Is binance reliable to trade bitcoin futures?

[tsznecki]

this would be my guess as CME/CBOE is way behind the curve when it comes to crypto. Binance and bitmex likely trade 24/7 too.

I know you crypto, how do you not know this? What crypto product outside of CME(TradFi) doesn't trade 24/7?

 

[tsznecki]

Would like to hear your arguments why trading at unregulated crypto broker better than trading at the largest and one of the most reputable derivative exchange.

Objective answer: You can trade CME sure, just don't hold over the weekend or you get gap risk.

Realistic answer: You don't have nearly enough capital to trade CME futures.

 

[Cuddles]

I know you crypto, how do you not know this? What crypto product outside of CME(TradFi) doesn't trade 24/7?

simply i don't know what i don't know, and didn't care enough to check before responding. I never dicked around w/crypto futs so guesstimated it followed crypto trading schedules but hedged just in case.

 

[RedDuke]

Better leverage, longer trading hours, more selection of crypto products. Just pull up the product offerings and it will be obvious.

Look at the volumes as well. Binance crushes CME.

Ah, you meant just for crypto not overall. Then yes, cme is not for crypto.

 

[Fain]

Ah, you meant just for crypto not overall. Then yes, cme is not for crypto.

Is this not a thread discussing crypto? We're not talking wheat futures here bro.

 

[Saxio]

the question is does Binance takes the other side of a trade ? Who clears the trades and etc.

they can and do that , pump and dump to make some extra cash , bitmex used to do this as well in the beginning

like I said , when the going gets crazy , their system can’t handle the load and crashes , huge lag then, this problem exists for years , the CEO keeps telling to do something about it ....norhing so far , they have the best rates and you get PAID for adding liquidity with limit orders

it want 100% uptime , go with Bybit , they can handle 100K transactions/seconds , when binance crashed , bybit didn’t give a blink ..

 

[Saxio]

BTC BREAKING OUT ! NEW HIGHS

 

[Saxio]

When Elon Musk announced he had bought loads of BTC , Binance went down for at least 1 hour , can’t remember exactly ,so be careful

 

[zenlot]

So I only need $500 to trade a BTC future? I am IN!!!!

Have you checked how much USD do you need to trade Dow Jones futures (MYM) with brokers like AMP and others? Hint: less than that.

For all others who are debating is Binance ok or not, yes it's more than ok. It's reputable exchange, arguably the biggest out there. Most of haters here are probably the ones who were late in crypto boom and still waiting for BTC and others to crash to prove their point.

 

[Saxio]

Have you checked how much USD do you need to trade Dow Jones futures (MYM) with brokers like AMP and others? Hint: less than that.

For all others who are debating is Binance ok or not, yes it's more than ok. It's reputable exchange, arguably the biggest out there. Most of haters here are probably the ones who were late in crypto boom and still waiting for BTC and others to crash to prove their point.

ok, but the volatility of BTC is a little bit different from the DOW

Only $500 margin requirement for daily ranges of up to $5000 and more is absolutely CRAZY, you can get those crazy pumps and dumps