Binance is one of the leading platforms that offers futures trading for various crypto pairs, such as BTC/USDT, ETH/USDT, and more.
To start trading futures on Binance, you need to have a Binance account and deposit some funds into your futures wallet. You can use USDT or BUSD for USDⓈ-M futures contracts, or other coins like BTC for COIN-M futures contracts. You can also transfer funds from your spot wallet to your futures wallet easily.
Once you have some funds in your futures wallet, you can access the futures trading interface on the Binance app. You can choose the level of leverage you want to use, from 1x to 125x, depending on the risk and reward you are comfortable with. You can also select the order type, such as limit, market, or stop-limit, and the amount of contracts you want to buy or sell.
You can go long or short on a futures contract, depending on your market view. Going long means you expect the price of the asset to increase in the future, while going short means you expect the price to decrease. You can monitor your positions, orders, and trading history on the app, as well as adjust your margin, stop-loss, and take-profit levels.
