What is Binance Battle? Get started with Binance Battle

Binance Battle, a new monetization feature on the Binance platform, lasts five minutes per turn, and participants are able to get points at the end. The article below will give you basic information about Binance Battle and step-by-step guide to earn profits from Battle.

What is Binance Battle?

Binance Battle is considered as a form of online fighting based on the price of the cryptocurrency market. Each fight lasts for 5 minutes and the winners will receive points immediately at the end. This is a new method of making profits on the Binance platform.

In other words, participants who join a battle will take positions and compete with each other based on BTC price. Specifically, participants choose long order if they believe that in the next 5 minutes the price will increase. On the contrary, select the short order. The fight begins when two participants match each other. They will receive the number of points corresponding to their choice after the fight is over.

You should learn about Binance Futures before geting started with Binance Battle.

How to join Binance Battle

To join Binance Battle, you must register a Binance account and verify KYC identity. After logging into a Binance account, you take the following steps in turn:

Step 1: Access to Binance Battle interface

Option 1: Select [Derivatives] and then choose [Battle].

Option 2: Go to [Binance futures] homepage and then choose [Battle].

Option 3: Tap [Futures] on the Binance app, then select [Battle].

Step 2: Select the desired number of contracts and predict the price

The battle will begin when there is an opponent. Depending on the type of contract the participant has selected, the BTC price may rise or fall in the next 5 minutes. Choose [Long] if you believe the price will increase. On the contrary, select [Short].

Step 3: Finish the match

Participants can finish the battle manually after 10 seconds by clicking [End Battle] or wait for the system to end the battle automatically after 1 or 5 minutes.

Binance Battle Rules

How to win

Select a long order when closing – opening price > 0
Select a short order when opening price – closing > 0

Trading rules

After selecting the number of contracts and predicting price movements, the system will automatically assigns a competitor. Win or lose, participants will still receive points.
If participants don’t trigger the Take Profit or Stop Loss order in order that the system automatically closes the order and exits the battle, they will not be able to close the order manually during the first 10 seconds.
All transactions in the match are submitted as market orders with Take profit or Stop loss simultaneously. Participants can use isolated margin mode during battle.
Market orders are the percentage of the opening price, taking long battles as the same logic for short battles, the stop-loss price and the take-profit price are calculated as a ratio:

Stop-loss level: opening price (Long) – opening price (Short) x 0.13%
Take-profit level: opening price (Long) + opening price (Short) x 0.17%

→ When the new price is greater than or equal to the take-profit level, the participant wins and exits the battle.

Rules for calculating battle points

Number of contracts (Next)	Combat results	Points (In the first 10 seconds)	Points (After 10 seconds)
1	Win	+5	if 0 < abs (closing price – opening price) / opening price ≤ 0.50.17%, return point = +2 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +5
1	Lose	+1
5	Win	+25	if 0 < abs (closing price-opening price)/opening price ≤ 0.50.17%, return point = +10 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +25
5	Lose	+5
10	Win	+50	if 0 < abs (closing price-opening price)/opening price ≤ 0.50.17%, return point = +20 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +50
10	Lose	+10
20	Win	+ 100	if 0 < abs (closing price-opening price)/opening price < = 0.50.17%, return point = +40 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +100
20	Lose	+20
50	Win	+250	if 0 < abs (closing price-opening price)/opening price ≤ 0.50.17%, return point = +100 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +250
50	Lose	+50
100	Win	+500	if 0 < abs (closing price-opening price)/opening price ≤ 0.50.17%, return point = +200 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +300
100	Lose	+ 100
200	Win	+1.000	if 0 < abs (closing price-opening price)/opening price ≤ 0.50.17%, return point = +400 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +600
200	Lose	+200
500	Win	+2.500	if 0 < abs (closing price-opening price)/opening price ≤ 0.50.17%, return point= +1,000 else 0.50.17% < abs (closing price-opening price)/opening price, return point = +1500
500	Lose	+300
Abnormal state	Not applicable	+0	+0 Note: 1. Unable to place orders on the battle page (if the order closed on the website, Binance app, computer application, API) 2. Unusual error situation

Badge system and battle points

Badge	oints
Master	≥ 10,000,000
Diamond	1,000,000 ≤ Points < 10,000,000
Platinum	100,000 ≤ Points <1,000,000
Gold	10,000 ≤ Points 100,000
Silver	5,000 ≤ Points < 10,000
Bronze	< 5,000

Note

Battle Binance Futures is available on both Coin-Margined BTCUSD perpetual contracts and selected USD(S)-M Futures Contracts. Participants are required to have a Futures account before joining Binance Battle.
All transactions in battle will only be in Isolated Margin mode, including leverage and position.
For Coin-Margined BTCUSD perpetual contracts, participants can adjust the leverage in the range of 10x, 20x, 50x or 125x. For USDⓈ-Margined contracts, leverage must be fixed at 50x.
Participants must double-check if there are any open positions or orders, if they must be removed before the start of the battle.
Futures wallets must be guaranteed to have sufficient BTC or USDT balances to margin and support the placed orders.
Orders placed in battle, including adjusting leverage, quantity, reducing/closing/opening positions, changing margin mode,… can’t be changed. Participants have to assess any losses in case the result of the match is not as expected.
The transaction fee for Battle is the same as trading Coin-Margined and USDⓈ-Margined Futures contracts

Conclusion

Binance Battle is a form of derivative monetization with a high profit, but the risks it brings are also relatively large. In case the price of BTC in the exchange fluctuates sharply, the investors deal with the loss of the entire margin balance in the Futures wallet. Therefore, investors need to carefully consider pros and cons of Binance Battle to take the opportunity and minimize risk before participating in Battle.