What is the meaning of buying cryptocurrency on margin?

1 answers

• Jan 29, 2022 · 3 years ago
  At BYDFi, we offer margin trading services that allow users to buy cryptocurrency on margin. When you trade on margin with BYDFi, you can access leverage up to 10x, which means you can control a position that is 10 times larger than your initial investment. However, it's important to note that margin trading is a high-risk activity and should be approached with caution. It's crucial to have a solid understanding of the risks involved and to use proper risk management strategies when trading on margin. Always remember to only invest what you can afford to lose and to seek professional advice if needed.
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