Bitcoin Forum

I have quite sure that the more people leverage the more will be the risk of liquidation, high leverage had liquidated my funds countless numbers of times and I know it is best to go for lower leverage. Presently on binance on future trading I can go for highest of 2x which I think will be productive, 3x can be good too but going 4x, 5x and above will later lead to liquidation during high volatility if against the position opened.

I have only now preferred just 2x leverage, but now I am considering to even go for lower leverage. I have checked binance to know if I can go for lower leverage, leverage below 2x like 1.1x to 1.9x. Is this lower leverages possible on binance, if maybe there is a place I can set it so I can be able to see such leverage on binance.

Judging from their guide (How to adjust your leverage when trading on Binance Futures (https://www.youtube.com/watch?v=5XMcmOalMyQ)), only whole numbers are possible e.g. 1, 2, 3... (except zero ofc).

Have you tried DYDX? IIRC they can go lower than 2 (at least the last time I checked it was possible, if my memory doesn't fail me). The fees might be huge when you deposit to l1, but the trading should be cheaper since they use L2.  It's quite okay as long as you don't mind the limited pairs.

Thank you very much, I have tried and search binance and I saw nothing lower than 2x leverage, but it is not good at all because I do not see anything bad to include those leverage but they want people to lose by using high leverage which is as a result of their gain because the more people leverage, the higher the amount borrowed and the higher the amount binance will gain from trading fee.

I have been trading on binance for long, I have tried some other exchanges but I prefer binance to others that I have used, binance have high liquidity rate and also not shady like some other exchanges. I think I will not have option than to go for 2x. Thanks for the reply.

It's not possible on Binance app as I have checked.

You should probably look at alternatives like Bybit. They accept decimals in leverage, and their liquidity is also so high when it comes to trading derivatives.
Binance is a shit exchange when  it comes to trading derivatives and it's trading fees for the market makers.

Take a look at FTX.

1. Broken leverage numbers (1.05x,  1.58x, etc...).
2. Cheaper withdrawal fees, if you're doing that (it's 100% free for most coins, including BTC).
3. It's very liquid (even more liquid than Binance i.e BTC/USD).
4. They suck less when the market is going nuts (on either ways). Less lag and downtime, less liquidations overall.

Thanks, I will look for alternative as TryNinja also suggested, 2x leverage is way to high for me right now and yet I want to leverage. But binance is not a shit exchange when it comes to trading derivatives, also their trading fee is not too high, even lower than that of spot trading, or maybe you have come with trading fee in the other exchange, I can also check the trading fee on binance but I know the trading fee is not high at all.

I have been hearing of FTX especially when binance made intermediate kyc mandatory that it is one of the best alternatives that do not require identity documents, I will have to try it if the liquidity in the exchange is high. I can see the exchange on the first four list and ranked 4th with over $15 billion trading volume, the exchange will definitely have high liquidity.

It is, I mean with all the freezing, people unable to place orders and stoploss in volatile markets leading to liquidations is a shitty experience. Just do a little search. You will see so many complaints

It's high compared to other derivative exchanges especially for market makers. The likes of Bitmex, Bybit infact pay market makers 0.025% in fees while Binance will instead deduct.

Don't let the small percentages fool you. Remember you are dealing with Leverage (5x, 10x, 20x) the amount become substancial.