Last Updated on 2022-07-27 by AlexHales
Binance Futures is the next-level, ground-breaking Crypto Perpetual Futures trading platform of the world-renowned Binance global exchange.
Binance global was launched in 2017 and is now the largest cryptocurrency platform in the world. In 2019, it launched the futures trading platform, which has also taken the crypto space by storm. There are several highlighting aspects of the platform that sets it apart from other trading platforms.
Initially the Binance exchange offered one of the highest leverages in the market, which was up to 125x. However, due to regulation purposes, the platform now offers 20x leverage.
The futures platform was launched with the aim to revolutionize margin trading, which is why it is a more user-focused and optimized platform than its global version.
The administrative team made sure this platform did not exhibit the same problems seen in other exchanges. It also introduces various on-demand features, products and innovations. It has also been designed to make crypto trading suitable for all kinds of traders.
If you are interested in this version of the platform, make sure you know the benefits it offers as mentioned in the Binance futures review.
Binance Futures Supports Leverage Trading
Even though the leverage limit has been reduced by the exchange, it still supports leverage trading, which is one of the most popular trading strategies in the market.
There is a vast audience that is interested leverage trading and they also look for suitable trading platforms where trading with leverage can be made convenient and less stressful.
Leverage trading basically allows traders to borrow funds from the brokers. This makes it possible for them to open bigger trading positions, which can either lead to big financial profits (if any) or big financial losses. It all depends on how the trade goes.
Therefore, you should never start leverage trading without proper information and knowing the leverage limit offered by an exchange.
Advanced Order Types Available
As a crypto trader, looking to use Binance futures, you should know the type of orders it supports. While some exchanges only support basic order types, this platform extends its support to advanced order types as well.
The advanced order types include:
- Limit order
- Market order
- Stop limit order
- Stop market order
- Take profit limit order and
- Take profit market order
- Trailing stop order
Another pro of the exchange, mentioned in this Binance futures review is that it is a powerful and capable trading platform. This exchange can handle one of the highest transactions per second (TPS), which is up to 100,000.
This also supports trading of very high volumes.
Multitude of Tradable Pairs
Binance futures is a powerful trading platform that is also versatile and aims to make crypto trading easy for all kinds of traders. This is why the platform also offers support to various tradable pairs as it makes the exchange more accessible to people.
The futures trading platform not only supports leverage trading but also has the highest amount of tradable pairs, which is up to 24.
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No KYC Required
KYC stands for know your customer, which is an additional layer of security used by a large number of crypto exchanges. The KYC verification process requires the users of the exchange to verify their identity by providing identification documents.
While this strengthens the security offered by an exchange, it also limits the users from opening accounts anonymously.
However, this Binance futures review specifies the fact that the platform does not require any KYC verification, which opens it for usage for a vast audience.
Crypto to Fiat Exchange
Another high-end feature of the exchange that also adds to one of its several benefits is the option to exchange crypto to fiat assets.
In other words, if you are a user of Binance futures trading platform, you can exchange the crypto assets you own into fiat currencies when you withdraw them. This is a unique feature that is not widely supported by numerous other trading platforms.
Mobile Trading Application
If you are a crypto trader then one of the selling points mentioned in this Binance futures review can be the availability of mobile application. The app is custom-made and has been designed to help traders in trading while on the go.
However, there are several uses and features of the mobile application that make it stand out among the applications offered by other exchanges.
The Binance futures mobile application is also available for iOS and Android users and has a user-friendly interface.
Some of the leading-edge features of the application include the following:
- Impressive charting tool
- Several order types
- In-built custom indicators
- Several timeframes
Binance futures is an important version of the global exchange that is the center of attention for a vast audience. If you are also interested in this exchange then you need to know the details mentioned above. That are also the benefits offered by the platform.