You can choose between market order, limit order, stop limit order and stop market order. You can either go long (you will profit if the price increases) or short (you will profit if the price falls). Higher leverage means higher potential profits, but also a higher chance of losses. Here, you can adjust the amount of leverage you are using.We’ll leave it at the default setting - BTCUSDT Here, you can select the contract you want to trade. ![]() ![]() We’ve highlighted 4 parts of the interface to get you started. Now, you’re greeted with the Binance Futures trading interface. Click the “Futures” tab on the top navigation bar. ![]() Now that you have some USDT in your Binance Futures wallet, you’re ready to go. Go to the Binance Futures trading interface We recommend to start with a small amount until you get comfortable with the user interface.Ĥ. Then, Transfer the desired amount of USDT to your Futures wallet. After you get your hands on some USDT, head over to the “Wallet” section at the top of the Binance user interface and select “Futures”. Go to the "Open Futures Account" section in the bottom right corner of the interface and use the coincodex referral code to get a 10% discount on your trading fees.Īfter you’ve deposited some cryptocurrency to Binance, you’ll have to acquire some USDT in order to be able to trade Bitcoin with leverage on Binance Futures. Head over to the Binance Futures section of the exchange. Use the "coincodex" referral code to get a 10% discount on fees At the moment, Binance doesn’t accept customers from the United States and some other countries (check your eligibility before creating an account). You don’t need a separate account for Binance Futures, as you can use your existing Binance account – if you don’t have one yet, you can get started here:Īs long as you’re withdrawing less than 2 BTC per day, Binance currently doesn’t require you to submit any personal information apart from your email address (and potentially, your phone number). Technically, the contracts listed on Binance Futures are “perpetual contracts” - they function very similarly to futures contracts, but don’t have an expiration date. In this guide, we’ll be going through an example of trading the BTC/USDT futures contract on Binance Futures. Binance offers up to 125x leverage for Bitcoin and up to 75x leverage for other cryptocurrencies listed on Binance Futures. One of the advantages of trading crypto with leverage on Binance is that you can trade many different cryptocurrencies, as Binance Futures lists many popular altcoins in addition to Bitcoin. Binance has been able to leverage its massive existing userbase and quickly became one of the most active markets for Bitcoin futures.īitcoin futures trading volumes as of January 30, 2020. While crypto leverage trading used to be mostly limited to specialized crypto derivatives exchanges like BitMEX, many “standard” cryptocurrency exchanges like Binance have also started offering leverage trading. Trading crypto with leverage on Binance Futures You’re not interested in trading small price movements.You’re not interested in shorting cryptocurrency.You prefer a trading strategy with lower risk.The cons of trading cryptocurrency with leverage: While leveraged trading makes it possible for you to make bigger profits than if you were trading without leverage, you can also suffer bigger losses. Trading with leverage is inherently more risky than trading without leverage (spot trading), and this risk is amplified by the fact that cryptocurrencies can be very volatile. This instrument allows you to speculate on the price of a cryptocurrency increasing (going long) or decreasing (going short). The most common way of trading cryptocurrencies with leverage is through futures contracts. The initial capital used to enter a leveraged position (0.1 BTC in this example) is referred to as “margin”. For example, when trading with 10x leverage, traders can enter a position worth 1 when committing 0.1 BTC. When trading with leverage, traders borrow capital to enter a position that’s larger than the capital they commit to the position. Leveraged trading is not exclusive to cryptocurrencies, as it’s also a well-established practice in traditional markets. You're ready to start trading Bitcoin, Ethereum and more with leverage!Ĭreate Binance Account Crypto leverage trading. ![]() Fund your Binance Futures wallet with USDT.When opening your Binance Futures account, use referral code coincodex to get a 10% discount on fees.Create an account on Binance and head to the Binance Futures section.We'll be going into more detail further below, but here's the quick guide to getting started with trading on Binance Futures: Quick guide to getting started on Binance Futures
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