📋 Contents
What is a Binance Futures Account?
A Binance Futures Account is a dedicated sub-account for trading cryptocurrency futures and perpetual contracts. Unlike spot trading, futures trading allows you to use leverage to go long (bullish) or short (bearish), amplifying both potential profits and risks.
Binance offers two main types of futures contracts:
- USD-M Futures (USDT-M): Settled in USDT, highest liquidity, best choice for beginners.
- COIN-M Futures: Settled in cryptocurrency (BTC, ETH, etc.), suitable for advanced users hedging their holdings.
⚠️ Risk Warning: Futures trading involves high risk. Leverage can cause losses exceeding your initial investment. Always understand the risks before trading and start with low leverage.
Step 1: Complete KYC Identity Verification
Before opening a futures account, you must complete KYC (Know Your Customer) verification — a mandatory compliance requirement.
KYC Requirements
- Must be at least 18 years old
- Valid government ID: Passport, National ID, or Driver's License
- Device with a working camera for facial recognition
KYC Verification Steps
- Log in to Binance → Click your avatar → Select "Identity Verification"
- Choose your country and document type
- Upload clear photos of front and back of your ID
- Complete the facial recognition (liveness check)
- Wait for approval (usually 1-30 minutes)
💡 Don't have a Binance account yet? Register with referral code BNAPP for lifetime trading fee discounts!
🎉 New to Binance? Register Now
Use referral code BNAPP and enjoy exclusive fee rebates on every trade!
Register on Binance (Code: BNAPP)Step 2: Apply to Open Your Futures Account
Navigate to Futures
Web: Top navigation → "Derivatives" → "USD-M Futures"
App: Tap "More" → Under Derivatives, tap "Futures" → "USD-M Futures"
Click "Open Futures Account"
If your futures account isn't activated, you'll see the option to open one. Read the Futures Trading Agreement carefully, then click "Continue".
Confirm Your Identity Information
Review your KYC information displayed by the system. If everything looks correct, click "Continue" to proceed to the risk quiz.
Step 3: Complete the Risk Assessment Quiz
Binance requires all new futures users to complete a risk assessment quiz (approximately 10 questions) to ensure you understand the basics of futures trading.
Key Topics Covered
- Leverage: Amplifies both gains and losses proportionally
- Liquidation: Triggered when margin falls below maintenance requirements
- Funding Rate: Periodic fee between long and short traders (every 8 hours)
- Isolated vs Cross Margin: Isolated limits losses to position margin; Cross uses full account balance
💡 No worries if you get answers wrong — the quiz has no attempt limit. The system will show correct answers so you can retake it immediately.
Step 4: Transfer Funds to Your Futures Wallet
After activation, you need to manually transfer funds from your Spot Wallet to your Futures Wallet — they are completely separate.
Transfer Steps
- On the futures page, find the "Transfer" button and click it
- Direction: Spot Wallet → USD-M Futures Wallet
- Select currency (USDT recommended)
- Enter amount → Click "Confirm Transfer" (instant)
Recommended Starting Capital for Beginners
- Learning phase: 100-500 USDT
- Small live trading: 500-2,000 USDT with 1-3x leverage
- Never invest more than you can afford to lose
Step 5: Setting Up Your First Trade
Recommended Trading Pairs
- ✅ BTCUSDT: Highest global liquidity, tightest spreads — best for beginners
- ✅ ETHUSDT: Second-best option, very liquid
- ❌ Avoid: Low-cap altcoin futures (poor liquidity, high slippage)
Leverage Settings
- 🟢 Beginners: 1-3x (most risk-controlled option)
- 🟡 Intermediate: 5-10x (requires strict stop-loss discipline)
- 🔴 Avoid: 20x+ (extreme liquidation risk)
Margin Mode
- Isolated Margin: Each position has its own margin; liquidation losses limited to position margin. Recommended for beginners.
- Cross Margin: All positions share full account balance; can withstand more volatility but liquidation risks entire balance.
Placing Your Order
- Choose direction: Long (Buy) or Short (Sell)
- Select order type: Limit (specify price) or Market (fill immediately)
- Enter quantity or notional value
- Click "Buy/Long" or "Sell/Short" to confirm
- Immediately set Take Profit and Stop Loss in the Positions tab!
💡 Always set a stop-loss before walking away from a position. See our detailed guide: How to Set Stop Loss on Binance →
📱 Start Trading Binance Futures Today
Register with code BNAPP for lifetime fee discounts and full access to futures trading!
Open Binance Account (Code: BNAPP)