- 05.03.2020

Ios app trade cryptocurrency

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Closing ios app trade cryptocurrency Introduction Binance is eager to bring you the widest range of products that you can use to take part in the crypto revolution. But, now you can also trade options! This article will guide you through how you can trade options in our mobile app, available for both iOS and Android devices.

What are options contracts?

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Options contracts are a type of derivative product that give you the right, but not the obligation, to buy or sell an asset at a specific price. There are two types of options contracts: call options and put options. In other words, a call option gives you the right, but not the obligation, to buy the underlying asset at a specific price.

A put option ios app trade cryptocurrency you the right, but not the obligation, to sell the underlying asset at a specific price.

Ios app trade cryptocurrency

What are American Options? Binance lets you trade what are called American Options.

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This means that you can exercise your option any time before the expiration date. Another popular style of options contracts are called European Options. These can only be exercised on the same day of expiry, or within a short timeframe of the expiration date.

Ios app trade cryptocurrency

What are options contracts used for? When ios app trade cryptocurrency or investors are here, they are trying to protect their investment from events that could have a negative impact on it.

How does that work? Well, for example, they can buy put options.

Where is it possible to get the app?

Now you have a brief understanding of what options contracts are. However, they can be very complicated to use.

Ios app trade cryptocurrency

Be sure to understand the implications of your ios app trade cryptocurrency href="https://magazin-id.ru/app/best-crypto-wallet-app-canada.html">click to see more before you jump into trading them.

It could be worth starting with smaller amounts to test out the waters.

Ios app trade cryptocurrency

Things to know before trading on Binance Options An ios app trade cryptocurrency ios app trade cryptocurrency to note before you start is that your options trading activity is tied to your Please click for source Futures account.

This means that what you do click here options contracts may affect your open futures ios app trade cryptocurrency.

Take extra care when trading options to avoid unintended consequences to your futures positions. If you buy an option, it will remain valid until you either exercise it any time before ios app trade cryptocurrency expiry date, or when the option expires.

Ios app trade cryptocurrency

Expiry Date — The duration of time until the option expires. You can choose between minute, minute, 1-hour, 8-hour, and 1-day options. This is also known as the Settlement Price. Ios app trade cryptocurrency to trade options contracts on the Binance mobile app 1.

Ios app trade cryptocurrency

Options trading is available for both iOS and Android. Log in to your Binance account in the app. Start trading options contracts Navigate to the Trades ios app trade cryptocurrency, and click on Options at the top. Ios app trade cryptocurrency sure you have funds in your Futures Wallet. You can choose between options with minute, minute, 1-hour, 8-hour, and 1-day expiry.

Next, specify the contract ios app trade cryptocurrency in the Quantity field. When you are ready, click on Buy Call. Next, you will see a confirmation window.

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If ios ios app trade cryptocurrency trade cryptocurrency looks good, click on Confirm.

The 2. If the price of Bitcoin goes up to Monitoring and closing positions You can monitor your open positions under the Positions tab.

The option will be exercised once link click on Confirm.

Choosing a Suitable Platform

You can ios app trade cryptocurrency your previous options trades under the History tab. Closing thoughts Options contracts are derivatives that give traders the choice to buy or sell an asset in the future, regardless of the market price.

While they can be used for speculative trading, the Binance Options contracts can be particularly useful in risk management strategies, such as hedging.

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