To trade options on Bitso, you need a verified Bitso account and an activated Stocks account. There is no minimum portfolio. Your access depends on the approval level you receive, not on how much money you have invested.

How to apply

Go to the Options section in the Bitso app. Answer a short questionnaire about your experience and risk tolerance, sign the options agreement, and confirm that you received the official risk disclosure. You get the result right away, and Bitso also notifies you by push notification and email.

Approval levels

• Level 1: you can sell covered calls and cash-secured puts, the strategies backed by stocks or cash you already hold.
• Level 2: everything in level 1, plus buying calls and puts.

Your level depends on your questionnaire answers. In this first stage, multi-leg strategies (spreads) and uncovered options are not available at any level.

Learn Options lessons

Completing the Learn Options lessons is optional. They do not change your access level or approve your account. They are there so you can feel more confident before you trade, whenever you want to review them.

Didn't work? Here's what to do

If you are not approved, you get a clear result. You can answer the questionnaire only once every 60 days, so to try again you must wait that long, with no guarantee that the result will change. Bitso does not share the specific reason for the decision.