Binance Futures Beginner’s Guide

 Binance recently launched a futures trading platform – Binance Futures – that allows traders to use leverage and to open both short and long positions. After our first look and test positions, we can say that the platform is very similar to that of Binance’s spot exchange, which makes the transition very easy. The user experience is just as smooth, and trading is relatively simple.

50 USDT Free Vouchers (Exclusive to Thereferralcodes)
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How to receive a 50 USDT free voucher and 10% off fees?

First, you will need to sign-up using this link, which uses the unique sign-up code: Thereferralcodes
The 50 USDT bonus will be granted once 500 USDT or equivalent trading volume is reached. Aside from the 50 USDT bonus for the first 200 users only, using the code will grant you immediate 10% off fees for the first month. You will also enjoy a 20% off fees for Binance spot exchange (full terms).

What if I already have a Binance Spot account?

You can still enjoy the bonus. However,Binance Futures you will need to navigate and insert the code The referral codes upon your first use of the Futures platform.

Why Trade on Binance Futures?

There are a few reasons why one might consider trading Bitcoin futures:

Shorting Bitcoin and other cryptos: Hedge your positions and improve your risk management to protect your crypto portfolio during bear markets
Opening a leveraged position: trade without really owning the funds
No need to keep large amounts of BTC on the exchange because of the leverage
Bitcoin futures on Binance can be traded with up to 125x leverage. However, you should keep in mind that margin trading is not recommended for beginners since it involves a significant amount of risk, and you can lose your capital a lot quicker than you otherwise would. Hence, margin trading is usually not recommended for beginners, but rather for experienced traders with extensive knowledge on the matter.

Now that we’ve gone through some of the basics, let’s dive deeper into Bitcoin futures on Binance and how to trade them.

What Are Bitcoin Futures?

Bitcoin futures allow the trader to buy or sell Bitcoin at a predetermined price at some point in the future (“settlement”). The buyer of the contract is obligated to buy the asset when the contract expires, whereas the seller is obligated to provide it.

Binance employs so-called perpetual contracts, which are a bit different from traditional futures contracts. These sorts of contracts don’t have a preset expiry and settlement date. They are anchored to the spot index price, and the trader can terminate them whenever he or she wants to.

In other words, when purchasing or selling a perpetual contract, the trader is not obligated to sell or buy the asset at a preset date. Instead, they can close their position whenever they want to.
Bitcoin futures on Binance are traded against Tether (USDT).

During June 2020, Binance Futures had introduced quarterly futures contracts for the BTC/USD trading pairs. The maximum leverage for the quarterly futures is 125X. Unlike the perpetual contracts, the quarterly futures have delivery date (i.e. the quarterly futures expire every three months).

Binance Futures: Start Here

First things first: you’ll need to create a Binance account. The registration process is fairly straightforward, but it requires quite a bit of identity verification because of Binance’s KYC requirements. You can learn how to register and deposit Bitcoin in our Binance trading guide.

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