How to make money with Binance Futures 2023?

What is Binance Futures?

The most popular cryptocurrency derivatives market in the world is Binance Futures, which gives traders a straightforward option to make predictions about the price movements of digital assets. Since traders can obtain a great return profile without taking on significant capital risk, futures contracts are capital-efficient. However, to reduce the extreme volatility in the Bitcoin market and succeed as a futures trader, a strong risk management approach is needed.

Traders can trade everlasting and quarterly futures contracts on Binance Futures. While continuous futures contracts have no expiration date, quarterly futures contracts do besides three months.

In the cryptocurrency market, trillions of dollars are exchanged each month as traders take advantage of the chances to earn quickly regardless of the direction of the trend. By using derivatives contracts, traders can go long (buy low and sell high) or short (take advantage of price swings) (selling high and buying low). With more than 500 trade pairs available, Binance Futures has developed into the most liquid cryptocurrency derivatives market in the world, enabling customers to minimize unnecessary risks.

How to sign up on Binance Futures?

Step 1: First of all, you need to create a Binance account. Register yourself through the top right corner of the page. You can sign up with Google account or with Apple. Click confirm after selecting your respected residence on site with country and area. Then you can select “Next” and proceed. Then wisely select your password and email.

If you already have Binance Account then you can of course proceed to step 2. Also, there will be certain other things asked such as your personal information, government issued ID, and a facial recognition test should be passed. There should be proof of address also given. Moreover, there will be a questionnaire followed.

Step 2: If you already have your account then you can continue with it by entering email and password. There will be an email verification code sent to your email and then you may enter the code and proceed. Moreover, you can also add a phone number where a code could also be sent to you. This is how your account is verified completely.

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Make Your First Deposit

So, now you can make your first deposit fiat or cryptocurrency before you make your first trade on Binance Futures. Now just visit the Binance and select the option to buy cryptocurrency in the top left corner of the website to make the fiat deposit. Next, choose your desired currency and also the method of depositing digital money. Now just go with the given directions.

Finally, you can visit Binance and click “Wallet” there in accordance with fiat and spot in the top right corner of the website and make your cryptocurrency deposit. Now you can pick the desired coin in which you want to invest on the Binance account from the provided list. Then the user can just follow the on-screen directions. After adding money to your Binance account you can use the transaction ID info to view the status of your deposits on blockchain explorer. Use the ID information to look up the deposit status. You can view your transaction history as well as the incoming transactions.

Make Your First Trade

Take note that before you may execute your first trade in crypto derivatives, you must send money to your Binance Futures wallet. Visit Binance and select the wallet option to do this. You’re prepared to do your first trade now that you’ve authenticated your Binance account and added money to your Binance Futures wallet. Go to Binance Futures and select from the US dollars to Coin-m Futures Contracts to execute your first deal. Now choose between positions from buy long to sell short just to set up your profit and loss orders present.

You also need to choose between cross and isolated when it comes to margin mode which can be used just for futures contract. Then you can finally confirm by clicking. To spot possible investment setups based on patterns or other technical indicators offered by Binance Futures, use the “Price Chart”. On the page’s top left, click the tab Futures Contract if you want to trade.

Below we have made easier by placing steps in order to trade on Binance Futures:

It’s rather simple to trade cryptocurrency financial derivatives on Binance Futures. If you already have an account, you can sign up by doing what is described below:

• Create a trading account on Binance Futures for futures. Please be aware that before you begin trading in futures, you must enable 2FA authentication.

• Deposit money into your futures wallet using cryptocurrencies that Binance Futures supports, such as USDT, BUSD, or others.

• Choose between the USDS-M Futures and COIN-M Futures derivative contracts that are offered on Binance Futures.

• Determine the right level of leverage for your situation.

• Make any kind of order on Binance Futures, including buy-limit and purchase ones.

So, if we look at it closely, trading cryptocurrency is very easy and practical for everyone, even the beginners. You can make predictions about the values involved in the digital assets for the future. For individuals with the right information and a reliable risk-management plan, it can be financially rewarding. The most active futures exchange in the market is now Binance Futures.

In order to help users minimize unneeded risks, it gives the narrowest bid/offer spread. Over 28.6 million active traders choose Binance Futures as their preferred crypto derivatives exchange due to the wide variety of trading pairings and massive trading volumes. Even beginner traders are using Binance Futures as a learning tool. It provides customers with a specialized simulated trading environment where they may practice dealing with no risk. Realtime trading practice is open to everyone.

Benefits of Binance Futures

1. A wide range of cryptos are available on Binance Futures. With over 530 crypto-tocrypto exchange pairings accessible, consumers may trade anything from DeFi tokens to memecoins like Dogecoin and Shiba Inu. Newer currencies are always being introduced to give traders the best trading unique experience.

2. One of the most liquid derivatives exchanges on the market is Binance Futures, which has a large assortment of trading pairings. Due to the timely filing of their purchase and sale orders, traders are never required to worry about downtime.

3. Binance Futures’ incredibly cheap fee structure is another alluring feature. Traders can keep their hard-earned earnings thanks to maker/taker fees that can be as little as 0.000%/0.017%. Holding BUSD or any other cryptocurrency will further reduce these expenses.

4. In order to allow any trader to expand their portfolio regardless of account balance, Binance Futures additionally offers a substantially wide range of leverage for accounts with a balance of $0 to $50,000.

5. Even more intriguing is the capacity to generate earnings despite changes in the market’s trend. With Binance Futures, traders can employ several methods, such as Grid Trading and TWAP, to profit from any price fluctuation by choosing to sell high and buy low or purchase low and sell high.

6. Over the years, Binance has established a strong brand with more than 28.6 million active users to the point where many people contend that if a cryptocurrency is published on Binance, it is a trustworthy project.

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