Complete guide from AZ for beginners

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2021-03-23 13:24:03

When the market is bleak, the fluctuation is small. At times like that, how can we make high profits? That solution is Margin Trading, also known as margin trading. Today, CHK Will introduce you to Margin Trading on Binance Exchange.

Open a Margin Trading account on Binance

For those who do not have an account, you can register here.

Step 1: After logging into your account Binance, You choose Exchanges then come Margin

Access the Margin Trading interface on Binance

Step 2: Choose to open a margin account

Choose to open a margin account

Step 3: Read the agreement, click on the box, then select I understand.

Agreement to open collateral

Access to Margin Trading wallet or Margin wallet on Binance

To access Margin Trading wallet, choose Wallet then choose Margin wallet

Binance Margin Trading Wallet

Margin wallet on Binance exchange

(first) Display balance information

  • Total balance
  • Total debt
  • Assets in Account = Total Balance – Total Liabilities
  • Profit & Loss: Profit and Loss. Calculated in BTC and USDT

(2) Show your margin level

Is the level of risk calculated by: margin = Total asset value / (Total borrowed value + Total accumulated interest)

(3) Money transfer area to wallet, borrow, pay

  • Moved on: transfer money from Binance Exchange Wallet to Margin Wallet or vice versa
  • Loan / Payment: Use the mortgage account to borrow / repay the loan amount
  • Deal: switch to the Margin Trading interface
  • Borrowing History: Loan history

Margin wallet on Binancce

Switch from Binance exchange wallet to Binance Margin wallet

Step 1: Select the coin you want to transfer then click Moved on
Transfer coins to Binance Margin Trading wallet

Step 2: Enter the quantity you want to transfer then click Transfer confirmation

*Note: You can choose “-> <-" to rewind words Margin Wallet to Floor wallet

Transfer BTC from exchange wallet to Binance Margin Trading wallet

Borrowing and Refunding Binance Margin Trading

Step 1 : Select the coin you want to borrow or pay then click on Loan / Payment. Here I choose BTC.

Loan or Payment

Step 2:

– Loan: Enter the amount you want to borrow then click Loan confirmation

Borrowing BTC

-To return: Here I have not borrowed so I have not shown up. Once you have borrowed, enter the amount you want to pay. The amount you pay = loan + interest.

Refund BTC

Transferable coins and Binance Margin Trading wallet fees

The following picture is just some of the coins you visit here see more.

  • Borrowable: Borrowable
  • Daily Interest / Yearly Interest: Daily interest / Annual interest.
  • Borrow Limit: Loan limit

Marginable assets

Place a Margin Trading order on Binance

Step 1: Into the Exchanges, then choose Margin

Access the Binance Margin Trading interface

Step 3: Select the sell trading pair you want to place an order. Margin trading pairs with the symbol “M“.

Binance Margin Trading pair

Step 2: Place orders as usual with orders such as: Limit, Market, Stop-limit, OCO

-The Mode or mode:

  • Thường: place orders as usual
  • Borrow: The system will automatically lend you
  • Repay: The coin after you trade will be automatically refunded with the same coin in the collateral.

Binance Marign order

Epilogue

Thank you for viewing the article “Binance Margin Trading: A complete guide from AZ for beginners“. Hopefully the article gives you more useful information as well as how to trade margin on the Binance exchange. Wishing everyone a profitable investment!

#Complete #guide #beginners

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