hello,
i have set up an account on binance, though i was curious to know can you short a crypto pair on binance?
I have deposited around $1,000usd in bitcoins on binance, I tried shorting a pair but it keeps saying "balance is not enough", though you can buy/long on binance without issue. Is there a way you can short a pair on binance rather than just having to go long all the time?
You can only short bitcoin using the Chicago Mercantile Exchange (CME) or Chicago Board Options Exchange (CBOE). You'd have to find a market maker / investment house to set up an account and use fiat money to conduct the transactions, but this could serve as an offset if you own Bitcoin. Use the short as a hedge. If you own bitcoin with Binance, you're long bitcoin in that wallet. Opening up a short position with CME or CBOE allows you to play both sides of the market...technically you can't lose.