Binance Futures
INTRODUCTION
In this age of globalization, time is of the essence for everyone. At this time that digital currency has been introduced to reduce transaction time. The cryptocurrency was originally known as a payment system that allows people to be able to make transactions very fast, without third parties, in a crystalline, secure, and faceless manner. With the accrual and development of the Crypto or blockchain ecosystem, several alternative investment opportunities have flourished, and have proven to be more efficient and profitable investment tools than traditional financial returns. Cryptocurrency is potentially the largest digital asset for investment. because it is user-friendly, secure, and allows to cut down steep transaction costs. It is the maximum thing in the financial market that has proven to be an interruption lifter in financial transactions worldwide. Leveraging blockchain technology, cryptocurrency has managed to set up a decentralized, transparent, and inaccessible accountable system
What is Binance futures ?
Binance Futures is a trading platform trading platform trading futures contracts from the Binance exchange. This means that you can profit when the market goes up or down by guessing the future price of a certain electric currency with Binance Futures.
Unlimited Bitcoin futures trading volume on Binance Futures is just behind BitMEX at the time of writing. For a platform that has just launched in less than three months, this is another success for Binance.
Currently, the Binance exchange has 2 futures trading platforms. The first is the Binance Futures platform that BTA is introducing to everyone.The second platform is Binance jex . But JEX is quite “inferior” compared to Futures. The x125 leverage futures platform is still Binance’s “money-making machine”
Binance Futures supports a wide range of crypto assets as collateral.There are two types of futures contracts available on Binance: USDⓈ-M Futures and COIN-M Futures. For example, if you want to trade BTCUSDT perpetual contracts, please select USDⓈ-M Futures. For BTCUSD coin-margined contracts, select COIN-M Futures.
The high volatility of digital currencies allows traders to purchase the assets when they are low and put them on sale when they hike and vice versa. Crypto futures are tradeable on derivative trading platforms like Binance Futures. Like spot trading, crypto futures trade 24 hours a day, seven days a week
Binance P2P: Buy/Sell Your Crypto Locally
A peer-to-peer exchange (or P2P exchange) is a marketplace where people can trade crypto directly with each other on their own terms in almost any country.
Advantages of P2P Exchange
Low transaction fees
The P2P exchange is a simple platform and the overhead is negligible for both buyers and sellers.
On P2P Binance, takers are charged no trading fees, while makers are charged a small transaction fee on each order completed. We promise to implement the lowest P2P transaction fees in all markets.
Flexible payment methods
Peer-to-peer exchanges give sellers the freedom to decide how they want to be paid.
On Binance P2P, you can buy and sell crypto with more than 150 payment methods, including bank transfer, cash, PayPal, M-Pesa, and several e-wallets
Trade at the price you want
Peer-to-peer trading gives users the freedom to trade crypto at the price they want.
At Binance P2P, you can not only buy or sell crypto from existing offerings, but also create your trading ads to set your own prices.
Protection for your privacy
Unlike credit cards or bank transfers, peer-to-peer exchanges do not collect information about buyers and sellers.
So, you can buy Bitcoins with cash on P2P Binanc and don’t need to use any bank accounts or online wallets to make crypto-fiat transactions.
How to place an order on Binance Futures
Before placing an order you need to understand the following words:
Post-Only: This command will be added to the command book but not executed immediately
Time in Force (TIF): Effective time.
Either til Canceled (GTC): This order will be executed until match or will be cancelled
Immediate or Cancel (IOC): The order will be partially or completely executed immediately and the remainder will be cancelled.
Fill or Kill (FOK): The command must be executed completely or aborted immediately.
Reduce-Only: This order will only close your position, not increase it.
trigger: is the price that will trigger Take-profit-limit, Take-profit-market orders
MarkPrice: Prices are calculated by Binance based on major exchange prices and Funding Levels.
LastPrice: The latest price traded on Binance Futures.
Cost: The USDT number you need to enter a LONG/SHORT order.
Order Qty: Order quantity.
How to Trade Futures on Binance?
- Open a futures trading account on Binance. …
- Deposit funds in USDT, BUSD, or any cryptocurrency supported by Binance Futures. …
- Choose your preferred futures contract. …
- Choose the appropriate leverage for your futures contract.
Conclusion
Hope the article What is Binance Futures? help you better understand Binance’s perpetual futures trading platform.
Leveraged investments can bring huge returns but the risks involved are not small. Everyone must consider and manage risk. Good luck in this area. Thank you for viewing the article
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https://www.binance.me/en/register?ref=184773025
https://www.binance.me/en/futures
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