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How to Make Your first trade on Binance Future

Shery Mlkay by Shery Mlkay
August 5, 2022
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Binance Futures is the world’s leading exchange for crypto derivatives and offers traders a convenient way to speculate on the price development of digital assets.

Futures contracts are capital efficient as traders receive an excellent return profile without risking a significant amount of capital.

Trillions of dollars are traded in the cryptocurrency market every month as traders seize the opportunities to make quick profits regardless of the direction of the trend. Derivative contracts allow traders to take advantage of price fluctuations by going long (buy low and sell high) or short (sell high and buy low).

If you already have a Binance account First Verify it.

If you don’t have an account yet, go to Binance and click [Register] at the top right of the page.

Verify your account
Please note that you need to verify your identity to unlock all the amazing features that Binance offers.

Before making your first trade on Binance Futures, you will need to deposit fiat or cryptocurrencies.

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To deposit fiat, go to Binance and click [Buy Crypto] on the top left of the page.

Choose the [Currency] and method you want to use to make your first deposit, click [Next] and follow the instructions.

To deposit cryptocurrencies, go to Binance and click [Wallet] – [Fiat and Spot] on the top right of the page.

Make your first trade
After verifying your Binance account and transferring funds to your Binance Futures wallet, you are ready to make your first trade.

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