What is the minimum margin requirement for Bitcoin trading?
Dominique_ObMay 01, 2022 · 3 years ago1 answers
Can you explain what the minimum margin requirement is when it comes to trading Bitcoin? How does it work and why is it important?
1 answers
- May 01, 2022 · 3 years agoAt BYDFi, the minimum margin requirement for Bitcoin trading is set at 5%. This means that traders need to have at least 5% of the total value of their position in their account to open a trade. This requirement helps to protect both the traders and the exchange from excessive losses. It ensures that traders have enough funds to cover potential losses and reduces the risk of default. It's important to meet the minimum margin requirement to avoid margin calls and potential liquidation of your position.
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