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As you are going to short Bitcoin, you can use up to 125x leverage. You can’t lose your wallet balance or more money than your margin.Ĭhoose the isolated margin mode if you are a beginner and don’t want to take much risk or still not sure which one to use.Īfter choosing the margin mode, you need to set your leverage. Cross margin mode is riskier as you can lose your wallet balance in addition to your margin in the event of a liquidation.īut, in isolated mode, your risk is limited to the margin you use (cost) when opening your position. You can use cross or isolated margin mode on Binance. You can also use coin-margined (COIN-M) pairs such as BTC/USD to short Bitcoin.īut, as you think Bitcoin will decrease in value, it is better to hold stablecoins such as USDT and short Bitcoin using USDT or BUSD margined pairs.īefore opening your short position on Binance, you should choose the margin mode and set your leverage. You can short Bitcoin using the BTC/USDT or the BTC/BUSD pair. If you’re going to short Bitcoin using the website, you can click ”USDs-M Futures” under ”Derivatives”.Ĭlick on the transfer icon on the Futures page and transfer USDT or BUSD from your spot wallet to the Futures wallet.
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To short Bitcoin on Binance, first click the Futures tab on the mobile app. Transfer USDT or BUSD to your USDs-M Futures wallet
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If you’ve just opened your Binance account with a fee discount, you do not need to use a different code for your Futures account to receive a fee discount. You may also be required to complete a test regarding risks. If you’re using the website, click USDs-M Futures under the derivatives menu.Įnter the code ”10indirim” and open your Futures account. If you are on mobile, click the Futures tab on Binance’s mobile app to open your Futures account. OPEN BINANCE ACCOUNT Open your Futures account If you don’t have a Binance account yet, simply click the button below or use the referral ID ”WRYOO8BZ” to open your Binance account with a 20% fee discount for spot and a 10% fee discount for futures: To get a 10% fee discount for futures markets, you can enter the code ” 10indirim” when opening your Futures account. After that, you can start opening long and short positions on Binance. Shorting Bitcoin on Binance is quite easy, but you should first open your Futures account.