A step-by-step guide to start trading futures on Binance:

1. Create and Verify Your Binance Account

  • Sign Up: Go to Binance, (https://www.binance.com) and create an account if you don’t have one.

  • Complete KYC: Verify your identity (required to unlock futures trading).

  • Enable 2FA: For security, enable Two-Factor Authentication (Google Authenticator or SMS).

2. Enable Futures Trading

  • Navigate to the “Derivatives” section in the top menu and select “USDT-M Futures” or “COIN-M Futures”.

  • Complete the quiz if prompted (required for first-time futures traders).

3. Deposit Funds into Your Futures Wallet

  • Go to Wallet > Futures Wallet.

  • Transfer funds (e.g., USDT or BUSD) from your spot wallet to your futures wallet.

  • Alternatively, you can deposit directly to your Futures Wallet via cryptocurrency.

4. Learn the Basics of Futures

Understand USDT-M Futures (stablecoin-margined) and COIN-M Futures (crypto-margined) contracts

Familiarize yourself with:

  • Leverage: Control larger positions with smaller funds.

  • Mark Price vs. Last Price: To avoid liquidation.

  • Funding Rate: Costs for holding positions.

Types of Orders:

  • Limit

  • Market

  • Stop Limit/Stop Market

5. Choose the Right Futures Pair

  • Select a trading pair (e.g., BTC/USDT, ETH/USDT).

  • Assess market trends using Binance’s charting tools or external platforms.

6. Adjust Leverage

  • Click on the leverage amountnear the trading pair name.

  • Adjust leverage (e.g., 1x to 125x). Be cautious—higher leverage increases risk.

7. Place an Order

Navigate to the Order Panel:

  • Buy/Long: Profits if the price goes up.

  • Sell/Short: Profits if the price goes down.

Order Types:

  • Market Order: Immediate execution.

  • Limit Order: Executed at a specific price.

  • Stop Loss/Take Profit: Manage risk and lock in profits.

8. Monitor Your Position

  • Track your position under the “Positions” tab.

Watch for:

  • Margin Ratio: Avoid liquidation.

  • Unrealized PnL (Profit and Loss): Current gains or losses.

9. Close Your Position

  • Manually close your trade when your target profit or stop-loss is hit.

  • Use “Market” close for immediate closure or “Limit” close to exit at a desired price.

10. Withdraw Profits

Transfer funds back to your Spot Wallet if you wish to withdraw them.

Latest Binance Updates for Futures Trading (2024)

1.Dual Investment Feature: Now integrated into futures for advanced strategies.

2. Auto-Deleveraging (ADL): Enhanced transparency on liquidation ranking.

3. USDⓈ-M and COIN-M Futures Expansion: New pairs added regularly.

4. Trading Bots for Futures: Use AI-powered strategies via "Binance Strategy Trading" .

Risk Management Tips

Only trade with funds you can afford to lose.

Use "stop-loss orders" to minimize risks.

Avoid excessive leverage unless experienced.

Continuously monitor Binance’s "Futures Updates" for new tools or rules.

#FutureTarding #FutureOfTrading #BinanceFutureTrading #BinanceFutures $BTC $SOL