Major Details Beginners Should Know About Binance Futures


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Binance futures is one of the most popular names in the crypto market, especially among people who are interested in futures trading. Binance is the world’s largest cryptocurrency exchange. Its quality of services and outstanding features offered to the users is what makes it a remarkable platform for every kind of crypto investor and trader, beginner or experienced.

Binance was launched in 2017 and in 2019 the exchange took one step further and introduced its futures trading platform. It supports a good number of digital currencies for trading and also offers a good leverage.

How is Binance Futures Different from Other Exchanges?

Apart from the fact that it supports futures trading, Binance futures is different from other platforms because it’s more user-focused than its competitors.

The administrative team of the platform made the effort to create a trading platform that focuses on what the users look for. It helped the team to develop an efficient trading platform that has more optimized functions than other trading platforms.

Here are some differences you can note from the brief Binance Futures review.

  • This exchange does not make the same mistakes as other platforms.
  • Several new technologies and innovations have been introduced.
  • This platform also introduces new on-demand features and products.
  • It has been created to be compatible with all kinds of crypto traders.

Transactions Per Second

Another outstanding aspect of Binance Futures is that it is capable of handling a large number of transactions. The trading platform can handle more than 100,000 transactions per second (TPS). This enables the platform to execute the orders speedily and without lagging and interruptions of any kind.

Multiple Order Types

Order types supported by an exchange is an essential factor that crypto traders look for before they choose a platform. Therefore, if you are also interested in futures trading you should know the order types supported by this exchange.

This brief Binance Futures review talks about the order types you can avail if you choose this trading platform because it supports several advanced order types.

Here are the available advanced order types:

  • Limit order
  • Stop limit order
  • Market order
  • Take profit limit order
  • Stop market order
  • Trailing stop order
  • Take profit market order

Features of Mobile Trading App

For people who are interested in trading digital assets, all the features of an exchange such as mobile applications matter a lot. A well-built mobile-friendly application is one of the top features that can help you identify whether a platform is suitable for you or not.

Binance Futures has such a mobile application that is quite helpful for the crypto traders. It is available for both Android and iOS users and helps the users in monitoring their open positions, check technical analysis and also trade while on the go.

Other features of the mobile application you can know about in this brief Binance Futures review are as follows:

  • Impressive charting tool
  • Inbuilt indicators
  • Several order types
  • User-friendly interface
  • Various time frames

Fees Paid by the Users

The fee structure of a platform is yet another major aspect that every interested party looks for, whether they want to buy, sell or trade crypto assets. Therefore, if you are looking to use Binance Futures you should also know the fee structure supported by this platform.

In comparison to its competitors, this futures trading platform is known to charge one of the lowest fees in the market. This is one of the most highlighting factors of the exchange and a major reason why many crypto traders prefer to use this exchange.

Here is the fee you will be required to pay as a user:

  • Trading fees is at 0.5% per trade
  • No deposit fee charged by the platform
  • Very low withdrawal fee

Security Systems of the Exchange

A platform that ensures the safety of the users’ funds is often at the top of the list of best crypto exchanges. In this brief Binance Futures review you can get to know the various security features used by the exchange to offer utmost safety to the users.

The security of users’ information and funds is the top priority at Binance:

  • Cold storage wallet
  • Confirmation of withdrawals
  • Insurance on clients’ funds
  • Two-factor authentication (2FA)

Final Takeaways!

Binance Futures is a popular and outstanding crypto exchange that supports futures trading. You will find several features offered by the exchange that catches the eye of novice and experienced parties looking to trade the digital assets.

However, For more detailed review check this link: https://www.bitcoinsensus.com/bitcoin-exchanges/binance-futures-review/

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