⚙️ What are futures contracts on Binance?

♦️Trading futures contracts for cryptocurrencies on the Binance platform is one of the most popular methods to profit from market movements, whether in an upward or downward direction. Here’s a comprehensive explanation of how to trade and ways to profit:

- Futures contracts allow you to buy or sell a cryptocurrency at a specified price at a later time.

- You do not actually own the cryptocurrency; instead, you trade based on price predictions.

- Two main types:

- USDⓈ-M: Settled in digital dollars (USDT or USDC).

- COIN-M: Settled in the cryptocurrency itself (like BTC or ETH).

📌 You can start from the futures page on Binance.

🧠 Steps to start trading

1. Create and verify an account on Binance.

2. Transfer funds from your Spot wallet to your Futures wallet.

3. Choose the type of contract (perpetual or quarterly).

4. Set the leverage (Cross or Isolated).

5. Execute a trade order (buy or sell).

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