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Frequently Asked Questions
Terms and Conditions
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What is a Futures Present?
Futures Present is a new feature that allows users to share their trading success by sending a position to their friends.
You can create a Futures Present with a customized position. Simply set the target symbol, trading side, and trading amount to send it as a gift. The recipient will then be able to claim it with the gift code and open the Futures position you customized.
Note: Currently, this feature is only available on the Binance app.
How to send a Futures Present?
1. Login to your Binance app and go to [Futures]. Tap [...] - [Futures Present].
2. Tap [Send].
3. Enter the position details, including the target Futures symbol, trading side, the amount of each Present, numbers of Presents, and personalized message for the recipient(s).
Please note:
- [Each Present’s Amount] refers to the initial margin to open a position.
- The Present will expire after 24 hours if it hasn’t been claimed.
- Only USDT perpetual contracts are supported.
- Leverage cannot be edited.
- The maximum amount for each Present is 10,000 USDT.
- The minimum amount for each Present varies for symbols. Please refer to the minNontional Value for each symbol on the Trading Rules page.
4. Tap [Continue] and confirm the payment information. Tap [Continue] again and the funds will be deducted from your selected wallet.
5. Your Futures Presents are created. You can send them to friends and family by sharing the link, QR code, or Present Code.
How to claim a Futures Present?
1. Login to your Binance app and go to [Futures]. Tap [...] - [Futures Present].
2. Select [Receive] and paste the Present Code.
3. Tap [Claim Now].
4. Wait for approximately 10 seconds, and the position will be opened. You can tap [View Positions] to check and manage the position via the trading page.
Please note:
- The position will be opened via Isolated Margin mode.
- You will not be able to receive the Futures present if you already have an open position or open order under the same trading pair.
- Each user can only claim 1 Present from the same Present Code.
1. Does Futures Present support sub accounts?
No, only master accounts are supported.
2. Why is there a different minimum gift requirement for different target Futures symbols?
This is because of Futures symbols’ different trading rules. Each futures symbol requires a certain minimum notional trading amount and unit of trade. Therefore, some symbols have higher margin requirements to trade than others. For more information, please refer to the Futures Trading Rules.
3. Why can I send a Present valued at $20 for just $1?
This is because the system employs a 20x leverage for your Present. Leverage allows you to engage in larger market transactions with a smaller amount of capital. Thus, the $1 is essentially the initial margin for opening a Futures position worth $20. Throughout this process, the value of the entire transaction changes with market fluctuations, creating potential profit opportunities.
4. When can I send a Futures Present?
Sending a Futures Present can be particularly meaningful or strategic in the following scenarios:
- Special occasions: For birthdays, holidays, or milestones where a unique and potentially profitable gift would be appreciated.
- Market opportunities: When you anticipate a significant market movement and want to share a speculative opportunity with a friend.
- Educational purposes: As a way to introduce a friend to Futures trading, providing them the chance to learn with a small, leveraged position.
- Engaging challenges: To create a fun and engaging challenge among friends, seeing whose market predictions turn out to be correct.
The Futures Present can add extra value and fun to a monetary gift, but since it involves Futures trading, you are recommended to fully understand the potential risks before participating.
5. What are the risks of using Futures Present?
Futures Present involves using leverage in Futures trading. If the market moves as predicted, the recipient can earn additional profits beyond the initial Present amount. Conversely, if the market trend differs from the prediction, the recipient may not gain more than the Present amount and could potentially lose the entire gift value. The sender should understand the risks of market volatility, and the recipient should carefully monitor position changes after claiming the Present. For more information on the advantages and risks of Futures trading, please refer to other Binance Futures Trading articles.
1. Your access to, use and/or participation in Futures Present shall constitute your agreement to all of the terms and conditions in the: Futures Present terms (the "Futures Present Terms"); Binance Terms of Use (the "Terms of Use"); Binance Pay Terms (the “Pay Terms”); and Binance Futures Services Agreement (the "Futures Services Agreement", and together with the Futures Present Terms, Terms of Use and Pay Terms, the “Terms”).
2. You represent and warrant that you have read and understood all of the Terms. If you do not understand and accept the Terms, you should not use or participate in Futures Present.
3. Definitions:
3.1. capitalized terms used in these Futures Present Terms which are not otherwise defined herein, shall have the same meaning given to them in the Terms of Use; the Pay Terms; and the Futures Services Agreement.
3.2. the following definitions are applicable to these Futures Present Terms:
3.2.1. “Eligible Futures Symbol” means the USDT perpetual symbols designated by Binance from time to time.
3.2.2. “Eligible Users (FP)” means Users identified by Binance, in its sole discretion, as being eligible for Futures Present.
3.2.3. “FP Sender” means an Eligible User (FP) that wishes to send the relevant Futures position(s).
3.2.4. “FP Receiver” means an Eligible User (FP) that is the recipient of the relevant Futures position(s).
3.2.5. “Futures Present” means a Futures Trading Service feature under the terms of the Futures Services Agreement and these Futures Present Terms that allows Eligible Users (FP) to send and/or receive a Futures position with predefined parameters (determined by Binance in its sole discretion).
3.2.6. “Red Packet” means a feature of the Pay Services (as defined in the Pay Terms) that allows Users to send and/or receive certain Digital Assets from other Users.
4. Futures Present is only available to Eligible Users (FP) and all such Eligible Users (FP):
4.1. must pass all KYC and other compliance checks as may be required by Binance from time to time;
4.2. must have a Futures Account; and
4.3. acknowledge and agree that Futures Present will only be available through a User’s main account and all User sub-accounts are excluded.
5. Under the Futures Present Terms, Binance grants each Eligible Users (FP) the ability to send and/or receive Futures trading positions whereby:
5.1. only USDS-M Futures positions can be sent or received;
5.2. subject to limits that might be imposed by Binance from time to time, an FP Sender must specify: the direction of the Futures position (namely, a long position or short position); the target Permitted Futures Symbol; the predefined leverage; and the Present Amount (the “FP Position”);
5.3. the USDT value required to open a Futures position with the parameters of the specified FP Position (the “Present Amount”) will be sent as a Red Packet to the FP Receiver(s);
5.4. notwithstanding anything to the contrary in the Terms, such Present Amount shall be applied by Binance towards opening a Futures position in accordance with the terms below;
5.5. the FP Receiver(s) must claim the FP Position sent by the FP Sender before such FP Position expires;
5.6. upon a FP Receiver successfully claiming an FP Position, the Present Amount of such FP Position will be applied by Binance towards opening a Futures position with the parameters of the specified FP Position (the “FP Receiver Position”);
5.7. the Present Amount and its corresponding FP Position shall take into account all fees, commissions and charges related to establishing the FP Receiver Position;
5.8. once the FP Receiver Position is established, it will constitute a Futures position of the FP Receiver under the Futures Services Agreement, which the FP Receiver may manage at its discretion; and
5.9. the FP Receiver shall be responsible for any Margin Requirements, Fees, Interest, Commissions, Charges, Margin Calls and Liquidation.
6. Futures Present is only available to eligible users who are enabled for Futures Trading Services and Pay Services, and may not be available or may be restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Binance reserves the right to exclude any user from this promotion at any time
7. All eligible users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance Futures services in each country from which the services are accessed.
8. Any Futures position sent pursuant to Futures Present must be claimed by the relevant FP Receiver within 24 hours of being sent by the FP Sender, after which such Futures position will expire. Upon expiry, the Present Amount corresponding to such expired Futures position will be returned to the FP Sender.
9. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
10. 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 authorized by you to reverse any transfers of Digital Assets made to and/or from your Binance Account(s) in connection with such transaction, effectively treating the transaction as if it had never taken place.
11. 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 service features, 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.
12. 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.
Risk Disclaimer: Digital asset prices can be volatile. 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. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. 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 profit. 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.