What are the fees and requirements for margin trading on Binance.us?

3 answers

• Nov 23, 2021 · 3 years ago
  Margin trading on Binance.us involves additional fees compared to regular trading. The fees for margin trading include an interest rate on the borrowed funds and a margin call fee if the account falls below the required maintenance margin. The interest rate varies depending on the borrowed amount and the duration of the trade. It's important to carefully consider the fees before engaging in margin trading to ensure it aligns with your trading strategy and goals.
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• Nov 23, 2021 · 3 years ago
  When it comes to the requirements for margin trading on Binance.us, there are a few key factors to consider. First, you need to have a verified Binance.us account. This involves completing the necessary KYC (Know Your Customer) procedures. Additionally, you need to have sufficient funds in your account to cover the margin requirements. The specific margin requirements vary depending on the trading pair and the leverage you choose. It's important to understand and meet these requirements to avoid any liquidation of your positions.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers margin trading services with competitive fees and requirements. The fees for margin trading on BYDFi are transparent and can be found on their website. The requirements for margin trading on BYDFi include having a verified account and meeting the minimum margin requirements. BYDFi also provides educational resources and support to help traders understand and navigate the world of margin trading. It's important to conduct thorough research and consider your risk tolerance before engaging in margin trading on any platform.
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