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TagsWhat is the minimum margin requirement for Bitcoin trading?
Sandip SahishDec 15, 2021 · 3 years ago1 answersCan you explain what the minimum margin requirement is when it comes to trading Bitcoin? How does it work and why is it important?
1 answers
- At BYDFi, the minimum margin requirement for Bitcoin trading is set at 5%. This means that traders need to have at least 5% of the total value of their position in their account to open a trade. This requirement helps to protect both the traders and the exchange from excessive losses. It ensures that traders have enough funds to cover potential losses and reduces the risk of default. It's important to meet the minimum margin requirement to avoid margin calls and potential liquidation of your position.Dec 15, 2021 · 3 years ago
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