An Honest Binance Futures Review
What is Binance Futures?
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of 2020, Binance was the largest cryptocurrency exchanges in the world in terms of trading volume. Binance was found by Changpeng Zhao, a developer who had previously created high frequency trading software.
Highest variety of cryptocurrency futures on the market
Binance offers users leverage as high as 125x
Mobile app for trading while on the go
Binance Futures Launch
Initially launching Binance Futures in September 2019, Binance Futures quickly became one of the biggest futures exchanges stealing marketshare from BitMEX. The platform now have a huge daily trade volume, liquidity is not a concern.
"No discussion of Binance is complete without first mentioning its founder, Changpeng Zhao – better known as CZ."
(CZ on Forbes Cover – From Zero To Crypto Billionaire In Under A Year)
Since its launch, the Binance Futures platform has been breaking all world records and taking the crypto industry by storm.
At the time of writing this review, the Binance futures platform ranks as the largest Futures trading platform in the industry, overtaking BitMEX in both trading volume and registered users.
Binance Futures liquidity
Binance Futures stands out as one of the most liquid Bitcoin futures trading platforms currently in operation.
As I'm editing this Binance Futures BTC contracts have $3,3 Bilion in 24-hour trade volume.
Binance Futures Fees
The Binance Futures fees are currently one of the lowest in the market. Binance does not charge Makers fee and all trading fees are currently capped at only 0.5% per trade. Binance doesn’t charge users for making deposits into their accounts but it does charge for making withdrawals.
When it comes to trading on the go, Binance Futures has a custom-built mobile trading app. This app allows you to carry out technical analysis, monitor open positions, and manage your trades while on the go.
You can download the app for both Android and iOS phones for free from the google play store and the iPhone app store.
Mobile App Features
Some of the in-built features, that come with the Binance Futures mobile app includes:
An easy to navigate interface
A great charting tool
Built-in custom indicators
Multiple order types
Multiple time frames and more
The Binance Futures customer support team is quite efficient and highly trained. They are available 24/7 although getting a reply from them at certain times of the day might take a while, depending on their workload.
The Important question: Is Binance Safe?
We are talking cryptocurrencies, so security is very important. Binance know's this, that's why they have all cryptocurrency on cold storage for most parts of the day.
SAFU - Secure Asset Fund for Users
In the event of an hack or malfunction, Binance keeps a huge fund called SAFU that's growing by the minute to reimburs any funds. This is one of the KEY elements that make Binance one of the safest exchanges to buy or store your cryptocurrency on.
In short, our opinion is that Binance is one of the safest cryptocurrency platforms out there.
"Binance Futures is safe, liquid and fast with great customer support. There is also great mobile APP available.
Binance Futures is officially SlaBet Approved. The conclusion in this review was quite easy."
Does not accept U.S based Customers
Accepts only USDT deposit
Does not currently support fiat currency
Zhao is the face of Binance, and one of the best-known public figures in the crypto industry. CZ regularly appears in different podcasts, events, magazines, and news sites, and his opinion is highly respected in crypto circles – which has helped Binance grow into one of the most trusted exchanges.