Is binance reliable to trade bitcoin futures?

Discussion in 'Crypto Assets' started by ssp729, Apr 11, 2021.

  1. tsznecki

    tsznecki

    I know you crypto, how do you not know this? What crypto product outside of CME(TradFi) doesn't trade 24/7?
     
    #31     Apr 12, 2021
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  2. tsznecki

    tsznecki

    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.
     
    #32     Apr 12, 2021
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  3. Cuddles

    Cuddles

    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.
     
    #33     Apr 12, 2021
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  4. RedDuke

    RedDuke

    Ah, you meant just for crypto not overall. Then yes, cme is not for crypto.
     
    #34     Apr 12, 2021
  5. Fain

    Fain

    Is this not a thread discussing crypto? We're not talking wheat futures here bro.
     
    #35     Apr 12, 2021
  6. Saxio

    Saxio

    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 ..
     
    Last edited: Apr 13, 2021
    #36     Apr 13, 2021
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  7. Saxio

    Saxio

    BTC BREAKING OUT ! NEW HIGHS

    A3D42585-1F61-4B12-AC10-3A2E019A16E0.jpeg E2E1B438-BD87-43F7-8302-75F2A3464867.jpeg
     
    #37     Apr 13, 2021
  8. Saxio

    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
     
    #38     Apr 13, 2021
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  9. zenlot

    zenlot

    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.
     
    #39     Apr 13, 2021
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  10. Saxio

    Saxio

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

    Only $500 margin requirement for daily ranges of up to $5000 and more is absolutely CRAZY, you can get those crazy pumps and dumps
     
    Last edited: Apr 13, 2021
    #40     Apr 13, 2021
    Pekelo likes this.