Earn more: Binance launched margin trading

Today Binance gives all its customers the opportunity to earn (or lose) more money trading digital asset exchange launches margin trading. Recall that the first rumors about this event appeared in March, when the updated API Binance cryptomnesia found the first hints of the addition of new functions.

Shoulder to help traders

Innovation commented CEO Binance Chanpen Zhao.

This is another step in creating the universal trading platform, which could meet the needs of traders of any size. We provide our customers with a new tool to improve the efficiency of their trading strategy.

Platform for margin trading received a slightly updated interface, and both new and regular customers of the exchange will be able to understand its functions. Binance 2.0 got a new engine with improved trade execution, which must withstand the influx of a large number of queries in moments of sharp market movements.

Users can transfer funds from their ordinary account on margin without any commissions. As the Commission for opening of trading orders you can pay by the BNB. To trade with leverage pair available BNB, TRX, XRP, ETH and BTC to the dollar. These altcoins are traded in pairs and Bitcoin.

Source: Binance

After the transfer of the asset you can use as collateral for a loan. The maximum amount of the loan is determined by the ratio of 3:1. In other words, if you have 1 BTC, you can take another 2 BTC. On the account page, displays a risk level that indicates the probability of liquidation of your trading positions.

See also: FAQ: everything you need to know a beginner can trade on margin.

Note that trading on leverage is a very risky activity, which may result in loss of your entire Deposit in a few seconds. It is recommended to select only a portion of your portfolio in trading and always use stop loss.

SUBSCRIBE TO OUR CHANNEL IN THE TELEGRAM TO ALWAYS TRADE IN PLUS!

Leave a Reply

Your email address will not be published. Required fields are marked *