When are your positions at risk of getting liquidated? Expand your knowledge and get the latest insights in . The value in minNotional is the minimal order amount in the quote currency (in your case USDT ). When the Funding Rate is positive, longs pay shorts. If youre ready to take the next step and want to buy some bitcoin, take the next step with Binance! Note that Binance accepts crypto or fiat currencies. . Now you have found the trading page you need. Tap the ' Trade ' icon on the bottom of your app screen. You can manually enter the volume you intend to transact or select a percentage of your account balance to be used in a particular transaction. Once you do, you get the option to 'Preview the Conversion'. Sell limit orders allow traders to short the crypto pair when its price reaches a specified level that is higher than the current market price. Blog. On Binance Futures, these can either be Post-Only or Time in Force (TIF) instructions, and they determine additional characteristics of your limit orders. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. We also accept ETH. Use stop losses to prevent liquidation. The withdrawal limits on Binance vary according to the blockchain network that is chosen when withdrawing cryptocurrencies. Ex: BTC-ETH is a coin-pair . 24-hour trading volume is $ 28.41B USD. Click on the Convert option. Day trading is a commonly used trading strategy in stock trading just as well in cryptocurrency. After 1 minute, your order will be recalculated based on the current market price. These order types can be used in the spot market, with margin trading, or in the Binance futures market. Browse through the offers. If you dont have a Binance Smart Chain Wallet, then create a MetaMask wallet using our step-by-step guide. If you click on View Status, it takes you to the Trade History; page. In the above image, the From column displays USDT while the bottom one for To is showing BTC. The trailing stop moves down with the market but stops moving if the market starts going up. It is separated into two, the top section which shows Asks the price traders are willing to sell at at the top and Bids the price traders are willing to buy at at the bottom.