What is Binance?

Binance is in the top 3 in terms of daily trading volume. For several years, the platform has taken a confident first place.

The platform supports more than 40 languages. Verification is not required for work, but after passing it, the withdrawal limit is increased from 2 BTC per day.

The exchange offers a literally endless list of supported pairs. The listing of the crypto exchange includes more than 200 digital currencies. In total, you can trade 600+ currency pairs.

Binance is a global centralized cryptocurrency exchange that includes several companies around the world using the Binance brand and technology. Binance Partners established in multiple jurisdictions to serve over 180 countries around the world.

Each exchange under the name of Binance is independently operated and fully compliant with the local regulations and laws of the country. Binance partners enable individuals around the world to exchange fiat money for cryptocurrencies to buy and sell digital assets, trade and access financial services. For more information and a complete and up-to-date list of countries, please visit the official Binance website.

Binance has also released its internal token, BNB (Binance Coin). It is used to reduce trading fees; participation in IEO, Launchpool; increase partner remuneration, etc.

Binance is one of the most popular online cryptocurrency platforms in the world
Binance is one of the most popular online cryptocurrency platforms in the world

Trading fees on Binance are very low. While the standard trading fee is 0.1%, it can be further reduced by becoming the owner of the author's digital coin of the exchange - Binance Coin.

Binance offers a range of security methods to keep your assets safe from scammers. First, after registering, you will be advised to set up two-factor authentication. This means that a hacker will not be able to log into your Binance account without access to your smartphone.

Moreover, if you try to log into your personal account from a device with a different IP, you will need to confirm the login from your email. You can also choose to be notified via email if key account features are used, such as withdrawals.

The security of user assets on the Binance exchange is under very serious and comprehensive protection:

  • Security Keys;
  • SMS authentication;
  • IP and input device control;
  • Anti-phishing code;
  • 2FA based on Google Auth;
  • White list of withdrawal addresses, which is configured using the associated email;
  • Traffic is protected by SSL encryption;
  • Hardware and digital security modules certified to the highest standards.

In 2021, Binance entered the Non-Fungible Token (NFT) market thanks to record selling prices for unique art, collectibles and trading cards. 

Existing Binance users can participate in the Binance NFT marketplace to become an NFT buyer or seller. The Binance Marketplace aims to bring together artists, creators, and cryptocurrency enthusiasts to buy, create, and sell NFTs. Investors can buy NFTs on the exchange with various coins such as BUSD and Ethereum. There is a nominal 1% transaction processing fee, and creators will earn a 1% royalty on all subsequent transactions.

With the Binance Visa Card, you can use the crypto assets in your Binance account in more than 60 million locations around the world
With the Binance Visa Card, you can use the crypto assets in your Binance account in more than 60 million locations around the world

What are crypto derivatives?

In simple words, derivatives are contracts traded on exchanges, the value of which is determined by the underlying (or underlying) assets. In practice, the prices of the underlying asset and the derivative are often very close, and the fall / rise in the price of the underlying asset clearly correlates with the dynamics of the derivative.

The underlying asset can be: debt securities, stocks, commodity market instruments (oil, gold, agro-industrial products), stock indices, currencies. Moreover, other derivatives (for example, options on futures) can be used as the underlying asset.

Also available on Binance derivatives trading. This is a very popular trading platform. Users often choose to trade on Binance crypto futures in India.

Binance derivatives trading platform
Binance derivatives trading platform

How to trade Binance derivatives in India?

It is quite easy to start trading on Binance derivatives in India. The platform has a simple registration procedure. Immediately after funding a trading account on Binance derivatives trading.

The Binance personal account has many settings that allow you to fully manage the funds and actions of the user. By clicking on the User icon in the upper right corner, you can go to the Toolbar. At the same time, we note that access to the main sections of the Cabinet is available both on the top right in the form of a drop-down menu, and on the left in the form of Bookmarks. Which navigation to use is probably a matter of habit and convenience.

The main screen of the Toolbar contains all information about the status of accounts and the User's account: balances of various accounts, activity and security data, open orders, commission rates, etc.

Binance derivatives trading platform has a wide range of functionality and is quite convenient for working with derivatives.

The high level of security is one of the reasons why traders trade on Binance derivatives in India. 

Binance Mobile App
Binance Mobile App

How to register?

To create an account on the Platform, click the "Register" button at the top corner of the Binance website. This will open a simple form to fill in the information.

Fill in the proposed fields and click "Create an account", after confirming that you have read the terms and policies of the resource.

In addition to the traditional email registration option, Binance also provides the option to create an account using a mobile phone. Choose whichever is more convenient for you.

Convenience is one of the main reasons many traders choose to trade Binance derivatives in India. At the same time, the platform is popular not only in India, it is known all over the world. Binance derivatives trading platform is now the most popular in the world.

Registration in three steps
Registration in three steps

How to open a demo account?

Not all exchanges offer a demo trading feature, but Binance does. It is very comfortable. You can trade on Binance derivatives in India without any investment. So you can easily master the platform and try your hand at trading.

A demo account on a cryptocurrency exchange is an opportunity to learn how to trade cryptocurrency using trading simulation. Trading on a demo account takes place in real market conditions. But at the same time, virtual bitcoins and altcoins from the Testnet test network are used.

On such an account, you will not be able to lose money or withdraw earned profits. But on the other hand, get experience in trading futures, options or other assets, as well as get acquainted with exchange instruments.

Conveniently, to register a demo account on the Binance derivatives trading platform, you can use the same mail as when registering the main account. On a demo account, you can use Binance crypto futures trading and other derivatives.

Advanteges of Binance cryptocurrency derivatives trading platform
Advanteges of Binance cryptocurrency derivatives trading platform

How to replenish a deposit?

The exchange is constantly working on improving and expanding the methods of depositing and withdrawing funds. And if earlier, it was possible to work on the exchange only through cryptocurrency, today the platform makes it possible to easily deposit and withdraw fiat money through bank cards, accounts and other payment systems.

True, for some countries there are restrictions. Therefore, it is better to look at the latest information at a specific point in time on the Binance website.

A deposit is required to start trading on Binance crypto futures in India. In total, up to 20 types of payment are available. Deposit methods may differ depending on the country you are in.

Also, the platform, unlike many other exchanges, works with fiat currency, but for this on Binance it will require you to go through a simple KYC procedure. Only after that you will be able to fund your account with fiat currency and start trading on Binance derivatives in India.

This is necessary in order to comply with all anti-money laundering laws. The procedure is extremely important for an exchange operating in the United States.

The platform traditionally does not charge a commission for replenishing a deposit on the exchange.

Binance provides fast and safe tranzactions
Binance provides fast and safe tranzactions

How to withdraw money?

The procedure and methods of withdrawal are in many ways similar to the process of replenishing a deposit. In fact, only the direction of money movement is different. To date, the exchange has already reached such a level that both operations (deposit and withdrawal of funds) do not present any particular difficulties for users.

If Binance crypto futures trading brings you income, you can easily withdraw funds in a few clicks. At the same time, the withdrawal can be carried out not only in cryptocurrency, but also in fiat money.

Binance derivatives list

As we already wrote, a huge list of instruments is available on the Binance cryptocurrency derivatives trading platform. The current list can always be found on the website.

The exchange regularly adds new cryptocurrencies and expands the list of available instruments. This is another reason why users trade on Binance crypto futures in India.

Binance Futures offers a huge selection of cryptos with new coins being listed constantly
Binance Futures offers a huge selection of cryptos with new coins being listed constantly

Alternatives to Binance cryptocurrency derivatives

Binance is the highest liquidity cryptocurrency exchange. Surprisingly, it only took a few months for Binance to become one of the most popular crypto exchanges in the world.

However, Binance does not dominate the market as many people choose to use other exchanges. The reasons for using other sites vary. Due to restrictions in many countries, users have switched to working with DeFi.

There are more than enough alternatives. It can be a platform: Kraken, Bittrex, Crypto.com, HitBTC, OKEx, Bitfinex and a huge number of other platforms. What suits you best is up to you.

However, when choosing a platform, you can't go past Binance as it remains the top exchange and is likely to continue to lead in the coming years.

Trading with Binance cryptocurrency derivatives is very popular for a number of reasons that we mentioned above. Obviously, the platform offers its users a very high quality service, favorable trading conditions and a high level of support.

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