Advanced trading platform
Trading on Binance is fairly easy and user friendly. There's an impressive cryptocurrency selection available for trading in conjunction with the Bitcoin, Ether, BNB, XRP and Tether trading pairs. Crypto/fiat paris are also available on Binance's fiat markets. Users can choose between the "basic", "classic" and "advanced" interfaces for order book style trading plus margin, peer-to-peer and OTC trading options. For spot trading, users can select between three different interfaces, based on their experience level. The classic interface allows a quick view of market and trading pairs, making it easier to switch pairs. The advanced view gives users access to advanced charting tools. Margin trading is available for selected trading pairs, allowing users to trade with leverage of up to 10x on some coins. Users can choose between cross margin, which risks your entire margin account balance, and isolated margin, which restricts your potential losses to a single trading pair. Binance currently supports three types of trade orders: limit, market, and stop limit orders. Limit orders are executed only at the limit price set by the trader, market orders are executed immediately at the best available market price, while stop limit orders become valid orders only when the price reaches a specified level. Binance Futures, which was launched in 2019, enables traders to speculate on the price of (rather than to purchase and sell) Bitcoin and various popular altcoins, including Bitcoin Cash, Ethereum, Litecoin, Ripple and more. The platform allows leveraged trading of up to 125x, which means that traders can multiply their profits (but also losses) by 125 – more than any other major platform. Binance Futures balances are held separately from users' regular trading accounts and must be funded with Tether (USDT) as collateral. All profits and losses will also be realized in USDT.