Margin Trading
Margin trading involves trading crypto with funds borrowed from a broker or exchange. It allows traders to operate with more capital than they have in their account.
Margin Trading Overview
Margin Account
Purpose: Used to borrow funds for purchasing digital assets.
Earning: Monthly funds are charged on the borrowed amount (not guaranteed).
Accessing Account: Find your margin account balance in the 'Balances' section on the home page.
Opening a Margin Trading Account
Login: Sign in and navigate to the Margin trading page.
Account Options: Choose between Standard or Pro Margin Trading.
Transfer Funds: Click 'Transfer' to move funds into your margin account.
Borrowing Funds: Select 'Borrow', choose the coin, enter the amount, and confirm.
Note: 2FA is required for enhanced security.
Getting Started with Margin Trading
KYC and Security: Complete your KYC process and enable 2FA.
Restricted Countries: Check if your country is allowed for margin trading.
Transferring Collateral: Move funds (e.g., BTC, ETH, BNB) from your Exchange Wallet to your Margin Wallet. These serve as collateral.
Leverage Rate: Fixed rate is at 5:1.
Borrowing Process: Click 'Borrow/Repay', enter the amount, note the hourly interest, and confirm. Check your balance under 'Margin'.
Margin Level: Keep track of your Margin Level. It's calculated as Total Asset Value / (Total Borrowed + Total Accrued Interest).
Liquidation: A margin level of 1.1 triggers automatic liquidation to repay the loan.
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