KoinBay
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On this page
  • Margin Trading Overview
  • Margin Account
  • Opening a Margin Trading Account
  • Getting Started with Margin Trading
  1. Services
  2. Trading

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

  1. Login: Sign in and navigate to the Margin trading page.

  2. Account Options: Choose between Standard or Pro Margin Trading.

  3. Transfer Funds: Click 'Transfer' to move funds into your margin account.

  4. 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.

Last updated 1 year ago

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