$BTC $ETH $USDC Binance Options are European-style contracts settled in USDT, allowing you to trade call or put options on underlying assets like BTC or ETH.
They offer limited risk for buyers (premium paid) and are ideal for hedging or speculating on crypto price movements. Note that trading involves risks, including potential liquidation for sellers, and you should only trade with funds you can afford to lose. Availability may vary by region.1. Set Up and Activate Your Options Account
Log in to your Binance account (or register if you don't have one) via the app or website.Navigate to [Derivatives] or [Futures] > [Options].If not activated, click [Buy] to trigger the activation popup. Complete any required quiz or verification (e.g., for selling options).Upgrade to enable selling if eligible—pass a quiz on risks.
2. Fund Your Options Wallet
Hover over the wallet icon and select [Options] > [Transfer].Transfer USDT from your Spot Wallet (or Futures Wallet) to your Options Wallet. Enter the amount and confirm.Ensure you have sufficient USDT, as premiums are deducted from here.
3. Access the Trading Interface
From the Options page, select your underlying asset (e.g., BTCUSDT) at the top.View the market: See call/put options, order book, and charts. Customize columns like Bid/Ask, Volume, or Greeks (Gamma, Vega, Theta) via [Preferences].
4. Place a Buy Order (Long Position)
Choose [Call] (if expecting price rise) or [Put] (if expecting price fall).In the Trading Panel, select order type:Best-Bid-Offer (BBO): Auto-uses the best available price.Limit Order: Set your custom price.Enter [Price] (premium per contract) and [Amount] (number of contracts).Click [Buy]. Premium is deducted in USDT; position opens.
5. Place a Sell Order (Short Position, if Enabled)
Select the asset and call/put.Enter [Price] and [Amount], then click [Sell].Premium is credited upon fill. Monitor margin ratio to avoid liquidation— you'll get margin calls if risk increases.Note: Selling may not be available everywhere; check asset icons for support.
6. Manage and Close Positions
Go to [Positions] tab to view open trades, expiration time, and P&L.To close: Click [Close Position], enter sell price, or use market orders.Track history via [Open Orders], [Order History], [Trade History], or [Exercised History] (up to 30 days).At expiration, options auto-exercise if in-the-money; settlement in USDT.
Tips and Risks
Use the app for mobile trading—same steps apply.Practice with demo mode if available.Fees: Check Binance for current trading fees; no mention of specific options fees in guides, but premiums include costs.Risks: Options expire (time decay), volatility affects pricing, and selling can lead to unlimited losses if not managed. Always monitor positions and use stop-limits where possible.
For the latest details, visit Binance's official support or app.
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