As you know, Binance margin trading has recently become officially operational with the renewed platform of the crypto currency exchange. Below you will find information about how to open a margin account in Binance and the transaction details with the content we shared
How to open a margin trading account on the Binance exchange
After logging in to your Binance account, you will see the top right of the screen.
Click the profile icon in the corner. Any profile picture
the first two letters of your e-mail address.
You'll see. In the drop-down menu after clicking your email to go to your dashboard
If you don't know what a margin transaction is, you can check out our “What is Margin Trading? önce before opening your margin trading account.
You can see your account balance on the billboard page.
Under “Balance Sheet Details,, click on the“ Margin ”tab and then click on Binance
You can start opening your margin merchant account through. Binance't to
To open a margin account, you must complete the authentication process (KYC) and
you need to make sure your country is not on the black list. In addition, 2FA
A reminder about the risks of margin trading
You'll see. After carefully reading this statement, aç Open a margin account ”
Click on the button
Follow the margin account agreement carefully
you should read. If you understand and accept the Terms and Conditions,
Once you have activated your margin account, you can use the normal Binance
You can transfer money from your Wallet to your Margin Trading Wallet. To do this,
Click on the “Wallet” tab, select “Margin sonra, then click on the right side of the page.
Click on the “Transfer” button
Then select the crypto money you want to transfer
You want to transfer from your stock wallet to your margin wallet
Enter the amount and click onayla Confirm transfer. [
Once the coins of your choice have been transferred to your margin wallet,
you can use them as collateral to borrow. Margin Wallet
balance, you can borrow crypto currency with a fixed ratio of 3: 1 (3x)
amount. For example; If you have 1 BTC, you can borrow 2 more. Below
In the example you will see, a BTC of 0.02 is borrowed.
The amount you have chosen to borrow from the crypto money
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Then, you will be credited with the Bitcoin you borrowed into your collateral account.
it will be. You can borrow borrower funds at a value of 0.02 BTC plus interest rate.
The interest rate is updated every hour. Currently available crypto currency pairs
and their prices on Binance’s Margin Fee page
Check your current margin account status on your “Wallet Balance” page
On the right side of the screen you can see your margin level, which sets a risk level for you based on the borrowed funds (Total Debt) and the funds you hold as collateral (Account Equation). 19659026] Binance Margin Trading Guide “/>
Risk level varies according to market movements, this
therefore, if prices move contrary to your forecast, your assets
can be liquidated. In case of liquidation, additional fees will be charged
The margin level is calculated according to the following formula:
Margin Level = Total Asset Value / Total Borrowing + Total Accrued Interest Amount
Your margin level is reduced to 1.3 increase your collateral
or by reducing your credit (borrowing)
If your margin level drops to 1.1, your assets are automatically
Binance, your funds to repay your loans
Using your borrowed funds to trade
you can go to the platform page, select the “Margin” tab, and
Normally trading using Limit, Market and Stop-Limit Orders
Click on the “Debt / Refund” button to repay your debt.
and select the “Refund” tab.
The total amount to be paid is the total amount of debt and interest amount received.
It is total. Make sure there is sufficient balance before proceeding
You must be. If your balance is sufficient,
you can select the money and amount and click the onayla Confirm refund ”button. This
the amount of interest initially reflected in the transaction is paid and the repayment is only payable
Make money from your Margin Wallet to your normal Binance Wallet
If you want to bring back, click on “Transfer in
You can use the button between two wallets to change the direction.
Then, after selecting the crypto currency and amount, click onayla Confirm transfer ”.
Use your funds from a wallet at no cost.
You can transfer freely to another. However, transfer to your normal Binance wallet
If you already have assets borrowed when making
Note that your risk level will increase as funds will decrease. Your Risk Level
If it rises too much, the chances of your assets being liquidated will increase. Therefore, the margin
Make sure you understand how it works before using
Binance margin trading transaction example
An investor believes that the price of the BNB will increase.
He wants to open a long position on the BNB. To do this first Margin
He transfers money to his wallet and then borrows BTC. Then, buy BNB
uses the borrowed BTC. The price of BNB
may sell their assets and, in exchange for the borrowed BTC
repay the amount received with the reflected interest. After this process
the remaining amount of crypto money represents his earnings.
However, margin trading can increase both revenue and loss. Therefore, if the market moves against the position of the investor, the loss is increased by the same rate.
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The information contained in the text is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss arising from the investments you are making. The investment is ultimately based on many knowledge, knowledge, experience, research and personal decisions.