How does a cash account differ from a margin account when it comes to trading digital currencies?

1 answers

• Dec 30, 2021 · 3 years ago
  At BYDFi, we offer both cash accounts and margin accounts for trading digital currencies. Our cash accounts provide a secure and straightforward way to trade digital currencies without the risks associated with margin trading. On the other hand, our margin accounts offer the flexibility to trade with leverage and potentially increase your trading profits. However, we always recommend that traders fully understand the risks involved in margin trading and use leverage responsibly. It's important to have a solid trading strategy and risk management plan in place before engaging in margin trading. If you're unsure which type of account is suitable for you, our customer support team is available to provide guidance and answer any questions you may have.
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