Is binance reliable to trade bitcoin futures?
- Thread starter ssp729
- Start date
Yes I have checked. I also checked their volatility difference. The easiest trick a bucket shop can pull is to let you hang yourself with high leverage in a volatile instrument.
And what? Don't know how to trade volatile markets - don't trade. It doesn't make the most reputable exchange bucket shop, just because you haven't learned how to manage risk properly. Ever worked in institutional setting? If you were, you wouldn't shit your pants seeing 125x.
Yes, Sir!!! Will not trade it, according to your order!
Oh boy, you may wonder why normal brokerages don't offer such leverage...
You haven't answered [possibly intentionally] to this:
"Ever worked in institutional setting? If you were, you wouldn't shit your pants seeing 125x.".
And yes, every "normal brokerage" offer "such" leverage, it's just not offered for any random idiot, who has not learned how to manage risk. Go back to your playground.
Are US residents allowed to use binance?
Please do your research before you make unsubstantiated claims.
"There are a number of regulated fiat-crypto exchanges using the Binance brand and technology, including Binance Singapore, Binance.US, Binance Jersey, etc. All of these are independently operated and fully compliant with their local regulations. There is, of course, the Binance.com global centralized exchange."
Again - BINANCE IS A REGULATED EXCHANGE. Learn it and stop claiming otherwise. It's embarrassing.
What are you talking about? 100X leverage is available in forex markets. Didn't you know that?
What is wrong with the 'traders' who can't figure out their own way around crypto markets so simply make up unsubstatiated nonsense? Many exchanges are fully regulated, especially using KYC/AML and local regs.
The good exchanges have set up very sophisticated deleveraging engines that ensure that traders aren't screwed by bad actors. You can study their systems and see if they are secure enough for you at what levels. See how they handled past hacks. Learn what their real reputation is in the crypto world. See how transparent they are. See how large their operations are and how sophisticated their engines are (this is a sign of how likely they are to remain and not to do an exit scam). Binance has hundreds of employees, everyone knows the owners names (they are billionaires now, so why would they possibly steal a bunch of crypto to be eternal fugitives from the law - they're making massive amounts of money legitimately).
The good exchanges have set up very sophisticated deleveraging engines that ensure that traders aren't screwed by bad actors. You can study their systems and see if they are secure enough for you at what levels. See how they handled past hacks. Learn what their real reputation is in the crypto world. See how transparent they are. See how large their operations are and how sophisticated their engines are (this is a sign of how likely they are to remain and not to do an exit scam). Binance has hundreds of employees, everyone knows the owners names (they are billionaires now, so why would they possibly steal a bunch of crypto to be eternal fugitives from the law - they're making massive amounts of money legitimately).