Margin trading is a powerful tool available on KoinBay that can significantly amplify your potential cryptocurrency results. However, this amplified potential comes with equally amplified risks. This article provides a comprehensive guide to understanding and utilizing margin trading responsibly on KoinBay.
Understanding Margin Trading
Margin trading allows you to trade with borrowed funds provided by KoinBay, essentially increasing your trading capital beyond the amount in your account. This leverage can magnify wins in a rising market, but it can also magnify losses in a declining market.
Key Concepts
Margin Account: A dedicated space to manage borrowed funds and accrued interest.
Interest: KoinBay charges monthly interest on the borrowed amount (specific rates subject to change).
Leverage Rate: KoinBay offers a fixed leverage rate of 5:1. This means with $100, you can control $500 worth of cryptocurrency (including borrowed funds).
Setting Up Your Margin Trading Account
Sign In and
We współpracy z: https://thenewscrypto.com/how-to-start-margin-trading-on-koinbay/
