1. Fund your Binance Futures wallet with USDT
After you’ve deposited some cryptocurrency to Binance, you’ll have to acquire some Tether USDT, in order to be able to trade Bitcoin 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”. Then, Transfer the desired amount of USDT to your Futures wallet.
We recommend to start with a small amount until you get comfortable with the user interface.
2. Go to the Binance Futures trading interface
Now that you have some USDT in your Binance Futures wallet, you’re ready to go. Click the “Derivatives” tab on the top navigation bar, then select "USDs M Futures" - these are the specific futures pairs our automated strategy trades.
Now, you’re greeted with the Binance Futures trading interface. We’ve highlighted 2 parts of the interface to get you started.
- Here, you can select the contract you want to trade. In this case, you’ll have to load each pair in the basket you've selected on the Greypool platform and set their leverage settings accordingly.
- Here, you can adjust the amount of leverage you are using. This slider goes from 1x to 125x. Higher leverage means higher potential profits, but also a higher chance of losses. We recommend only using a MAX leverage of 10x and ALWAYS using "Isolated" mode for the pairs traded by our automated strategies.
Click on the leverage button to adjust the leverage you will be using.
Click the “Cross” button to adjust your margin mode to "Isolated". Our strategies are ONLY calibrated to using "Isolated" mode.