Main conclusions:
The new Binance Options platform is designed to make options trading easier with an intuitive interface
We have prepared a simple guide to walk you through the options trading process on Binance.
Take just a few minutes to read it and learn how to buy call and put options and create your own strategy.
Too often, options trading is perceived as “too complicated” or “only for professionals.” Binance is committed to simplifying this process to make options accessible to traders regardless of experience.
Over the past few years, Binance has put and continues to put a lot of effort into making crypto derivatives trading accessible to as many people as possible. The Binance mobile app and desktop app allow users to trade anytime, anywhere. Through one integrated interface, traders can track price movements across multiple markets, including spot, futures, and now options.
Our new options trading platform allows traders to monitor market direction and protect their portfolios from volatility with the confidence that their maximum loss is limited to the option premium.
So let's find out how to start trading on Binance Options.
How to Trade Options on Binance
Step 1: Go to Binance and click Login, or Register if you don't have an account yet.
Step 2. Then select the Derivatives - Options section.
Step 3: Click Register to open your Binance Options account.
Step 4: Click Transfer to transfer funds to the option wallet.
Step 5: You can choose either a Call or a Put option. Note that call options give the owner the right, but not the obligation, to buy the underlying asset at a specified date and time, while put options give the owner the right to sell the underlying asset.
Step 6: Once you select the put or call option, the trading panel will open. You can also click on the arrow to check more detailed market information or click on the candlestick icon to switch the trading interface.
Step 7. Then select the Order Type, enter the Price and Amount, and click Buy to open the position.
Step 8. To close a position, you can choose one of the following options:
Hold the position until expiration;
Switch to Close mode on the trading panel, select Order Type, specify the Price and Amount, and click Sell;
Or click Close in the Positions section.
Summary
Now that we've explained how to trade options on Binance, you can get started!
Binance Options give you the right, but not the obligation, to buy or sell an underlying cryptocurrency asset at a specified date and time at a specified price. By paying only the required premium for the option, you get the same as holding an equivalent position in futures or spot. With lower investment requirements and predetermined losses limited to the option premium, Binance Options is a great alternative to improve your trading results and grow your portfolio.
For more information on options trading on Binance, check out the following articles:
(FAQ) Introduction to Binance Options
(FAQ) What is options trading?
(FAQ) Binance Options Contract Specifications
(FAQ) Mark Price and Position Limits for Binance Options
(FAQ) Binance Options Trading Fees
Plus other frequently asked questions about Binance Options
Risk warning. Digital asset prices may be volatile. The value of the funds invested may go up and down. You may not get your invested funds back. You are solely responsible for your investment decisions. Binance is not responsible for your possible losses. Futures trading in particular is subject to high market risk and price volatility. If there is a sudden price change, there is a chance that your entire margin balance will be liquidated. Past performance is no guarantee of future performance. Before entering into a transaction, you should make an independent assessment of the appropriateness of the transaction, taking into account your own objectives and circumstances, including the risks and potential rewards. If necessary, contact your advisor. This information should not be considered financial or investment advice. To learn more about how to protect yourself, visit Responsible Trading. To learn more, please read our Terms of Use and Risk Disclosure.