What time does Binance weekly contract deliver

What time does Binance weekly contract deliver?

Binance's weekly contract is a futures contract that expires every Friday. The delivery time for the weekly contract is 08:00 AM (UTC) on the expiration date.

• What is the purpose of a delivery time?

The delivery time is the time at which the futures contract expires and the underlying asset is delivered to the buyer. In the case of Binance's weekly contract, the underlying asset is the cryptocurrency that the contract is based on.

• Why is the delivery time important?

The delivery time is important because it determines when the buyer will receive the underlying asset. If the buyer wants to take delivery of the underlying asset, they need to make sure that they have the necessary funds in their account to cover the delivery price.

• What happens if I don't take delivery of the underlying asset?

If you do not take delivery of the underlying asset, you will be charged a delivery fee. The delivery fee is a percentage of the contract value and is used to cover the costs of delivering the underlying asset.

• How can I avoid paying the delivery fee?

You can avoid paying the delivery fee by closing your position before the delivery time. If you close your position before the delivery time, you will not be obligated to take delivery of the underlying asset and you will not be charged the delivery fee.

• What are the risks of trading weekly contracts?

There are a number of risks associated with trading weekly contracts. These risks include:

• The price of the underlying asset may fluctuate. The price of the underlying asset may fluctuate significantly over the course of a week. If the price of the underlying asset falls, you may lose money on your trade.
• The contract may expire worthless. If the price of the underlying asset does not move in the direction that you predicted, the contract may expire worthless. In this case, you will lose the entire amount that you invested in the contract.
• You may be charged a delivery fee. If you do not take delivery of the underlying asset, you will be charged a delivery fee. The delivery fee is a percentage of the contract value and is used to cover the costs of delivering the underlying asset.
• How can I mitigate the risks of trading weekly contracts?

You can mitigate the risks of trading weekly contracts by:

• Educating yourself about the risks involved. Before you trade weekly contracts, it is important to educate yourself about the risks involved. This includes understanding how the contract works, how the price of the underlying asset may fluctuate, and what the potential risks are.
• Managing your risk. When you trade weekly contracts, it is important to manage your risk. This includes setting stop-loss orders to limit your losses, and only trading with資金that you can afford to lose.
• Closing your position before the delivery time. If you do not want to take delivery of the underlying asset, you can close your position before the delivery time. This will allow you to avoid paying the delivery fee.