Hi It's Unicorn

 

Last time, we learned how to trade with margin on Binance. This time, we will guide you how to trade futures on Binance Exchange! The highest trading volumes on cryptocurrency exchanges are Perpetual Futures!

 

1.Enter Perpetual Futures page!

 

- First, you need to enter Binance Exchange!

- Click “Derivatives” which is on the top and display the “Perpetual Futures” menu!

- If you click the button, you will be taken to the futures trading page.

 

 

2. Register a Perpetual Futures Trading Account!

 

- You have been entered the perpetual contract transaction page as below.

- Click “Register Now” button which is on the right in the perpetual contract window.

 

 

 

3. Transfer USDT to Binance Futures Wallet!

 

 

- You need to transfer USDT from the spot wallet to the perpetual futures wallet in order to make the transaction.

- Please click “Send” button which is on the bottom of the order window!

 

 

- Now transfer the USDT you have in your spot wallet to your perpetual futures wallet!

 

- After entering the amount you need, click ”Confirm”~

 

 

 

4. To Understand various functions of Binance Futures Exchange!

 

 

- You have deposited USDT in perpetual futures wallet! Please understand each function of perpetual futures before trading futures~

- You may confuse about the functions of perpetual futures and be unfamiliar with them. Here I will explain them one by one as following!

 

 

1. Here you can see the mark price (liquidation is carried out based on the mark price) / funding ratio / compared to the previous day / 24-hour highs and lows / 24-hour trading volume.

2. This is a real-time chart that. You can select the chart you want, such as basic chart / trading view chart / depth graph.

3. You can check position / open orders / order history / trade history / transaction history, etc. You can view a history of past executed orders, including your current positions. You can also view the transfer history between wallets.

4. Here you can check the properties for sale at a glance.

5. In the order book, you can monitor real-time quotes and current transactions.

6. Here you can enter your order. You can choose the isolation/cross margin and set the leverage multiplier. You can execute your order by selecting the method you want, such as limit price/market price/stop-limit. Both long and short are possible by buying/selling.

7. Here you can monitor the margin ratio. When liquidation occurs, all pending orders are automatically canceled. Your are better to keep looking at your positions to avoid automatic liquidation that incurs additional fees. If your position will be liquidated, it may be better to close the position directly than to wait for an automatic liquidation.

 

Here are the types of order on Binance as following.

 

Limit order: A limit order is an order placed on the order book at a specific limit specified by the user. A limit order allows you to buy at a price lower than the current market price or sell at a higher price.

 

Market order: A market order is an order to buy or sell at the current price. This is to execute the limit order listed on the order book. When you use the limit order, you pay a fee of taker.

 

Stop-Limit: The easiest way to understand a stop-limit order is to separate it into a stop price and a limit price. The stop price is the price at which the limit order is triggered, and the limit price is the price at which the limit order is triggered. This means that when the stop price is reached, the limit order will be placed in the order book immediately.

 

Stop-Market: It’s similar to stop-limit order. Stop-market orders are triggered through a stop price. However, a market order will be triggered when the stop price is reached.

 

Take-Profit-Limit: It’s like the stop-limit order. There is a trigger price which can trigger the order and its limit, and will cause the limit order is listed in the order book. The difference between stop-limit and take profit limit is that take limit order can only be used to reduce a position.

 

Take-Profit-Market: Take-Profit-Market orders are triggered via a stop price, but  a market order will be triggered when the stop price is reached.

 

You don't need to know all of the above features. Select the coin you want to trade, and cross or isolation margin. Trade at the limit or market price and don’t use excessive leverage! You can start to trade Futures!