before giving them a go.
With these markets you’ll be trading on how the price of Bitcoin will change over a few minutes, a day or a few weeks. There are plenty of markets to choose from depending on your knowledge and experience. I recommend using a platform like Crypto.com because it's dedicated to cryptocurrency markets and has a fantastic mobile app.
What are Crypto.com Bitcoin prediction markets?
Prediction markets are trading exchanges where you buy and sell contracts tied to various real world outcomes. With Bitcoin prediction markets specifically, you’ll trade on contracts relating to this cryptocurrency. Other traders will put forward questions on Bitcoin like:
- Bitcoin above __ on July 5?
- What price will Bitcoin hit in July?
- What price will Bitcoin hit June 29-July 5?
- BTC Up or Down 5m
And then all you need to do is choose between the two possible answers. These will usually be Yes or No, but can also be more specific like two different Bitcoin prices. A price will then be set for each option based on how other traders are feeling about it. The prices of each contract are kind of taken like implied probability. But the prices are all a result of how other users are trading.
So for example if other users are mostly trading on the Yes contract, then the price for this will be higher. The higher price then also reflects a higher probability that an outcome will happen. Of course, this probability is based on other traders' opinions just like with Ethereum prediction markets, so it's up to you which way you want to go.
How do Crypto.com Bitcoin prediction markets work?
Once you’ve found the Bitcoin markets that you’d like to trade on at Crypto.com, you’ll see that there are two different contract prices. The price for both Yes and No will be somewhere between $0.01 and $0.99. The price of the contract indicates the probability that the outcome will happen. So for example if a contract is priced at $0.60, then the probability of it being true is around 60%. Similarly, if the contract is priced at $0.20, then this means that the probability according to other traders is 20%.
If you decide to trade on a contract priced at $0.70 and it settles in your favour, then you’ll receive a profit of $0.30. This will then be multiplied by the number of contracts that you’ve purchased. If you’re new to prediction markets like Crypto.com and Polymarket crypto markets, then I’d recommend that you start with a small amount and then you can increase the number of contracts you purchase.
Are there different types of Bitcoin prediction markets?
When it comes to Bitcoin prediction markets at Crypto.com there are a few different kinds that you can choose from. The most common are Yes/No markets where you’ll trade on contracts to decide whether the price of Bitcoin will go above or below a certain price. An example of this would be, ‘will Bitcoin rise above $64,000 by Monday?’. Let's take a look at one of these examples in more detail.
| BTC price today at 12pm EDT | Chance | Yes price | No price |
| $62,600 or above | 95% | $0.95 | $0.06 |
| $62,800 or above | 24% | $0.24 | $0.77 |
Each market comes with a question, a probability and then a price for both Yes and No. In the case of BTC rising above $62,600, there’s a 95% chance that the Yes outcome will be correct. If you trade on this and it turns out to be true, then you’ll receive a payout of $1 for every contract you purchased. This means that your profit will be $0.05 per contract. If you trade on the No outcome at $0.06 per contract, and it’s right then you’ll receive the same $1 payout, but your profit will be $0.94 per contract.
Another option for a longer-term market would be ‘how high will BTC get in July?’. You can trade on this market right now at Crypto.com, with a 66% chance that it will be above $65,000. The price of the Yes contract is $0.69 and the price of the No contract is $0.33. If you trade on the Yes and it settles in your favour, then you’ll receive a $0.31 profit per contract. If you trade on the No and it settles in your favor, then you’ll receive a $0.67 profit per contract.
Short-term BTC markets
You could also trade on short-term markets where you’ll predict how the price of Bitcoin will change over five or 15 minutes. These are incredibly fast paced markets where you’ll need to make decisions quite quickly. This can make them incredibly thrilling, but also means that they’re better suited to experienced traders. Here’s how this could work:
Many prediction markets offer 5 minute crypto prediction markets like BTC Up or Down. When I took a look at the latest Bitcoin markets the target price was $62,644.40 with a 99% chance of it going Up (according to other traders!). The contract price for Yes was set to $0.98 and for No it was $0.011.
| BTC Up or Down | Chance | Yes | No |
| Above $62,644 | 99% | $0.92 | $0.01 |
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Why Crypto.com is a great platform for Bitcoin prediction markets
Even though Bitcoin prediction markets aren’t hard to find, they’re definitely not all made equal. This means that I of course have my favorites and right now I’d recommend Crypto.com. This site is dedicated to cryptocurrencies which means there are an expansive number of markets to choose from. The prediction market side of this site is fairly new, but the mobile app has existed for quite a long time. It’s very clear that the site has been designed to be used on your mobile, so it’s a great choice for traders who prefer to do this anyway.
Using a platform with a dedicated mobile app is always going to be popular for traders because it gives you that freedom to make predictions on the go. This accessibility is really valued among users, including myself because it means whenever I feel like it I can just go into the app and see what’s going on. The app consistently gets really high ratings across all of the App stores, and you can access the site in every state except New York. Crypto.com also has a cool loyalty scheme but it does tend to focus on consistent traders rather than new sign ups.
When I loaded up Crypto.com to see what Bitcoin markets were available, they were mostly focused on the price Bitcoin would be at a specific time of the day. For example, ‘Bitcoin price today at 8:00pm ET’ had options for:
| Bitcoin price prediction | Chance to Win | Yes price | No price |
| $63,020 | 54% | $0.54 | $0.63 |
| $63,100 | 44% | $0.44 | $0.67 |
| $62,940 | 64% | $0.61 | $0.45 |
| $63,180 | 35% | $0.28 | $0.79 |
So how would I interpret this? Well, it seems that the most likely scenario is that the price of Bitcoin would rise above $62,940. Based on how other traders are making their predictions, there’s a 64% chance that this will happen. Remember though that all of this should be taken with a pinch of salt with no guarantees. The price of Bitcoin moves rapidly, even while I was checking these markets it was going up and down. The good thing about Crypto.com is that it will show you the price of Bitcoin in real time and the price of contracts will rapidly update as traders make their predictions.
Pros and cons Crypto.com Bitcoin prediction markets
- Loads of Bitcoin markets to choose from
- Trade on short-term or long-term markets
- Crypto.com has a mobile app
- Bitcoin can be volatile
How to trade on Crypto.com Bitcoin prediction markets
If the Bitcoin prediction markets at Crypto.com sound interesting to you, then I’ve put together this handy step-by-step guide to help you with your first trade.
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Create an account with Crypto.com
The first thing you’ll need to do (if you haven’t already) is sign up to Crypto.com so that you can access all of the available Bitcoin prediction markets here. I’d always recommend taking a look around the site before you sign up. It's important to make sure that it's right for you and your style of trading. The good news is that Crypto.com has several Bitcoin prediction markets, both short-term and long-term, so you’re unlikely to not find what you’re looking for. Crypto.com also has a mobile app or those who prefer to trade on the go.
Once you’re happy, click on our Crypto.com banners to load up the site. Find the join button, and use it to open up the registration form. You’ll find a few fast fast sign up options which I always prefer, or enter your email address to do it manually.
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Verify your account
Most prediction markets will ask you to verify your account before making any trades, and Crypto.com is no exception to this. Even though it's not essential to do right away, I find it often saves you a lot of hassle if you can complete the process earlier rather than later. Usually this will involve uploading copies of your government-issued ID to prove your identity, along with proof of your address. This is because prediction markets aren’t available everywhere, so Crypto.com just needs to know that you live somewhere that they’re legal to operate.
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Make your first deposit
The good news is that Crypto.com will sometimes have sign up offers that you can claim with a qualifying deposit. The bad news is that I couldn’t find any active offers right now, but it’s still something to mention as I’ll put any new offers in the page banners. Sometimes there are qualifying minimum deposits to claim these offers when they’re running, so it’s always worth double checking.
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Browse the Bitcoin markets
There are a few ways to find the available Bitcoin markets, the first is to click on the crypto heading and scroll down until you find the right one. Or you use the search bar, which is often the faster way. Once you’ve found the market you’re interested in, you’ll then need to decide how you’re going to trade. Are you going to purchase the Yes contract or the No contract (or whatever the equivalent is)? Use the available charts to help you and decide which way you’re going to go.
Confirm your trade
Double check all of the details of your chosen trade and select the amount of contracts you’d like to purchase. It’s always worth taking 30 seconds to confirm everything is correct because once you’ve confirmed your trade, there’s no undoing it. You can pull out of a trade whenever you like, but the prices are always changing because Bitcoin is so volatile. This means that even a few minutes can make a huge difference to your potential profits. Once you’ve confirmed everything, all that’s left to do is wait to see how it settles. If you’ve selected a long-term market, then you could go and explore available Solana prediction markets or any other cryptocurrency in the meantime.Final thoughts on Crypto.com Bitcoin prediction markets
Overall, Bitcoin prediction markets can offer a lot of variety with both short term and long-term markets available to choose from. Long-term markets allow you more time to make your decision and do any research you think necessary, whereas short-term markets are super fast-paced and better suited to experienced traders. I’d recommend Crypto.com to any users looking to give Bitcoin prediction markets a go. The platform is dedicated to cryptocurrencies, so you’ll be able to see all of the updates in real time. And with the downloadable app, you can have hundreds of markets available to you with just a few taps.
While Crypto.com doesn’t have a specific sign up offer, there are a few ongoing rewards including a referral program where you can pick up bonus credits. Check out our page banners for the most up to date bonuses and click our links if you wish to get started today.
Bitcoin prediction markets FAQs
What are Crypto.com Bitcoin prediction markets?
Crypto.com is an exchange platform where you can trade contracts based on the outcome of Bitcoin. Traders will set different questions and then you can trade on either the Yes or No contract. Each contract will have a set price and then you simply choose how many contracts you’d like to trade. Since these are Bitcoin markets, the questions all focus on the price of Bitcoin and how it will change. This ranges from how the price will change in the next five months to how it will change in the next five minutes.
How do Crypto.com Bitcoin prediction markets work?
When you select a market you’ll then choose to trade on either the Yes or No outcome. The price reflects the chance that it will happen, so if a contract is $0.80 then this means there’s an 80% chance that it’ll happen. The prices are set based on how other people are trading and how they think the market will perform. Once a market closes, if you predicted correctly, then you’ll receive a $1 per contract payout. The lower the contract price was, the higher your profit will be.
What types of Crypto.com Bitcoin prediction markets are there?
There are a few different Bitcoin prediction markets, with the main ones being long-term or short term. Long term markets could be things like ‘What price will Bitcoin be by August?’. Whereas short-term markets could either be either ‘how will Bitcoin price change in the next 5 minutes?’ or ‘how will the price of Bitcoin change by tomorrow?’. I’d recommend starting with the longer-term markets first, as there is more time to make decisions. Whereas with short term markets you could be placing trades within a couple of minutes, so it requires a bit more knowledge and confidence.
Who are Crypto.com Bitcoin prediction markets suitable for?
Anyone with an interest or some knowledge of Bitcoin can give the prediction markets on Crypto.com a go. There is a bit of a learning curve but once you’ve made a few trades, it will all start to come quite naturally. You’ll of course need to be at least 18 to sign up and be located in a legal state.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.