The Second Chance Coin is a one-time opportunity available for each Binary Options contest, triggered when your balance falls below $1,000. This coin provides traders with a valuable chance to stay in the game without making additional deposits. Once activated, after winning a heads or tails event, your balance will be recharged with virtual funds, allowing you to continue trading without risking real money. However, if you lose your virtual funds again, you will need to purchase a recharge item with actual money to restore your balance.