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BingX Non-KYC Futures Trading for Beginners: Tutorial, Strategies, Bonus, and Review

BingX is a leading non-KYC cryptocurrency exchange that offers a wide range of futures trading products and services. With its innovative features and user-friendly interface, BingX is the perfect platform for beginners to learn and trade futures contracts.

In this tutorial, we will cover the basics of futures trading on BingX, including:

What is futures trading?
How to open and close futures contracts
Different types of futures contracts
Futures trading strategies
BingX futures trading features and benefits
We will also provide a review of BingX and compare it to other non-KYC crypto exchanges.

Futures Trading Basics

Futures trading is a type of derivative trading where investors buy and sell contracts that agree to buy or sell an underlying asset at a predetermined price and time. Futures contracts are used to hedge against risk or to speculate on future price movements.

How to Open and Close Futures Contracts

To open a futures contract, you need to deposit a margin amount into your account. The margin amount is a percentage of the contract value and serves as collateral in case the market moves against you.

Once you have deposited the margin amount, you can place a buy or sell order for the desired futures contract. If your order is filled, you will now be holding a long or short position in the contract.

To close a futures contract, you need to place the opposite order of your opening order. For example, if you have a long position in a futures contract, you need to place a sell order to close the contract.

Different Types of Futures Contracts

BingX offers a wide range of futures contracts, including:

Cryptocurrency futures contracts: These contracts track the price of popular cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
Index futures contracts: These contracts track the performance of major stock market indices, such as the S&P 500 and the Nasdaq 100.
Commodity futures contracts: These contracts track the price of commodities, such as oil, gold, and silver.

Futures Trading Strategies

There are many different futures trading strategies that investors can use. Some of the most common strategies include:

Day trading: Day traders buy and sell futures contracts within the same day. They aim to profit from small price movements throughout the day.
Swing trading: Swing traders hold futures contracts for a few days or weeks. They aim to profit from larger price movements over a period of time.
Position trading: Position traders hold futures contracts for weeks or months. They aim to profit from long-term trends in the market.

BingX Futures Trading Features and Benefits

BingX offers a number of features and benefits that make it a great platform for futures trading, including:

Low fees: BingX offers some of the lowest trading fees in the industry.
Wide range of products: BingX offers a wide range of futures contracts, including cryptocurrency futures, index futures, and commodity futures.
Advanced trading tools: BingX offers a variety of advanced trading tools, such as technical analysis indicators and order types.
Secure and reliable: BingX is a secure and reliable exchange that is backed by a team of experienced professionals.
BingX Review

BingX is a great platform for futures trading, especially for beginners. It offers a wide range of products and features, as well as low fees. BingX is also a secure and reliable exchange.

BingX vs Binance

Both BingX and Binance are leading cryptocurrency exchanges that offer futures trading. However, BingX has a number of advantages over Binance, including:

Lower fees: BingX offers lower trading fees than Binance.
More products: BingX offers a wider range of futures contracts than Binance.
Non-KYC: BingX does not require KYC verification for all users.
No-KYC Crypto Exchanges

No-KYC crypto exchanges allow users to buy, sell, and trade cryptocurrencies without having to verify their identity. This makes them popular with users who value their privacy.

How to Buy Crypto Without KYC

There are a number of ways to buy crypto without KYC. One way is to use a non-KYC crypto exchange. Another way is to use a peer-to-peer (P2P) exchange. Both on BingX

Conclusion

BingX is a great platform for non-KYC futures trading, especially for beginners. It offers a wide range of products and features, as well as