1. What is Binance Futures?
Answer: Binance Futures is a platform that allows users to trade cryptocurrency futures contracts, enabling traders to speculate on the price movements of cryptocurrencies. Unlike spot trading, futures contracts let you profit from both rising and falling markets.
2. How do I use the Binance Futures Referral Code “kickback20”?
Answer: During the sign-up process on Binance Futures, you’ll be prompted to enter a referral code. Simply enter “kickback20” in the referral code field to activate the 20% discount on your trading fees.
3. What benefits do I get with the Binance Futures Referral Code “kickback20”?
Answer: By using the “kickback20” referral code, you receive a 20% discount on all trading fees for a specified period. This helps reduce trading costs and can increase your profitability, especially if you trade frequently.
4. Are there any other discounts available on Binance Futures?
Answer: Yes, Binance Futures offers various promotions and discounts for new users, including sign-up bonuses and seasonal promotions. The “kickback20” referral code provides an immediate 20% discount, but you may also qualify for additional promotions by staying updated on Binance’s offers.
5. What is the minimum deposit required to start trading on Binance Futures?
Answer: The minimum deposit required to start trading on Binance Futures depends on the cryptocurrency you want to trade. For example, for USDT-margined contracts, you may need a minimum of $10 USDT to begin trading. Always check Binance’s specific requirements before depositing.
6. How do I withdraw funds from Binance Futures?
Answer: To withdraw funds from Binance Futures, you need to transfer your funds from your Futures wallet to your Spot wallet. Once your funds are in your Spot wallet, you can withdraw them to your external wallet or exchange them for other cryptocurrencies.
7. Can I use leverage when trading on Binance Futures?
Answer: Yes, Binance Futures offers leverage of up to 125x on certain contracts. Leverage allows traders to amplify their exposure to the market, but it also increases the risk, so it’s important to use leverage cautiously and implement risk management strategies.
8. How do I manage risk on Binance Futures?
Answer: Binance Futures provides various risk management tools such as stop-loss orders, take-profit orders, and trailing stops. These tools allow you to automatically close your positions when certain conditions are met, helping minimize losses and protect profits.
9. Is Binance Futures available worldwide?
Answer: Yes, Binance Futures is available in many countries around the world. However, there are certain regions and jurisdictions where Binance may face regulatory restrictions, so it’s essential to check whether Binance Futures is accessible in your specific location.
10. How do I become a Binance Futures affiliate?
Answer: To become a Binance Futures affiliate, you can sign up through the Binance Affiliate Program. Once you’re accepted, you’ll receive your unique referral link to share with others. By referring new users, you can earn commissions on their trading fees, providing an additional income stream.