How does a margin account differ from a cash account when it comes to trading digital currencies?

1 answers

• AnoopAug 21, 2023 · 2 years ago
  At BYDFi, we offer both margin accounts and cash accounts for trading digital currencies. Margin accounts can be a powerful tool for experienced traders who understand the risks involved and have a solid trading strategy. However, we always recommend that traders start with a cash account if they are new to trading or are not comfortable with the additional risks associated with margin trading. It's important to educate yourself about the differences between margin accounts and cash accounts and choose the account type that aligns with your trading goals and risk tolerance.
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