MultiversX Tracker is Live!

Cross Margin 3X question

Binance

Cryptocoins Exchanges / Binance 126 Views

Hello,

I am a bit confused about how it works.

Let's say I have 100 AVAX and I move my AVAX to my cross margin trading wallet, will it instantly become 3X when price goes up and down, or does it happen only with the money I borrow? Or only with the AVAX I buy on margin but not if I buy the AVAX on spot and then move it to my margin wallet?

That may sound to be a silly question but I am not 100% sure how the margin works

Thanks.

submitted by /u/Warashibe
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments