What is the meaning of leverage in the context of cryptocurrency?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we offer leverage trading options for cryptocurrencies. Leverage allows traders to open larger positions with smaller amounts of capital, which can potentially lead to higher profits. However, it is important to note that leverage also increases the risk of losses. Traders should carefully consider their risk tolerance and only use leverage if they fully understand the potential risks involved. It is recommended to start with lower leverage ratios and gradually increase them as you gain more experience and confidence in your trading strategy. Always remember to manage your risk effectively and never risk more than you can afford to lose.
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