What is the difference between cross margin and isolated margin in Binance for trading cryptocurrencies?

1 answers

• Mar 08, 2022 · 3 years ago
  Cross margin and isolated margin are two margin modes available on Binance for trading cryptocurrencies. Cross margin allows you to use the total account balance as collateral, providing more flexibility in managing your positions. This means that if one position is at risk of liquidation, the remaining balance in your account can help cover the losses. On the other hand, isolated margin allows you to allocate a specific amount of funds to each position, providing better risk management by isolating the margin for each position. When trading on Binance, it's important to carefully consider your risk tolerance and trading strategy to determine which margin mode is more suitable for you. Remember, always stay informed and make informed decisions to maximize your trading success.
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