As Bitcoin prices continue to reach new all-time highs, it has now surged past the $100,000 mark.
With the appointment of Paul Atkins, who holds a crypto-friendly stance, as the new SEC chairman, expectations are rising that there may be a positive impact on the regulation of various cryptocurrencies in the future.
Trump also introduced Atkins via social media as a proven leader for common-sense regulation, which further increases the likelihood of this becoming a bullish factor for the market.
As a result, enthusiasm for cryptocurrency investment has been heating up even more recently. Domestic investors, of course, cannot afford to miss this opportunity either.
However, investors are now preferring to trade on global exchanges that not only provide much larger trading volumes but also maintain relative distance from unusual circumstances such as martial law, as seen recently.
So today, I would like to introduce the most representative exchange, Binance, and go step by step through how to use Binance futures trading.
Binance is the most well-known exchange both domestically and internationally, holding overwhelming trading volumes in both spot and futures markets, ranking number one worldwide.
In fact, even if you do not directly trade on Binance, many people still use the exchange to get a sense of the market atmosphere.
In addition, Binance offers many advantages for investors, such as Launchpad for investing in newly listed coins, staking features that allow you to earn interest on coins, and leverage of up to 150x through Binance futures trading.
Signing up for Binance is not difficult. You can create an account easily by using your mobile number or email and entering a verification code.
Before that, however, I recommend using the referral code link below to sign up. This way, you will receive a 20% discount on fees. Since fees are unavoidable, don’t miss this benefit—make sure to sign up using the referral link.
📌 Sign Up for Binance and Get a 20% Fee Discount
Even existing users can receive a 20% fee discount if they meet the following 5 conditions.
The invited person already has a registered account on Binance.
The invited person has never accepted an invitation before.
The invited person’s account has not made any trades or used any products on the Binance platform within the last 180 days.
When the eligible invitee opens the link and logs in, a confirmation window will appear.
When the inviter clicks [Bind Now], the binding will take effect.
Once you have confirmed that the referral code is applied, you can immediately create your account. After logging in, you will see the Verify option for KYC authentication, so you should proceed with the verification process.
After entering basic personal information such as your country and date of birth, you need to register one of the following: your ID card, driver’s license, or passport. Finally, upload your own photo, and the registration will be completed without difficulty.
Now, to use Binance futures trading, you need to go back to Wallet.
From there, go to Transfer, set From: Spot Wallet, and To: USD-M Futures. Then, convert your coins into USDT and transfer them to your futures account. At this point, all settings will be complete.
Of course, another option is to sell your transferred coins for USDT to use them, so you can choose whichever method is more convenient.
For Binance futures trading, there are a few key elements you must set. The first is the margin mode.
Cross margin uses your entire wallet as margin, which allows you to maintain a position for longer, but carries the risk of your entire wallet being liquidated.
On the other hand, Isolated margin allows you to set the margin directly, which is the more common choice. While you can use either depending on the situation, isolated is generally more widely used.
The next step is to choose your leverage ratio. The higher the leverage, the greater the potential profits, but the same applies to losses. Therefore, it is recommended to use an appropriate leverage ratio. Once that is set, you can finally take either a short or long position.
Today, we have taken a general look at Binance futures trading. With that, I will conclude this post here.
I wish you all successful investments, and I’ll see you again in the next post. Thank you.
