Bitcoin futures are one of the new assets that have attracted the most interest from the cryptoverse. Partly because they allow for large amounts of profit, or loss. How do I invest in Bitcoin futures with Binance?
Binance is the largest crypto exchange in the world, and since it started this fateful year of 2020 it has not stopped adding new services to its platform. One of them has been
- Bitcoin Billionaire
- Bitcoin Trader
- Bitcoin Circuit
- Immediate Edge
- Bitcoin Code
- Bitcoin Revolution
- The News Spy
- Bitcoin Evolution
- Bitcoin Profit
- Bitcoin Era
futures on the Binance platform.
Bitcoin futures are not for everyone. You need even more knowledge than you need for trading in the spot markets.
Can you make a living trading Bitcoin?
How do I trade Bitcoin futures with Binance?
The first thing we need is a verified and registered account at Binance. To do this, you need to have the mobile application, because the crypto exchange requires a biometric scan, an identity card from our country and, of course, knowledge of cryptomoney futures trading.
Once all these steps have been completed, we can continue our journey and invest in Bitcoin futures with Binance. It is important to note that the minimum investment required is 0.001 USDT.
How do I use the Bitcoin Binance Futures App?
Once you’ve created and verified your Binance account, all you need to do is go to the main page of the App under the „Futures“ tab.
Bitcoin Futures Binance
In this window, we open our account in Bitcoin futures. The platform will show us an alert, saying that this type of trading, although very lucrative, carries a lot of risk.
Once this step is completed, and understanding the risks involved, we will have to move our holds from our spot wallet to our futures wallet.
This is a safety measure, so that on a bad day we don’t lose all our money. Once deposited in our new wallet, we can now do some trading in Bitcoin futures at Binance.
Trading on the platform
The first thing to consider is that Binance uses Perpetual Futures Contracts. This means that you can open (Long) or close (Short) the contract at any time you wish.
Binance Futures on Bitcoin
This again to avoid significant losses in a market where high volatility is normal.