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Binance Futures Free Position is a trading margin gifted to eligible users, allowing them to open a futures position with predefined parameters.
Displayed on the futures trading page, Futures Free Position enables selected users to go long or short on a selected coin with the present position attributes. Once the position details are confirmed, the system will automatically open a Futures Free Position based on the user’s selected attributes.
Futures Free Position attributes:
Description
Details
Direction
Long/Short
Order Type
Market
Leverage
20x
Margin Mode
Isolate Mode
Commission Fee
Covered by Free Position
Note: Only selected coins are available for free position rewards.
How to activate and receive Futures Free Position?
Step 1: Open a Futures Account
On your Binance app, go to the [Futures] tab. After enabling your Futures account, tap [Start Now].
Step 2: Open the free position
Choose the direction of your trade by selecting either [Rise] or [Drop] for a short position. The free position will be opened immediately at the market price with the selected symbol.
You can manage the position by adjusting leverage, setting a stop-loss, or closing the position.
If you tap on [No Thanks], you will be directed back to the futures trading page, where you can continue to claim the free position gifted to you by tapping on [Claim].
Note: By activating the Futures Free Position, you agree that you have read, understood, and accepted the Futures Free Position Terms and Conditions. You acknowledge and agree that you will be bound by and will comply with these Terms, as updated and amended from time to time.
1. By participating in "Free Position", you acknowledge that you have read, understood, and accepted all of the terms and conditions in these "Free Position" terms (the "Free Position Terms"), Binance Terms of Use (the "Terms of Use") and Binance Futures Services Agreement (the "Futures Services Agreement") (collectively known as the Terms). You acknowledge and agree that you will be bound by and comply with the Terms. If you do not understand and accept the Terms in its entirety, you should not use or participate in "Free Position".
2. Any terms and references used in these Free Position Terms which are not defined herein, shall have the same meaning and construction in the Terms of Use or the Futures Services Agreement.
3. Eligibility:
Free Position is exclusively available to new users who have never traded futures before, currently have no open orders nor open positions, maintain a combined balance of over 10 USDT in their spot and futures wallet, and pass Central Compliance checks. Sub-accounts are excluded from this Free Position. Free Position is not exchangeable for money or any form of cash.
4. Free Position:
4.1 Binance provides each eligible user a Free Position of a set value, as announced in the product page, to open a USDS-M Futures position with predefined parameters.
4.2 The Free Position is set to a predefined leverage fixed to each Base Asset as specified in the product page, the margin mode is on isolated margin mode, and the order is set to be market order type.
4.3 You are required to choose the direction of your position, namely long position or short position.
4.4 The Free Position will cover Commission payable upon creating position, and the Margin Requirements upon creating position will be fulfilled with Free Position.
4.5 Once the Free Position is created, you may manage the open position as your other futures positions. Any subsequent Margin Requirements, Fees, Interest, Commissions, Charges, Margin Call and Liquidation followed by your adjustment of the position should follow the same rules set out in the Futures Services Agreement.
5. You understand that any transactions deemed by Binance to be wash trades, illegal bulk account registrations, self-dealing, or carrying attributes of market manipulation are strictly prohibited. Upon detection of such prohibited activities, you grant Binance the authority (without any payment, penalty, or liability due by Binance and provided that such action is in compliance with applicable laws) to cancel or void such transactions, treating them as if they had never been entered into. Binance is also authorised by you to reverse any transfers of Digital Assets made to and/or from your Binance Account in connection with such transaction, effectively treating the transaction as if it had never taken place.
6. Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these Promotions, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be done, and all Participants shall be bound by these amendments.
7. Binance shall not be liable for any loss due to market order slippage and users shall have no recourse to the P&L due to such slippage.
Definition:
Free Position: Refers to the Trading Margin granted to eligible users to open a futures position with predefined parameters.
Risk Disclaimer:
Digital asset prices are subject to high market risk and price volatility. The value of your investment may 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.
The risk in futures trading is that loss of your entire investment within a relatively short period of time is comparatively high. Therefore, you are advised to read carefully and ensure you understand the terms under Futures Services Agreement. If you create contingent orders, such as “stop loss” or “stop limit” order, such orders will not necessarily limit your losses to the intended amount; market conditions may make such limits unviable. Furthermore, as “leverage” is allowed in trading, please note that it can work both for you and against you. Exploiting such “leverage” may lead to larger losses or higher profits.
In no way is performance or results guaranteed. Past performance is not a reliable indicator of his future performance. This content is presented to you on an "as is" basis for general information, without representation or warranty of any kind. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning and Responsible Trading Policy.
This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of any products and/or services offered from time to time in its sole discretion at any time without notification.
For more information regarding Binance Futures, please refer to:
