If you are a cryptocurrency trader, you must have heard of Binance Futures. It’s the dream trading platform for any crypto enthusiast. But, the features and functionalities offered by the platform can be overwhelming sometimes. To help you out, we have listed 5 cool features you should try out on Binance Futures. These features will make your trading experience more seamless and enjoyable, from high leverage to low fees. Read on to learn more about these features and how they can help you grow your portfolio!
What are the 5 best features of Binance Futures?
Futures contracts with no expiry date – This is one of the best features of Binance Futures as it allows traders to take a position and hold it for as long as they want. There is no need to worry about the contract expiring and being closed out. Leverage up to 125x – Binance Futures offers high leverage of up to 125x, which allows traders to increase their potential profits (or losses).
Margin trading is available on Binance Futures, allowing traders to trade with borrowed funds. This can be used to increase profits, but it also increases risk. Wide range of tradable assets – A wide range of assets are available to trade on Binance Futures, including cryptocurrencies, commodities, stocks, and more. 24/7 customer support – Binance offers 24/7 customer support if you have any problems or questions while trading on their platform.
The Different Types of Binance Futures
Binance Futures offers a variety of futures contracts to trade, including BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, and LTC/USDT. Each contract has a different underlying asset and, thus, a different ticker symbol. BTC/USDT is the most popular contract on Binance Futures and has the highest trading volume https://cryptofortrader.com/%eb%b0%94%ec%9d%b4%eb%82%b8%ec%8a%a4/.
How to use Binance Futures
Binance Futures is a great way to trade cryptocurrencies. Here are a few tips on how to get the most out of it:
Get to know the interface. Binance Futures has a user-friendly interface that is easy to navigate. Spend some time familiarizing yourself with the different features and options available.
Use limit orders. A limit order allows you to set the price you want to buy or sell a cryptocurrency. This can help you get better prices and avoid market manipulation.
Use stop-loss orders. A stop-loss order is an order that automatically sells your position if the price falls below a certain level. This can help you limit your losses in a sudden price drop.