8/27/2023 0 Comments Futures binance![]() If you have less capital in your wallet than you’d like to trade with, you can use leverage to increase your buying or selling power. What is the Maximum Leverage Available on Binance Futures? However, getting started only requires a 30-day trade volume of 250 BTC or less and no BNB. ![]() If you’d like to trade at the lowest fee rates, whether maker or taker rates, a quick tip is to trade a 30-day trade volume of at least 750,000 BTC(Bitcoin) and at least 11,000 BNB. Because “makers” essentially bring more business to Binance, their fee is usually less expensive. The taker fee rates on Binance Futures range from 0.017% to 0.04%, while the maker fee ranges from as low as 0.0000% to 0.02%. When you provide liquidity to the order book, you are charged a Maker fee, and when you take liquidity out of the order book, you are charged a taker fee. ![]() The two main fees to watch out for on Binance Futures are the maker and taker fees. And, while it may appear insignificant, it could add up over time, impacting your overall return on investment. This project is a set of best practices that are meant to make sure that all traders know how complex futures trading is before they open a futures trading account with Binance.īinance Futures, like most trading platforms, charges trading fees. In this way, traders are able to reduce risk or increase their profits in a volatile market.įutures trading and all of the risks that come with it can be hard to fully understand, which is why Binance wants all of its users to take part in its Binance Futures Responsible Trading initiative. Alternatively, they could go short and sell a futures contract, anticipating it will decrease in value in the future. By going long, a user buys a futures contract, anticipating that its value will increase in the future. Instead, traders use significantly smaller amounts of cash to go long or short on a futures contract that they anticipate will rise or fall in price in the future. Unlike buying and selling cryptocurrency in anticipation of a price increase or decrease, Binance Futures and any other crypto derivatives exchange platform don’t require users to hold the underlying asset. Binance Futures has a large number of cryptocurrencies to choose from, and new coins are added to the exchange all the time.
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