Binance-futures · GitHub Topics · GitHub
For the first scenario, you will gain about 31.9 USDT . But please don’t forget that if the price of Ethereum goes lower when you have an open LONG position, you will face multiplied loss because of leverage using. But for the second scenario, the profit will be multiplied by 5 and equals 176.9 USDT . Now again assume that you want to sell at the price of 1500 USDT per ETH. This is how you multiply the profit with leverage count.
Futures markets are essential vehicles to manage risks and enhance the market’s liquidity. Therefore, long-term traders, investors, and miners must have ample options to hedge or manage these risks, which happens periodically in a year.
I think its pretty scammy of them to set it at 20x automatically, bitcoin you can liquidate a position in seconds if you don’t know what you’re doing. And also moving things on the charts lol. That, and also not being able to set stop losses before an order is filled — like everyone is just sitting on their computers 24/7. As much as I hate bitmex, atleast it has useful functions so you can set and forget.
USDT can be transferred from Spot account, can be deposited from external wallets, or can be borrowed directly from Binance. Now we’re on the second phase, funding the account . If you open your Binance Futures page for the first time, the default page is set as BTCUSDT Perpetual Futures . After approving the warning, there are no more steps to be done. If you want to trade on Futures, you need some USDT tokens. So please scroll down, check the ‘Assets’ section on the right, and click ‘Transfer’ to fund your account. I assume that most traders have some USDT in their account to transfer.
However, the high barrier to entry for trading futures on Binance may serve as a bottleneck for traders who want a direct approach to crypto futures trading without having to scheme through the different products on the Binance trading platform.
A curious thing, however, is that these initiatives are all very recent and follow the warning issued by the Italian Consob, whereas the first report of Binance Futures was made by the Brazilian CVM in July last year, and then taken up the following month by the same Consob.
The exchange reports that Hong Kong users will no longer be able to open new derivatives accounts with immediate effect, and binance futures will have 90 days from a date to be announced to close all of their outstanding derivatives positions.
By following these seven easy steps after signing up for a crypto futures trading account using either your mobile or email address, you would have placed your first trades and binance start earning right away.
You are able to leverage your position up to 125X on BTCUSDT Perpetual, 100X on ETHUSDT Perpetual, and 50X on other cryptos to USDT pairs. The second button is for deciding and switching the leverage count.
The default margin mode is Cross Margin and the default leverage count is 20X . Please be sure that you can change both of them at any time before opening the position. If you have any position (even with a 1$ worth margin) you can no longer change it!
If you read up to this point, then congratulations, as we’ve come to that point where we walk you through step-by-step on how to get started trading crypto futures on the BTCC crypto CFD futures without all the bottlenecks in the space.
In light of this, it is possible to imagine that in the future it could take similar initiatives in other countries as well , until it manages to obtain all the necessary authorisations to be able to offer these regulated products in accordance with the law.
If nothing else, however, the exchange shows a clear desire to operate within the law , as it appears willing to give up a significant chunk of its revenues in these countries in order to comply with the regulations, or at least stop operating without the necessary authorisations.
Perhaps the company decided to wait for the warning in order to understand how seriously the Consob was taking it, but in these cases the governmental agencies of vigilance on the financial markets are always serious. Binance probably must have underestimated the importance of those reports, especially because if no action is taken after a warning of this type, sooner or later the warning is automatically triggered.
Please read it carefully because futures trading can be hurting if you are not familiar with the basics. If you have a Binance account, please go to the ‘Wallet’ section and click Futures Wallet on the left-hand side. The warning you should read and accept is below: When you try to see your Futures Wallet, the warning will pop-up on the screen.
As a result, the exchange is withdrawing its offerings of regulated products in certain countries in order not to violate any regulations in the countries where it operates, unless it is authorised to offer them to customers in those countries. However, it cannot be ruled out that it may obtain the necessary authorisations in the future and bitcoin reopen these services .