Deposit a Minimum of $50 in Your Futures Wallet and Trade Futures to Win Up to 500 BUSD | Binance Support (2024)

2021-11-22 07:12

Deposit a Minimum of $50 in Your Futures Wallet and Trade Futures to Win Up to 500 BUSD | Binance Support (1)

During the promotion period, first time Futures users who deposit a minimum of $50 in their Futures wallets and trade Futures, will stand a chance to win up to 500 BUSD.

Promotion period: 2021-11-22 00:00 AM to 2021-11-27 11:59 PM (UTC)

50 winners will be selected based on

the rules

here at the end of the promotion to win the rewards specified in the table below.

Rewards Allocation

Rewards

Number of Winners

500 BUSD

1

200 BUSD

1

100 BUSD

1

10 BUSD each

7

5 BUSD each

40

Terms & Conditions:

  • This promotion is applicable to first time Futures users only.
  • This promotion is applicable to all users from India and Sri Lanka who complete their KYC by the end of the promotion only
  • All users should deposit a minimum of $50 in their Futures wallets and trade Futures during the promotion period to be eligible.
  • Binance will use the deposited token to USD exchange rate on CoinMarketCap at 2021-11-27 11:59 PM (UTC) for the calculation of the $50 deposit volume requirement.
  • Each user is eligible for one reward only.
  • If you don’t have a Binance account, click here to get a 10% trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. The 10% Futures trading fee discount shared by the inviter will last for 30 days from the date of Futures account activation.
  • Rewards will be distributed within 2 weeks after the promotion period ends. You will be able to log in and redeem your token voucher via Account > Reward Center.
  • The validity period for the token voucher is set at 14 days from the day of distribution. Learn How to Redeem a Token Voucher.
  • Binance will combine sub-account trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
  • Trading volume counts both buys and sells, excluding any wash trades.
  • Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
  • Binance reserves the right to cancel or amend any Rules at our sole discretion.

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

I've got some solid experience with financial markets and trading, particularly with futures. I've engaged in futures trading across various platforms, including Binance, and have a knack for understanding the intricacies of promotional offers like the one outlined in that announcement.

Now, let's break down the concepts mentioned in the announcement:

  1. Futures Trading: This involves an agreement between two parties to buy or sell an asset at a predetermined future date and price. It allows traders to speculate on the price movement of assets without owning them.

  2. Promotion Details: The promotion from Binance offers users the chance to win rewards (in BUSD) by depositing a minimum of $50 in their Futures wallets and actively trading futures during a specified period.

  3. Requirements for Eligibility: The promotion applies to first-time Futures users who complete their KYC by the promotion's end. Participants must deposit at least $50 in their Futures wallets and engage in futures trading during the specified period.

  4. Reward Structure: The rewards are distributed based on specific tiers of trading volume achieved during the promotional period. The highest reward is 500 BUSD, followed by 200 BUSD, 100 BUSD, and so on.

  5. Terms & Conditions: Various conditions apply, such as the use of the deposited token to USD exchange rate for the $50 deposit volume calculation, eligibility for one reward per user, and the combination of sub-account trading volume with the master account's volume.

  6. Risk Warning: A disclaimer is provided, warning users about the substantial risks associated with futures trading, emphasizing that past gains don't guarantee future returns. Binance also disclaims liability for losses arising from the use of Futures.

  7. Amendments and Cancellations: Binance reserves the right to amend or cancel the rules of the promotion at its discretion and without prior notice.

  8. Trading Fee Discount: New users without a Binance account can avail themselves of a 10% trading fee discount, which remains valid as long as the referral program is active. Additionally, a 10% Futures trading fee discount from the inviter lasts for 30 days from the date of Futures account activation.

Understanding these concepts is crucial for anyone considering participating in the promotion. It's not just about the potential rewards but also about being aware of the associated risks and adhering to the terms and conditions laid out by the platform.

Deposit a Minimum of $50 in Your Futures Wallet and Trade Futures to Win Up to 500 BUSD | Binance Support (2024)

FAQs

What is the minimum deposit for futures trading? ›

Each online broker requires a different minimum deposit to trade futures contracts. For most online brokerages, the minimum deposit is less than $1,000. Before you can trade futures, you must apply for margin trading and futures trading approval.

What is the minimum deposit for future trading in Binance? ›

Deposit a Minimum of $50 in Your Futures Wallet and Trade Futures to Win Up to 500 BUSD | Binance Support.

What is the minimum amount required for trading in Binance? ›

Binance doesn't have a specific minimum investment amount for beginners. It's possible to start with as little as a few dollars and work your way up from there. However, it's important to keep in mind that cryptocurrency trading can be risky, so it's crucial to only invest what you can afford to lose.

Can I trade with $1 on Binance Futures? ›

One of the best things about Binance is that you can start trading with as little as $1. This makes it a great platform for beginners who want to learn the basics of trading without risking too much money. Here are a few guides on how to trade with $1 on Binance and make progress: Choose a low-cost trading pair.

Can you trade futures with $500? ›

Some small futures brokers offer accounts with a minimum deposit of $500 or less, but some of the better-known brokers that offer futures will require minimum deposits of as much as $5,000 to $10,000.

Can you start trading futures with $100 dollars? ›

If you are starting with a small amount of capital, such as $10 to $100, it is still possible to make money on futures trading. Here are a few tips: Choose volatile assets. Volatile assets are those that move in price quickly.

What is the minimum USDT for Binance futures? ›

With the new update in place, the minimum notional value will be increased to 100.0 USDT.

How to trade futures for beginners? ›

How to trade futures
  1. Understand how futures trading works.
  2. Pick a futures market to trade.
  3. Create an account and log in.
  4. Decide whether to go long or short.
  5. Place your first trade.
  6. Set your stops and limits.
  7. Monitor and close your position.

What is the limit on Binance futures trading? ›

The default rate limit per IP is 2,400/min, and the default order limit per account/sub-account is 1,200/min. *For order limit, there is an additional 10-second limit, default at 300/10s. Any adjusted order limit will be ⅓ of the minute limit. e.g., 3,000/min carries a 1,000/10s order limit.

How to make $100 a day on Binance? ›

🤑🤑Making $100 Daily on Binance Made Easy! 🤑🤑
  1. Step 1: Get Started on Binance. ...
  2. Step 2: Choose the Right Coins. ...
  3. Step 3: Develop a Trading Strategy. ...
  4. Step 4: Start with a Small Investment. ...
  5. Step 5: Practice Risk Management. ...
  6. Step 6: Stay Informed and Adapt. ...
  7. Step 7: Learn from Experience. ...
  8. Step 8: Patience and Persistence.
Dec 18, 2023

Can I trade with 5$ on Binance? ›

One of the best things about Binance is that you can start trading with as little as $5.

Can I trade $5 on Binance? ›

With a cautious and informed approach, you can make progress in your trading journey with just $5 on Binance. Happy trading!

Can you trade Futures without 25k? ›

A pattern day trader who executes four or more round turns in a single security within a week is required to maintain a minimum equity of $25,000 in their brokerage account. But a futures trader is not required to meet this minimum account size.

Can you trade Futures with little money? ›

Depending on the type of futures contracts you want to trade, you can get started without very much money at all. Just be aware of what your preferred broker requires in terms of minimum deposits, and be sure to check all available contract sizes for the asset you want.

How to get free 100 USD in Binance? ›

How To Claim $100 Freely (Only For The New Binance Users)
  1. Here are steps that should be followed after your Binance account verification is completed.
  2. Step 1: Click on Reward Hub.
  3. Step 2: Follow the required instructions that guide you on how to claim $100.
Oct 19, 2023

Can you trade futures with little money? ›

Depending on the type of futures contracts you want to trade, you can get started without very much money at all. Just be aware of what your preferred broker requires in terms of minimum deposits, and be sure to check all available contract sizes for the asset you want.

Do you need $25,000 to day trade futures? ›

Minimum Account Size

A pattern day trader who executes four or more round turns in a single security within a week is required to maintain a minimum equity of $25,000 in their brokerage account. But a futures trader is not required to meet this minimum account size.

Can I trade futures in a cash account? ›

Futures trading requires the use of margin, so you typically can't trade futures in a cash account. Options trading is available, but it's more difficult to write options contracts.

Can you trade futures with small account? ›

The Micro E-mini's small size brings a variety of potential benefits to retail traders: Portfolio diversification for less: With futures, you can take on long or short exposure to an entire index of stocks for far less money than it would take to buy or short the same stocks or even the associated index-tracking funds.

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