How it Works? Click the invitation link (or scan the QR code) to sign up for a Binance account within the promotion period. Buy crypto worth 50 USD or more using credit/debit card (Visa/Mastercard) within 7 days of opening your account. When signing up to Binance, use the referral ID code V2ZA7XLZ where it says “Referral ID (Optional)”
Binance is World’s number one cryptocurrency platform by trading volume. Binance and huobi global are the best exchange based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported.
Trusted by millions of users worldwide. Get started today and buy Bitcoin, Ethereum, Link, Tezos, Cardano and Binance Coin, and more, all with some of the lowest fees in crypto.
What is Binance Referral ID
With Binance referral id you can Earn up to 50% commission every time your friends make a trade on Binance.The commission fees shared with you by the person who invited you to Binance (One week of commission kickback history displayed by default. You can also generate link of 10% cashback to users and 10% to referee. You can create upto 20 link and different code.
Binance Referral ID: V2ZA7XLZ
So above Binance referral id you have to put before creating account on Binance.
How To Create Account On Binance
2.Enter email password and other imp details
3.Enter Binance refrral id: V2ZA7XLZ
4.Click on create account
5.You can trade any coin in binance.
Binance Referral Offer Details
Binance Referral Program TNC
Binance has linked the trading fee commission for both the Spot and Futures referral programs on 2020/05/11 4:00 PM (UTC).
For every new user successfully referred to Binance, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s spot or futures markets. This means you can now freely invite users via either a spot referral link or futures referral link and receive the commission from both.
Click the invitation link (or scan the QR code) to sign up for a Binance account within the promotion period.
Buy crypto worth 50 USD or more using credit/debit card (Visa/Mastercard) within 7 days of opening your account.
Take advantage on a Вinаncє Commission Kickback Rate of -20% commission rate as Вinаncє referral bonus, write the вinаncє invitation code V2ZA7XLZ in the field “Referral ID (Optional)” in the registration form as in the figure below or easy click the Вinаncє ref link https://www.binance.com/en/register?ref=V2ZA7XLZ for process your registration.
By now the registration with the Вinаncє code will allow you to take advantage of 10% commission reduction also on Binance futures section.
Binance is a cryptocurrency exchange platform where you can buy Bitcoin and many other altcoins. By using our Binance Referral ID / Binance Referral Code you will get a lifetime 10% discount off every trade commission associated with your account + 40% commission associated with all of trades of your friends, totaling a total of 50% commissions earned every time there’s a transaction associated with our account or your account.
You have various ways of buying crypto on the Binance platform.
Please use this Binance Referral ID code while creating a new account. You will get a lifetime discount of 10% over every trade:
Our 20% lifetime cashback works in combination with the 25% Binance Coin discount. So you will get a discount of 45% on trading fees in total. With our Binance Referral ID code you will get a double discount and save a lot of money on fees. Binance will give every trader 25% off when they hold Binance Coin. With our cashback promo, you will get 20% refunded into your Binance account.
It is only possible to apply the Referral ID code when creating a new account. When you are already an account holder you can consider to create a new account with our Referral ID.
More info about the Binance Futures Referral ID.
By using the Binance Referral ID above you support CryptoTips.eu and you save a lot of money. Binance has set up its own partner program to attract potential traders. With this program, anyone can promote Binance and earn cryptocurrency with it. This can be done through a special link, which includes your Referral ID. When someone registers via the special link or uses the ID, this user is linked to the owner of the ID.
The standard trading fee on Binance is 0.10% per trade. When you hold Binance Coin you will save 25% on every trade. So you only pay 0.075% fee over every trade. If you do a single trade of € 1.000, you will pay € 0,75 of fee. With our Binance referral ID activated you will get a cashback of 20% of this amount. Binance will refund € 0,15 to your account. You can imagine if you trade high volumes that you can save a lot of money on fees.
There is only one option to enter your Referral ID and that is during registration. After that you will no longer be able to fill it in. Entering the ID is not mandatory and is optional. In the screenshot below you can see where you can enter the Binance ID.
You know when you successfully applied it when you see the message: Your commission kickback rate: 20%.
To create an account with Binance you must also provide a valid email address and password. Then agree to the terms and conditions to complete your registration. In our how to trade at Binance tutorial you can see how you open positions and start trading.
You can also get a 25% fee discount on top of the 20% fee discount by simply holding BNB in your account and enabling the option to pay fees in BNB.
The option to use BNB to pay for fees is enabled by default, but you can still check it on your Binance dashboard.
How much BNB should I hold to get a 25% fee discount?
As long as you have some BNB in your wallet, the trading fee will be directly deducted from your BNB balance when you make a trade.
So there is no minimum. But, if you have a small amount of BNB in your wallet, you may run out of BNB very soon as you make trades.
And, when there is no BNB left in your wallet, the trading fee will be deducted from the coin you’re trading instead and you’ll not receive a 25% fee discount.
When you open your Futures account on Binance, you can enter the code ”10indirim” and get a 10% fee discount on futures trading fees.
If you’ve opened your Binance account with the code ”WRYOO8BZ”, you don’t need to enter an additional code when opening your Futures account.
You automatically get a 10% fee discount for futures markets in addition to the 20% fee discount that applies to spot markets.
Besides, you can transfer some BNB to your USDs-M Futures wallet to pay fees in BNB. In this way, you can receive an extra 10% fee discount for futures.
Binance referral ID is a code that you can enter when opening your Binance account and receive a fee discount (kickback).
You can open your Binance account with a 0%, 5%, 10%, 15% or 20% fee discount.
The maximum fee discount you can receive is 20% excluding the fee discount that comes from paying fees in BNB.
You can also share your own referral ID with anyone who wants to register on Binance and earn crypto together.
You can find your own referral ID on the referral page that is located under the user icon on your Binance account.
You can generate your referral codes by choosing the fee discount your friends will receive and start sharing it on social media, etc.
If you’ve registered on Binance without using a referral ID, you can’t add a referral code on your Binance account later.
But still there are a few things you can do to pay lower trading fees on Binance.
You should first hold Binance Coin (BNB) in your account. This way, whenever you make a trade on Binance, the trading fee will be deducted from your BNB balance and you’ll pay 25% lower trading fees.
Besides that, when opening your Binance Futures account, you can enter the code ”10indirim” and receive a 10% fee discount for futures trading.
You can also transfer some BNB from your spot wallet to USDs-M Futures wallet and get an extra 10% fee discount by paying fees in BNB.
If you don’t have a Binance account yet, you can open your Binance account with a 20% fee discount by clicking the button below or using the referral ID ”V2ZA7XLZ”.
Founded in 2017 by Changpeng Zhao, Binance is one of the best cryptocurrency exchanges in the world.
Binance is a safe, easy-to-use cryptocurrency exchange and has very low trading fees starting from 0.10% compared to other exchanges.
As a cryptocurrency exchange with low trading fees and hundreds of supported cryptocurrencies, Binance attracts users from all over the world.
In this Binance tutorial, I will show you how to use Binance and give you information about Binance fees and deposits & withdrawals.
If you don’t have a Binance account yet, you can follow the steps below and open a Binance account with a 20+25% fee discount.
To open your Binance account, first go to Binance’s registration page by clicking this link or the button below.
Fill out the registration form by entering your email address and password. You should use a password with at least 8 characters as well as upper case letters and numbers.
After creating your account, you will receive an email that contains the verification code for your email address.
Enter your verification code to verify your email address. After that, your Binance account will be ready to use.
After creating your Binance account, you should set up 2FA (two-factor authentication) to increase your account security.
You can use the Google Authenticator app or your phone to receive 2FA codes. Google Authenticator can be downloaded from the App Store and Google Play.
After clicking on ”Google verification” on Binance, you can scan the QR code shown on the page with your Google Authenticator app.
It will be automatically added to Google Authenticator as you scan the QR code and will generate 2FA codes for your Binance account.
Make sure to back up your QR code or text version of it while setting up 2FA so that you can recreate it easily if you lose your phone.
If you hold Binance Coin (BNB) in your Binance wallet, you can use BNB to pay for trading fees.
In this way, every time you make a trade, the fee will be deducted from your BNB balance and you will receive a 25% fee discount.
If you’ve opened your Binance account by following the steps above, your trading fee will be 0.06% and you’ll pay 40% lower fees on Binance.
The option to pay trading fees in BNB is enabled by default. You can check it on your Binance dashboard.
If you don’t want your BNB balance to decrease as you trade, you can disable it. But you will pay more trading fees if you disable this option.
To increase your daily withdrawal limit to 100 BTC and deposit fiat currencies into your Binance account, you should complete the identity verification process.
To verify your identity, first click the ”identification” under the user icon on Binance.
Click on the ”verify” button to start the verification process. You will need to provide your basic personal info, a photo of your ID and a selfie.
You don’t need to verify your address as well. You can complete it later if it is required for increasing the deposit limit of your preferred fiat currency.
You can deposit fiat currencies such as Euro, USD and GBP and cryptocurrencies into your Binance account.
To deposit money into your Binance account, click on ”wallet” and then click on the ”deposit” button.
There are many fiat currencies you can deposit into your Binance account. You can deposit a specific currency like BRL depending on your residence.
Or you can deposit more popular and widely used fiat currencies like USD and EUR into your Binance account.
You can deposit USD into your Binance account by making a SWIFT transfer to Binance Silvergate bank account in the U.S.
First choose ”USD” in the fiat option and click on the recommended method ”Silvergate Bank (SWIFT). You must have completed identity verification to deposit fiat currencies into your Binance account.
Enter the amount of USD you want to deposit into your Binance account and click continue. You can use the information provided by Binance to make a SWIFT transfer.
The fee for depositing USD into Binance is $10 per transaction. So, if you deposit $2000 USD, Binance will credit 1990 BUSD into your account. The daily limit for USD deposits is $5000 USD.
BUSD is Binance’s stablecoin and similar to other stablecoins like USDC and USDT.
You can deposit Euro into your Binance account by making a SEPA transfer to Binance.
First choose ”EUR” among supported fiat currencies in the fiat option. And choose the recommended ”bank transfer (SEPA)” method.
Enter the amount of Euro you want to deposit into your Binance account and click on the ”continue” button. In the next step, you can get the payment details provided by Binance to make your SEPA transfer.
Euro deposits are free on Binance. The limit for Euro deposits can be seen in the image below but also depends on your verification level.
If you have bought cryptocurrencies from your local cryptocurrency exchange or other global exchanges, you can transfer them to your Binance account.
As the trading fees on Binance is quite low and there are many supported cryptocurrencies, it is a good idea to transfer cryptocurrencies to Binance and trade there.
To deposit cryptocurrencies into your Binance account, click on ”fiat and spot” under the wallet menu and then click on the ”deposit” button.
You can search the coin / token you want to deposit and get your deposit address. Make sure to choose the correct network and send only the asset indicated by Binance.
Not choosing the correct network when depositing/withdrawing and sending different coins may result in the loss of your cryptocurrencies.
Binance has very low trading fees starting from 0.1%. Depending on your trading volume in the last 30 days, your fee rate can go much lower.
If your trading volume is below 50 BTC in the last 30 days, you will be charged a trading fee of 0.1% when you make a trade.
To calculate the fee you will pay when you make a trade on Binance, you can use the formula below:
Fee = (trade size/100)*fee rate
Let’s say you make a 1500 BUSD worth of trade, you can calculate the trading fee by dividing 1500 by 100 and then multiplying it by 0.1 (your fee rate).
The trading fee that will be charged for this trade will be 1.5 BUSD (1500/100*0.1).
If you’ve opened your Binance account by following the steps in this tutorial, you will be charged a trading fee of 0.08%.
If you hold Binance Coin (BNB) in your Binance wallet and opt-in to pay fees in BNB, your fee rate will be 0.06%.
Binance is not only about spot trading. You can also long and short Bitcoin with up to 125x leverage.
There are also many altcoins such as Ethereum and Chainlink that you can trade with leverage on Binance Futures.
To calculate the fee you will pay when you open a leveraged position on Binance’s USDT-M markets, you can use the formula below:
Fee = (position size/100)*fee rate
Let’s say you’ve transferred 2000 USDT to your USDT-M wallet on Binance and opened a position with 3x leverage.
In this trade, your margin is 2000 USDT and your position size will be 6000 USDT as you used 3x leverage. You can calculate the fee by dividing 6000 by 100 and then multiplying it by 0.02 or 0.04.
If it is a maker order, the trading fee that will be charged for opening this position will be 1.2 USDT (6000/100*0.02).
This is quite a low trading fee for a $6000 worth of position. But there are also funding payments exchanged between traders every 8 hours.
If you use the code ”10indirim” when opening your Futures account on Binance, you can get a 10% fee discount for futures markets.
If you want to pay even lower fees on Binance Futures, you can transfer some BNB to your USDT-M wallet.
In this way, you’ll pay fees in BNB and get another 10% fee discount for USDT-M markets.
Trading cryptocurrencies with leverage is riskier and more complex than spot trading.
If you are a kind of trader who wants to trade every coin in the market and discover low cap crypto gems, then Binance is the best place for you.
All of the major coins on the market and hundreds of altcoins are supported by Binance.
Each major coin is also traded against other cryptocurrencies such as BTC, BNB and ETH and many fiat currencies & stablecoins such as USDT, USDC, BUSD and EUR.
If you want to see all of the supported cryptocurrencies by Binance as well as trading pairs, check out this page. There are so many that we can’t even list them here.
Binance also keeps listing new cryptocurrencies and some pump a lot after being listed on Binance. You can view new crypto and fiat listings on this page.
After you’ve deposited fiat currencies or cryptocurrencies into your Binance account, you can start trading on Binance.
There are hundreds of cryptocurrencies and close to a thousand and maybe even more pairs you can trade on Binance.
To trade cryptocurrencies on Binance, you can use the ”classic” or ”advanced” trading interface which can be found on the ”trade” menu.
You can also use the ”convert” option to make trades. But it is not going to be a real trading experience.
You can’t view order books, price charts and more importantly you can’t make limit orders (buying/selling at certain prices).
So you should use the ”classic” or ”advanced” trading interface. Both are pretty similar and functional to the same degree. You can use the one you like.
On the trading page, you can search certain cryptocurrencies and trading pairs. There are several pairs for each stablecoin in the image below and many more for BTC, BNB and altcoins like ETH.
Let’s say you have BUSD in your wallet, you can choose the BTC/BUSD pair to buy Bitcoin. You just need to search the cryptocurrency you want to buy/sell.
There are three types of orders you can use to buy or sell a cryptocurrency: Limit order, market order and stop limit order.
The most commonly used one is limit order. Market orders differ from limit orders in that you don’t need to enter a price.
The buy or sell market order is automatically executed at the market price the cryptocurrency is currently traded.
Let’s say you have BUSD in your wallet. You can go to the BTC/BUSD pair and place a ”buy BTC” order to buy a certain amount of Bitcoin with your BUSD at a specific price.
In the example below, I want to buy 0.66 BTC at the price of 30,500 BUSD, which costs me 20,130 BUSD in total. On the right side, I am selling 1.5 BTC at the price of 32,000 BUSD.
When you hit the buy/sell buttons, your order will be placed on the order book. This is the order book of the BTC/BUSD pair on Binance:
For example, if you place a sell order at the price of 31,000 BUSD, it may take too much time to be executed.
As you can see in the image above, Bitcoin is currently traded at 27,937. If you place a buy/sell order close to these prices, your order can be filled within a very short time.
If you place a buy order at 27,937.80 or above, it will be executed immediately as there are sell orders at these prices ( might be partially executed too).
To buy at lower prices, you can place a buy order below 27,937.80. Your order will be added to the green side and you’ll be able to see your order there.
The same logic applies to sell orders as well. Now let’s look at how stop limit orders work on Binance.
Stop limit orders are used to place an order when a certain price is reached. Let’s say you only want to buy if Bitcoin breaks $30,000.
You can place a buy stop-limit order like this:
When you hit the ”buy BTC” button, your order will not be immediately placed in the order book.
It will be placed in the order book rather when Bitcoin price hits $30,000. And your order will be executed at the limit price ($30,025) you set.
This type of order can be used to buy a cryptocurrency only when a certain support or resistance level is broken.
In the example above, we assume that Bitcoin is below $30,000. So our limit price should be higher than or equal to the stop price.
If Bitcoin is above $30,000 and we want to buy Bitcoin when Bitcoin goes down and hits $30,000, our limit price should be lower than or equal to the stop price ($30,000).
You can also place sell stop limit orders to cut your losses when the market is down or take profit when the market is up.
Let’s say we have some Bitcoin and Bitcoin is currently traded at $31,000. We can place a sell stop limit order like the one below to take profit when Bitcoin hits $35,000.
If things don’t go well and Bitcoin starts to fall, you can use stop limit order to sell Bitcoin when a certain support level is broken.
In the example below, we want to sell Bitcoin when the price goes down and hits $27,000. Our order will be placed in the order book when Bitcoin falls to $27,000 and executed at $26,990.
To withdraw fiat currencies and cryptocurrencies from Binance, first click on ”fiat and spot” on the wallet menu.
On the ”fiat and spot” page, click on the ”withdraw” button located at the top of the page.
After clicking on the ”withdraw” button on Binance, choose fiat and then choose USD in the dropdown list.
You can withdraw your BUSD balance as USD to your bank account using the Sivergate Bank (SWIFT) method. The fee for withdrawing USD from Binance is 30 USD.
You can complete the transaction by entering the amount of BUSD you want to withdraw and your bank details. It might take 2-4 business days and incur additional fees depending on your bank.
The daily limit for USD withdrawals via the Silvergate Bank (SWIFT) method is $5000 USD.
First click on the withdraw button on the ”fiat and spot” page. And choose ”Euro” after clicking on the ”fiat” option.
You can withdraw Euro from Binance using the recommended bank transfer (SEPA) or bank card (visa) method.
Enter the amount of Euro you want to withdraw from your Binance account. After that, you can complete the transaction by entering your bank information.
The fee for withdrawing Euro from Binance via SEPA transfer is 0.8 Euro.
To withdraw cryptocurrencies from Binance, first go to the ”fiat and spot” page and click on ”withdraw”.
On the withdraw tab, you can choose the cryptocurrency that you want to withdraw from Binance.
Enter your destination address and add any other information required such as destination tag or memo depending on the coin you want to withdraw.
When withdrawing Bitcoin and other cryptocurrencies, you should choose the correct transfer network. If you don’t use Binance Chain or Binance Smart Chain, you should not choose them.
After entering the amount of cryptocurrency you want to withdraw, you can complete the transaction by hitting the ”submit” button.
You will be required to enter the code that will be sent to your email address as well as your 2FA code to confirm your withdrawal.
When you withdraw cryptocurrencies from Binance, a certain amount will be deducted from the withdrawal amount to pay for transaction fees.
You can see the transaction fees for each coin on the withdrawal page. If you want to see the whole list, you can check out this page.
Transaction fees are not like trading fees and may change often depending on the network congestion.
For fiat currency withdrawal fees, you can simply try withdrawing a certain fiat currency on the withdrawal page to check out the fees.
For USD withdrawals, the current fee is 30 USD. And for Euro withdrawals from Binance, 0.8 Euro is charged per transaction.
Again, as fiat currency withdrawals are carried out through banks and third party services, fiat withdrawal fees are also subject to change.
If you don’t have a Binance account yet, you can use our referral ID (WRYOO8BZ) to get a 20% fee discount.
The fee discount applies to both spot markets and futures markets (10% discount for futures). So you can pay lower fees and receive fee kickbacks on both markets.
On top of that, you can also hold BNB in your wallet and pay fees in BNB to receive an extra 25% fee discount.
To open your Binance account with a 20% fee discount, you can simply insert the code ”WRYOO8BZ” in the referral ID field or click on the button below:
Binance and Coinbase are both very reputable and popular cryptocurrency exchanges. The first thing you should check when deciding whether to use Binance or Coinbase is supported countries.
If you live in the U.S., you can’t use Binance. Instead, you can check out Binance.US which is a cryptocurrency exchange established in the U.S. by Binance.
Binance supports almost all of the countries. But there is no exact information with regard to the blocked countries by Binance.
If you live in a specific country that is likely to be blocked by cryptocurrency exchanges, you can simply visit Binance and check if it gives any warning.
Overall, Coinbase is a much more strict cryptocurrency exchange with regard to their KYC policies and supported coins. Also, depending on your location, you may not be able to trade certain pairs.
On the other hand, you can trade almost any kind of cryptocurrencies and fiat currencies on Binance. Binance also supports futures trading.
When it comes to trading fees, Binance wins. Coinbase Pro has very high trading fees that can be seen in the image below.
These fees (0.50%) apply to Coinbase as well and can be even higher as there are additional fees which you can check on this page.
Binance, on the other hand, has very low trading fees which starts from 0.10% and reduces depending on your trading volume.
And you don’t even need to make huge volume to be charged fee at a lower rate on Binance. You can simply open your Binance account with a 20% fee discount and/or pay fees in BNB to receive a 25% fee discount.
As Binance is no longer supported in the U.S., we can clearly say that, for the rest of the world, Binance is the best place to trade cryptocurrencies.
Binance.US is a cryptocurrency exchange launched by Binance and operated by BAM Trading Services based in San Francisco, California.
Binance US provides U.S. residents with a fast and secure cryptocurrency trading platform and allows them to trade cryptocurrencies in the United States.
The exchange has similar trading fees to Binance starting from 0.10%. And users can pay fees in BNB to receive a 25% fee discount.
Binance US has lower trading volume and fewer supported cryptocurrencies than Binance due to U.S. regulations and its limited user base.
Actually it does not make much sense to compare Binance and Binance US. Because if you are a U.S. resident, you can’t use Binance assuming that you don’t try to do so with VPNs, etc.
On the other hand, if you are from other countries, there is no reason you should be using Binance US as you can’t verify your account, deposit fiat and there is lower volume.
Binance US is a cryptocurrency exchange launched specifically for the U.S. market. If you live in the U.S., you can try Binance US as it has much lower fees than Coinbase.
If you are gonna try Binance US, make sure to check the states that are currently not supported by Binance US on this page.
Binance Futures is Binance‘s trading platform where you can trade Bitcoin and other cryptocurrencies with leverage.
Binance Futures consists of USDⓈ-margined and COIN-margined Futures and has many altcoin pairs in addition to Bitcoin.
In this tutorial, you can find everything you need to know to start trading on Binance Futures. I will show you how to open long and short positions on Binance and how to use stop loss.
Also, I will give you detailed information about Binance Futures fees, fee calculation, funding rate and Binance Futures calculator.
You can open your Futures account with a 10%+10% fee discount and start trading on Binance Futures by following the steps below.
If you don’t have a Binance account yet, click this link to open your Binance account with a 20% fee discount for spot markets and a 10% fee discount for futures.
Binance allows users to trade Bitcoin with up to 125x leverage on Binance Futures.
You can trade USDT-margined, BUSD-margined and coin-margined contracts on Binance to make a profit or hedge against losses.
USDT-margined Futures includes Bitcoin and many other cryptocurrencies such as ETH, XRP, LINK and EOS which are traded against USDT.
The maximum leverage you can use for the BTC/USDT pair is 125x and for the ETH/USDT pair, it is 100x. It means that with a small amount of cryptocurrency, you can open very large positions which would otherwise be impossible.
Binance Futures might seem complicated at first glance. But trading on Binance Futures is actually very simple once you know the terms related to futures trading and get familiar with the trading interface.
With this step-by-step guide to Binance Futures, you can learn how to open long and short leveraged positions and start trading on Binance futures.
First log in to your Binance account from your browser or mobile app and click on Derivatives / USDⓈ-M Futures. Use the code ”V2ZA7XLZ” to open your Futures account and you will get a 10% fee discount for Futures trading.
You can also transfer some BNB to your USDⓈ-M wallet to pay fees in BNB. By doing this, you’ll get another 10% fee discount and pay ~20% less fees in total for your futures trades.
Click on the ”transfer” icon or the ”transfer” button on Binance Futures and enter the amount of USDT you want to transfer to your USDⓈ-M Futures wallet and confirm the transfer.
You can also transfer cryptocurrencies between your wallets by clicking the ”transfer” button on the wallet page.
I’ve transferred 20 USDT to my wallet to simply show you how to open long and short positions on Bitcoin with up to 125x leverage.
You can also transfer some BNB to your USDⓈ-M wallet to pay fees in BNB. In this way, you can get an extra 10% fee discount and pay ~20% less trading fees in total in the USDT-margined and BUSD-margined futures markets.
First you need to choose the pair you want to go long or short on and adjust your leverage. The highest leverage possible for the BTC/USDT pair is 125x.
Of course you should never use that high leverage. If you are a beginner, using no higher than 5x leverage might be a good idea.
There are many pairs you can trade on the USDⓈ-M Futures tab. Binance has listed a lot of altcoins on Binance Futures, so there are more trading opportunities.
You should not use too high leverage like 100x or 125x because your position can get liquidated in no time without a stop loss order in place.
For example, with 100x leverage, only a 1% change in the price of the coin you trade is enough to get your position liquidated.
The logic behind this is simple. Let’s say you have 1 BTC and have opened a 100 BTC long position using 100x leverage.
If Bitcoin price falls by 1%, you’ll lose 1 BTC and your position size will be 99 BTC, but as your margin was just 1 BTC, your position will have been liquidated.
You can switch between cross and isolated margin modes by clicking ”cross” on the trading page.
In cross margin mode, when your position is at the risk of liquidation, your other open positions and margin balance can be used to avoid the liquidation of that position.
With cross margin mode, you risk losing all your margin balance. You can get started with isolated margin mode which will be less risky.
If you think BTC will go up, you need to open a buy/long position. If you are rather bearish and think BTC will go down, then you can make profit by opening a short/sell position. As BTC price goes down, your profit will increase.
I will open a long position using 5x leverage in the isolated mode as you can see in the image below. I expect the price to rise above 7530 USDT.
My margin (cost) is 21.08 USDT and total order size is 0.014 BTC (105.42 USDT). After I click on the buy/long button, my order will be placed in the order book.
When the order is filled, you can see it under ”positions”, otherwise it will be under ”open orders” till execution.
Margin ratio indicates the risk of liquidation of your position. When it reaches 100%, your position gets liquidated.
PNL shows your profit based on the mark price. You can close your position by entering a price and clicking on ”limit” or immediately with a market order.
You can also add margin to and remove margin from your position by clicking on the plus sign located besides your margin, which will change your liquidation price:
With the new feature added to the platform, you can now set a take profit price and a stop loss price while placing a limit or market order.
But, if you want to put a trigger price as well as set a certain amount, you should place ”stop limit” orders instead of using TP/SL.
Another new feature you can take advantage of on Binance Futures is the hedge mode. You can click on the icon besides your VIP level and then ”position mode” to change your position mode from one-way mode to hedge mode.
In the hedge mode, you can open long and short positions at the same time. To change your position mode, you first need to close your positions or cancel your open orders.
Besides USDT-margined and BUSD-margined perpetual contracts, you can also trade coin-margined perpetual contracts on Binance Futures.
The difference between them is that you don’t need USDT or BUSD to trade COIN-M futures pairs. You can just transfer your coin, BTC, ETH, etc., to your COIN-M wallet and open positions.
When you open a position with BTC, ETH or any other coin, you will earn or lose that specific coin as the price fluctuates.
Also, the coin-margined Futures has lower trading fees for maker orders than the USDT & BUSD-margined Futures.
For example, if you want to trade the ETH/USD pair, you first need to transfer ETH from your spot wallet to coin-m Futures wallet. After that, you can simply open long or short positions on the ETH/USD pair.
In a bull market, it may be a better idea to trade coin margined pairs as you can open positions without needing to sell your cryptocurrency for USDT or BUSD.
But, in a bear market, you can rather short USDT / BUSD margined pairs as you would not want to deal with cryptocurrencies that decrease in value.
For example, if you only want to go long on Bitcoin when it breaks a certain price, let’s say $10,000, then you can open a stop limit order instead of a regular limit order.
In that case, you need to set the trigger price at $10,000 and the price you want to buy Bitcoin at an amount equal to or above $10,000.
If you have a long position, you can make a stop loss order to minimize your loss in the event of a price fall.
For this, you need to enter a trigger price that you want to sell/short if the price goes below it and a price equal to or below the trigger price.
You can also use stop limit order to open a take profit order. For example, if you have a short position with an entry price of 8,000 USDT.
A buy stop limit order with a trigger price and a price below the entry price would be considered as a take profit order.
|30d Trade Volume (BTC) or/& BNB Balance||Maker||Taker|
|< 250 BTC or ≥ 0 BNB||0.0200%||0.0400%|
|≥ 250 BTC and ≥ 50 BNB||0.0160%||0.0400%|
|≥ 2500 BTC and ≥ 200 BNB||0.0140%||0.0350%|
|≥ 7500 BTC and ≥ 500 BNB||0.0120%||0.0320%|
If your trading volume on the futures markets over the last 30 days is below 250 BTC, you will pay 0.02% and 0.04% trading fees for your maker and taker orders respectively.
When your trading volume over the past 30 days reaches 250 BTC and beyond and your average daily BNB balance is above 50 BNB, your Binance futures fee rates will be updated and you will trade futures with lower fee rates.
If you open your Futures account with the code ”V2ZA7XLZ”, you will pay 10% lower trading fees. Also, if you hold Binance Coin (BNB) in your USDⓈ-M wallet to pay fees in BNB, the trading fee rate will drop by an extra 10%.
As you can see in the table below, the coin-margined Futures has a different fee structure and lower fees than the USDⓈ-M futures.
BNB fee discount does not apply to the coin-margined Futures. Trading fees are paid in the coin you trade.
|30d Trade Volume (BTC) or/& BNB Balance||Maker||Taker|
|< 250 BTC or ≥ 0 BNB||0.0150%||0.0400%|
|≥ 250 BTC and ≥ 50 BNB||0.0130%||0.0370%|
|≥ 2500 BTC and ≥ 200 BNB||0.0110%||0.0350%|
|≥ 7500 BTC and ≥ 500 BNB||0.0100%||0.0300%|
In addition to trading fees, users who have long or short positions also pay or receive funding payments every 8 hours.
Funding is directly exchanged between users, so it does not involve any fees paid to Binance. Funding rates are calculated every 8 hours and can be positive or negative depending on the market.
If funding rate is positive, users who have long positions pay funding and those who have short positions receive funding.
And, if funding rate is negative, shorts pay longs. You can see your funding transactions under the ”transaction history”.
In the example above, if you have a 1000 USDT worth of long position, you’ll pay 0.1 USDT funding (1000/100×0.01), if your same sized position is short, you’ll receive 0.1 USDT funding.
To calculate funding, you should first calculate your position size in USDT. If your position size is 0.5 BTC, multiply it by the market price like 0.5×30,000 (if BTC is traded at 30,000 USDT).
After that, divide your position size (30,000 USDT) by 100 and then multiply it by the funding rate such as 0.01.
To calculate your futures fees and funding, you can also use our Binance fee calculator.
If you trade coin-margined pairs like BTC/USD, to calculate funding, you should first multiply the quantity of the contract you hold by the contract value.
If you have 50 BTC/USD contract, you need to multiply 50 by 100 as the each contract represents $100 in this pair. After that, divide $5,000 by the market price like 5,000/30,000 = 0.1666 BTC (if BTC is traded at 30,000 USDT).
Now you can divide 0.1666 by 100 and then multiply it by the funding rate to calculate the funding you’ll pay or receive.
You should especially take Binance funding rates into consideration if you will open a large position and the market is steady.
Let’s say you want to open a long position with 50x leverage and your margin is 1,000 USDT. In this trade, your position size will be 50,000 USDT.
If you make a limit order instead of a market order, you can calculate the trading fee you will pay by dividing 50,000 by 100 and then multiplying it by 0.02 (50,000/100×0.02 = 10 USDT).
In this calculation, we assume that your monthly trading volume is below 250 BTC & 50 BNB and you don’t have a fee discount.
If you opened your Futures account with the code ”V2ZA7XLZ”, you’ll pay 10% less trading fees. In addition to that, if you hold BNB in your USDⓈ-M wallet to pay fees in BNB, you will receive another 10% fee discount.
If you rather trade coin-margined futures, to calculate the funding you’ll pay or receive, you should first multiply the quantity of the contract you hold by the contract value.
If you hold 300 ETH/USD contract, you need to multiply 300 by 10 as the each contract represents $10 in the ETH/USD pair.
After that, divide $3,000 by the Ethereum price like 3,000/1,200 = 2.5 ETH (assuming Ethereum is traded at 1,200 USD).
Now you can divide 2.5 by 100 and then multiply it by the coin-margined futures fee rate (0.015% / 0.04%) to calculate the trading fee you’ll pay.
You can also use our Binance fee calculator to calculate the trading fees you’ll pay in USDT and coin margined markets as well as funding.
Before opening long or short positions on Binance Futures, you can calculate the profit you will make when you close your position at a certain price using the calculator, which you can find on right upper part of the page.
In the example below, our initial margin and entry price is 8000 USDT and leverage is 50x, so order size (quantity) is 50 BTC.
As the position is long, we will make profit as the BTC price goes up. If we close the position at 8,750 USDT, our profit (PNL) will be 3,750 USDT.
You can also calculate the liquidation price using the calculator on Binance Futures. You need to enter your entry price and quantity, and set leverage and other variables.
As stated by Binance, your open positions will also be considered when you calculate the liquidation price.
Depending on the leverage used, there is a maximum position one can open on Binance Futures. For example, if you will use 5x leverage, you can open a 50,000,000 USDT position at max.
As the leverage rises, the maximum position size possible decreases. For example, the maximum position one can open at 75x leverage is 250,000 USDT, and at 125x leverage, it is 50,000 USDT.
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