May 17, · Enter the ticker (BTC for Bitcoin, ETH for Ethereum) for the cryptocurrency you wish to deposit and select it from the drop-down menu. The website will provide you with a deposit address for the cryptocurrency you selected. The address will be a . When you’ve chosen and set up a wallet, withdraw your coins from Binance. Go to the site header and choose “Funds” then “Withdrawals”. Choose TRX from the dropdown menu to buy Tron. Put in the address from your TRX wallet, and how many coins you want to withdraw. Mar 10, · After you’ve deposited some cryptocurrency to Binance, you’ll have to acquire some Tether USDT, % in order to be able to trade TRON contracts with leverage on Binance Futures. After you get your hands on some USDT, head over to the “Wallet” section at the top of the Binance user interface and select “Futures”.
How to trade bitcoin for tron on binanceHow To Trade TRON With Leverage on Binance Futures | CoinCodex
Now go to the right side of the page, and select the coin you deposited earlier. Binance offers a lot of tools and data to help inform your trading. This includes real-time price graphs, price and order history, and limit orders.
Once its price hits this point, Binance will automatically execute your trade buy or sell. Go to the box just below the price graphs. Put in the amount of TRX you want to buy, as well as the price you want to buy it at. Tron has a list of official wallets here , provided by the Tron community. Alternatively, for the highest level of security, you may want to invest in a hardware wallet such as the Ledger Nano S. Choose TRX from the dropdown menu to buy Tron. Put in the address from your TRX wallet, and how many coins you want to withdraw.
Double check the address is correct, and hit Submit. Want to learn more about TRON? Interested in investing in Tron? Skip to content BTC. Build a winning crypto portfolio. Free report teaches how to structure your crypto portfolio, so you can maximize gains and minimize losses.
BTC Bitcoin. ETH Ethereum. BCH Bitcoin Cash. USDT Tether. The process is pretty straightforward, and similar to what you can expect when creating an account on any online platform.
Click on the leverage button to adjust the leverage you will be using. As an example, we have reduced the leverage from 20x to 10x. To start off, it might be a good idea to switch to isolated margin. This gives you less flexibility but can reduce the total amount of losses you can take when having multiple positions open at the same time.
In this example, we will be using a limit order to enter a long position worth 0. The procedure is the same when you are opening an order for your selected cryptocurrency, in this case TRON. We set the limit price at 7, and we are using 20x leverage, so entering this position will require 3.
Of course, you can use stop orders to manage your risk. You can check out this tutorial from Binance to understand how different types of stop orders work and how they can prevent unnecessary losses. In the picture below, you can see an example of an order that has been filled successfully.
This position is worth 0. On the right side of the tab, the position can be closed with either a market order or limit order. While it may be hard to wrap your head around TRON leverage trading at the start, this guide has hopefully made the process a bit easier to understand. Thanks to the user-friendly interface, trading TRON with leverage on the Binance digital asset exchange is relatively simple.
Trade on Binance Futures. Of course, Binance is not the only cryptocurrency exchange that offers leveraged cryptocurrency trading. Create a Binance account First things first - you will need to open an account on the Binance cryptocurrency exchange. We recommend to start with a small amount until you get comfortable with the user interface.