How to open a futures account on Binance?

If you already have a Binance account, click [LogIn], or click [Register] to create an account. 3. Once you’re logged in, click [Open Account]. 4. You will be redirected to the Futures trading interface. You can enter a Futures Referral Code from your friend (optional), and click [Open Now] to open your Futures account. 5.

What is Binance and how does it work?

With Binance, traders have a vast array of options when it comes to trading. The leading platform not only offers spot trading, but users also have the choice to engage in margin, options, and futures trading 24/7. Buying and selling cryptocurrencies has never been more accessible than it is today.

What is funding/Countdown in Binance futures?

If you are going long on an asset, then you are required to pay certain interest to the short sellers. This interest must be paid every eight hours and is known as funding. This rate is usually 0.01%. Remember to keep this into account whether you are going long or short.

What is the margin balance in Binance futures?

The Margin Balance is the balance of your Binance Futures account, including your unrealized PnL (Profit and Loss). So, your profits and losses will cause the Margin Balance value to change. If you’re using Cross Margin mode, this balance will be shared across all your positions.