As Bitcoin prices continue to reach new all-time highs, it has now surpassed the mark of 100,000 USD.
With the appointment of Paul Atkins, who takes a favorable stance on cryptocurrencies, as the new SEC Chairman, expectations are rising that this could have a positive impact on the regulation of various cryptocurrencies in the future.
Trump also presented Atkins on social media as a proven leader for sensible regulation, further increasing the likelihood that this will become a bullish factor for the market.
As a result, enthusiasm for investing in cryptocurrencies has been heating up even more recently. Domestic investors, of course, also cannot miss this opportunity.
However, investors are now preferring to trade on global exchanges that not only offer much larger trading volumes but also maintain a certain distance from unusual circumstances, such as martial law, recently seen.
Therefore, today I would like to present the most representative exchange, Binance, and show step by step how to use Binance's futures trading.
Binance is the most well-known exchange both in the domestic and international markets, maintaining overwhelming trading volumes in spot and futures markets, holding the number one position in the world.
In fact, even if you don’t trade directly on Binance, many people still use the exchange to get a sense of the overall market climate.
Additionally, Binance offers many advantages for investors, such as the Launchpad to invest in newly listed coins, staking features that allow earning interest on coins, and leverage of up to 150x through Binance's futures trading.
Registering on Binance is not difficult. You can easily create an account using your mobile number or email and entering a verification code.
Before that, however, I recommend that you use the referral link below to sign up. This way, you will receive a 20% discount on fees. Since fees are inevitable, don’t miss out on this benefit — make sure to register using the referral link.
📌 Sign up for Binance and Get 20% Discount on Fees
Even registered users can receive a 20% discount on fees if they meet the 5 conditions below.
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 performed any trades or used products on the Binance platform in the last 180 days.
When the invited person opens the link and logs in, a confirmation window will appear.
When the inviter clicks on [Link Now], the linking will take effect.
After confirming that the referral code has been applied, you can immediately create your account. After logging in, you will see the Verify option for KYC authentication, 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, driver's license, or passport. Finally, upload a photo of yourself, and the registration will be completed without difficulty.
Now, to use Binance's futures trading, you need to go back to the Wallet section.
From there, go to Transfer, set From: Spot Wallet, and To: USD-M Futures. Then, convert your coins to USDT and transfer them to your futures account. At this point, all settings will be completed.
Of course, another option is to sell the transferred coins for USDT to use them, so you can choose the method that is most convenient.
For Binance's futures trading, there are some key elements that you need to set up. The first is the margin mode.
Cross margin uses your entire wallet as margin, which allows you to maintain a position for a longer time but brings the risk of liquidating your entire wallet.
On the other hand, isolated margin allows you to set the margin directly, being the most common choice. While you can use both depending on the situation, isolated margin is generally more utilized.
The next step is to choose your leverage rate. The higher the leverage, the greater the potential profits, but the same goes for losses. Therefore, it is advisable to use an appropriate leverage rate. After setting it, you can finally take a short or long position.
Today, we had an overview of Binance's futures trading. With that, I conclude this post here.
I wish everyone successful investments and see you again in the next post. Thank you.