How to Apply for the Binance Portfolio Margin Program
2022-04-18 06:12
The Binance Portfolio Margin Program is exclusive for VIP Binance users with the following trading volumes and asset balances:
- Binance VIP 7 - 9.
- Trading volume on USDⓈ-M/COIN-M Futures is equivalent to that of VIP 7 - 9.
- The combined balance of the Margin, USDⓈ-M Futures, Coin-M Futures wallets exceeds 10 million BUSD.
How to Apply for the Binance Portfolio Margin Program?
Follow the steps below to apply and trade with the benefits of the Binance Portfolio Margin Program:
1. Email us at futures-business@binance.com.
2. Sign the Binance Portfolio Margin Program Legal Agreement.
3. Provide your Binance UID of the accounts and sub-accounts applying for the program.
4. Deposit the required collateral;
Please note that you can transfer assets from your Spot wallet to the USDⓈ-M Futures and COIN-M Futures wallets first, and then transfer assets from the USDⓈ-M Futures and COIN-M Futures wallets to your Margin wallet. However, assets are not transferable from the Margin wallet to USDⓈ-M Futures and COIN-M Futures wallets.
5. Close all USDⓈ-M Futures and COIN-M Futures positions and cancel all open orders of the applying account.
The applying accounts should have assets in either the USDⓈ-M or COIN-M Wallets, with a combined balance exceeding 10,000 USD and no open orders and positions.
Do I Need to Open a New Account to Apply for the Binance Portfolio Margin Program?
Eligible VIP users can use their existing account and collateral in the Binance Portfolio Margin Program without having to open a new account.
How to Close my Binance Portfolio Margin Program Account?
To close the Binance Portfolio Margin Program account a user must make sure:
- The wallet balance of your Margin, USDⓈ-M Futures, and COIN-M Futures wallets are positive.
- Return all the margin borrowed assets.
- Close all Margin, USDⓈ-M Futures, and COIN-M Futures positions and cancel all open orders.