#Binance referral code reddit how to#

I’d also like to point out that setting your account this way makes you eligible to claim a special welcome bonus of up to $100. Now that we know the advantages of trading on Binance Futures, let’s go through the steps in setting up your Binance account.

The platform has implemented multiple security features and there is even a $300 million Insurance Fund to ensure that users are protected 24/7.

Access to leverage and high liquidity to perform trades.

So it’s likely that your favorite coin is listed.

There are more than 100 cryptocurrency trading pairs on Binance Futures.

Some of the advantages that Binance offers include: There are several reasons that make Binance stand out especially as a starting point for beginners. Like I said, Binance Futures has been my go to exchange for derivatives trading.

The very first thing you need to become a successful futures trader is a reputable crypto exchange.

#Binance referral code reddit how to#

In this guide, I’d like us to unpack some of the most common questions about futures trading and how to execute your first trade on Binance, which is my favorite exchange for everything crypto. So, as a general rule, you should only trade with money you won’t fret losing.Įven so, the plan is not to throw money to a furnace and that’s where education comes in.īy learning trading strategies, you not only ensure you’re making educated trading decisions but also avoid the emotional strain that affects most traders. But I’m also alive to the fact that it’s also the fastest way to lose money. In my opinion, futures trading is the fastest way to make money in crypto. Quite a bad take, in my view, given that futures trading actually has a lot of potential that can be unlocked by anyone who’s willing to put in the work to learn how the market works. Most responses I’ve seen are always gravitate along the lines of: trading crypto futures is basically gambling and it’s something you absolutely should not get involved with under any circumstances. If you’ve stumbled upon such discussions, either on Twitter or Reddit, you’d agree that there’s quite a pessimistic view about crypto futures. I spend quite a considerable amount of time on various crypto focused online forums and since the onset of the bull market that saw the cryptocurrency market soaring throughout 2021, I have come across so many questions about crypto futures and how they work. One thing I’ve noticed is that newbies rarely get the right advice on how to get started trading futures. I’m no genius myself, but I have spent a ton of time actively studying this market and I can candidly say I know what I’m talking about. Want To Make Money Trading Crypto? - The Complete Beginner’s Guide to Binance FuturesĪfter more than five years in crypto, I’ve learned a lot especially that futures trading can be profitable if you understand the market.īut in the course of time, I have concluded that most traders spend years without ever understanding how this market works.