How to Withdraw Cryptocurrency
How can I move money from futures to Binance spot?
Change the transfer destination to your Fiat and Spot Wallet if you want to transfer the available amount in your Futures account to your Fiat and Spot Wallet. Click and enter the amount you want to transfer out.
Is it possible to close my Binance futures account?
Binance has launched the Cooling-off Period option for you to temporarily disable Futures trading to discourage compulsive trading behavior as part of our ongoing effort to encourage safe trading.
Why am I unable to withdraw funds from my Binance account?
If you’ve made any recent modifications to your account, we may need to lock it. We will temporarily limit your ability to withdraw if you have contacted our team to reset your two-factor authentication. Please wait 48 hours for your ability to be restored in these circumstances.
What is the Binance Futures fundraising countdown?
All Binance Futures perpetual contracts receive funding payments every 8 hours at 00:00 UTC, 08:00 UTC, and 16:00 UTC. Traders are only responsible for funding payments in both directions if they have open positions at the pre-determined funding hours. Traders are not liable for any money if they do not have a position.
What is the procedure for converting margin to spot?
How to Move Money Out of a Margin Account (Web)
- Choose where you want your money to go (e.g., from the Cross Margin to the Fiat and Spot wallet).
What is the Binance Futures funding fee?
The interest rate and the premium are the two basic components of funding rates. The interest rate on Binance Futures is fixed at 0.03 percent per day (0.01 percent per funding interval), with the exception of contracts like BNBUSDT and BNBBUSD, which have 0% interest rates.
What is the distinction between Binance margin and Binance futures?
Margin trading, in essence, magnifies trading results so that traders can profit more from good deals. A futures contract is a contract to buy or sell an underlying asset in the future at a fixed price.
Are Binance futures considered halal?
Because of the ban on maisir, options, futures, and “other derivatives” are “usually” not employed in Islamic finance (according to Thomson Reuters Practical Law). The “majority of Islamic scholars” consider margin trading, day trading, options, and futures to be illegal by sharia (according to Faleel Jamaldeen). Day trading (which involves buying and selling financial instruments within the same trading day) is not concerned with the underlying product or economic activity of what is traded, whereas margin trading (which involves borrowing money to buy what is being traded) involves interest payments in margin accounts. “Gharar is observed in derivative transactions including as forwards, futures, and options, as well as in short selling and speculation,” according to one source (Investopedia).
What does it mean to close out a futures contract?
There are two ways to close a futures contract position before the expiration date.
The first option is to sell the contract to another party. This will terminate your employment, but it will not terminate your contract.
In the futures market, closing out a position entails taking out a contract that is equivalent to but opposite to the one you are currently holding. You would take a short position with the identical strike price, expiration date, and assets to close out a long position. With a long contract, you would do the same thing to close out a short position.