If you have spot trading experience and want to try futures, this guide walks you through your first trade. sign up for Binance with verification complete, then download the Binance APP.
Preparation
Open Futures Account
Go to "Futures" in the Binance APP. First-time users must complete a brief risk quiz.
Transfer Funds
Move USDT from spot to futures account: Assets > Transfer > Spot to USDT-M Futures.
USDT-M vs. Coin-M
- USDT-Margined: USDT as collateral, P&L in USDT (recommended for beginners)
- Coin-Margined: Crypto as collateral, for long-term holders
Your First Trade
Step 1: Choose a Pair
Select BTC/USDT (best liquidity, ideal for beginners).
Step 2: Set Leverage
Start at 2–3x. Don't use 20x+ right away.
Step 3: Choose Margin Mode
- Cross: Entire futures balance at risk
- Isolated: Only this trade's margin at risk (recommended)
Step 4: Choose Direction
Bullish → Buy/Long. Bearish → Sell/Short.
Step 5: Place Order
Market or limit order. Enter USDT amount. System shows contract quantity and estimated liquidation price.
Step 6: Set Stop-Loss/Take-Profit
Critical step — set your exit levels immediately.
Step 7: Close Position
When ready to exit: Positions page > Close > market or limit close.
Essential Rules
Low Leverage
2–3x is enough. 10x+ in volatile markets leads to quick liquidation.
Always Set Stop-Loss
Like driving without a seatbelt otherwise.
Don't Go All-In
Max 20% of futures account per trade.
Manage Emotions
Don't revenge-trade losses. Don't get greedy with wins.
Practice First
Binance offers futures paper trading with virtual funds. Strongly recommended: practice for several days before using real money.
Summary
Futures mechanics aren't complicated, but risk management is critical. Start with low leverage, small positions, and stop-losses. Paper trade before going live.