How does Binance futures referral code works

Binance Futures Referral Code: 145880221.

Looking to join Binance Futures? Use the Binance Futures referral code [145880221] to get a discount on trading fees. 

In this article, we will provide you with all the information you need to know about Binance Futures, how to register and use the referral code, and how to benefit from the discounts and promotions available on the platform.

Binance Futures Trading: A Comprehensive Guide to Mastering the Art of Trading

In the ever-evolving world of cryptocurrency, Binance has established itself as a leading platform for trading digital assets. 

Since its inception in 2017, the company has introduced numerous innovative trading products, including Binance Futures. This article delves into the world of Binance Futures trading, exploring its intricacies and providing a comprehensive understanding of how it works.

Binance Futures Referral Code: 145880221

What is Binance Futures?

Binance Futures is a platform offered by Binance, the world’s largest cryptocurrency exchange. The platform allows users to trade perpetual futures contracts for various cryptocurrencies, with leverage of up to 125x.

Binance Futures is a trading platform that allows users to trade contracts representing a specific amount of a cryptocurrency, instead of trading the actual digital asset itself. 

These contracts are called futures contracts and they can be traded with leverage, allowing users to maximize their potential gains (and losses) by borrowing additional funds to increase their trading positions.

Futures contracts are agreements to buy or sell an asset at a predetermined price on a specific date in the future. In the context of cryptocurrency, traders can speculate on the future price of digital assets like Bitcoin and Ethereum. 

Binance Futures offers a variety of contracts, including perpetual contracts and quarterly futures contracts, providing traders with multiple options to engage in cryptocurrency futures trading.

These futures contracts enable traders to speculate on the future price of a cryptocurrency, either long (buying) or short (selling) positions. 

Binance Futures offers a wide range of trading pairs, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), among others.

How to Register for Binance Futures

To start trading on Binance Futures, you must create an account on the Binance exchange. Follow these simple steps to register:

1. Visit the Binance registration page and enter your email address and a strong password.
2. Click “Create Account” and complete the captcha verification.
3. Check your email and click the confirmation link to verify your account.
4. Log in to your Binance account and complete the basic account verification and security settings.

After successfully registering and verifying your Binance account, you can access Binance Futures from the “Derivatives” menu on the Binance homepage.

How to Use the Binance Futures Referral Code

To get a 30% discount on trading fees, use the Binance Futures referral code [145880221] during registration. Here’s how:

1. Visit the Binance Futures page.
2. Ensure the Binance Futures referral ID [145880221] is in the “Referral ID” field.
3. Complete the registration process as described in the previous section.

By using the referral code, you will automatically receive a 20% discount on trading fees for the first 30 days on Binance Futures. This discount is applicable to both maker and taker fees.

Benefits of Binance Futures

Binance Futures offers several benefits to traders, including:

1. **High leverage**: With up to 125x leverage, traders can maximize their potential profits by controlling larger positions with a smaller amount of capital.
2. **Wide range of trading pairs**: Binance Futures supports a variety of cryptocurrencies, allowing traders to diversify their strategies and minimize risk.
3. **Low fees**: Binance Futures offers competitive fees, starting at 0.02% for maker fees and 0.04% for taker fees. With the referral code, you can enjoy a 30% discount on these fees for the first 30 days.
4. **Advanced trading tools**: Binance Futures provides users with advanced charting tools, order types, and risk management features to help traders optimize their strategies.
5. **Strong liquidity**: As part of the Binance ecosystem, Binance Futures benefits from the exchange’s large user base and deep liquidity, ensuring smooth and efficient trading.

Binance Futures Fee Structure

Binance Futures uses a tiered fee structure based on the user’s 30-day trading volume (in BTC) and Binance Coin (BNB) balance. The fees range from 0.02% to 0.04% for maker fees and 0.04% to 0.10% for taker fees, depending on the user’s VIP level.

Users who hold BNB in their Binance account and enable the “Using BNB to Pay for Fees” option will receive an additional 10% discount on trading fees.

Binance Futures Referral Program

Binance Futures also offers a referral program, allowing users to earn a commission by inviting friends to join the platform. 

When you refer a friend using your referral link or code, you can earn a commission of up to 40% on their trading fees. 

The commission rate depends on your referral’s VIP level and the amount of BNB held in your account. To participate in the referral program, follow these steps:

1. Log in to your Binance account and visit the Binance Futures page
2. Generate your referral link or code and share it with your friends.
3. Earn commissions whenever your referrals trade on Binance Futures.

In conclusion, Binance Futures provides a comprehensive trading platform for cryptocurrency futures, with competitive fees, high leverage, and a wide range of supported cryptocurrencies.

By using the Binance Futures referral code [`145880221`], you can enjoy a 30% discount on trading fees for the first 30 days and take advantage of the platform’s various features and promotions. 

How Does Binance Futures Trading Work?

To begin trading on Binance Futures, you need to have an existing Binance account. Once you’re logged in, navigate to the “Futures” section of the website or app. 

If you haven’t traded futures before, you’ll need to complete a brief quiz to demonstrate your understanding of the risks associated with leveraged trading.

Funding Your Futures Account

Before you start trading, you need to fund your futures account by transferring funds from your Binance spot wallet to your futures wallet. 

To do this, select “Transfer” within the “Futures” section, choose the cryptocurrency you want to transfer and input the desired amount. Note that you can use USDT, BUSD, or other supported cryptocurrencies as collateral for your futures trading.

Selecting a Futures Contract

After funding your account, you can choose the type of futures contract you want to trade. Binance Futures offers perpetual contracts and quarterly futures contracts. Perpetual contracts do not have an expiration date, while quarterly contracts expire on a predetermined date.

Each contract is associated with a specific trading pair, such as BTC/USDT or ETH/USDT. When selecting a contract, consider the underlying asset, contract size, and leverage available.

Using Leverage

Leverage allows you to trade with more capital than you have in your account. For example, if you use 10x leverage, you can open a position worth 10 times the amount of your initial investment. While leverage can amplify your potential gains, it also increases your potential losses, so it’s essential to use it responsibly.

Binance Futures offers leverage ranging from 1x up to 125x, depending on the contract and your risk profile. To adjust your leverage, use the leverage slider within the trading interface.

Opening and Closing Positions

To open a position, you can choose between two types of orders: limit and market. Limit orders allow you to set a specific price at which you want to buy or sell the contract, while market orders execute your trade immediately at the current market price.

Once you’ve decided on your order type, select whether you want to go long (buy) or short (sell) and input the desired quantity of contracts.

When you’re ready to close your position, you can either place an order in the opposite direction (e.g., sell if you initially bought) or use the “Close Position” button within the trading interface.

Risk Management and Liquidation

Managing risk is crucial when trading futures, especially with leverage. Binance Futures employs an auto-deleveraging (ADL) system to mitigate the risk of extreme market volatility. The ADL system ranks traders based on their profit and leverage and may reduce their positions in the event of a significant market move.

Additionally, Binance Futures uses a liquidation mechanism to ensure that traders can cover their losses. If the market moves against your position and your account balance falls below the maintenance margin requirement, your position may be liquidated, resulting in a complete loss of your investment.

To avoid liquidation, it’s vital to employ proper risk management techniques, such as using stop-loss orders and carefully monitoring your margin levels.

Conclusion

Binance Futures trading offers a powerful way to speculate on the future price of cryptocurrencies, with the potential for substantial profits and losses. 

By understanding the mechanics of futures trading, selecting the appropriate contracts, and employing effective risk management strategies, you can master the art of Binance Futures trading and participate in this exciting market. 

Always remember that futures trading carries significant risks, and it’s crucial to trade responsibly and within your means.

Don’t miss out on the opportunity to maximize your trading potential and diversify your strategies with Binance Futures.

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