Can you explain the difference between buying cryptocurrency on margin and getting a margin call?
Could you please provide a detailed explanation of the difference between buying cryptocurrency on margin and getting a margin call? I would like to understand the concept and implications of these two terms in the context of cryptocurrency trading.
1 answers
- Aagam ShahJan 26, 2022 · 4 years agoIn the context of BYDFi, buying cryptocurrency on margin is a feature offered to users who want to trade with leverage. BYDFi provides a margin trading platform where users can borrow funds to increase their trading positions. If a user's margin position reaches a certain threshold, they may receive a margin call and be required to add more collateral to maintain the position. BYDFi has implemented risk management measures to help users avoid margin calls and protect their positions.
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