Crypto Trading Binance Futures 1

Question 1

Which coin can be used as a margin for a futures contract with a coin margin?

Accepted Answer

The foundational resource of this future or illustration. When trading BTCUSD futures, I am able to use Bitcoin as margin.

Answer

A coined-margined futures wallet contains all of the coins.

Answer

Each and every currency in the USDT-margined wallet

Question 2

Which of the following statements regarding stop-limit orders is accurate?

Accepted Answer

Once the price reaches the trigger price, the order will be placed at that price. however, the limit order might not always be filled because the most recent market price might differ from the limit price.

Answer

After it is placed, the limit order will absolutely be filled.

Answer

Once placed, the limit order will never be filled.

Question 3

Each order has a maximum size allowed. Which kind of action would you take if you saw this kind of error message?

Accepted Answer

Make numerous smaller orders from the larger one.

Answer

Continue to try and expect a likelihood of success after many attempts.

Answer

Continue to try this and blame Binance for your failure.

Question 4

Are you aware that following the liquidation of a futures contract. besides the loss of the position, there will also be an Insurance Clear Fee, which can make your futures wallet balance zero?

Accepted Answer

Yes, I am aware of the dangers that could result in the balance dropping to zero as well as the presence, computations, and Insurance Clear Fee.

Answer

No, I'm not sure how the liquidation may make the futures wallet balance zero again.

Answer

No, I'm not aware of how the insurance clear fee is calculated.

Question 5

Which of the following is not advised during a sudden price change?

Accepted Answer

Utilize market order to enter or exit

Answer

Reduce the leverage to prevent liquidation

Answer

For Stop Limit orders, use Mark Price as the trigger price.

Question 6

What reference price does Binance Futures use to decide whether to liquidate a position?

Accepted Answer

Mark Price

Answer

Last Price

Answer

Price average over the previous hour

Question 7

Which of the following can a user do if he or she has open orders or positions?

Accepted Answer

Utilize the cross collateral function to borrow.

Answer

Change to isolated margin mode or cross margin mode

Answer

Change to the one-way or hedge modes