Looking for a reliable cryptocurrency derivatives trading platform? Binance Futures is a popular choice. Read on to learn about the history of Binance Futures, its trustworthiness, and how to trade on the platform. Binance Futures allows users to trade various futures contracts on cryptocurrencies like Bitcoin and Ethereum, with high leverage options and advanced trading tools. However, users should carefully consider their trading goals, risk tolerance, and experience level before engaging in futures trading.
What is binance futures
Binance Futures is a cryptocurrency derivatives trading platform provided by Binance, one of the world’s largest cryptocurrency exchanges. Binance Futures allows users to trade a variety of futures contracts on various cryptocurrencies, including Bitcoin, Ethereum, and more.
On Binance Futures, users can open both long and short positions, enabling them to profit from both upward and downward price movements in the cryptocurrency markets. The platform offers high leverage options, allowing traders to amplify their profits and losses.
Binance Futures also provides users with advanced trading tools, such as a customizable trading interface, trading indicators, and market analysis tools. Additionally, the platform offers 24/7 customer support and a variety of security features, including two-factor authentication and cold storage of user funds.
It’s important to note that futures trading is a high-risk activity and may not be suitable for all traders. Users should carefully consider their trading goals, risk tolerance, and experience level before engaging in futures trading on Binance or any other platform.
History of binance futures
Binance Futures was launched in September 2019, as part of Binance’s efforts to expand its range of cryptocurrency trading products and services. The launch of Binance Futures came just a few months after the exchange had launched its margin trading platform, which allowed users to borrow funds to increase their buying power for spot trading.
Initially, Binance Futures supported futures contracts for Bitcoin (BTC) and Ethereum (ETH), with up to 125x leverage. The platform has since expanded its offerings to include futures contracts for other cryptocurrencies, including Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Chainlink (LINK), Litecoin (LTC), Polkadot (DOT), Ripple (XRP), and more.
In February 2020, Binance Futures announced the launch of its perpetual futures contracts, which allow traders to hold positions indefinitely without an expiration date. Perpetual futures contracts are a popular trading instrument in the cryptocurrency markets, as they allow traders to hold positions for longer periods and can help to reduce the impact of short-term price fluctuations.
Since its launch, Binance Futures has become one of the largest and most popular cryptocurrency futures trading platforms in the world. The platform has continued to innovate and expand its offerings, introducing new features such as the Binance Futures Tournament, a trading competition where users can compete against each other for prizes.
binance futures trust
Binance Futures Trust is not a product or service offered by Binance. It is possible that you may have come across this term in relation to a third-party service or product that claims to provide a trust-based investment service for Binance Futures trading.
However, it is important to exercise caution and do your own research before investing in any third-party service or product. Trust-based investment schemes can be risky and may not be regulated by financial authorities, meaning that there is a higher risk of fraud or mismanagement.
It is always recommended to use caution when investing in any type of financial product or service, and to thoroughly research and understand the risks involved before making any investment decisions. It is also advisable to use trusted and regulated platforms for trading futures contracts, such as Binance Futures or other reputable exchanges.
Which country belongs to binance futures
Binance Futures is a global cryptocurrency derivatives trading platform that is offered by Binance, one of the largest cryptocurrency exchanges in the world. Binance is based in Malta, but the company has a global presence and serves users in countries around the world.
Binance Futures does not belong to any specific country but operates globally, providing trading services to users in many countries. However, it is worth noting that the regulatory landscape for cryptocurrency trading and derivatives trading can vary by country, and Binance Futures may not be available in all jurisdictions.
Before using Binance Futures or any other cryptocurrency derivatives trading platform, it is important to check whether the platform is available in your country and to understand the regulatory requirements and risks associated with trading derivatives in your jurisdiction.
Which person establish binance futures
Binance Futures was established by the team at Binance, one of the world’s largest cryptocurrency exchanges. Binance was founded in 2017 by Changpeng Zhao (also known as CZ), a software developer and entrepreneur who had previously founded Fusion Systems, a high-frequency trading platform for forex and futures trading.
CZ has become a prominent figure in the cryptocurrency industry and is known for his advocacy of blockchain technology and decentralized finance (DeFi). Under his leadership, Binance has grown rapidly to become one of the most popular and widely used cryptocurrency exchanges in the world.
The establishment of Binance Futures in 2019 was part of Binance’s efforts to expand its range of cryptocurrency trading products and services, and to provide users with more advanced trading tools and features.
How to trading on binance futures
Trading on Binance Futures involves several steps:
1.Create a Binance account: If you don’t already have a Binance account, you’ll need to create one. Go to the Binance website and click on the “Register” button. Follow the steps to create your account and complete the verification process.
2.Transfer funds to your Binance account: Once your account is set up and verified, you’ll need to transfer funds to your Binance account. You can do this by depositing cryptocurrencies or fiat currencies (such as USD or EUR) into your Binance account.
3.Open a futures trading account: To start trading futures on Binance, you’ll need to open a futures trading account. Go to the Binance Futures website and click on the “Open Now” button to create your account.
4.Choose a futures contract: Binance Futures supports a wide range of futures contracts for various cryptocurrencies. Choose the futures contract you want to trade and select the leverage level you want to use.
5.Place an order: Once you’ve selected a futures contract and chosen your leverage level, you can place an order. You can choose to buy (go long) or sell (go short) a futures contract, depending on your trading strategy.
6.Monitor your trades: Keep an eye on your trades and monitor the market to see how your positions are performing. You can use the trading tools and charts provided by Binance Futures to help you analyze the market and make informed trading decisions.
It is important to note that futures trading can be a high-risk activity
How Much trading charges on binance futures
Binance Futures charges trading fees on futures contracts based on a tiered fee structure, which is determined by a user’s 30-day trading volume and Binance Coin (BNB) balance. The fees are charged in the quote asset (the second asset in the pair).
For users with a BNB balance, the fees are reduced by 10%. The current fee schedule for Binance Futures trading fees is as follows:
- Maker fee: ranges from 0.02% to 0.00%
- Taker fee: ranges from 0.04% to 0.02%
The maker fee is applied when a trader places a limit order that doesn’t get filled immediately, while the taker fee is applied when a trader places a market order that gets filled immediately.
In addition to trading fees, Binance Futures charges funding fees on perpetual futures contracts to maintain the price of the contract in line with the underlying index price. The funding fee is calculated every 8 hours and is paid by the long side of the contract to the short side of the contract. The funding rate can be either positive or negative, depending on the market conditions, and the current funding rate is displayed on the Binance Futures trading interface.
Binance Futures alternative
There are several alternatives to Binance Futures for trading cryptocurrency futures contracts. Here are some popular options:
1.BitMEX: BitMEX is a leading cryptocurrency derivatives trading platform that offers futures contracts and perpetual swaps for Bitcoin and other cryptocurrencies. The platform is known for its high leverage options and advanced trading tools.
2.Bybit: Bybit is another popular cryptocurrency derivatives trading platform that offers futures contracts and perpetual swaps for Bitcoin, Ethereum, XRP, EOS, and other cryptocurrencies. Bybit is known for its user-friendly interface and advanced trading features.
3.Huobi Futures: Huobi Futures is a cryptocurrency derivatives trading platform that offers futures contracts for Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The platform offers a range of advanced trading tools and features, including trading bots and price alerts.
4.FTX: FTX is a cryptocurrency derivatives exchange that offers futures contracts and perpetual swaps for a wide range of cryptocurrencies. The platform is known for its innovative products and features, including leveraged tokens and MOVE contracts.
5.Deribit: Deribit is a cryptocurrency derivatives exchange that offers futures contracts and options contracts for Bitcoin and Ethereum. The platform is known for its low fees and advanced trading features.
It is important to research and compare different cryptocurrency derivatives trading platforms before choosing one to use. Factors to consider include trading fees, trading pairs, leverage options, and regulatory compliance.
which crypto currencies trading Provided by Binance futures
Binance Futures offers trading in a range of cryptocurrency futures contracts, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- EOS (EOS)
- Binance Coin (BNB)
- Cardano (ADA)
- Chainlink (LINK)
- Polkadot (DOT)
- Stellar (XLM)
- Uniswap (UNI)
- Yearn.finance (YFI)
These futures contracts are available in both perpetual and quarterly contracts, with various leverage options available. Binance Futures also offers trading in cross margin and isolated margin modes, allowing traders to manage their risk and optimize their trading strategies.