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Binance is one of the largest crypto futures exchanges in the world.1
In just a few steps, you can set up a Binance futures trading account and begin trading crypto futures contracts on the platform.
However, if you’re new to crypto futures trading, please proceed with caution.
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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What is cryptocurrency futures trading?
Cryptocurrency futures trading allows you to speculate on whether the price of a crypto asset will be higher or lower by a certain date than it is now.
When you trade crypto futures, you don’t purchase cryptocurrencies themselves but rather contracts that serve as an agreement between two parties to buy or sell a crypto asset at a certain price by a specific time in the future.
Buying futures on Binance requires more steps than buying crypto assets via Binance’s spot market.
Create a Binance account. Open an account at Binance.
Go to the Binance Futures platform. Sign in to your Binance account, and select “Derivatives” at the top of the home screen. Then select “Binance Futures Overview.” If this is your first time using Binance Futures, you’ll have to open an account.
Choose a type of futures contract. Choose between USDⓈ-M contracts (stablecoin-settled contracts) or COIN-M contracts (contracts settled in cryptocurrency).
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 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.
Adjust your margin balance. Contribute assets as collateral — or margin — for your trade until the “Margin Ratio” percentage is to your liking.
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.
Use the Binance Futures calculator. To check your futures trading fees, use the Binance Futures calculator.
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.
Trading futures on Binance comes with a handful of pros and cons.
Pros
Demo account. Binance Futures lets you practice trading with a demo account, which helps you learn to trade without wagering actual funds.
Contracts for dozens of cryptos. The exchange offers contracts for over 50 different crypto assets.
Focus on security. Binance Futures has never been hacked as of January 2024.
Different types of contracts. The exchange offers contracts settled in both stablecoins and cryptocurrencies like bitcoin (BTC) and ether (ETH).
Cons
Complex trading interface. The Binance Futures trading interface is busy and can be overwhelming for new users.
Crypto futures trading with leverage is risky. Crypto is a very volatile asset class, and when you trade it with any sort of leverage, it becomes even more volatile.
Bottom line
Binance is one of the biggest crypto futures exchanges in the world. In addition to bitcoin futures trading, it supports futures contracts for dozens of crypto assets and allows for contracts to be settled in cryptocurrencies and stablecoins.
Binance offers a number of tools and learning materials to help you learn how to trade crypto futures better. However, these are risky financial instruments, and trading with leverage can result in the loss of funds very quickly.
Binance is one of the biggest exchanges in the world for crypto futures trading. It supports futures contracts for dozens of crypto assets and allows for contracts to be settled in either stablecoins or cryptocurrencies.
Binance Futures offers futures contracts for many popular crypto assets, including BTC, ETH, BNB, SOL and XRP, as well as others.
The minimum deposit for Binance futures trading is 1 USDT.
No, Binance.US doesn't offer futures trading.
Binance Futures has never been hacked. Traders worldwide trust the exchange, as it's one of the biggest crypto exchanges in the world by trading volume.
Unfortunately these exchanges aren't available in your location
Frank Corva is a cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets.
A beginner’s guide to cryptocurrency arbitrage, how it can help you take advantage of crypto price differences, and the risks you need to be aware of before you start trading.
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