Can you hedge Nadex binaries with spreads and what would be some of the advantages or disadvantages?
Yes you can hedge binaries with spreads but there may be no reason to depending on the spread
You will increase risk on initial entry and movement to breakeven distance requirement
The advantage is if your wrong binary could cover all loss but it may not help you at all if the binary is not profitable
Why would you want to hedge it is the first question (in light of the above)