The Second Chance Coin is a one-time opportunity available in each Binary Options contest, activated when your balance drops below $1,000. It gives traders a chance to continue participating without using real money. To use it, flip the coin by selecting heads or tails. If you win, your balance is recharged with virtual funds, allowing you to keep trading in the contest. If your virtual funds are lost again, you will need to purchase a recharge item using your real balance to restore your account.