All of the VIP benefits of the spot market exchange apply to the futures market. 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. As soon as you hit the “Buy/Long” button, your position will be opened. As soon as your position is opened, you will be able to monitor its status. Learn how to trade futures on binance in this video. “We do have plans to introduce more features and more trading pairs, but they are still under development,” Aaron Gong, Head of Binance Futures told CryptoPotato. As soon as you hit the “Market” button, your position will be closed and you will see the funds return to your margin account. The price of Bitcoin has refused to break its $10,000 resistance point since its third halving.It has however been projected to experience a massive bull run soon. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. We would like to show you a description here but the site won’t allow us. What is more, the fees are generally lower than those on the spot market. Basically, Bitcoin futures allow investors to speculate on the future price of Bitcoin. Binance Futures is Binance‘s trading platform where you can trade Bitcoin and other cryptocurrencies with leverage.. Binance Futures consists of USDⓈ-margined and COIN-margined Futures and has many altcoin pairs in addition to Bitcoin. To set a limit order, you’ll have to specify the price at which you want to buy or sell. A perpetual contract is a derivative that is similar to a traditional futures contract. 5. The maximum leverage for the quarterly futures is 125X. The transfer happens automatically. Even if the exchange were to get hacked, which it has in the past, Binance has introduced a so-called SAFU fund. Binance Holdings Ltd., the largest cryptocurrency exchange, is being investigated by the Commodity Futures Trading Commission over concerns that it … Tức là bạn có thể kiếm được lợi nhuận khi thị trường lên hoặc xuống bằng cách đoán giá của một loại tiền điện thử nhất định trong tương lai với Binance Futures. how to borrow funds using cross collateral. Below, we will show you where to monitor it and how to close it. Buy and Sell European-style Vanilla Options. Binance Futures là một nền tảng giao dịch hợp đồng tương lai của sàn Binance. By adding BTC as collateral under the Cross Collateral feature, Binance Futures allows our users to capture the opportunity of profiting from the upward and downward price movements without selling BTC at a compromised price.” said Aaron Gong, VP of Binance Futures. ”. To start trading Bitcoin futures, you’ll have to transfer some USDT to your Futures account. Comments. 0. trendanalysis. These sorts of contracts don’t have a preset expiry and settlement date. Offer exclusively to CryptoPotato. Contact George: LinkedIn. All that has to be entered is the order quantity. Visit: binance.com/futures, or download Binance iOS crypto app on App Store or Binance Android trading app on Google Play. Binance Futures offers perpetual futures for 24 of the most liquid digital assets, which serves as a complementary product to the existing spot pairs on Binance. How to Trade Bitcoin Futures on Binance Futures, What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke, The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion), What Are the Risks of Governance Tokens? The most basic order type, market orders are used to buy Bitcoin at a spot price. To gain level 1, a user needs to trade another 50 BTC in the spot trade market as well as increase the BNB balance by 50 BNB. 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. Since the initial LTV is 70%, if BTC price jumps, you can only remove frozen BTC until you are at LTV 70% again. Binance and Binance Futures Binance offers users more than 150 crypto assets for trading, including BTC (Bitcoin), ETH (Ethereum), LTH (Litecoin), and Binance’s own crypto token – BNB or Binance Coin. Now that we’ve gone through some of the basics, let’s dive deeper into Bitcoin futures on Binance and how to trade them. Instead, they can close their position whenever they want to. Bitcoin price just pulled back 5% from the now rejected retest of the asset’s current-standing all-time high. Binance Futures Trading Fees. The futures trading platform offers 125x max leverage for BTC contracts, which is the highest among major crypto exchanges. Binance, the leading global cryptocurrency exchange by users and trading volume, today announced users can trade futures against BTC on its Binance Futures trading platform via the Cross Collateral feature, positioning it as the first among major crypto exchanges to use multiple digital assets as collateral. Click on it and select the “Futures” option. Bitcoin futures on Binance are traded against Tether (USDT). However, the volume requirements for each of the VIP tiers are 5 times larger than those on the spot market because of the leverage. The price tab shows the price at which you want to buy. BTC Future. The 50 USDT bonus will be granted once 500 USDT or equivalent trading volume is reached. Go to the Binance Futures trading interface Now that you have some USDT in your Binance Futures wallet, you’re ready to go. The leading cryptocurrency by market cap was struggling with resistance as it was, but news breaking that Binance is the focus of a CFTC probe caused the pullback to worsen sharply. Since it is 20x leveraged, the required margin on this trade is only around 43 USDT. Afterward, use ‘cryptopotato’ as your referral code to get 10% on Binance Futures fees for the first 30 days of trading (limited offer). New trading pairs added Oct/Nov 2020: MATIC, SRM, UNI, SUSHI, REM, BEL, HNT, OCEAN, KSM, RSR, LRC, FIL, NEAR, TOMO, ENJ, FLM, FTM, AVAX. Buy, sell and trade cryptocurrency on the go with the new Binance.US app 2.0. This is especially important if you are day trading, as the fees can pile up fairly quickly. Users can trade BTC at a max 125x leverage, as well as BNB and other altcoins with up to 75x leverage. Source. Binance Futures gained momentum soon after its launch six months ago and has established it as a. for institutional and retail traders. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume It’s also important to note the fact that since then, open interest has recovered, and it was able to increase to $960 million. Bitcoin futures on Binance are traded against Tether (USDT). Doing so is pretty straightforward. You would want to set your stop price at $8,600, because as soon as it’s hit, your stop-limit order will be converted to a regular limit order to buy at $8,650. Unlike the perpetual contracts, the quarterly futures have delivery date (i.e. There are a few reasons why one might consider trading Bitcoin futures: Bitcoin futures on Binance can be traded with up to 125x leverage. On the Order Quantity tab, input the amount of BTC that you wish to buy. Here is a screenshot: At the time of this writing, the daily volume of the Bitcoin futures platform had exceeded the volume of the spot BTC/USDT trading pair on the primary Binance platform. Simply specify the amount and hit the “Confirm” button. Once you click the button, you will be asked how much USDT you want to transfer and from which account. Cryptocurrency Price 24h % Change; BNB BNB. Which Coins Does Binance Futures Support? First, you will need to sign-up using this link, which uses the unique sign-up code: Cryptopotato. Hence, if the price doesn’t go in the direction of your trade, the platform will use your remaining capital as collateral. Naturally, it’s not immune to hackers, but the company is doing a splendid job of keeping users’ funds protected.
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