Binance is one of the most popular cryptocurrency exchanges. Besides regular spot trading, you can also find advanced trading options on Binance like trading derivates on Binance Futures. Compared to regular spot trading where the underlying asset changes the ownership, in Binance Futures markets, traders trade contracts rather than the actual assets.
In this post, I like to point out why it is beneficial to trade Futures with Binance.
The trading of cryptocurrency derivatives like on Binance Futures is becoming more and more popular. Trading cryptocurrency derivates gives you the opportunity to gain quick profits, no matter if the market is currently moving up or down.
I figured out ten good reasons to trade derivates on Binance Futures and here they are in no particular order.
1. Over 500 Trading Pairs
Binance Futures offers a wide selection of tradable cryptocurrencies. At the time of writing, there are more than 530 cryptocurrency trading pairs on Binance Futures, and new trading pairs are constantly being added.
2. Highest Liquidity
Thanks to the wide selection of different cryptocurrency trading pairs, Binance Futures has become one of the most liquid crypto derivatives exchanges. When you trade on Binance Futures, you can always expect that your buy and sell orders get filled promptly while you don't have to worry about slippage.
3. Low Trading Fees
Another very attractive benefit of Binance Futures trading are the exceptionally low trading fees. Trading fees on Binance Futures can be even further reduced by simply holding $BUSD or $BNB. In the end, maker fees as well as taker fees, can go as low as 0.000%/0.017%. These exceptionally low trading fees allow you to keep more of your hard-earned profits when performing trades on Binance Futures.
4. Wide Range Leverage
Binance Futures also allows you to leverage your positions when you are holding a balance of up to $50,000 in your account. By leveraging, everyone can grow his portfolio no matter what the actual account balance is.
5. Short Selling
Another fascinating benefit of Binance Futures trading is the ability of short selling. The possibility of short selling allows you to make profits regardless of the market's direction. You can always make a profit, no matter if prices are going up or down. This means that with Binance Futures, traders can sell high and buy low or buy low and sell high. In this way, you can benefit from any kind of price fluctuations while implementing different strategies.
6. Millions of Users
Binance has built a strong reputation over the years and it has become one of the most popular cryptocurrency exchanges by far. At the time of writing, Binance counts more than 28.6 million active users. The popularity of Binance even leads to the conclusion that if a certain cryptocurrency is listed on Binance, it must be a legitimate project.
7. Highest Trading Volume
The high number of active Binance users also pushes the trading volumes on the platform. The trading volume on Binance actually goes into the trillions of dollars. Last year, Binance was responsible for $7.7 trillion in crypto trading exchange volume.
8. Quick Support In Different Languages
One of the most important benefits of Binance is probably its quick support in different languages. Right now, Binance offers its support in 17 different languages. The user interface is very intuitive and easy to use in order to ensure that traders from anywhere in the world can access quick help and support.
9. High Level Of Security
Binance also offers an extremely high level of security. With the implementation of different security features, such as KYC, 2FA, and Anti-Phishing Code, Binance has built one of the most secure cryptocurrency trading platforms worldwide.
10. Insurence Fund
In the end, you can also rest assured that your funds are SAFU, not only because of numerous security features but also because of the Binance insurance fund. The Binance Insurance Fund holds nearly $300 million in order to protect traders from adverse losses.
My Final Conclusion
These ten benefits combined are making Binance the preferred cryptocurrency exchange among futures traders. The selection of cryptos on Binance Futures is simply huge and new coins are being listed constantly. Users can enjoy low trading fees, a generously wide range of leverage, high liquidity to perform their trades, and multiple security features. Your funds are SAFU on Binance. 🤓
If you are for some crazy reason not registered on Binance yet, you can use my referral link with the invitation code E3PGAJCE for signing up. When you use it, it will save you trading fees each time you perform a trade on Binance. Don't forget about this possibility when you introduce a friend to cryptocurrency as it will save both of you some money.
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