Binance Futures Review. The Best Platform. Complete Guide

Binance Futures is a service (product) offered by the Binance crypto exchange, allowing users to trade cryptocurrencies on margin.

Binance Futures’ key features

• The margin trading services offered by Binance are of the highest quality, and customers can trade with leverage ranging from 2x to 125x.
• Binance is among the few crypto exchanges that allow their customers to use the leverage of up to 125x on some cryptocurrencies. However, the business plans to soon reduce this figure to 20x for control purposes.
• Note – Binance also plans to stop trading derivatives in Europe. Citizens of Germany, the Netherlands and Italy cannot access futures trading on Binance.
• When trading futures, clients can open long and short positions on the coin they like and receive higher profits in a shorter period.
• The perpetual futures contract is not available for all cryptocurrencies, and the maximum leverage is different for different cryptocurrencies.

Binance offers two types of futures contracts

• Coin-M futures contracts;
• USDT-M futures contracts.

With Coin-M contracts, you deal directly with the cryptocurrency and deposit a certain amount of it as collateral for an open position. The profits you make are also paid to you in cryptocurrency.

On the other hand, in USDT-M contracts, you offer fiat currency as collateral, and your gains and losses are adjusted for the value of assets in US dollars.

You can also start trading Binance futures today with an additional bonus by registering on the Binance Exchange. Trading futures is precarious, so it is recommended only for experienced traders.

Is Binance a good exchange?

Binance was launched in 2017! And in just a few years, it became the world’s largest cryptocurrency exchange. Binance has become so popular in such a short time because of the quality of services.

Binance is a cryptocurrency exchange that is ideal for all types of traders.

If you are new to the cryptocurrency field, looking for an easy-to-use platform and have all the necessary skills, then Binance is an excellent choice because    

• Binance offers users leverage of up to 125:1;
• The platform supports the industry’s most significant number of traded pairs;
• Cryptocurrency can be purchased directly on the platform using a credit card;
• When withdrawing funds, you can exchange your cryptocurrencies for fiat money;
• Account opening takes place very quickly without going through KYC procedures;
• The platform allows you to create sub-accounts;
• You can use several advanced types of orders for trading;
• Users are offered cross-collateral and an intelligent liquidation mechanism;
• The platform supports 100 thousand transactions per second (TPS), allowing you to trade with huge volumes;
• The exchange also has a specially designed mobile app for on-the-go trading.

Disadvantages of the exchange

• The Binance platform currently does not serve American traders;
• Deposits to the account and withdrawals to the wallet of the future are made only in USDT;
• No registration bonuses are offered for new traders;
• No fiat currency is supported.

When it comes to cryptocurrency trading, Binance is considered one of the biggest brands in the crypto industry. This company was founded in 2017 and currently processes a vast amount of cryptocurrency trading on its platform, worth more than $4.3 billion per month.

This vast volume makes Binance the fourth-largest cryptocurrency exchange platform globally and strengthens the company as a significant player in the crypto industry. However, this success in the cryptocurrency market does not prevent the company from growing and expanding into new markets.

Aiming to become a one-stop platform to meet all cryptocurrency-related user needs, Binance took another step forward and launched its innovative cryptocurrency perpetual futures trading platform in September 2019.

First, this platform allows users the possibility of margin trading on twenty-four different cryptocurrency pairs on the futures market – with a leverage of up to 125:10 (the most decisive influence on the crypto market in history).

In thisм обзоре Binance Futures review, we will provide you with complete information about everything you need to know about the Binance Futures trading platform, how it differs from the rest, and what was our experience testing the platform and trading on it.

Introduction to the Binance Futures platform

  It launched the Binance Futures platform around mid-September 2019. It focuses on changing the principles of margin trading in cryptocurrencies.

The Binance Futures administrative team, led by Vice President Aaron Gong, has created a user-centric trading platform that works in all trading environments.

According to Aaron Gong, the platform was developed taking user complaints about other trading platforms into account.

Thus, thanks to the Binance Futures, the Binance exchange managed

• Avoid a lot of mistakes made by other cryptocurrency platforms;
• Implement many innovations, products, and on-demand features into your platform from the beginning;
• Create a trading platform that is suitable for all types of traders.

In addition, the developers have spared no expense in creating and equipping the platform with the latest technologies that money can buy. As a result, it makes Binance Futures one of the most stable, secure and advanced platforms in the crypto industry.

Current growth indicators

Since its launch, the Binance Futures platform has broken worldwide records and taken the cryptocurrency industry by storm.

When writing this review, the exchange is the largest futures trading platform in the industry, outperforming BitMEX in trading volume and number of registered users.

Attributes that fuel this rapid growth include

• The company’s constant commitment to innovation;
• Offering users one of the best trading interfaces in the industry;
• Competitive commission fees;
• A large number of altcoin pairs to trade.

When the master asked about the exchange’s plans, Gong said, “the goal is to continue improving the user experience by bringing more functionality and products to the industry”.

How to register on Binance Futures instructions

Before opening an account on the Binance Futures exchange, you must create a regular report on Binance. After that, the opening process is quite simple. Follow these steps.

Creating an account on the Binance exchange

• Go to the site Binance website.
• Fill out the registration form by entering your email address and a strong password that you can easily remember;
• Using the above link or by inserting the referral code “private finance” in the field “Referral ID”(”Referral ID”, you will get a 10% discount on all trading fees on the platform;
• After that, click on the “Create an Account”, Create Accountant, and then confirm your email address to complete the registration.

Once your email is verified and you have successfully logged in to your account for the first time, you will be prompted to complete your security settings, including two-factor authentication settings.

Making these settings will add a layer of security to your account on платформеthe Binance Futures platform.

Create a trade account on Binance Futures

Now that your regular Binance account is registered, you can create a futures trading account.

Just follow these steps

1. Log in to your Binance account;
2. Move the mouse cursor over the panel at the top of the page and click “Derivative financial instruments” (”Derivatives”);
3. Then click on the “FuturesFutures” button.

It will take you to the Binance Futures trading interface, where you will see the option to open a futures account.

Features of sub-accounts on the Binance Futures exchange

ПлатформаThe Binance Futures platform supports the use of multiple accounts on the forum. This feature allows users to create numerous trading accounts with different trading environments, leverage, margin levels, and different levels of access and control.

This option is significant for traders trying to isolate their trading accounts or manage multiple trading accounts for different reasons.

The platform also supports the transfer of funds between sub-accounts at no additional cost.

One of the best features of a sub-account on Binance is controlling the main account. When using this feature, the primary account can view all data, transfer funds between accounts and cancel all orders placed on all other sub-accounts, allowing the trader to track trades and manage risks on all accounts easily.

How to add funds to your Binance Futures wallet?

Adding funds to a new Binance Futures account is relatively easy.

You can

• Buy cryptocurrency using a credit/debit card;
• Transfer cryptocurrency from other wallets to your на Binance account;
• Use the new feature “Cross Collateral” Cross Collateralto add funds to your futures trading account.

It is also important to note that Binance only accepts USDT for depositing/withdrawing funds to and from the future wallet. Therefore, you need to purchase the Tether (USDT) cryptocurrency token to be able to trade leveraged contracts on the Binance Futures exchange.

How to add funds to your account using the option “Buying Cryptocurrency”:

• Log in to your Binance account;
• Move the mouse cursor over the panel at the top of the page and click “Buy Cryptocurrency” (”Buy Crypto”);
• Then, choose the payment method that you prefer.

Binance supports payment by credit/debit card, bank transfer, and third-party payment. It makes the platform the most advanced and easy-to-use platform in the world.

Once you have completed the purchase of USDT, you can proceed to transfer funds to your futures wallet

• Click on the “Transfer” Transferrin in the lower-right corner of the Binance Futures page;
• Set the amount you would like to transfer;
• Click “Confirm the transfer” (“Confirm transfer”). You will soon be able to see that your wallet on the platform has been replenished.

How to add funds to your account using the option “Transfer of cryptocurrency from other wallets“

• Log in to your на Binance account;
• Move the mouse cursor over the panel at the top of the page and click “Wallet” (“Wallet”);
• Click on the “Spot wallet“(”Spot wallet”).

It will allow you to generate a wallet address to which you can transfer your cryptocurrency.

After you complete the transfer of USDT to your Binance account, you can continue transferring funds to your futures wallet

• Click on the “Transfer” Transferrin in the lower-right corner of the Binance Futures page;
• Set the amount you would like to transfer;
• Click “Confirm the transfer” (“Confirm transfer”). You will soon be able to see that your future wallet on the platform has been replenished.

How to add funds to your account using the “Cross-pledge”?

• Function “Cross-collateral” allows you to borrow the Tether (USDT) cryptocurrency token at a zero interest rate, and the security is assets stored in a wallet on the Binance exchange.
• So you don’t have to transfer funds directly to your future wallet. But, of course, the borrowed USDT will have to be returned.

Binance withdrawal process

The withdrawal process is straightforward

• Click on the “Transfer” Transferrin in the lower-right corner of the Binance Futures page;
• Set the amount you would like to transfer;
• Click “Confirm the transfer” (“Confirm transfer”).

You will see that your wallet balance on the Binance platform has been replenished soon. You can transfer funds to other crypto wallets or exchange them for fiat currency.

Bonus from Binance Futures

• If you use the link provided on the site, you will receive a 10% discount. In addition, the company offers users the opportunity to join its affiliate program and earn up to 40% on trading fees from their partners.
• But the requirements for this program are pretty strict and sometimes scary.

How to trade on the Binance Futures exchange?

Binance Futures specializes in trading perpetual futures contracts with leverage. After registering on the platform, you can open both long and short positions on 24 different supported cryptocurrency pairs.

It is also important to note that

• Binance offers all advanced order types. The Binance platform is on the same level as previously established trading platforms. Thus, traders are offered the same level of complexity and various advanced types of orders (market, limit and conditional) for optimal entry into trades and risk management for open positions.
• Binance supports all trading styles. No matter what kind of trader you are, Binance Futures offers an easy-to-use, fast, secure, and cost-effective platform. With this platform, you can properly diversify your crypto portfolio and huge trade volumes, implement scalping strategies, hedge positions and trade according to the algorithm.

Types of Binance orders

Market Orders

Binance offers users one of the industry’s most advanced cryptocurrency trading platforms.

This platform processes more than 100 thousand transactions per second (TPS), making the execution of orders very fast, without any delays.

Therefore, Binance is one of the best platforms for scalpers and traders, for whom it is essential to enter their orders as close as possible to the current market price.

Limit Orders

Binance offers users the ability to determine the prices at which it will their pending orders.

This way, they can easily take positions in the market in anticipation of a big move.

Conditional Orders

Binance allows users to use various advanced conditional orders on its platform.

With these types of orders, you can enter or exit the market when pre-defined conditions that you set yourself are met.

Supported conditional orders

• Post only – All your orders will be processed and treated as market maker orders;
• Close on the trigger – this conditional order closes your position after the stop loss is triggered;
• Good Till Cancelled – this conditional order guarantees that your position will remain open until you give the command to cancel it manually;
• ImmediateOrCancel – This conditional order is essential for traders who want to enter as close to the current market price as possible. When you place such an order, it will cancel your bet if you cannot execute it immediately;
• FillOrKill – This conditional order will cancel the trade if you can’t get the required amount.

How to use the calculator for trading on Binance Futures?

This calculator will help you calculate your risk and position size before entering a trade.

The calculator allows you to calculate the following parameters

• Profit and loss: this way, you will know exactly how much of your trading account is at risk and at what level you should exit;
• Position size: This tab helps you calculate how much cryptocurrency you can trade in a long or short position. This way, you will not allow an excessively high level of debt for your account, and you will know how much of your account is at stake at any given time;
• Liquidation Price: This tab calculates the estimated liquidation price based on the current wallet balance, entry price, and position size.

How to use the hedging mode on Binance Futures?

Binance Futures supports two position modes, and the user must manually switch between them

• One-way mode – Hedging is not allowed in this mode, as you can’t open both long and short positions on the same contract. If you try, your two parts will cancel each other out;
• Hedge Mode – In this mode, you can open and hold long and short positions on the same contract without any problems. But you need to activate this mode before you can use it manually.

To activate hedge mode for your Binance Futures account, hover over the account icon in the upper-right corner, select “Preference”, and select hedge mode.

It is important to note that you cannot change the mode for orders already open, so you must perform this before opening the trade you want to hedge.

Margin trading

The Binance Futures platform currently offers the highest leverage in the crypto trading industry. However, the power may be different for each asset.

Below are some of the most popular ones

• 125:1 leverage for Bitcoin;
• 75:1 leverage for Ethereum, XRP, Bitcoin Cash, Eos, Litecoin, TRON and Ethereum Classic.

 You can find a complete list of all supported cryptocurrency contracts on сайте the Binance website.

How to set up leverage?

The Binance Futures platform allows users to adjust the leverage for each contract manually. To select a contract, move to the upper-left corner of the page and hover over the current contract (BTCUSDT by default).

Go to the order entry field and click on the current leverage size (20x by default) to change the leverage. Next, specify the amount of power by moving the slider or entering a value in a particular field, and click “Confirm”.

It is worth noting that the larger the position size, the smaller the amount of leverage that it can use. Similarly, the smaller the position size, the greater the available power.

Margin requirements and position liquidation

• The margin requirement is a minimum balance available in your Binance Futures account for keeping the position open. As soon as your account equity falls below the minimum level, Binance will automatically start liquidating and closing your open positions to free up funds. There is an additional fee for automatic liquidation.
• The supported margin for open positions varies depending on the size of your work and the asset being traded. For example, a higher supported margin is required to keep the position open for prominent roles and instruments with low leverage.
• You can view the current margin ratio in the lower-right corner of the futures trading page. If your balance reaches 100%, you will liquidate your positions.
• You can also useрежим изолированной маржиthe “Isolated Margin Mode” to allocate a certain percentage of margin for each position.

Binance Futures Review – BINANCE FUTURES TRADING PLATFORM 

Binance Futures is currently the most advanced cryptocurrency trading platform in the industry. It created this platform to overcome the shortcomings and efficiency issues common to other crypto brokers.

It is pretty advanced but straightforward to use and does not have such problems as crashes or freezes, unlike some other large brokers, such as Bitmex.

Desktop version

In the desktop platform, Binance developers have made sure that the interface is easy to understand and navigate

• The platform comes with a Trading View chart interface;
• You can easily place and control all your current orders;
• Traders are offered a risk calculator;
• It provides an in-depth view of the market.

The platform allows users to place several advanced orders and perform risk management actions to protect their profits.

Advanced orders include Limit; Market; Stop limit; Stop market; Trailing stops; Limit Take Profit; Market Take Profit.

Analysis tools

Binance Futures has many built-in features allowing you to perform technical, fundamental, and sentiment analysis on the trading platform. Thus, traders can gain an advantage in the market and consistently earn Profit from trading.

The built-in features of the Binance Futures platform include

• Built-in indicators, trend lines and drawing tools can be helpful for traders to mark the chart and conduct in-depth technical analysis for any cryptocurrency pair;
• Full support for creating and importing indicators and trading tools in the platform for better optimization;
• Direct delivery of various news services and headlines, as well as alerts about the latest news related to cryptocurrencies;
• Ability to analyze trader sentiment to see how other traders are trading on the platform.

The mobile app

Binance Futures offers a specially designed mobile trading app that users can use for on-the-go trading. This app will allow you to perform technical analysis, track open positions, and manage your trades on the go.

You can download the app for Android and iOS phones free from Google Play and the iPhone App Store.

Functions of the mobile app

The list of built-in features, functionality, and trading tools that come with the Binance Features mobile app includes

• Easy-to-navigate interface;
• Excellent module for plotting and analyzing charts;
• Built-in custom indicators;
• Many types of orders;
• Multiple timeframes and much more.

Trading View charts

A set of tools for plotting and analyzing charts comes with a wide range of options related to the choice of timeframe, chart type, and technical tools for your trading style.

Some of the critical features of Trading View

• A clean interface that the user can easily configure;
• A long list of built-in indicators;
• Many drawing tools help perform technical analysis;
• Up to twelve different timeframes and five chart types;
• An order dashboard allows you to track all your open trades, margin, P&L and risk levels from one place.

The Trading View module allows users to create and import custom indicators, run an algorithmic trading bot for Binance Futures, and chart projects.

Binance Futures Review – COMMISSION FEES

Binance Futures ‘ fees are currently among the lowest on the market. Therefore, it is one of the most critical competitive advantages that this platform used to break into the field of margin crypto trading.

The site has a separate page describing fees, covering all the necessary costs you must pay when using the Binance Futures trading platform.

Trading commissions

Binance does not charge any commission to market makers, and all trading fees are currently capped at just 0.5% per trade.

Fees for depositing and withdrawing funds

Binance does not charge users for making deposits to their accounts but charges a fee for withdrawing funds.

Binance Futures withdrawal fees are pretty low and vary depending on the cryptocurrency you are withdrawing.

You can find a complete list of all commissions on the Binance website.

Binance Futures Review – PROTECTION AND SECURITY

The Binance Futures administrative team puts the platform’s security at the top of its list of priorities. It has led to the inclusion of numerous checks and balances on the Binance Futures platform to make it safe for all users.

The platform has been designed to withstand huge spikes in trading volumes without freezing or crashing, making it very reliable in trading.

The list of security measures includes

• Using “cold“ type. To protect the client’s funds from hacking, Binance stores all its assets in autonomous multi-signature cold wallets, which require all keys to access the funds;
• Confirmation of withdrawal of funds. Binance conducts a manual audit of all withdrawal requests made on the platform to ensure they are made from an authentic source. Thanks to this, users can ensure that their accounts will not be hacked and emptied.
• Using customer funds insurance. Binance has also implemented an insurance system for all client funds, protecting them from market failures or sharp drops in value. Thus, customers can be sure that their accounts will not suffer due to the volatility that is regularly observed in the crypto market;
• Using two-factor authentication. Binance offers its users the ability to activate two-factor authentication on a new account. With this authentication method, you can gain an additional layer of security.

Binance Futures Review – OTHER FACTORS

Supported currencies

Binance Futures allows you to trade twenty-four different cryptocurrency pairs on its platform. This list includes popular cryptocurrencies, not-so-popular coins, and several tokens with leverage. So, it makes Binance Futures the most diversified cryptocurrency trading platform.

It can find a complete list of supported currency pairs on the main page of the trading platform.

The only flaw we found in the available Binance Futures assets list is the lack of “crypto-to-crypto” pairs like Bitcoin/Ethereum, but it may fix this in the future.

Investors from the United States

US customer service on the Binance Futures trading platform is limited when writing this review.

However, the Binance administrative team has announced plans to legalize the platform in the US in the future. Meanwhile, the best way to bypass this geo-block and use a Binance trading account is a virtual private network VPN, like NordVPN.

Technologically advanced trading platform

The Binance trading platform was created using the latest advanced technologies in web development. The technology protects the platform from cyberattacks, errors, and communication losses.

Customer support

The Binance Futures customer support team is quite efficient and well-trained. They are available 24/7, although it may sometimes take some time to get a response at certain times of the day, depending on the traffic level.

 Other types of support

Binance Futures offers users a variety of educational articles, how-to guides, video tutorials, and a blog about its platform. With these resources, you will find all the help you need to understand how to trade on the Binance Futures platform fully.

On the Binance website, you can also find a frequently asked questions page that provides users with detailed answers to some of the most common questions and problems they can encounter on the platform. It also explains various terms and parameters of the basic margin requirements required to open and maintain a position.

Binance Futures Review – HOW TO TRADE ON BINANCE FUTURES. USER’S GUIDE

In the past few years, the turnover of cryptocurrencies has continued to grow. As a result, this area is rapidly developing, offering more and more options for earning money. One of the most influential investment methods modern cryptocurrency exchanges provides is futures. These are contracts for purchasing or selling a particular asset in a specified amount in the future. Thus, all parameters of the agreement are fixed before it is implemented.

What are earnings on Binance Futures?

With the help of the online service, it becomes possible to profit from market fluctuations and asset volatility while using derivative contracts. The essence of these tools is to calculate projected profits and losses that it will realize not at present but in the future.

Binance Futures allows you to create the following orders

• A limit order that has a fixed price;
• A market order placed on the most favourable terms at the moment;
• Stop limit- a contract valid only if the stipulated conditions are met and for a specific period.

The platform provides traders many opportunities to implement perpetual contracts for cryptocurrencies and generate income.

What is a cryptocurrency futures contract?

The concept of futures has long been known in the global economy. This tool is widely used in stock exchange activities. The development of cryptocurrencies has also led to the spread of futures contracts.

The most significant advantage of cryptocurrency derivatives is investing without owning tangible assets. At the same time, the investor assumes the risks of cryptocurrency changes. This property of digital assets gives traders the ability to purchase them as cheaply as possible and put them up for sale as soon as they become more expensive, and vice versa.

If you can’t change the password from your old account, register again with your referral ID: AHJUCEJW and get up to 40% off Binance commissions for all transactions.

Types of futures

Futures contracts can be concluded for various assets – securities, stock indices and commodities, and all types of cryptocurrencies. The most popular and rapidly developing of them is bitcoin. When performing operations on such futures, it is unnecessary to own this cryptocurrency. It is enough to build the right tactics that will allow you to win on its swing.

Recently, Ethereum futures have become widespread Ethereum code. They represent a contract for the sale or purchase of ETH – a modern cryptocurrency considered the second largest after bitcoin. Investors anticipate a rise in the price of ETH, open long positions on this type of currency, and use short ranks to reduce losses in case of a possible decrease in the price. The Ethereum derivatives market is characterized by high liquidity. Binance offers perpetual and quarterly Ethereum futures to its customers.

COIN futures are agreements that are quoted in dollars. But transactions on them are carried out exclusively in cryptocurrency. Such tools are used by traders who want to record profits or losses in digital currency. These contracts can be quarterly or indefinite.

Perpetual futures can be held open indefinitely. Their price is almost the same as in the spot markets. Quarterly contracts have a fixed term of performance. Their prices usually differ significantly from the market price.

How to trade futures on Binance?

Futures trading with Binance involves buying and юselling cryptocurrencies without actually owning them. These operations are similar to margin trading.

The difference between futures contracts are

• Contracts do not have deadlines and can be closed at any time;
• Only one pair is used for trading – BTC/USDT;
• The ability to close the deposit if the price moves in the opposite direction;
• The futures price may differ significantly from its face value on other significant exchanges;
• For trading operations with futures, you should have enough money on Binance to pay for the initial margin and support margin;
• The amount of commissions directly depends on the number of transactions – the more they are performed, the lower the commission rates.

Instruction manual

To start trading Binance futures, follow these steps

1. Registration. Register an account on the exchange (if you don’t have one yet). Then, enter all your contact and payment details and confirm your email address;
2. Opening a futures account. Find the “Futures” section in the site menu and create an appropriate version;
3. Adding funds to a futures account. To do this, transfer the USDT currency from the main narrative;
4. Choose your leverage. By default, the program offers a power of 20X, but you can change it if you want. Moreover, the higher this indicator is, the smaller the amount you can trade;
5. Creating a position. Select the “Limit” or “Market” position to start a trade. The difference between them is that in the case of a market price, the trader accepts the fixed price, and in the case of a limit price, the trader independently determines the value of the transaction;
6. Setting a Stop order. To avoid commissions and penalties in case of liquidation of trade, it is recommended to view the liquidation price of your order on the “Positions” tab and set a stop limit that will be slightly higher than this price;
7. Closing the transaction. To do this, use the “Limit” and “Market” buttons located on the “Positions” tab. By clicking on one of these buttons, the user can close the trade and see the Profit this future brought him.

Leverage

Choosing leverage is one of the most critical steps in trading Binance Futures. This tool allows traders to trade on the cryptocurrency exchange without having large amounts of money to make transactions.

Leverage is the ratio of personal and borrowed funds offered by a broker or dealing centre under certain conditions. The amount of leverage depends on the nominal value of the position. The higher this price, the lower the leverage offered.

Margin

Another essential element of futures trading is the maintenance margin – the minimum amount of own funds on the account that ensures the maintenance of an open position. It is calculated regardless of leverage, but the higher the position value, the larger the margin. This instrument directly impacts the liquidation price – to avoid a decrease in credit funds, it is necessary to ensure that the level of collateral does not fall below the supporting margin. In case of its decline, contracts should be closed immediately.

Binance Futures commissions

Trading fees on Binance Futures are pretty low compared to other exchanges. It makes this platform more and more attractive to people. When depositing funds, no commission is charged, and users must pay a fixed percentage for withdrawal, which is set by the blockchain network and designed to cover all transaction costs. It can always find the commission amount on the website. Trading commissions include interest on spot trading operations and the sale of futures. Binance also allows its visitors to earn additional income in interest on transactions made by customers attracted to the exchange. In this case, the reward can be up to 40 % of the trade.

How to save money?

For those who want to earn even more income from trading futures on Binance, it is suggested to use the affiliate program. Any future trader can register using the referral id: AHJUCEJW and get a discount of up to 20% on trading operations. If certain conditions are met, the commission discount can reach 40%.

Minimize losses with a stop loss

For continuous monitoring of changes in exchange rates, traders have to spend a lot of time at the computer screen to avoid losses in the event of a sharp shift in exchange rates. For convenience, Binance offers to use such tools as Stop Loss and Take Profit.

Stop-loss-an order that allows you to immediately close a position in case of a sharp decline in the price, thereby protecting the user from losses. To install this function, you must issue a CCA request in the menu where the Stop Limit is set. This column specifies the desired order execution price and the value at which the order should be cancelled or executed if the chart has reached a critical point. Take Profit allows you to set a limit price for closing an order when the graph moves in the expected direction.

Before placing an order, it is necessary to thoroughly study the market situation and try to predict the development of events. It may seem difficult for a beginner, so you should start with small amounts to minimize risks at the initial stage and gain experience working with futures.

Advantages of trading futures on the Binance Futures exchange

Futures operations are still at the formation and development stage, but their turnover grows daily. Binance Futures is a whole ecosystem that includes many services for earning money.

Binance futures Binancetrading has many advantages

• It is a reliable, fast-growing exchange that allows you to make futures transactions on favourable terms;
• Assets have high liquidity so that investors can make a profit in a short period;
• Convenient service, easy registration and quick account opening;
• A wide range of leverage;
• Low transaction fees;
• The prospect of earning money on falling market prices when using short orders;
• A profitable affiliate program that allows you to earn a percentage of the transactions of attracted customers.

Despite all the advantages of trading futures on specialized platforms, this activity is subject to risk. The cryptocurrency price is quite unstable, so traders can get both large profits and huge losses. Therefore, taking futures trading seriously, studying trends, and developing your intuition is essential.

With the help of the Binance Futures platform, you can learn the subtleties of the cryptocurrency market step by step, gradually gaining experience and developing analytical skills.

Having learned to correctly assess the dynamics of economic processes and make the right investment decisions, you can get high incomes even without significant investments.

Buying and selling cryptocurrencies is developing and will expand every year, taking a significant share in the global economy, so studying this area is very important today.   

Binance Futures Review – CONCLUSION

Binance Futures is, without a doubt, one of the best cryptocurrency trading platforms in the industry. Numerous innovations, features, products and low fees will allow the platform to lead significantly from the competition.

In addition, since its inception, Binance Futures has shown robust growth, taking the industry by storm and taking the position of the largest and most popular cryptocurrency trading platform in the world.

If you are still looking for a cryptocurrency trading platform, this option is worth paying attention to. We hope this Binance Futures Review will help you make the right choice.

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