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Advantages of trading Futures on Binance
This topic is assigned to Ghenadies
abigailsanchana 2023 February 03 12:17

It is not easy to become the largest cryptocurrency exchange overnight. Instead, empires are constructed one day at a time. Binance has risen the ranks to provide traders with a plethora of financial solutions that will help them achieve their objectives.

  • Binance Futures has a large range of cryptos. There are over 530 crypto-to-crypto trading pairings, allowing users to trade everything from DeFi tokens to meme coins like Dogecoin and Shiba Inu. New currencies are continually being listed in order to offer traders the greatest trading experience possible.

  • Binance Futures has become one of the market's most liquid derivatives exchanges due to its massive variety of trading pairs. Traders can always anticipate their buy and sell orders to be filled promptly and without slippage.

  • Another appealing feature of Binance Futures is its extremely low-cost structure. Maker/taker fees as low as 0.000%/0.017% let dealers keep their hard-earned earnings. These expenses can be significantly reduced by merely holding BUSD or BNB.

  • Binance Futures also offers a large range of leverage for accounts with balances ranging from $0 to $50,000, allowing any trader to expand their portfolio regardless of account size.

  • What's even more intriguing is the possibility to benefit regardless of market direction. With Binance Futures, traders may sell high and buy low, or buy low and sell high, to profit from price fluctuations while adopting various techniques such as Grid Trading and TWAP.

  • Binance has created a solid reputation over the years, with over 28.6 million active users, to the point that many people around the world believe that a cryptocurrency published on the Binance platform will be a reputable project.

  • The massive number of Binance users has aided in pushing trade volumes on the site into billions of dollars. In reality, Binance was responsible for $7.7 trillion in crypto exchange volume in 2021, with a 24-hour peak of $76 billion.

  • But with tremendous power comes enormous responsibility. Binance has created one of the most secure trading platforms in the world where users may benefit from several security measures, including KYC, 2FA, and Anti-Phishing Code, to protect themselves from unscrupulous actors.

  • Users may also feel certain that their funds are SAFU in Binance. Its Insurance Fund has almost $300 million to safeguard bankrupt traders from unfavorable losses while guaranteeing that successful traders' winnings are paid out in full.

  • Finally, Binance provides support in 17 different languages, as well as an extraordinarily intuitive and simple-to-use user interface, allowing any trader from anywhere in the globe to join the crypto revolution.

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