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HOW TO TRADE BITCOIN ON BINANCE FUTURES

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HOW TO TRADE BITOIN ON BINANCE FUTURES

When it comes to cryptocurrencies, Binance is regarded as one of the biggest names in the industry. It has been offering services to users since 2017 and it became a recognized company in the crypto market. Binance is one of the most popular and largest exchanges in the market. In these articles, I will explain How to trade Bitcoin on Binance Futures.

What is Futures Trading?

A Futures Contract is an agreement to buy or sell an asset at a predetermined price and date in the future.

This is usually used by traders to hedge risk in different markets and also by companies to hedge against speculation in the markets.

Difference between Hedgers and Speculations:

  • Hedgers: A hedger participates in a futures market with the goal of wealth preservation, through eliminating unknown risk.
  • Speculations: Speculations looks to gain financial reward from capitalizing on pricing volatility. Investors and traders are an example of speculators.

Virtual currencies can also be traded through futures contracts that are provided by different parties in the market.

No matter which type of market participant one is, the bottom line of futures trading is profit and loss.

Where there is uncertainty, there is an opportunity; and where there is an opportunity, there are always individuals looking to prosper.

Binance is an exchange that gives this opportunity to users from all over the world.

How to Open a Binance Futures Account?

If you want to start trading Bitcoin futures, one of the best things you can do is to open an account on Binance. If you already have a Binance account, you will just need simple steps. You can follow our complete guide about how to open and fund Your Binance Futures account.

How to trade Bitcoin on Binance Futures

Now that you have created your Binance futures account, it’s time to place your first Bitcoin trade on the Binance futures platform.

Placing a trade is very straightforward.

  1. First, log in and deposit USDT/BTC into your Futures account as a margin
  2. Choose how much leverage to trade with. Binance futures allows up to 125x leverage.
  3. Choose what type of margin you would like to trade with. Cross Margin or Isolated Margin
  4. Choose the appropriate order type (Buy or Sell)
  5. Indicate the number of contracts you wish to own.

Following this steps you can then place a Bitcoin trade on the Binance Futures platform

With our Binance Futures referral code “simbalee” you will get a 10% discount on all your trades on the platform. This code is only valid for Binance Futures account.

Binance Futures Trading Interface

The Binance futures will offer you a chart with all the information about the price of the asset you are trading, a depth chart, an order book, and the last trade posted on the market.

Menu

On the left side of this area, you will get access to a wide variety of detailed market data, visualizations, and the futures FAQ. You can check the historical funding rates, open interest, long/short ratio, the current balance of the insurance fund, and other market data. Click on spot to go to the Binance spot exchange.

On the right side of this area is where you can access your Binance account, including your dashboard. You can easily check your wallet balances and orders across the entire Binance ecosystem by clicking on wallet and orders.

You can also check the on going Binance futures trading competitions by clicking on tournaments.

Price Chart

This is where can choose the contract, check the mark price, funding rate, and current chart, order book date and previously executed trades on the platform.

Trading Activity

This is where you monitor your own trading activity. You can switch between the tabs to check the current status of your positions and your currently open and previouly executed orders.

You can also monitor your positions in the auto-deleverage quine under ADL and also get full trading transaction history for a given period.

Margin Overview

This is where you can check your available assets, deposit, and buy more crypto, current contract information, and your positions.

Be sure to keep an eye on the margin ratios to prevent liquidations. By clicking on transfer, you can transfer funds between your futures wallet and the rest of the Binance ecosystems.

Order Entry

This is your order entry field. This is also where you can switch between Cross margin and Isolated Margin. Adjust your leverage by clicking your current leverage amount (20x by default).

What is the meaning of Mark price and Last price?

The cryptocurrencies market is a very volatile market making Bitcoin and other Altcoin currencies fluctuate a lot. This is why it is important for traders to understand what Mark price and Last price mean. Binance Futures uses Mark price and Last price.

  • Mark Price: The mark price is designed to prevent price manipulation. It’s calculated using a combination of funding data and a basket of price data from multiple spot exchanges. Your liquidation prices and unrealized PnL are calculated based on the mark price.
  • Last price: The last price is easy to uncharted. It means the last price that the contract was traded at. In other words, the last trade in the trading history defines the last price. It’s used for calculating your realized PnL (Profit and Loss).

Please note that the mark price and the last price may differ

Types of Binance futures order

There are many order types you can use on Binance futures to trade Bitcoin.

Limit Order

A limit order is an order that you place on the order book with a specific limit price. When you place a limit order, the trade will only be executed if the market price reaches your limit price (or better).

Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current price.

Market Order

A market order is an order to buy or sell at the best available current price. It is executed against the limit orders that were previously placed on the order book.

When placing a market order, you will pay fees as a market taker.

Stop-Limit-Order

A stop-limit order would allow you to place a limit order as soon as the price reaches a stop price that you previously selected.

The stop price is simply the price that triggers the limit order, the limit price is the price of the limit order that is triggered. This means that once your stop price has been reached, your limit order will be immediately placed on the order book.

Stop Market Order

Similarly to a stop-limit order, a stop market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.

Take Profit Limit Order

A take profit orders are those order that need a trigger price and a limit price.

It is use to open positions. This can be used to managed risk and lock in profits as soon as the asset reaches specific levels in the market.

Take Profit Market Order

This is similar to a take profit limit order, a take profit market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.

You can set a take profit market order under the stop market option in the order entry field.

Trailing Stop Order

A trailing stop order helps you lock in profits while limiting the potential losses on your open positions. For a Long positions, this means that the trailing stop will move up with the price if the price goes up. However, if the price moves down, the trailing stop stops moving if the price moves a specific percentage (called back rate) in the other direction, a sell order is issued. The same is true for a Short position, but the other way round.

The trailing stop moves down with the market, but stops moving if the price moves a specific percentage in the other direction, a buy order is issued.

Read Also:

The Activation price is the price that triggered the trailing stop order. If you don’t specify the Activation price, this will default to the current last price or mark price. You can set which price it should use as a trigger at the bottom of the order entry field.

The Call Back Rate is what determines the percentage amo0unt the trailing stop will “trail’ the price. So, if you set the callback rate to 3%, the trailing stop will keep following the price from a 3% distance if the trade is going in your direction. If the price moves more than 3% in the opposite direction of your trade, a buy or sell order is issued (depending on the direction of your trade).

Conclusions:

Trading with futures a lot riskier than Spot trading, since you can use very high leverages. Futures trading is mainly used by experienced traders who understand the risks. You can make profits a lot faster, but you can also get liquidated and lose all your money. Bitcoin price can go up and down really fast. when you trade with leverages it can go up and down 125x faster.

With our Binance Futures referral code: ‘simbalee’, you will get a 10% discount trade fees on all your trades. This code is only valid for Binance Futures Account users.

HOW TO TRADE BITCOIN ON BINANCE FUTURES
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Earn Bitcoin Without Buying: 4 Simple Ways to Earn Bitcoin In 2020

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Earn Bitcoin Without Buying: 4 Simple Ways to Earn Bitcoin In 2020

How to earn bitcoin for free without buying it. Unlike many years ago when bitcoin was in double and triple digits, it’s a lot expensive to buy Bitcoins today. If there is one thing a lot of people want now is to find ways to earn bitcoin without buying it. These days, people are trying to find ways to earn bitcoin for free. In this articles, you will know the 4 ways to earn bitcoin without buying it.

In Malaysia, some can’t even afford to buy Bitcoin for as little as 0.01. To get your hands on 0.1 Bitcoin cost thousands of dollars, which might be several months salary for many people. So, is there any other way to earn Bitcoin other than buying? Let’s guide you step-by-step into the 4 ways to earn Bitcoin (free Btc) without buying in 2020.

Here are ways you can earn Bitcoin (without buying it):

1. Blockchain Job – Work for Bitcoin

The blockchain industry is bigger than the code. You can work in the blockchain if you have the skill-set to work for any company that is on the internet. Blockchain jobs are among the best paying and highly sought after job by both graduates, seasoned developers and experienced executives.

There are several platforms that provide you with job advert for blockchain. Some of the more popular crypto job platform include:

  1. Cryptojobslist – Job board site for blockchain and cryptocurrencies
  2. Angel’s list – Job board site for crypto projects.
  3. Bitwage – Payroll and HR services for getting paid in Bitcoin.
  4. Cryptojobs – Job board for freelancers that want to earn crypto for their work.
  5. Earn.com – Earn Bitcoin for completing task and answering emails.
  6. Coinality.com – Job board for projects looking to pay in crypto
  7. Bitfortip.com – earn Bitcoin for helping people.
  8. Cryptogrind.com – Job board for freelance services paid in bitcoin

2. Airdrops – Free giveaway coin

This is another way you can earn coin for free. Airdrop is a free giveaway coin in the blockchain industry. Creator send free coin to numerous crypto wallet addresses in order to drive adoptions.

New airdrops are announced nearly every month that allow people to obtain free tokens. You can always search the net for any upcoming airdrops. Here are some airdrop resource websites:

  1. airdrops.io – An online resource that discloses which airdrops are coming out next.
  2. airdropter – An Crypto airdrop aggregator that list which airdrops are coming out next
  3. CoinAirdrops.com – Is a crypto airdrop website that discloses the best coin airdrops.
  4. AirdropAlert.com– A crypto airdrop aggregator site that list trusted crypto airdrops.

3. Affiliate Program – Earn Bitcoin with affiliating marketing

A lot of crypto companies and platforms offers an affiliate program. All you have to do is referring people to projects and exchanges.

You send a company users or clients and you get paid a reward. Wherever anyone joins the platform through your affiliate link, you will receive a commission. This can be a flat fee or a percentage.

Some platforms also offer affiliate earnings from users who trade on the platform. Which means for as long as the trader (that joined under your affiliate link) trades, you will earn a small commission from their trades.

Here are some of the exchange which offers affiliate commission for referring.

  1. Binance.com – You get a 40% referral bonus on the trading fee that your friends paid.
  2. Coinbase.com – Coinbase pay you $10 dollar for every customer that sign up and deposit atleast $100.
  3. Yellowcard – For every friend that you refer, you get paid 20% of trading fee when your referral buy or sell crypto
  4. Remitano – You will earn 40% commission immediately when your friend sign up and buy coins through your referral link and also another 10% commission when your friend refer others to trade on Remitano.

4. Lend Bitcoin – Earn Btc by lending

If you have some cryptocurrencies, you can lend it to earn bitcoin passively for you. Bitcoin lending is another way to earn Bitcoin.

There are several companies now that offer crypto lending service. You will earn returns by lending out your coins.

Here is are list of reputable companies you can lend your crypto and earn passive income:

  1. Binance
  2. Nexo
  3. Coinloan
  4. Celsius.network

I’ve covered the 4 Ways to Earn Bitcoin (Free Btc) Without Buying In 2020. The good news is that it is possible, and if you put some effort into it you can earn passive income streams.

The industry is prone to fluctuations. This can be a good thing when you stay on top of it and learn the risk that comes with it. Like having physical cash, keep your bitcoin safe and keep your bitcoin wallet safe. This may mean enabling your Google 2FA, backing up your device or keeping your antivirus updated. There are a lot of digital threats waiting for you.

There are several scams in bitcoin space that you should be aware of and try to avoid them.

You may still have some questions. If so, just leave them in the comment section below. And if you’ve tried out one of the methods above and want to share your experience with it I’d love to hear it as well.

 

Earn Bitcoin Without Buying: 4 Simple Ways to Earn Bitcoin In 2020
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10 POWERFUL BITCOIN BLOGS IN NIGERIA TO FOLLOW

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10 powerful Bitcoin blogs in Nigeria to follow. In the banking and finance sector in Nigeria, Bitcoin is one of the most trending digital assets in the digital space, grossing more than 40,500 monthly searches, with top bitcoin blogs in Nigeria beginning to see a tremendous rise in web traffic and daily engagements on bitcoin blogs and forums.

Bitcoin as being the heart of cryptocurrency worldwide and having a trajectory that has seen graphical upward and downward curves has invited both experienced and naive investors to its trading ground, with new investors seeking in-depth knowledge on how to plunge in and cash out big, while experienced investors are seeking for ways to understand the hope created by this novel digital asset.

While this isn’t strange to Nigerian traders, some of the powerful and dedicated bitcoin blogs in Nigeria are doing so well in educating experienced and inexperienced investors with daily detail of the big market, exchange rates, and predictions.

Who Are The Most Informed Bitcoin Blogs In Nigeria?

  1. Nigeriabitcoincommunity.com

Nigeriabitcoincommunity started out as a site created by a group of investors and entrepreneurs who delved into reporting trusted opportunities in bitcoin, where to buy or sell your bitcoin, how to identify and avoid bitcoin fraud while starting out as a new investor or an experienced investor seeking for more outline knowledge.

  1. BTC.ng

If you want to catch up with the nitty-gritties of bitcoin, from how diverse industries worldwide are integrating the use of bitcoin to their operation, to Nigerian government’s approach to bitcoin acceptance, policies and the economy as a whole, BTC.ng is one of the bitcoin blogs in Nigeria that will provide this news in detail, plus also provide you with an up-to-date crypto market cap that can guide you in cryptocurrency exchange.

  1. Bitcoin.ng

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Bitcoin.ng reports the latest news on bitcoin around the world, this means that it’s reportage is beyond Nigerian bitcoin-related news, and you can follow up on the latest news as a new investor to learn the “how to’s” of bitcoin and the most intricate market predictions.

  1. Blog.nairaex.com

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Blog.nairaex.com is one of the top dedicated bitcoin blogs in Nigeria, designed to share the latest bitcoin and cryptocurrency news. The site is designed with the simplest and easy-to-use interface which helps visitors spend more dwell time to feed on the latest information.

  1. Blockvila.com

Blockvila is a Liability company, Registered under the Corporate Affairs Commission of Nigeria as BLOCKVILA LIMITED. Blockvila.com offers a buying and selling platform for investors, and also reports on the latest blockchain news for new and old investors to get well-detailed news on cryptocurrency.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Blockvila.com was formerly known as www.ngexchanger.com, which began in 2016 as a subsidiary of NYXEL INTEGRATED SERVICES but was upgraded to blockvila.com to provide cryptocurrency wallet services and Blockchain Education to investors and investors wanna-bes.

  1. Blockchainnigeria.group

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Blockchainnigeria.group is a subset of the Organization of Blockchain Technology User (OBTU), with a news forum for reporting any blockchain-related news since 2016. Beyond having an online presence, there are a couple of live gatherings hosted by Blockchainnigeria to enlighten new and existing investors on blockchain and decentralization.

  1. Luno.com

Luno’s level of engagement on bitcoin is born from the wide experience of their team members who have worked in a wide range of top finance companies, engineering, etc. With the blog session of their active site, Luno.com reports on any latest news relating to bitcoin and cryptocurrency in general, with a special detailed weekly report regarding bitcoin review.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

The kind of articles found on the Luno blog is how to’s of cryptocurrency, mid-year analysis to give you insight on what the past 6 months have been like in cryptocurrency.

  1. Cryptonigeria.blogspot.com

Cryptonigeria, with a quite simple blogspot interface, but with well-researched information and diverse bitcoin and other cryptocurrency news from around the globe, is one of the few bitcoin blogs in Nigeria that is feeding new and existing investors with latest and most important news to follow in the cryptocurrency market.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

Cryptong averages about 200 comments on the comment sessions of their blogs, this makes it more interesting to read and get insights from other readers who have dropped comments in the form of threads on the comment session.

  1. Bitfxt.com

Bitfxt is an all-round bitcoin site with services including bitcoin industry analysis, reportage on market and exchange rates, token listing, etc.

10 POWERFUL BITCOIN BLOGS IN NIGERIA

In their blog session, Bitfxt does a great job to update their blogs daily with industry analysis and must-read news for any new and old investor to stay abreast of bitcoin-related news.

  1. Cryptostaunch.com

Cryptostaunch is on a mission to educate their blog visitors with how to’s of bitcoin trading and exchange, identifying bitcoin fraud, how to trade, and many more fundamental knowledge that every new and naive investor would need to know before delving into the space of bitcoin

10 POWERFUL BITCOIN BLOGS IN NIGERIA

If you fancy listening to podcasts more than reading blog posts, there is a session on their blog with a guideline on how to connect with their crypto-related podcasts. While that might sound like an-all access to a better way of keeping up with bitcoin-related news, Cryptostaunch does a good job with reviews of anything relating to e-wallets, cryptocurrency tools, etc.

Starting out as a crypto lover and interested in investing in bitcoin, these 10 powerful bitcoin blogs in Nigeria will guide your steps on how to start and grow a career in bitcoin trading and exchange.

10 POWERFUL BITCOIN BLOGS IN NIGERIA TO FOLLOW
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Robert Kiyosaki Predict Bitcoin $75,000 In Three Years

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Robert Kiyosaki Predict Bitcoin $75,000 In Three Years

Bitcoin continues trading at a powerful uptrend created back following the catastrophic Pandemic event that led to the economy to fall in March. Bitcoin is presently trading at $9,400 after its 3rd effective halving a few days ago.

Since the digital asset usually encounters a huge bull rally weeks after halving events, analysts and traders are now speculating about the potential of Bitcoin from the months and years. The last 2 halving occasions were followed by enormous cost surges that lasted months and directed Bitcoin to strike ATH.

So far, this halving event seems to be even more successful as it has helped Bitcoin already months before the event

Predictions Keep Coming Up

With interest in Bitcoin rising, the amount of predictions about the digital asset is also growing across information stations and societal media. We’ve seen thousands of predictions that are distinct throughout time, although the majority of men and women neglect, everyone wishes to correctly predict the cost for Bitcoin.

The latest prediction comes with more than 1 million followers on Twitter from legendary investor Robert Kiyosaki.

ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.

Kiyosaki believes while Gold could reach $ 3,000 in the calendar year Bitcoin can reach $75,000 in only 3 years. According to Kiyosaki, these resources will grow because of the incompetence of the Federal Reserve System daily and since trillions of dollars are now being published and will receive a good deal of attention.

He ends up the tweet stating’Best-prepare for its WORST’ suggesting that the market and the stock exchange could see another major hit.

Why Do Most Predictions Fail?

It is difficult to predict the purchase price of any asset cryptocurrencies. The variables are too high to actually predict a specific price by a particular date, but it is definitely not impossible to predict if an asset will go down or up in the future. There are plenty of multi-billionaire and legendary investors which have been doing it for ages.

Bitcoin, unfortunately, is a lot more volatile than stocks and may change in a matter of days. New regulations throughout the world, possibly a bug in the code, there are plenty of factors which could arrive in play and affect Bitcoin’s purchase price.

Robert Kiyosaki Predict Bitcoin $75,000 In Three Years
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Disclaimer: 9ja Informative's content is meant to be informational and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. 9ja Informative receives compensation with respect to its referrals for out-bound crypto exchanges, crypto wallet websites and affiliate links.

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