Sign up using my referral link and complete the tasks to receive a $1,000 WAL Earn Trial Fund + $2–$5 in WAL token rewards (limited). https://www.binance.com/activity/trading-competition/apr-referral-ranking?ref=1063922874$BNB $BNB $ETH #freedomofmoney #FedNomineeHearingDelay #freedomofmoney FOLLOWING
$BTC $BNB Sign up using my referral link and complete the tasks to receive a $1,000 WAL Earn Trial Fund + $2–$5 in WAL token rewards (limited). https://www.binance.com/activity/trading-competition/apr-referral-ranking?ref=1063922874
$BTC $BNB Sign up using my referral link and complete the tasks to receive a $1,000 WAL Earn Trial Fund + $2–$5 in WAL token rewards (limited). https://www.binance.com/activity/trading-competition/apr-referral-ranking?ref=1063922874
“Write to Earn” Open to All — Earn Up to 50% Commission + Share 5,000 USDC!
To celebrate the “Write to Earn” Promotion now open to all creators on Binance Square, every KYC-verified user can automatically enjoy the benefits—no registration required! Join our limited-time celebration and earn double rewards when you post on Binance Square: ✅ Up to 50% trading fee commission ✅ Share a limited-time bonus pool of 5,000 USDC! Activity Period: 2026-02-09 00:00 (UTC) to 2026-03-08 23:59 (UTC) *This is a general campaign announcement and products might not be available in your region. 1. New Creator Kickoff (3,000 USDC Pool) 👉 Eligible Participants: New users participating in Write to Earn for the first time, and creators with cumulative Write to Earn earnings of 0 USDC 💰 Rewards:
2. Active Creator Sprint (1,500 USDC Pool) 👉 Eligible Participants: All Write to Earn participants 💰 Rewards:
3. Top Content Rewards (500 USDC Pool) 👉 Eligible Participants: All Write to Earn participants 💰Rewards for Top 10 Single-Content Earnings:
Zero entry threshold, effortless content monetization — Don’t wait, start earning now! For More Information Pro Tips to Boost Your Write to Earn RewardsFrequently Asked Questions on Binance Square “Write to Earn” Promotion Terms and Conditions This Promotion may not be available in your region. Only Binance Square creators who complete account verification (KYC) will be eligible to participate in this Promotion, except those who are in countries which have specific Binance Product blocks.Participants must comply with the Write to Earn Promotion terms and conditions. Users can earn rewards simultaneously in Activities 1, 2, and 3. In Activity 3, the same user can receive multiple rewards. For Activities 1 and 2, each user’s individual reward is capped at 5 USDC respectively.If your content generates any commission on a given day, you will receive a Square Assistant notification the next day with the detailed amount. Please note that rewards will be distributed on a weekly basis, by the following Thursday at 23:59 (UTC). Once you accumulate at least 0.1 USDC of commission rewards each week, Binance Square will update your weekly performance on the promotion page by the following Thursday at 23:59 (UTC). The Binance Square team will review all content for compliance with campaign guidelines and select final winners according to campaign rules.All 5,000 USDC rewards will be distributed in the form of USDC token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Guidelines or Binance Square Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Disclaimer: Content on Binance Square includes information, views and opinions posted by Users and or other third parties, which may be sponsored. Content on Binance Square may also include AI generated content with the use of Binance AI or User AI in User Content, subject to the AI Policy. Content on Binance Square may be original or sourced, or in combination. Such content is presented to viewers on an “as is” basis for general information purposes only, without representation or warranty of any kind. Such content is not to be used or considered as any kind of advice. Insights and opinions expressed in these content belong to the relevant poster and do not purport to reflect the views of Binance. Content on Binance Square, is not intended to be and shall not be construed as an endorsement by Binance of such views or a guarantee of the reliability or accuracy of such content. Viewers and users are reminded to do your own research (DYOR). Furthermore, the content and Binance Square’s availability is not guaranteed. Digital asset prices vary in volatility. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning, and Binance Square Terms.
Starting February 18, we're launching a 7-day Ramadan Calendar featuring daily activities, community challenges, and charity-focused initiatives.
Each day unlocks something new. Some days it's a challenge or a moment to give back. Every day is a chance to connect with the global community on Binance during the Holy Month.
Get ready for 7 days of activities, community initiatives, and more than $750K in Ramadan-themed rewards.
Notice of Removal of Spot Trading Pairs - 2026-02-13
This is a general Binance Exchange Notice. Products and services referred to here may not be available in your region. Fellow Binancians, To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume. Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs: At 2026-02-13 08:00 (UTC): AT/BNB, AVAX/BNB, BANANA/BTC, COTI/BTC, FF/BNB, HIVE/BTC, IO/BNB, LRC/BTC, MANA/BTC, SAGA/BNB, W/FDUSD, XPL/BNB and ZK/BTC Please Note: The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair's base and quote assets on other trading pair(s) that are available on Binance.Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs at 2026-02-13 08:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For More Information: Binance Delisting Guidelines & Frequently Asked QuestionsHow to View Delisting Information for Tokens & Spot Trading Pairs on Binance Thank you for your support! Binance Team 2026-02-12
Brevis is a zero-knowledge (ZK) coprocessor that enables smart contracts to access and compute historical and omnichain data in a completely trust-free manner.
Traditional blockchains tend to struggle with heavy computations or accessing historical data without sacrificing security or incurring high costs.
Brevis is designed to offload these intensive tasks to an off-chain network (ProverNet). It verifies the results on-chain using succinct ZK proofs.
BREV is the native utility token used for proof fees, prover staking, governance, and eventually as gas for the planned Brevis rollup.
Introduction
When it comes to decentralized applications (DApps), smart contracts generally can’t access historical blockchain data or data from other chains without relying on oracles and other trusted intermediaries. Also, performing complex calculations directly on Ethereum or other Layer-1 networks can be relatively expensive.
Brevis aims to solve these scalability and interoperability limitations by introducing a Zero-Knowledge (ZK) Coprocessor. Just as a computer uses a GPU to handle heavy graphics processing alongside the CPU, Brevis sits alongside a blockchain to handle heavy data processing. It allows developers to build data-driven DApps that can utilize arbitrary data across multiple blockchains without having to add new trust assumptions.
How Does Brevis Work?
Brevis operates by separating computation from verification. It moves heavy computational workloads off the main blockchain into a specialized environment, processes the data, and returns a cryptographic proof attesting to the accuracy of the result.
The ZK Coprocessor Model
In the Brevis architecture, the smart contract on the main chain (e.g., Ethereum) requests a specific computation or data query. Brevis processes this request off-chain and generates a Zero-Knowledge Proof (ZKP). This proof is then submitted back to the smart contract, which can cryptographically verify that the computation was performed correctly without having to re-execute the work itself.
ProverNet
The engine powering this system is ProverNet, a decentralized marketplace of provers. These participants compete to generate proofs for requested computations. The system is currently deployed on the Base blockchain but is designed to migrate to a dedicated Brevis rollup in the future. ProverNet ensures that the generation of proofs is decentralized, secure, and competitively priced.
Key Features
Brevis introduces several architectural innovations designed to expand the capabilities of Web3 applications:
Omnichain data access: The platform allows DApps to access and use on-chain data from different blockchains. This enables use cases such as cross-chain reputation systems, historical liquidity analysis, and multi-chain DeFi logic.
Trust-free verification: By relying on ZK proofs, Brevis eliminates the need to trust the off-chain actors. The destination blockchain verifies the mathematical proof rather than trusting the entity that provided the data.
High-performance zkVM: Brevis uses the Pico zkVM to enable high-speed proof generation, aiming to make off-chain compute efficient enough for real-time applications.
The BREV Token
The BREV token is the native utility and governance asset of the Brevis ecosystem. It’s designed to align incentives between developers, users, and the provers who secure the network.
Token utility:
Proof fees: Developers and DApps pay fees in BREV to request and verify zero-knowledge proofs within the ProverNet system.
Staking and security: Participants operating as provers in the network are required to stake BREV. This stake serves as collateral; if a prover acts maliciously or fails to deliver, their stake can be penalized (slashed), ensuring network integrity.
Governance: BREV holders can participate in the governance of the protocol, influencing decisions regarding incentive structures and ecosystem development.
Future gas token: While ProverNet initially launched on Base, the roadmap includes a migration to a dedicated Brevis rollup. Upon this migration, BREV is intended to serve as the native gas token for the network.
Tokenomics
Brevis has a fixed total supply of 1,000,000,000 (1 billion) BREV tokens. The project has emphasized community and ecosystem growth in its allocation strategy.
Token allocation
Ecosystem Growth: 37%
Community Incentives: 32.20%
Team: 20%
Seed Investors: 10.80%
Brevis on Binance HODLer Airdrops
On January 5, 2026, Binance announced BREV as the 60th project on the Binance HODLer Airdrops. Users who subscribed their BNB to Simple Earn and/or On-Chain Yields products from December 17 to 19 were eligible to receive BREV airdrops. A total of 15 million BREV tokens were allocated to the program, accounting for 1.5% of the total token supply at genesis.
BREV was listed with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, and TRY pairs.
Closing Thoughts
Brevis is focused on blockchain infrastructure designed for modularity, where specific tasks like heavy computation are offloaded to specialized layers. By leveraging Zero-Knowledge technology, Brevis provides a "coprocessor" that allows smart contracts to see and compute more data without sacrificing decentralization.
Further Reading
What Are Zk-Rollups? The Layer-2 Scalability Technique
What Is ZKsync and How Does It Work?
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Brevis is a zero-knowledge (ZK) coprocessor that enables smart contracts to access and compute historical and omnichain data in a completely trust-free manner.
Traditional blockchains tend to struggle with heavy computations or accessing historical data without sacrificing security or incurring high costs.
Brevis is designed to offload these intensive tasks to an off-chain network (ProverNet). It verifies the results on-chain using succinct ZK proofs.
BREV is the native utility token used for proof fees, prover staking, governance, and eventually as gas for the planned Brevis rollup.
Introduction
When it comes to decentralized applications (DApps), smart contracts generally can’t access historical blockchain data or data from other chains without relying on oracles and other trusted intermediaries. Also, performing complex calculations directly on Ethereum or other Layer-1 networks can be relatively expensive.
Brevis aims to solve these scalability and interoperability limitations by introducing a Zero-Knowledge (ZK) Coprocessor. Just as a computer uses a GPU to handle heavy graphics processing alongside the CPU, Brevis sits alongside a blockchain to handle heavy data processing. It allows developers to build data-driven DApps that can utilize arbitrary data across multiple blockchains without having to add new trust assumptions.
How Does Brevis Work?
Brevis operates by separating computation from verification. It moves heavy computational workloads off the main blockchain into a specialized environment, processes the data, and returns a cryptographic proof attesting to the accuracy of the result.
The ZK Coprocessor Model
In the Brevis architecture, the smart contract on the main chain (e.g., Ethereum) requests a specific computation or data query. Brevis processes this request off-chain and generates a Zero-Knowledge Proof (ZKP). This proof is then submitted back to the smart contract, which can cryptographically verify that the computation was performed correctly without having to re-execute the work itself.
ProverNet
The engine powering this system is ProverNet, a decentralized marketplace of provers. These participants compete to generate proofs for requested computations. The system is currently deployed on the Base blockchain but is designed to migrate to a dedicated Brevis rollup in the future. ProverNet ensures that the generation of proofs is decentralized, secure, and competitively priced.
Key Features
Brevis introduces several architectural innovations designed to expand the capabilities of Web3 applications:
Omnichain data access: The platform allows DApps to access and use on-chain data from different blockchains. This enables use cases such as cross-chain reputation systems, historical liquidity analysis, and multi-chain DeFi logic.
Trust-free verification: By relying on ZK proofs, Brevis eliminates the need to trust the off-chain actors. The destination blockchain verifies the mathematical proof rather than trusting the entity that provided the data.
High-performance zkVM: Brevis uses the Pico zkVM to enable high-speed proof generation, aiming to make off-chain compute efficient enough for real-time applications.
The BREV Token
The BREV token is the native utility and governance asset of the Brevis ecosystem. It’s designed to align incentives between developers, users, and the provers who secure the network.
Token utility:
Proof fees: Developers and DApps pay fees in BREV to request and verify zero-knowledge proofs within the ProverNet system.
Staking and security: Participants operating as provers in the network are required to stake BREV. This stake serves as collateral; if a prover acts maliciously or fails to deliver, their stake can be penalized (slashed), ensuring network integrity.
Governance: BREV holders can participate in the governance of the protocol, influencing decisions regarding incentive structures and ecosystem development.
Future gas token: While ProverNet initially launched on Base, the roadmap includes a migration to a dedicated Brevis rollup. Upon this migration, BREV is intended to serve as the native gas token for the network.
Tokenomics
Brevis has a fixed total supply of 1,000,000,000 (1 billion) BREV tokens. The project has emphasized community and ecosystem growth in its allocation strategy.
Token allocation
Ecosystem Growth: 37%
Community Incentives: 32.20%
Team: 20%
Seed Investors: 10.80%
Brevis on Binance HODLer Airdrops
On January 5, 2026, Binance announced BREV as the 60th project on the Binance HODLer Airdrops. Users who subscribed their BNB to Simple Earn and/or On-Chain Yields products from December 17 to 19 were eligible to receive BREV airdrops. A total of 15 million BREV tokens were allocated to the program, accounting for 1.5% of the total token supply at genesis.
BREV was listed with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, and TRY pairs.
Closing Thoughts
Brevis is focused on blockchain infrastructure designed for modularity, where specific tasks like heavy computation are offloaded to specialized layers. By leveraging Zero-Knowledge technology, Brevis provides a "coprocessor" that allows smart contracts to see and compute more data without sacrificing decentralization.
Further Reading
What Are Zk-Rollups? The Layer-2 Scalability Technique
What Is ZKsync and How Does It Work?
What Is Zero-knowledge Proof and How Does It Impact Blockchain?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Cryptocurrency trading involves buying and selling digital assets on exchanges to speculate on price movements.
To start trading, you need to choose a reliable exchange, create and verify an account, and understand core concepts like trading pairs, order types, and spot trading.
Common trading strategies include day trading, swing trading, scalping, and long-term holding (HODLing).
Risk management, including position sizing and stop-loss orders, is central to any trading approach.
Cryptocurrency has attracted a wide range of participants worldwide, from retail traders to financial institutions. For beginners, the terminology, strategies, and fast-moving markets can be daunting. This guide walks you through the fundamentals of how to trade cryptocurrency, covering how to get started, key concepts, trading strategies, and how to manage risk.
What Is Cryptocurrency Trading?
Cryptocurrency trading refers to buying and selling digital assets on exchanges to speculate on price changes. Unlike traditional markets, crypto markets operate 24/7, giving traders more flexibility but also exposing them to constant price movements.
There are thousands of cryptocurrencies available, but some of the most widely traded include bitcoin (BTC) and ether (ETH). Crypto traders can go long (buying an asset expecting its price to rise) or short (selling an asset expecting its price to fall). Some traders hold positions for days or weeks, while others move in and out of trades within minutes, depending on their strategy and risk tolerance.
You can trade cryptocurrencies against fiat currencies (such as USD or EUR) or against other cryptocurrencies. Spot trading is the most straightforward form, involving the direct exchange of one asset for another at the current market price.
Before Trading Cryptocurrency
1. Learn the basics: Before starting, take time to understand how crypto markets work. Binance Academy's trading articles and educational courses are a useful starting point for building foundational knowledge.
2. Choose a crypto exchange: Choose a reliable and secure cryptocurrency exchange with a proven track record, strong security protocols, and responsive customer support. For newcomers, starting with a centralized exchange is generally recommended. If Binance is available in your region, you are off to a great start. As you gain more experience in crypto trading, you can explore decentralized exchanges (DEXs) at a later stage.
3. Create your account: Creating an account typically involves providing your email, setting a password, and agreeing to the platform's terms. Most exchanges require identity verification (KYC), meaning you will need to submit a government-issued ID and proof of residence before you can trade.
Exchanges often require identity verification (KYC) to ensure security and comply with regulations. You would need to submit a government-issued ID, proof of residence, and any other documents to complete setting up your account.
How to Start Trading Cryptocurrency
1. Fund your account: After creating your account, deposit funds. Most centralized exchanges accept fiat currency via bank transfer or other payment methods. If you already hold crypto, you can transfer it directly to your exchange wallet. Always send each asset to its correct network address; sending crypto to the wrong address can result in permanent loss.
If you happen to own some crypto already, you can deposit it into your exchange account. Remember to always send your coins to the associated address: send Bitcoin to your Bitcoin address, ether to your Ethereum address, and so on. Sending crypto to the wrong addresses may result in permanent losses.
2. Choose a trading pair: Cryptocurrencies are traded in pairs (for example, BTC/USDT or ETH/BTC). The pair tells you which two assets are being exchanged. Crypto-to-fiat pairs (such as BTC/EUR) let you trade a cryptocurrency against a traditional currency. Crypto-to-crypto pairs (such as ETH/BTC) involve two digital assets. Many pairs include a stablecoin (such as USDT) as the quote currency, providing a price benchmark pegged to the US dollar.
3. Check the order book: An order book is a real-time, dynamic list of buy and sell orders placed by traders. It provides a snapshot of the supply and demand for a specific asset at different price levels.
Buy orders (bids) are listed from the highest price down; sell orders (asks) are listed from the lowest price up. Reviewing the order book gives you a sense of supply and demand at the current market price.
Order Book on the Binance App (BNB/USDT).
4. Choose your order type: A market order executes immediately at the best available price. It is the fastest way to enter or exit a position. A limit order lets you set a specific price at which you want to buy or sell. Your order will only execute if the market reaches your specified price. Limit orders give you more control over your entry and exit prices but are not guaranteed to fill.
5. Develop your strategy: Think about what kind of trader you want to be before placing trades. Keeping a trading journal to record your decisions and their outcomes is a practical way to identify patterns in your approach and improve over time.
Popular Trading Strategies
There are many approaches to crypto trading, each with different time horizons, risk profiles, and levels of complexity.
Day trading
Day trading involves opening and closing positions within the same day, often relying heavily on technical analysis. It is time-intensive and requires constant monitoring of the market. See our beginner's guide to day trading for a more detailed introduction.
Swing trading
Swing traders hold positions for days to weeks, aiming to capture medium-term price movements. This approach is generally less demanding than day trading and can suit those who cannot monitor markets continuously. See our guide to swing trading in crypto for more detail.
Scalping
Scalping involves making a large number of short-term trades to capture small price movements repeatedly, often within minutes. It requires significant focus and fast execution. For a full breakdown, see our article on scalping trading in cryptocurrency.
HODLing
Long-term holding, commonly referred to as HODLing, involves buying and holding an asset for an extended period rather than actively trading. It is typically a lower-stress approach that does not require constant market monitoring, though it carries the same market risk as any crypto position. Past price performance of any asset does not guarantee future results.
Technical Analysis (TA)
Technical analysis involves studying price charts and using indicators to anticipate potential future price movements. It is one of the primary tools traders use to time entries and exits.
Candlestick charts display the open, high, low, and close prices (OHLC) for a given time period. Each candle represents one time period, such as one hour or one day. The body shows the range between the open and close, while the wicks indicate the high and low. Reading candlestick patterns is a foundational skill in technical analysis.
Support and resistance
Support refers to a price level where buying interest has historically been strong enough to prevent further declines. Resistance refers to a level where selling pressure has historically limited further gains. These levels are commonly used to identify potential entry and exit points.
Technical indicators
Traders use indicators to add context to price data. Commonly used examples include moving averages (which smooth price data to identify trend direction), Bollinger Bands (which measure volatility around a moving average), the Relative Strength Index (which gauges whether an asset may be overbought or oversold), and the MACD (which tracks momentum and trend changes). Each indicator has strengths and limitations, and most traders use several in combination rather than relying on one alone.
Fundamental Analysis (FA)
Fundamental analysis focuses on assessing the underlying value of a cryptocurrency by examining its technology, use case, development team, tokenomics, and adoption trends. Rather than reading price charts, FA asks whether a project has genuine utility and long-term viability.
In crypto, FA may also involve reviewing on-chain data (such as the number of active addresses and transaction volume), project roadmaps, developer activity, and the broader competitive landscape of the sector the project operates in.
Risk Management in Cryptocurrency Trading
Risk management refers to identifying the financial risks involved in trading and taking steps to limit potential losses. The following are some widely used approaches.
Limit your losses
Only allocate funds you can afford to lose. Use stop-loss and take-profit orders to define your exit points in advance. A stop-loss automatically closes a position if the price moves against you by a set amount, limiting downside. A take-profit closes the position once a target price is reached, locking in a gain.
Have an exit strategy
Plan your exit before entering a trade. Setting price targets and maximum loss thresholds before opening a position removes some of the emotion from trading decisions. As a general principle, once you have a plan, follow it rather than adjusting it under the influence of market movements.
Diversification
Holding a range of different assets rather than concentrating in a single position can reduce the impact of any one asset's price movement on your overall portfolio. Regularly reviewing and rebalancing your positions keeps allocations in line with your intended risk level.
Hedging
More experienced traders sometimes use hedging to offset risk in an existing position by taking an opposing position in a correlated asset. Options contracts, for example, can be used to protect against downside in a long position. Hedging involves additional cost and complexity, and is generally more suited to traders who already have a solid foundation.
What Is the Safest Trading Strategy for Beginners?
There is no single strategy that is universally safe. Many beginners start with longer time-frame approaches such as swing trading or long-term holding (HODLing) because they require less active monitoring than day trading or scalping. Regardless of strategy, risk management practices such as stop-loss orders and appropriate position sizing apply to all trading approaches.
Closing Thoughts
Cryptocurrency trading offers exciting opportunities but comes with its own set of risks and challenges. By understanding the fundamentals, choosing a reliable exchange, and implementing effective risk management strategies, traders can navigate the volatile market with more confidence. Whether you're starting with long-term holding or exploring active strategies, developing a disciplined approach will help you stay focused and improve your chances of success.
Further Reading
What Is Technical Analysis?
What Is Swing Trading in Crypto?
Crypto Day Trading vs. HODLing: Which Strategy Is Best for You?
A Beginner's Guide to Candlestick Charts
Stop-Loss and Take-Profit Orders Explained
Disclaimer: This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
Disclaimer: This content is for general information and educational purposes only. Products mentioned in this article may not be available in your region.
Key Takeaways
Binance Futures now offers Gold (XAUUSDT) and Silver (XAGUSDT) contracts, expanding beyond cryptocurrencies.
These 24/7 contracts have lower entry barriers than traditional markets.
Traders can use leverage for greater exposure, though this requires careful risk management.
Introduction
Historically, trading precious metals meant navigating complex institutional markets with high costs and limited hours. Binance Futures changes this by offering Gold (XAU) and Silver (XAG) contracts. This integration allows users to trade traditional value stores with the flexibility of crypto technology.
What Are Gold and Silver Futures on Binance?
On Binance, gold and silver are traded as USDT-margined perpetual contracts. This means that while the price tracks the real value of ounces of gold or silver, the settlement is conducted in the stablecoin USDT.
Gold Futures: Ticker XAUUSDT
Silver Futures: Ticker XAGUSDT
Unlike physical settlement, where a trader might eventually take delivery of the metal, these contracts are cash-settled. Traders speculate on the price movements of the metals without needing to worry about storage, insurance, or logistics.
In other words, when you trade these contracts on Binance, you are not buying physical bars of gold or silver. Instead, you are trading a digital contract that tracks the real-world price of the metal.
The concept is simple: If you think the price will go up, you buy (Long). If you think the price will go down, you sell (Short). All profits and losses are paid in USDT.
Benefits of Trading Metals on a Crypto Exchange
The digitization of commodity trading offers several improvements over the "old way" of trading futures.
1. 24/7 market access
Old-school commodity markets have opening and closing times, and they take weekends off. If major political or economic news breaks on a Saturday, traditional traders are stuck until Monday morning. On Binance, the market is open 365 days a year. If news breaks at 3:00 AM on a Sunday, you can react and trade immediately.
2. Lower barriers to entry
In traditional markets, a single futures contract for gold is very expensive. It often requires thousands of dollars just to open a trade. This keeps most regular people out. Binance Futures allows you to trade fractions of an ounce, so you can start with a small amount of capital.
3. Leverage
Futures contracts allow traders to gain exposure to larger positions with a smaller amount of upfront capital (margin). While leverage varies by asset and market conditions, it allows for capital efficiency. For example, using 10x leverage means a trader can control $10,000 worth of gold contracts with roughly $1,000 of margin.
Understanding Funding Rates
If you are new to crypto futures, the concept of Funding Rates might sound confusing, but it’s actually quite simple. Since these futures contracts never expire (you can hold them forever), the system needs a way to make sure the contract price stays close to the real price of gold.
The funding payment: This is a payment exchanged between traders (buyers and sellers) every few hours. Note that this is not a fee paid to the exchange.
The opportunity: If the funding rate is positive, longs pay shorts. If negative, shorts pay longs. In certain market trends, holding a position (such as a short during a period of high bullish sentiment) may result in the trader earning passive income from these funding fees.
Risk Management
Trading these assets is easier than ever, but that means you can lose money faster than ever, too.
Leverage risk: Remember that leverage is a multiplier. If you use high leverage, a tiny price drop can wipe out your entire account. Example: If you use 20x leverage, and the price of gold drops by just 5%, you can lose 100% of your money. This is called forced liquidation.
Market volatility: While gold is generally considered a stable "safe haven" asset, the crypto-derivative markets can be volatile.
How to stay safe
To stay safe, traders often employ risk management strategies, including:
Setting strategic stop-loss orders to cap potential losses.
Managing position size to ensure account longevity.
Avoiding excessive leverage.
How to Trade Gold and Silver on Binance Futures
1. Log in to your Binance account, navigate to the [Futures] tab, then go to [USD(S)-M Futures].
Note: this product may not be available in certain regions.
2. Next, open the drop-down menu and search for XAUUSDT (for gold) or XAGUSDT (for silver).
You can also find these and other contracts under the [TradFi] category.
3. At the bottom right, you can check your Futures account balance. If your balance is zero, you can use the [Transfer], [Buy Crypto], or [Swap] features to add funds.
If this is your first time using Binance Futures, you will be required to open a Future Account.
You may also be required to complete a Futures Quiz before getting started.
4. When you are ready, you can use the order panel to buy or sell futures contracts.
5. If you click or tap [Cross] at the top right, you can switch between Cross Mode and Isolated Mode.
The Cross Margin Mode will consider all the assets in your futures account and all futures positions when calculating your margin and liquidation levels. This means that your open positions can affect each other, even if they are in different assets. For example, your gold position could be liquidated to cover losses on your silver position, even though they are different trading pairs.
The Isolated Margin Mode allows you to manage your risk on individual positions by restricting them to a specific asset. This means that your isolated position won’t be affected by fluctuations in other open positions you might have.
For more information, check out the following article: What Are Isolated Margin and Cross Margin in Crypto Trading?.
6. At the bottom of your screen, you can check your Positions, Open Orders, Order History, and much more.
For more detailed information, please check the FAQ: Perpetual Futures on Traditional Assets.
Closing Thoughts
The launch of XAUUSDT and XAGUSDT pairs on Binance Futures is closing the gap between traditional finance and the crypto space. Without the common barriers related to capital and trading hours, Binance Futures offers a convenient way to get precious metal exposure. Still, remember to respect the risks and make sure you understand how the product works before getting started with futures trading.
Further Reading
What Are Funding Rates in Crypto Markets?
What Are Isolated Margin and Cross Margin in Crypto Trading?
Bitcoin Spot ETF vs. Bitcoin Futures ETF: What's the Difference?
Disclaimer: This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
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