I have been meaning to write a post on this topic and promised. I am fulfilling it.
Once a month, Binance gives the opportunity to receive small change (about 50¢+) almost without risks and with minimal funds. I know that there are quite a few people here collecting such change, so this post is specifically for that audience.
In the Red Envelope promotion, in the category of crypto box giveaways, a task for trading futures usually appears in the second half of the month from $20 per trade.
Why is it practically risk-free and with a small budget? For this, we need a maximum of 3$, but 50¢ can also work.
We choose a coin that has low daily volatility and high leverage (50+). Low volatility to minimize potential losses and high leverage to require a minimal amount of our money.
$BTC $BNB $ETH SOL you may choose something else, but I recommend these.
There is 1 moment. If you have not used futures before, there is a chance that you need to activate them; in this case, the maximum leverage decreases to about 20, and more of your funds will be required.
What we do. We check if there is a task, click execute (just in case) and select a pair. Funds can be transferred from sports right away, or you can see how much you need for the trade and do it later. We transfer to USD-M, set the leverage to maximum or as convenient. To understand the size of the position, switch as shown in the screenshot from coins to USD. And set 25-30$ positions (with a margin), open Long or Short with a market order, it's easier. Or with a limit order.
If you calculated correctly, you can close the position in profit from a couple of cents and above. If the price goes against you, at your discretion, but you can close it almost immediately, the trade will be protected.
In such trades and with such coins, closing with a small loss, you lose 2-5¢ but receive more small change, like in stock packet distributions. Everything is verified, USE IT 😉
If you have any questions - write in the comments
As a thank you, you can open a trade on the pairs listed below 😅