Binance, Exchanges

Can You Do Leverage Trade on Binance Us?

Yes, you can do leverage trade on Binance US. However, there are a few key things to keep in mind before you start trading.

First, leverage trade on Binance US is only available for certain pairs. At the time of writing, the only pairs available for leverage trading are BTC/USDT and ETH/USDT.

This may change in the future, but for now, those are the only two options.

Second, when you do leverage trade on Binance US, you are essentially borrowing money from the exchange to trade with. This means that you will be responsible for paying back the loan plus interest.

NOTE: WARNING: Leverage trading on Binance US can be very risky. Leverage trading involves taking on a large amount of debt in order to increase potential profits, but also increases potential losses. If you do not understand the risks associated with leverage trading or do not have enough funds to cover potential losses, then you should not engage in leverage trading. Please use caution when deciding to engage in leverage trading and never risk more than you are prepared to lose.

The interest rate will vary depending on the amount of money you borrowed and how long you hold the position.

Third, because you are borrowing money, your position will be margin-traded. This means that if the market moves against you and your position loses value, you may be required to deposit more money to keep your position open.

If you can’t deposit more money, your position will be automatically closed (liquidated) at a loss.

Fourth, leverage trade on Binance US is a high-risk strategy and is not suitable for everyone. Make sure you understand the risks involved before trading.

Overall, yes, you can do leverage trade on Binance US. Just remember to keep these key things in mind before getting started.

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