Binance Futures is a trading platform that was launched in 2019 as a product of the parent company Binance. As you can see, the position tracker also contains a liquidation price. At CryptoPrijzen.com you can compare cryptocurrency prices with all reliable brokers and exchanges. Long story short, the default level (VIP 0) carries 0.02% maker fees and 0.04% taker fees. In futures trading, you can participate in market movements and make a profit by going long or short on a futures contract. Bitcoin futures allow the trader to buy or sell Bitcoin at a predetermined price at some point in the future (“settlement”). As of writing these lines, Binance Futures promised and did extend the variety of trading pairs. Read Before You Invest. Crypto.com was launched in 2016 and currently provides an App and a crypto exchange to deliver a wide range of cryptocurrencies to traders and investors. This leverage means that a trader can multiply their profit (and also losses) by 125. Note below that the margin required for this order is only 420 USDT because we’ve used a 20x leverage. The Binance Chain testnet is open. As soon as your position is opened, you will be able to monitor its status. Which Coins Does Binance Futures Support? Instead, they can close their position whenever they want to. In August 2020, Binance launched COIN-and USDT-merged product categories for its range of perpetual and quarterly futures to highlight the use of Bitcoin and altcoin as settlement currencies. Binance recently launched a futures trading platform – Binance Futures – that allows traders to use leverage and to open both short and long positions. Binance Futures Review: In brief, Binance Futures trading, you can participate in market movements and make a profit by going long or short on a futures contract by using up to 125X leverage. To transfer USDT from your Spot Wallet to your USDT Futures Wallet: If you wish to close your position, you can set a limit close that helps you close the position at the best available price you have chosen. Binance Futures Review: In brief, Binance is one of the most innovative cryptocurrency exchanges in the market. PTP Trading: By bank transfer and 60+ alternative options. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Yes, when you use the referral code: 39187829, you will receive a 10% discount on your trading fees! Binance Futures is the ideal place to trade Futures on a safe platform. The 50 USDT bonus will be granted once 500 USDT or equivalent trading volume is reached. Open order has the function in the Hedge position. 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. Use our Binance Futures promo code to receive an extra 10% discount on the trading fees. Watch later. You can learn how to register and deposit Bitcoin in our Binance trading guide. It is mandatory to procure user consent prior to running these cookies on your website. Trading with a leverage is extremely risky and you can lose your investment. COIN-margined contracts, such as BTC-or ETH margined futures, have become more popular due to the instant and fungible nature of cryptocurrencies. Binance Futures Review: In brief, Binance Futures trading, you can participate in market movements and make a profit by going long or short on a futures contract by using up to 125X leverage. If playback doesn't … Contact George: LinkedIn. Once your funds are deposited, you will have to transfer them to your futures trading wallet. Binance offers new users 10% off on all Futures trading fees when holding the Binance Coin (BNB). ‍ Binance Futures trading integrates with their spot exchange, meaning you can easily transfer profits from your Futures account to your Spot account and vice versa. By using the website you agree with this. Binance Futures Review: In brief, Binance Futures trading, you can participate in market movements and make a profit by going long or short on a futures contract by using up to 125X leverage. Some of the required identifying documents include: Address verification is also necessary, as part of KYC verification. However, the volume requirements for each of the VIP tiers are 5 times larger than those on the spot market because of the leverage. 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. Binance Futures review summary: Binance Futures is a platform of the worlds biggest crypto exchange Binance. Ethereum, Litecoin, and … Tap to unmute. The Binance futures service offers incredible leverage of 125x margin, thereby creating a highly-competitive market. Visit for Binance Futures Review. As soon as Bitcoin Price hits $30,000, an order to buy/long will be executed. Binance means “Binary Finance”, and as an exchange, it aims to power the future … It’s important that you know what you’re doing. The leverage is set at 20x by default, and it is adjustable. Enter this Future Referral Code to get a 10% discount: 39187829. Binance Futures review summary: Binance Futures is a platform of the worlds biggest crypto exchange Binance. Crypto.com is an online exchange that supports the trading of over 80 cryptocurrencies. Binance is an international trading platform offering multiple crypto services. These cookies do not store any personal information. Since Day 1, we’ve realized how much work it would entail and how much effort would be required to secure the pole position. How to Trade Bitcoin Futures on Binance Futures, The Dogecoin (DOGE) Copycats: Shiba Inu and 5 Others You Must Know About, What is Shiba Inu (SHIB)? Government-issued photo ID/Driver’s license, Passport, social security number, voter ID Card/ PAN card. The first impression of Binance Futures Top 10 Best Cryptocurrency Exchanges in 2021, one of the most popular and reputable cryptocurrency trading platforms, Additional 10% discount on Futures trading fees. The exchange is one of the leading cryptocurrency platforms, with over 200 coins supported for deposit and withdrawal. Below, we will show you where to monitor it and how to close it. If your margin drops below the maintenance margin level, you will either receive a call, asking you to add more funds to your account or be liquidated. Investors can rely on the big brand awareness of Binance and the SAFU fund. In contrast, other margin exchanges allow leverage of up to 100x. Binance Futures. Your position will open as soon as you hit the, To set a short position, you must specify the price at which you want to trade (. Your Futures account has been enabled successfully and you can now fund your account and start trading. Last updated: May 03, 2021 Withdrawal fee: 0.0004 BTC. Select BNB or USTD from the dropdown menu. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. After that, tick the box to agree to Binance… But opting out of some of these cookies may have an effect on your browsing experience. Afterward, use ‘cryptopotato’ as your referral code to get 10% on Binance Futures fees for the first 30 days of trading (limited offer). What is more, the fees are generally lower than those on the spot market. Basic information. This is especially important if you are day trading, as the fees can pile up fairly quickly. Binance hat vor kurzem eine Plattform für den Handel mit Futures – Binance Futures – eingeführt, die es Händlern ermöglicht, einen Hebel zu nutzen und sowohl Short- als auch Long-Positionen zu eröffnen. To set a limit order, you’ll have to specify the price at which you want to buy or sell. Funding is only possible with USDT and they also support fiat to USDT deposits with easy payment methods. Do not use real coins on the demo account! Credit/Debit Card: Visa and Mastercard. Binance Futures was launched to enable traders to speculate on prices of Bitcoin and other popular altcoins such as Bitcoin Cash, Ethereum, Litecoin, and Ripple. If you wish to close your position, you have two options. The maximum amount of leverage available for traders varies depending on the national value of their position. Ticking Reduce-Only when you are in One-way Mode ensures that new orders you set will only decrease, and never increase your current positions. Dear Binance Futures Community, The platform is also compatible with both Mac and Windows for PC. This leverage means that, as a trader, you can multiply their profit (and also losses) by 125. So as soon as Bitcoin’s price reaches $8,400, we will have an order to buy/long. With the interest and investment in Cryptocurrency growing over the past few years, the need for safe and secure brokers to facilitate the transfer of cryptocurrencies has increased. On the top navigation menu, there is a “Futures” button. To start trading Bitcoin futures, you’ll have to transfer some USDT to your Futures account. Unlike the perpetual contracts, the quarterly futures have delivery date (i.e. These are typically used as a stop-loss mechanism, but not always. Consult an expert when making financial decisions and only invest money you can lose. The futures department at Binance is dominated by USDT/BTC – subsequently, allowing you to speculate on the future value of Bitcoin against the US dollar. In case of phone registration, enter the code sent to your p0hone to complete the registration. The Crypto Daily – Movers and Shakers – May 9th, 2021. On Binance Futures, you can access perpetual contracts that are denominated and settled in Tether USD, a popular dollar-pegged stablecoin. Step 1: Go to the Binance registration page. Most Popular. Hence, if the price doesn’t go in the direction of your trade, the platform will use your remaining capital as collateral. Maintenance margin is the minimum account balance (collateral) you must hold to keep trading positions open. 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 stand out selling point here is that Binance allows you to trade Bitcoin futures … The review also includes step-by-step guides on how to join the exchange, make a trade, and transfer your funds. Binance Futures is supported by one of the most popular and reputable cryptocurrency trading platforms across the world, Binance. Info. Binance recently launched a futures trading platform – Binance Futures – that allows traders to use leverage and to open both short and long positions. Beginning last July 14th, the exchange has allocated 10% of all trading fees into its Secure Assets Fund for Users (SAFU) in order to offer additional protection to users in extreme cases. Offer exclusively to CryptoPotato. These cookies will be stored in your browser only with your consent. This allows you to place more sophisticated trades – both long and short. By going long, a trader buys a futures contract with the expectation that it will rise in value in the future.