In this guide, we will assume that you know how to deposit cryptocurrency to a cryptocurrency exchange - if you don’t, leveraged trading is probably not for you! 2. At the moment, Binance doesn’t accept customers from the United States. If you’re withdrawing less than 2 BTC per day, Binance currently doesn’t require you to submit any personal information apart from your email address (and potentially, your phone number). The process is pretty straightforward, and similar to what you can expect when creating an account on any online platform. Create a Binance accountįirst things first - you will need to open an account on the Binance cryptocurrency exchange. Start trading Bitcoin futures contracts with up to 125x leverage on Binance Futures 1. You’re not interested in shorting Bitcoin.Losses can add up quickly if the market moves against you, so leveraged trading is not for those with a low risk tolerance.If you’re just getting started with cryptocurrency and trading, it might be best to avoid leveraged trading.The cons of trading Bitcoin with leverage: Along the way, we’ll point out the most important things to be on the lookout for when trading. We will give you a step-by-step guide on how to enter and close leveraged position with the BTC/USDT trading pair. Leveraged cryptocurrency trading comes with more risk than standard spot trading, and some of the terminology and concepts can be difficult to understand for traders that aren’t yet experienced with Bitcoin futures margin trading. When you’re just starting out, we recommend that you only use a small amount of cryptocurrency to trade with. In this guide, we will be providing a tutorial for using the Binance Futures BTC/USDT perpetual contract to trade BTC on margin. While Binance was always known as a traditional spot cryptocurrency exchange, it has now entered the cryptocurrency derivatives space and provides a simple, yet powerful platform for Bitcoin leverage trading. The Bitcoin market has evolved to the point where traders have no shortage of options when it comes to platforms for crypto margin trading.īinance Futures has even outdone its competition in certain aspects - for example, it offers up to 125x leverage on its BTC/USDT perpetual contracts, making it highly attractive for anyone that’s looking for a Bitcoin leverage exchange.īinance is one of the most popular cryptocurrency exchanges on the market, which means that you probably won’t encounter any issues with liquidity when trading. The BTC/USDT contract in particular is very actively traded. Leveraged trading can be a valuable tool for every trader that’s searching for profits in the cryptocurrency market, as it allows traders to enter larger positions by committing a smaller amount of capital. How to trade Bitcoin contracts with up to 125x leverage on Binance
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