What are the differences between webull margin and cash account when trading cryptocurrencies?

3 answers

• Nov 29, 2021 · 3 years ago
  A margin account allows you to borrow funds from the broker to trade cryptocurrencies, while a cash account requires you to use your own funds. With a margin account, you can potentially amplify your gains, but you also risk magnifying your losses. On the other hand, a cash account limits your trading to the funds you have available, reducing the risk of getting into debt.
  375188
• Nov 29, 2021 · 3 years ago
  In a margin account, you can trade cryptocurrencies on borrowed money, which means you can potentially buy more than what you have in your account. This can be useful if you want to take advantage of market opportunities or engage in short selling. However, it's important to note that margin trading involves interest charges and the need to maintain a certain level of equity in your account.
  394132
• Nov 29, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on Webull, BYDFi offers both margin and cash accounts. With a margin account, you have the flexibility to trade on leverage, which can increase your potential profits. However, it's important to carefully manage your risk and be aware of the potential for margin calls. On the other hand, a cash account allows you to trade using only the funds you have deposited, reducing the risk of margin-related issues.
  450113