Here's a step-by-step tutorial to getting started using Binance Options:
- Log in to your Binance account. If you do not currently have an account, you can easily create one for free and verify your identity.
- Once you've signed into your Binance account, go to [Derivatives] - [Options].
- To register for Binance Options, click [Open Options Account]. Please keep in mind that you must have a confirmed Binance account before you may trade on Binance Options.
- Click [Transfer] to add money to your Options Wallet and confirm after entering the correct amount.
- To open a position, select one of the several [Call] and [Put] choices.
- When you choose a Call or Put option, a [Trading Panel] will appear. You may now explore additional market information by clicking on the arrow or switch trading interfaces by clicking on the candlestick symbol.
- Select [Order Type], insert [Price] and [Amount] in the relevant areas, and then click [Buy]. Congratulations on your new job!
Bottom Line
Why not give it a go now that we've described how to trade Binance Options?
Binance Options allow you the right, but not the responsibility, to purchase or sell an underlying cryptocurrency at a defined price and date. By merely paying the appropriate Options Premium, you gain the same exposure as owning an identical Futures or Spot position. Binance Options are a terrific way to amplify your trading success and boost your portfolio because they have a reduced capital need and predefined losses that are restricted to the options premium.
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