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Binance trade bitcoinBitcoin OTC | Crypto OTC | Altcoin Trading | Binance Trading
In this example, we will be using a limit order to enter a long position worth 0. The procedure is the same when you are opening an order for your selected cryptocurrency, in this case Bitcoin. We set the limit price at 7, and we are using 20x leverage, so entering this position will require 3.
Of course, you can use stop orders to manage your risk. You can check out this tutorial from Binance to understand how different types of stop orders work and how they can prevent unnecessary losses. In the picture below, you can see an example of an order that has been filled successfully. This position is worth 0. On the right side of the tab, the position can be closed with either a market order or limit order. While it may be hard to wrap your head around Bitcoin leverage trading at the start, this guide has hopefully made the process a bit easier to understand.
Thanks to the user-friendly interface, trading Bitcoin with leverage on the Binance digital asset exchange is relatively simple. Trade on Binance Futures. Of course, Binance is not the only cryptocurrency exchange that offers leveraged cryptocurrency trading.
Create a Binance account First things first - you will need to open an account on the Binance cryptocurrency exchange. We recommend to start with a small amount until you get comfortable with the user interface. Here, you can select the contract you want to trade. This slider goes from 1x to x.
Higher leverage means higher potential profits, but also a higher chance of losses. Here, you can place an order. You can either go long you will profit if the price increases or short you will profit if the price falls. Our trading desk focuses on more than just Bitcoin OTC trading, we can accomodate crypto to crypto trades on almost any coin listed on Binance, such as BTC to stablecoin, altcoin to BTC, altcoin to stablecoin, and even unlisted pairings such as altcoin to altcoin trading.
We offer a deep liquidity pool, particularly in the altcoin markets even for alts with a low market cap. Settlements occur within the Binance ecosystem and are generally completed within minutes. The coins you are trading will simply be moved in and out of your account manually by our team. We like being hassle-free and fast while still strictly adhering to all of the safety protocols on the Binance exchange. Our trading desk respects privacy. We conduct OTC trades in a confidential manner without significant impact to markets.
Every user and every block trade is unique, so we like to discuss trades directly over chat. Our team will be there to work with you every step of the way from onboarding to pricing to trade settlement, or even just to chat about the markets! As the leading crypto-to-crypto exchange, we have a wide array of coins listed. Binance Trading supports block trades in most coins listed on the exchange, and even on pairs that are not listed e.
At the core of our OTC trading service is a constant mission to provide a fast pricing process that lets you request for and receive price quotes within minutes. With Binance Trading, settlement occurs directly in your Binance account and is typically done within minutes. No need to involve another party and complicate the process. Block trade discussions happen on chat, and a trade can be confirmed in as quickly as a few minutes from the time you reach out to us for a price.
With Binance Trading, you only ever need to send coins to your binance account. Fill out the short form once you are logged in with your KYC-verified account. If you cannot open the form, please refer to our email or Telegram for help.
Unlisted Pairs i.