Can I switch from a cash account to a margin account for trading cryptocurrencies and vice versa?

1 answers

• asha khatiMay 21, 2024 · a year ago
  Yes, you can switch from a cash account to a margin account for trading cryptocurrencies. At BYDFi, we offer the flexibility to switch between these account types. To make the switch, you need to meet certain requirements. These requirements include having a minimum account balance of $X, completing a margin trading application, and agreeing to our terms and conditions. Once you meet these requirements, you can easily switch from a cash account to a margin account through our platform. Margin trading allows you to amplify your trading potential, but it also carries additional risks. Make sure to understand the risks involved and use proper risk management strategies when trading on margin.
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