To learn how to trade on the exchange, you can check this guide onhow to short ethereum on Binance. Verdict:There are hardly any differences in terms of overall trading experience and the platform. You would find both platforms to be pretty identical and have the same features. Hence, it ...
How To Keep Your Binance account safe from hackers How to use Binance Futures Trading for Short and Long Binance Spot Grid bot Trading Strategy (Tutorial) Based on our community comments on social media and emails from our readers, here are some of the top FAQs related to Binance sub-account...
Instead, traders use significantly smaller amounts of cash to go long or short on a futures contract that they anticipate will rise or fall in price in the future. By going long, a user buys a futures contract, anticipating that its value will increase in the future. Alternatively, they co...
Easy way to gain leveraged exposure without collateral or liquidation risks. Good for short term trades but can lose value over longer periods. Not suitable for beginner traders. Understand how leverage works. Binance Leveraged Tokens are an interesting derivative product that offers leveraged exposure...
Time Frames: Binance allows you to view a chart on a time frame ranging from 1 minute to 1 month. Thus, you can conduct an in-depth analysis of historical price data and identify long-term and short-term trends. Indicators: Binance offers hundreds of indicators, allowing you to perform de...
Market Risk: The most significant risk involves the inherent volatility of the cryptocurrency market. Prices of digital assets on Binance can fluctuate wildly in short periods, leading to potential losses. This volatility is driven by various factors, including regulatory news, technological advancements...
Can you short on Binance? How to do it❓ Yes, since recently, Binance introduced Binance Margin trading. With this option you can short bitcoin on Binance as well. When you think bitcoin is going down, you can use Binance margin option to borrow BTC and sell it for some other coin, ...
Creating a Binance account to this point gives you access to use essential Binance functions and make limited trades. To unlock your Binance Account’s full potential, you need to complete the KYC process. KYC is short for Know Your Customer, a process that helps Binance register you as a ...
Short-term Capital Gains Tax Short-term capital gains are taxed like your ordinary income. Short-term capital gain means you have held the asset for a year or less. This can surge up to 37%, depending on your tax bracket. Short-term taxes are more heavily taxed than long-term gains tax...
Binance’s security features include two-factor authentication (2FA) via the Google Authenticator app or short message service (SMS), address whitelisting, device management, and the ability to restrict device access. While these features can help keep user accounts relatively secure, Binance’s repu...