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What are Binance futures and how do they work?

Learn what crypto futures contracts are and how you can trade them on the world’s biggest crypto exchange.

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By

Frank Corva

Edited by

Matt Miczulski

Updated

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Binance Futures is one of the biggest cryptos futures trading platforms.1

The exchange allows you to trade crypto futures contracts as a way to speculate on whether the price of a crypto asset will go up or down, and it offers these types of contracts for dozens of crypto assets.

Binance is not regulated in the US or available to US users

Binance is not permitted to operate in the United States. US customers can use Binance.US — a version of the exchange built for US users — though it supports fewer crypto assets than Binance.com and doesn’t offer crypto futures trading.

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How do Binance futures work?

Binance futures gives you access to crypto futures contracts, like bitcoin futures, which allow you to speculate on whether the price of a crypto asset will be higher or lower by a certain date than it is now.

You need a Binance account and need to transfer money from that account into your Futures account to trade futures contracts on Binance. This money will be used both as margin for your trades and to settle contracts.

Binance offers two types of futures: USDⓈ-M Futures, which are settled in stablecoins, and COIN-M Futures, which are settled in a cryptocurrency like bitcoin (BTC) or ether (ETH).

How to trade futures on Binance

Buying futures on Binance requires more steps than buying crypto assets via Binance’s spot market.

  1. Create a Binance account. Open an account at Binance.
  2. Open a Binance Futures account. Sign in to your Binance account, and select one of the tabs that leads to futures trading. If you’ve never traded futures on Binance, it will ask you to open an account. You can also create an account on the Binance Futures homepage.

    3. trade crypto futures binance screenshot

  3. Choose a type of futures contract. Choose between USDⓈ-M contracts or COIN-M contracts.
  4. Fund your account. Go to the “Assets” window in the bottom right of the trading interface. Select “Buy crypto,” “Convert” or “Transfer.” If you already have funds on Binance, you can just transfer them into your Futures wallet. If you don’t have funds on Binance, you can deposit either crypto from another account or fiat currency via a bank transfer or credit/debit card. You can also buy crypto with a payment app like Apple Pay.
  5. Adjust your margin balance. Contribute assets as margin for your trade until the “Margin Ratio” percentage is to your liking.
  6. Select your leverage amount. Binance allows you to take on leverage ranging from 1x to 125x for your futures trade. Keep in mind that trading crypto futures with high leverage is very risky.
  7. Select an order type. Choose between a market order or limit order, or choose a stop order.
  8. Use the Binance Futures calculator. To check your futures trading fees, use the Binance Futures calculator.
  9. Place your trade. Select “Buy/Long” if you think the price of the underlying asset in the contract will increase and “Sell/Short” if you think it will decrease.

Binance Futures fees

You can use the Binance Futures calculator or see our Binance futures fees explained guide to learn how Binance Futures fees are calculated.

Fees for USDⓈ-M futures contracts are reduced by 10% when you pay with BNB.

Bottom line

Binance Futures gives you access to futures contracts for dozens of crypto assets and allows you to trade them with leverage.

Create your account today and get started with a demo account — which allows you to trade crypto futures without using actual funds — if this style of trading is new to you.

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