How to get started with Fiat Funding, Margin Trading & Futures Contract on Binance

How to get started with Fiat Funding, Margin Trading & Futures Contract on Binance


Fiat Funding on Binance

Binance provides various Fiat Payment Methods and allows users to choose the corresponding ones based on their currencies or regions.

Current Fiat Payment Methods
The following fiat payment methods are currently available on Binance.
 
Buy Crypto with Credit/Debit Card
Available fiat currencies Available Cryptocurrencies
AED, AUD, AZN, BGN, CAD, CHF, CLP, COP, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, ILS, ISK, JPY, KES, KRW, KZT, MXN, NGN, NOK, NZD, PEN, PHP, PLN, RON, RUB, SAR, SEK, THB, TRY, TWD, UAH, UGX, USD, UYU, VND, ZAR BNB, BTC, BUSD, ETH, USDT, XRP, ZIL, FIO, BAT, BCH, BTT, CHZ, COMP, DAI, DOGE, EOS, ETC, LINK, MATIC, MKR, SNX, SXP, VET, XTZ, ZEC
Click here to buy with your local currency.
Deposit and Withdrawals
Available fiat currencies Fiat payment methods
AUD
Deposit (PayID)
Withdraw (PayID)
BRL
Deposit
Withdraw
EUR, GBP
Deposit (SEPA/iDEAL/FPS)
Withdraw (SEPA/FPS)
KES Deposit (mobile money)
NGN
Deposit
Withdraw
PEN Deposits
RUB
Deposits
Withdraw
TRY
Deposit
Withdraw
UAH
Deposit
Withdraw
UGX
Deposit (mobile money)
Withdraw (mobile money)
USD (SWIFT)
Global users Deposit (SWIFT)
Global users Withdraw (SWIFT)
VND Deposits
Buy Crypto with Fiat Wallet Balance
AUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, KES, KZT, MXN, NGN, NOK, NZD, PEN, PLN, RUB, SEK, TRY, UAH, UGX BNB, BTC, ETH, XRP, BUSD, LINK, LTC, USDT, ADA, BAT, BCH, COMP, DAI, DASH, DOGE, EOS, IDEX, MATIC, MKR, ORN, SNX, SXP, VET, XTZ, ZEC, ZIL, ETC, CHZ
Click here to buy crypto using your cash balance
 


Margin Trading and Futures Contract

Binance Margin trading is a method of trading crypto assets via borrowing funds, and it allows traders to access greater sums of capital to leverage their positions. Essentially, margin trading amplifies trading results so that traders can realize larger profits on successful trades.

A futures contract is an agreement to buy or sell the underlying asset at a predetermined price in the future. When trading futures, traders can participate in market movements and profit by going long or short on a futures contract. Binance futures contracts are divided according to the different delivery dates into quarterly and perpetual futures contracts.

Margin and Futures trading allows users to amplify their profits by using leverage. But what’s the difference between the two products? Let’s have a look.
How to get started with Fiat Funding, Margin Trading & Futures Contract on Binance
Markets Trading assets
Margin Traders place orders to buy or sell cryptos in the spot market. This means that margin orders are matched with orders in the spot markets. All margin related orders are actually spot orders. While trading Futures, traders place orders to buy or sell contracts in the derivatives market. In summary, Margin and futures trading are in two different markets.

Leverage
Margin Traders have access to 3X~10X leverage with assets provided by the platform. The leverage multiplier is based on whether you are using isolated margin or cross margin mode. In contrast, futures contracts offer higher leverage up to 125X.

Collateral Allocation
Binance Futures and Binance Margin trading both allow traders to switch between “Cross Margin” and “Isolated Margin” modes. So, traders can allocate their funds to a cross position or isolated positions to reasonably share the collateral to control risks.

Trading Fee
Binance Margin allows users to borrow funds from the platform and calculates the loans interest rate for the next hour. Users will repay the borrowed funds afterward. Traders should make sure that their assets are sufficient to avoid being liquidated.

In contrast, futures are using maintenance margin as collateral, which means there is no repayment, but users should make sure that their collateral is sufficient.

Both Margin and futures will charge users a trading fee. And Margins trading fee is the same as the Spots fee.

And due to the price difference between perpetual futures and quarterly futures, the funding rate is used to essentially force convergence of prices between the Perpetual Futures Market and the actual underlying asset. Please note only Perpetual Futures will charge traders the funding rate.

Start exploring the leveraged trading products on Binance Today!

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