So you have the equivalent of 2000 USDT of BTC and 2000 USDT of ETH in position. You bought 100 USDT of Bitcoin with x20 leverage and 100 USDT of Ethereum with x20 leverage as well. Let’s take an example.
If the Bitcoin price drops by 20% , your drop is really 20×5 = 100% and you lose your 100 USDT entirely . We had bought for binance 500 USDT of Bitcoin in leverage x5 with a stake of 100 USDT. If the price goes up soon after, you do not benefit because you were taken out of the position: you were liquidated . Let’s go back to our previous example.
Put multiple Take Profit to gradually secure your earnings Put a Stop Loss Add a Trailing on Take Profit and Stop Loss to make them rise in Long mode and lower them in Short mode, this allowing you to optimize your gains and take advantage of bull runs and bear runs Set a Trigger or Threshold to enter a trade at a given time: for example when a Resistance or Support is broken Set a Timer to automatically cancel or sell a Trade on the market after a defined time Draw chart figures on the integrated TradingView graph Modify, Cancel or binance Panic Sell a Trade in one click See the maximum trade loss and binance futures the Reward / Risk ratio Receive a Telegram notification for each Entry, Take Profit or Stop Loss made Automatically copy each Trade from the top Traders who use Binance Futures Create your own Trading group so that your subscribers or friends can automatically copy your Trades, even if they are not in front of their screen.
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KYC is an acronym fo r “know your customer”, or “know your client”. Identity verification requires information that can be used to–of course–verify your identity, like a valid ID card, utility bills containing your home address, binance a passport, etc. It refers to the verification of a customer’s identity, typically by a financial institution. ID document requirements vary from institution to insitution, and even region to region.
It is thanks to this partnership with Binance and binance Binance Futures that we can offer you all our Trading tools for free ! Any trade starting from Wall Of Traders on a Binance or Binance Futures account created without a referral link earns us a fee. The fees do not change whether you trade directly on Binance Futures or from Wall Of Traders.
While cryptocurrency exchanges promise to treat users’ private information with care, many people who prefer to maintain anonymity don’t want to take that chance. For users concerned with the ethos of anonymity via decentralized blockchain, losing anonymity is a high price to pay especially when they submit their KYC details to centralized cryptocurrency exchanges. These fears are not unfounded since many exchanges still do not have robust KYC systems to secure consumer information.
The argument is that KYC and AML regulations are against the concept of decentralization. KYC, AML and all other processes put in place by regulators make it more difficult for organized criminals and terrorists to hide their illicit activities. They will be unable to make funds acquired through illegal means appear legitimate. While this is a benefit, some members of the cryptocurrency community are divided on whether exchanges should make KYC compliance mandatory.
It is in order not to be liquidated too quickly that you must be very careful with leverage . Therefore, a drop of 0.8% will make you lose your entire position! The maximum leverage allowed by Binance Futures is x125.
Binance is one of the few exchanges with a secure and dedicated system for KYC data collection and management. There have been reports of hackers getting access to the KYC information of cryptocurrency users by taking advantage of loopholes on the software of exchanges.
To go further in the configuration of your Wall Of Traders account, we advise you to read the article “How to set up your Copy Trading and Smart Trading account?” whose link is at the bottom of this article.
As you will be less resistant to strong market declines, this margin is more suitable for short-term strategies . You will only lose funds on the liquidated pair, not on other pairs . In isolated margin , liquidation will only apply to the pair considered .
For banks, this stage usually comes during enrollment. For cryptocurrency exchanges and other less rigid financial institutions, it comes after registration. It simply involves the collection and verification of customer data. This is the first and most straightforward KYC process.
AML includes a vast range of regulatory processes designed to curb money laundering. Other AML processes include software filtering, record management, and . KYC is simply a process of AML that involves identity verification and enhanced due diligence. The know your customer requirements are just one part of a broader umbrella term commonly called anti-money laundering (AML).
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