11/9/2023 0 Comments Binance review 2020Binance chainīinance also runs its own blockchain (crypto network), which is called BNB chain, and has the native token BNB. It’s pretty cool, and great for researching new tokens to trade. What’s great about binance is you can actually filter by some unique categories, for instance you can filter for projects that are women-led, or metaverse related, or gaming related. Investors can rely on the big brand awareness of Binance and the SAFU fund.Of course, there's all the major coins such as bitcoin and ethereum (ether), and lots of the smaller altcoins too (alternative coins (alternative to bitcoin)). The SAFU insurance fund of Binance also insures your Futures wallet and funds.īinance Futures is the ideal place to trade Futures on a safe platform. You can however never lose more than your initial investment. You can easily lose your investment and get liquidated with a high leverage. Even though they offer a leverage of 125x, it’s not wisely to use a leverage over 10x. Since Binance Futures is a product of Binance, the platform gains from their reputation.Įvery investor needs to know that Futures trading is very risky, especially when you don’t know what you are doing or when you are using high leverages. Binance is present in over 180 countries and has over 15 million users worldwide. It is the world’s foremost cryptocurrency exchange with the biggest average daily trading volume. Your profit and losses will cause your Margin Balance to change.īinance Futures is supported by one of the most popular and reputable cryptocurrency trading platforms across the world, Binance. The Margin Balance is the balance of your Binance Futures account, including Profit and Loss (PnL). This value changes according to market price and your account balance, collateral. 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. Maintenance margin is the minimum account balance (collateral) you must hold to keep trading positions open. Margin Ratio helps you to keep track of your position to avoid auto-liquidation of your position that happens when your margin ratio reaches 100%. On the right bottom corner of the dashboard, there is the Margin Ratio. This leverage is more than any other major platform. This leverage means that, as a trader, you can multiply their profit (and also losses) by 125. The larger the position, the lower the leverage allowed. The maximum amount of leverage available for traders varies depending on the national value of their position. The leverage is set at 20x by default, and it is adjustable. Leverageīinance Futures allows you to leverage between 1 to 125 times on the exchange’s crypto perpetual contract. 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. Open order has the function in the Hedge position. You must disable Reduce-only, otherwise the option will not show up. You will see the TP/SL entry on the order interface. To place this order, navigate to One-way position mode. The limit order feature on the USDT-margined futures contract allows you to add a Take Profit TP and Stop Loss to the order. Make sure you know what everything means before opening a trade. The different trading options of Binance Futures. Your Futures account has been enabled successfully and you can now fund your account and start trading.Alternatively, you can go directly to the Futures Trading and click Open Now to create your Futures account following steps 1, 2 and 3 above.In case of phone registration, enter the code sent to your p0hone to complete the registration. In case of email registration, click the verification link sent to your email to complete the process.An activation code will be sent to your email/phone. Check that you agree with Binance Terms and then click Create.Click Register and fill in the required information: Email/Phone number, Password, and Referral ID: R6B978SJ.If you are not registered for a Binance account:.Click Open now to open your Futures account.Enter this Future Referral Code to get a 10% discount: 39187829.Click Open Account you will be directed to the Futures trading interface.Navigate to the Binance Futures landing page, after logging in to your Binance account. To access any service on Binance Futures, you must have an account with the exchange.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |