How to Start Margin trading On Binance?

by Binance Exchange Binance Support Number

Binance is a major crypto-currency trading platform. It is one of the few trading platforms which are secured for its users. It has the maximum number of cryptocurrency, upon users can trade their cryptos.

Other than Binance has developed its blockchain technology to secure its platform from the hackers. However, in this blog, we are going to learn, How to do margin trading on Binance Support Number. How to enable it and start trading? Follow the step by step guide to understanding the process. If you face any problem, contact on Binance Support Number.

What is Margin Trading?

Before we begin the process, we are going to know margin trading in short. In simple terms, when you borrow funds from a third party for trading, it is called margin trading. However, it is not that, You ask for money, and you will get it. To get funds, You need to Commit a percentage of your Total money. For example, if you are asking for a $100,000, then you need to commit $10,000 of your capital to get the funds. Here, the ratio is 10:1. Every company has a different ratio to work out. The risk is generally higher in Crypto-currency margin trading. One expects the ratio from 2:1 To 100:1.

How to start it On Binance?

Now that, You know what margin trading is, let’s see, how to start it on Binance. We begin it by opening our binance account. Go to Binance account, log in. Now, if there is a problem in login to an account, Get in touch via Binance Customer Support . After login, Go to Your email address, click on the Profile Icon. Upon the account dashboard, you can see your Balance, Estimated value, and commission.

Below Balance details, You will have an option of Margin. Click on it to start the process. There are a few things; you need to keep in mind before beginning the margin trading. First, Your Country should not be blacklisted. Second, you need to complete the KYC process And two-factor authentication process.

When You click on it, Binance will show you a reminder. The risk of margin trading. Please read it carefully to understand the risk factor. After reading, click on the open margin account. Again there is a reminder of the risks; you will take. Read it, then click on ‘ I understand.’

Now, Your Margin trading is activated. You can transfer the Funds from your Binance account to margin account.

In case you get an issue, it's better to connect Binance Support Number.