As the price of Bitcoin continues to reach new record highs, it has now surpassed the $100,000 mark.
With Paul Atkins, who has a crypto-friendly stance, appointed as the new SEC Chairman, expectations are growing that this could have a positive impact on the regulation of many cryptocurrencies in the future.
Trump also introduced Atkins on social media as a trusted leader for reasonable regulations, which further increases the potential to be a driving factor in market growth.
As a result, the enthusiasm for cryptocurrency investment has recently heated up more than ever. Domestic investors, of course, cannot miss this opportunity.
So, today I want to introduce the most representative exchange, Binance, and go step by step to learn how to use Binance futures trading.
Binance is the most popular exchange both domestically and internationally, holding the overwhelming trading volume in both the spot market and the futures market, ranking number one in the world.
In fact, even if you don't directly trade on Binance, many people still use the exchange to get a sense of the overall market atmosphere.
In addition, Binance offers many benefits for investors, such as Launchpad for investing in newly listed coins, a staking feature that allows you to earn interest from coins, and leverage of up to 150x through Binance futures trading.
Registering for Binance is not difficult at all. You can easily create an account using your mobile phone number or email and enter the verification code.
However, before that, I recommend using the referral code link below to register. This way, you will get a 20% discount on trading fees. Since fees are unavoidable, don't miss out on this benefit—be sure to sign up using the referral link.
📌 Register for Binance and Get a 20% Fee Discount
Even current users can receive a 20% discount on trading fees if they meet the following 5 conditions.
The invitee already has a registered account on Binance.
The invitee has never accepted an invitation before.
The invitee's account has not made any transactions or used any products on the Binance platform in the past 180 days.
When a valid invitee opens the link and logs in, a confirmation window will appear.
When the inviter clicks [Link Now], the link will take effect
After confirming that the referral code has been applied, you can immediately create an account. After logging in, you will see the Verify option for KYC verification, so you should proceed with this process.
After entering basic personal information such as country and date of birth, you need to register one of the following documents: ID card, driver's license, or passport. Finally, upload a portrait photo of yourself, and the registration will be easily completed.
Now, to use Binance futures trading, you need to go back to the Wallet section.
There, in the Transfer section, select From: Spot Wallet and To: USD-M Futures. Then, convert your coin to USDT and transfer them to the futures account. At this point, all settings will be complete.
Of course, another option is to sell your converted coin for USDT for use, so you can choose whichever method is more convenient.
For Binance futures trading, there are a few key factors you must set up. The first is the margin mode.
Cross margin uses your entire wallet as margin, allowing you to maintain a position longer, but at the risk of your entire wallet being liquidated.
On the other hand, Isolated margin allows you to set margin directly, which is a more popular option. Although you can use both depending on the situation, isolated mode is more commonly used.
The next step is to choose the leverage ratio. The higher the leverage, the greater the potential profit, but the losses are similar. Therefore, it is recommended to use an appropriate leverage ratio. Once set, you can finally choose a short or long position.
Today, we had an overview of Binance futures trading. With that, I will end the article here.
I wish you all successful investments, and see you in the next article. Thank you.