What is Binance Futures?

Binance Futures or Binance futures contracts, is a form of derivatives trading on the Binance exchange. Futures on Binance allow investors to place orders based on their speculation about the price fluctuations of a currency without owning that currency. Therefore, futures trading on Binance facilitates profits both in bullish and bearish markets.

To be able to create a Futures position, users must deposit assets (specifically Stablecoins) as collateral before proceeding with the transaction.

Instructions for using Binance Futures

Mở account Binance Futures

  • Before opening a Binance Futures account, it is necessary to create a regular Binance account.

  • To create a Binance Futures account, under Derivatives ⇒ select USDS$-M Contract.

  • Click the Open Now button to activate your Binance Futures account.

Transfer funds to Binance Futures

  • You can transfer funds back and forth between your Funding Wallet (the wallet you use on Binance) and your Futures Wallet (the wallet you use on Binance Futures).

  • To transfer funds to Furutes Wallet, click the “Transfer” icon on the right side of the Binance Futures page.

  • Select the coin and enter the amount you want to transfer ⇒ Click “Confirm”.

  • Once completed, you will see the balance added to your Futures Wallet.

  • In case you want to switch back from Futures Wallet to Spot Wallet, you can change the transfer direction using the double arrow icon as shown below:

Interface of Binance Futures

The main Binance Futures interface includes 5 areas:

Zone 1 – Basic information

  • Select coin pair to trade.

  • See current prices and other metrics.

Zone 2 – Price chart

Show price chart, choose time frame, technical indicators for analysis.

Zone 3 – Order book and trading orders

  • Order book: Displays Long and Short orders waiting to be matched.

  • Trading orders: Statistics of successfully executed trading orders.

Zone 4 – Where to place orders when trading

Zone 5 – Open positions, balance history

  • Open positions.

  • Transactions waiting to be matched: Summary of orders waiting to be matched.

  • Order history: Summary of the history of orders you have made.

  • Transaction history: Summary of transactions made with profit + loss statistics for each order.

  • Balance change history: View balance changes on Futures account.