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Binance Futures Review and Trading Guide

HomeBitcoin Futures TradingBinance Futures Review

October 20, 2020 - Written by Dan Morriset

FTX Exchange Review

Binance Futures Overview

In early 2020, Binance Futures released their Futures trading platform, which has quickly grown to become the most popular Bitcoin futures trading and crypto futures trading platform in the world. Binance futures allows for users to open up both long and short positions for a variety of different cryptocurrencies with up to 125x leverage. 

Binance Futures trading integrates with their spot exchange, meaning you can easily transfer profits from your Futures account to your Spot account and vice versa. The user experience is extremely smooth and they make Bitcoin and crypto futures trading very simple for new traders. 

Get 10% off Binance Futures Trading Fees with Buy Bitcoin Finder

Fiat Currencies

USD, SGD, AUD, NZD, SGD + more

Cryptocurrencies

Bitcoin, Ethereum, Chainlink, XRP + 20 more

Trading Fees

0.0% - 0.05%

Deposit Methods

Fiat, USDC, TUSD, USDT, Bitcoin, FTT and more

Binance Futures Supported Cryptocurrencies


As of August 2020, Binance allows futures trading of the following cryptocurrencies with up to 125x leverage:

Bitcoin Futures Trading / USDT (125x Leverage)
Ethereum Futures Trading / USDT (125x Leverage)
XRP Futures Trading / USDT (125x Leverage)
Chainlink Futures Trading / USDT (125x Leverage)
Litecoin Futures Trading / USDT (125x Leverage)
Cardano Futures Trading / USDT (125x Leverage)
Stellar LumensFutures Trading / USDT (125x Leverage)
EOS Futures Trading / USDT (125x Leverage)
Litecoin Futures Trading / USDT (125x Leverage)
Ethereum Classic Futures Trading / USDT (125x Leverage)
Tezos Futures Trading / USDT (125x Leverage)
Basic Attention Token Futures Trading / USDT (125x Leverage)
Compound Finance Futures Trading / USDT (125x Leverage)
+ another 30 pairs

Get 10% off Binance Futures Trading Fees

The Benefit of Trading on Binance Futures

There are a few key reasons that users may want to consider Bitcoin Futures Trading and crypto futures on Binance, they are:

- To long or short Bitcoin and other cryptocurrencies. This is an effective tactic to hedge your positing and quickly cover your risk.
- Opening up a large leveraged position without actually having to have the funds. For example, on Binance Futures you can Trade 100 Bitcoin size with only 1 Bitcoin.
- Security, you dont need to keep large amounts of crypto on Binance Futures to trade with size.

Binance Futures Compared with other Exchanges

Compare key features of the Binance Futures Exchange with other top cryptocurrency spot and futures markets.

Exchange

Cryptocurrencies

Fees

Top Benefits

Get Started

  • Bitcoin
  • Ethereum
  • + 20 more
0.1%
  • Low trading fees and deep liquidity
  • Best volume for a variety of crypto pairs
  • Trade with up to 125x leverage
  • Bitcoin
  • Ethereum
  • XRP
0.5%
  • Clean and easy to use mobile app
  • Deep liquidity and high volume
  • Trusted brand
  • Bitcoin
  • Chainlink
  • + 40 more
0%
  • The best for trading DeFi futures
  • Great liquidity across major cryptocurrencies
  • No fees for market makers

Binance Futures Guide

To get started, you will need to create a Binance account.The registration process is extremely simple, but requires some KYC verification if you are looking to trade futures with decent size.

Once you deposit the funds, you will have to transfer Tether (USDT) from your spot wallet over to your Binance futures trading wallet. On the bottom right of the photo below, you can see a “transfer” button just above the order book. Use this to transfer funds into your Binance Futures account.

Binance Futures Trading Interface

Binance Futures and Leverage Trading

Binance is one of the only futures trading platforms that lets its users trade with up 125 leverage. To adjust what leverage you would like to trade, simply use the slider button on the top left of your Binance Futures screen.

It is pretty straight forward - if you to use 1000 USDT with 100x leverage on Binance Futures, this will mean your position is worth 100,000 USDT - but you only have risked 1000USDT.

FTX Futures Trading

Taking a Short or Long Position on Binance Futures

How to do a Limit Order on Binance Futures
You use a Limit order when you are looking to long or short Bitcoin or another cryptocurrency from a specific price.

Binance Futures Market Order


Using limit orders on Binance Futures is simple, all you need to do is simply specify the price that you want to buy (long) or sell (short) a contract. You then need to specify the quantity of your order at a given price. In the example above we have set an order so that if the price of Bitcoin reaches 8,400 USD - we will open up a long position.
The margin required is only 420 USDT because we have decided to use 20x leverage.

How to do a Market Order on Binance Futures
The Market Order option is the most basic order type on Binance Futures and is easy to use for newbies trading Bitcoin Futures.

FTX Futures Trading


To do a Market Order on Binance Futures, simply enter the order quantity you would like to purchase and it will automatically execute the trade at the best price it can find.


How to do a Stop-Limit Order on Binance Futures
A Stop-Limit order is a very helpful mechanism that allows you to set a limit order if the price reaches a point where you think it is in a bullish trend. For example, If you think Bitcoin faces a significant resistance at $9,000 USD and want to buy at $9,050 USD (if it breaks the resistance) - you can use this order type to execute that strategy.

On the example below, we have set it so if the price hits $8,600 USD - we want to create an order to buy at $8,650 USD. In this strategy, I saw that there was a resistance level at $8,600 USD and wanted to safely buy the breakout.

FTX Futures Trading

Binance Futures Trading Fees

We have created an easy toread table that overviews the Binance Futures Trading Fees

Level 30d Trading Volume (BTC) and / or BNB Balance Maker Taker Maker 50% off Taker 50% off
VIP 0 < 250 or > 0 BNB
0.020% 0.040% 0.010% 0.020%
VIP 1 > 250 & > 50 BNB 0.018% 0.040% 0.009% 0.020%
VIP 2 > 2,500 & > 200 BNB 0.016% 0.040% 0.008% 0.020%
VIP 3 > 7,500 & > 505 BNB 0.014% 0.040% 0.007% 0.020%
VIP 4 > 22,500 & > 1000 BNB 0.012% 0.038% 0.006% 0.019%
VIP 5 > 50,000 & > 2000 BNB 0.010% 0.034% 0.005% 0.017%
VIP 6 > 100,000 & > 3,500 BNB 0.008% 0.032% 0.004% 0.016%
VIP 7 > 200,000 & > 6,000 BNB 0.006% 0.028% 0.003% 0.014%
VIP 8 > 400,000 & > 9,000 BNB 0.004% 0.023% 0.002% 0.012%
VIP 9 > 750,000 & > 11,000 BNB 0.000% 0.020% 0.000% 0.010%
Get 10% off Binance Futures Trading Fees

Want to compare more Futures Exchanges?

If you are looking into Bitcoin Futures Trading, check out our comprehensive guide on the best crypto futures trading exchanges around the world.

Bitcoin Futures Trading

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