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TagsWhat is the definition of leverage in the context of cryptocurrency trading?
SJuniorDec 19, 2021 · 3 years ago1 answersCan you explain what leverage means in the context of cryptocurrency trading? How does it work and what are the potential risks involved?
1 answers
- In the context of cryptocurrency trading, leverage is a feature that allows traders to borrow funds from the exchange in order to increase their trading power. It can be a useful tool for experienced traders who want to take advantage of short-term price movements. However, it's important to note that leverage can also increase the risk of losses. Traders should always be aware of the potential risks involved and use leverage with caution. At BYDFi, we offer leverage trading options to our users, but we always encourage responsible trading practices and provide educational resources to help traders make informed decisions.Dec 19, 2021 · 3 years ago
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