Binance is a leading cryptocurrency exchange offering various features for both beginner and advanced users. With over 238 million users globally, Binance stands out for its secure, fast, and intuitive trading options. One of its newer features is the USDⓈ-M Easy Trade Mode, a simplified trading interface designed for ease of use. This guide will walk you through the steps of activating, trading, monitoring, and checking your balance in the USDⓈ-M Easy Trade Mode on the Binance app.
What is USDⓈ-M Easy Trade Mode?
Binance Futures' USDⓈ-M Easy Trade Mode simplifies the futures trading experience by offering an easy-to-navigate interface tailored for users who want a straightforward approach to trading. This mode is accessible in the Pro version of the Binance app, giving you a seamless experience for placing trades, monitoring positions, and managing your assets.
Step 1: Activating USDⓈ-M Easy Trade Mode
1. Log In to Binance: Open the Binance app and log in to your account.
2. Switch to Pro Version: Ensure you’re using the Pro version of the app to access the full set of trading features.
3. Navigate to Futures: Tap on [Futures] at the bottom of the screen.
4. Select Easy Trade Mode: In the USDⓈ-M Futures interface, tap the [...] menu at the top right corner, then select [Easy] next to Trade Mode.
Step 2: Placing Orders in USDⓈ-M Easy Trade Mode
Once you’re in Easy Trade Mode, placing a trade is simple:
1. Choose Your Symbol: Select the trading pair you want to trade.
2. Adjust Settings: Set your margin mode, leverage, and asset mode according to your risk and strategy preferences.
3. Buy or Sell: Choose whether you want to go [Buy] (long) or [Sell] (short).
4. Set Order Amount: Enter the amount in terms of USDT or USDC, which are the stablecoins used for transactions in this mode.
Step 3: Monitoring Open Positions
Just like in the Classic Trade Mode, you can keep track of your open positions in Easy Trade Mode:
View Positions: Under the [Positions] tab, you’ll see all your open trades, the assets involved, and their equivalent USDT amounts.
Close Position: If you want to close your position, simply tap on [Market Close]. This action will initiate a market order to close the position immediately.
Share Position Details: Tap the share icon if you’d like to share your position details, including symbol, leverage, direction, unrealized PNL, Entry Price, and Last Price.
Step 4: Checking Your USDⓈ-M Wallet Balance
Your USDⓈ-M Wallet balance is where you can view all funds allocated to USDⓈ-M Futures:
1. Go to Balance: Tap on the [Balance] tab in the Futures interface.
2. View Wallet and Margins: This tab provides a summary of your total wallet balance and the margin contribution for each asset.
3. Transfer Assets: If you need to add funds, tap [Transfer] to move assets into your USDⓈ-M Wallet for trading.
Additional Resources
For more detailed guidance, visit the Futures Guide FAQs on the Binance Support Center. Binance also offers tutorials on a wide range of features like Web3 Wallet, Trading Bots, Copy Trading, Binance Earn, and NFTs.
Why Choose Binance?
Binance is trusted by millions for its security and innovation in crypto trading. It provides various resources and support for all trading levels, including a 24/7 Support Center and learning resources through Binance Academy.
Ready to start trading with confidence? Download the Binance app and explore why Binance is the choice of over 238 million users worldwide!
