Step-by-Step Guide to Trading Binance Options
Key Takeaways:
The new Binance Options Trading Platform is built with a focus on simplifying Options Trading with its intuitive user interface
We have prepared a simple guide to walk you through the process of trading Binance Options.Â
Within a few minutes, you will learn how to buy Call and Put Options to create your Options trading strategy.Â
Options trading is often misguided as complex or âonly for the professionals''. Binance seeks to simplify Options Trading to lower the barrier of entry to traders regardless of experiences.  Â
Binance has put a lot of effort over the past few years to make crypto derivatives trading widely accessible. The Binance App and Desktop Client allow users to trade anytime and anywhere. With one integrated interface, traders can keep track of price movements across multiple markets, including Spot, Futures, and now Options.
Our new Options Trading Platform enables traders to take a directional view of the market or protect their portfolios against volatility with the comfort of knowing their maximum downside is capped at the Options Premium paid.Â
So, letâs explore how you can start trading Binance Options today!
How to Trade Binance Options
Step 1 - Go to Binance and click [Log In], or [Register] if you donât have an account yet.
Step 2 - Once logged in, click [Derivatives] - [Options].
Step 3 - Click [Register Now] to open a Binance Options account.
Step 4 - Click [Transfer] to add funds to your Options Wallet.Â
Step 5 - Choose between the different [Call] and [Put] Options available to open a position. Note that Call Options give the holder the right, but not the obligation, to buy the underlying asset at an agreed-upon date and time, while Put Options give the right to sell the underlying asset.
Step 6 - Once you have selected a Call or Put Option, the [Trading Panel] will be enabled. You can also click on the arrow to check for more market details or click on the candlestick symbol to switch the trading interface.
Step 7 - Select [Order Type], input [Price] and [Amount], and click [Buy] to open a position.Â
Step 8 - To close the position, you have the choice to:Â
Hold until expiration;Â
Switch to [Close] mode in the Trading Panel, select [Order Type], input [Price] and [Amount], and click [Sell];Â
Or click [Close] directly under [Positions].
Summary
Now that weâve explained how to trade Binance Options, why not give it a try?Â
Binance Options give you the right, but not the obligation, to buy or sell an underlying cryptocurrency at an agreed-upon price and a predetermined date. By only paying the required Options Premium, you get the same exposure as holding an equivalent Futures or Spot position. With lower capital requirement, capped predetermined losses limited to options premium, Binance Options are a great alternative for you to amplify your trading results and enhance your portfolio.Â
Read the following helpful articles for more information about Binance Options:
(FAQ) What Is Options Trading?
And many more Binance Options FAQ topicsâŠ
Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.