Hi It's Unicorn

Here we will guide you on how to trade with margin on Binance Exchange!

 

1. Open a margin account!

 

- First, enter Binance website!

- Click profile on the upper right corner!

- Click 'Margin' in the menu at the top.

 

 

- Click Margin and the “Open Margin Account” button will show as below!

 

- Click the button to create a margin account!

 

 

- After read and understand the terms and conditions, click the “understood” button!

 

 

2. Transfer your collateral to your margin wallet!

 

- The margin wallet has been created as below!

- Here I will tell you how to borrow margin with USDT!

- Click the “Transfer” button which is on the right side of the USDT.

 

 

- Here will show the window that you can transfer USDT from spot wallet to the margin wallet.

 

- Now enter the amount of USDT you want to transfer!

 

- After entering the amount, click “Confirm" button!

 

 

3. Now borrow more USDT by using USDT as collateral!

 

- You must transfer from the spot to the margin wallet!

 

- Click the “borrow” button next to the “transfer” button!

 

- You can see the maximum borrowing amount as below.

 

- Enter the amount you want to borrow and click “Confirm”!

 

 

- As above, I borrowed USDT200 with USDT100 as collateral!

 

- After borrowing the margin, the margin grade is displayed as follows.

 

- When the margin level drops to 1.3, it is classified as high risk.

 

- To avoid forced liquidation, you must pay early or add margin!

 

- When the margin level drops to 1.1, all assets are forcibly liquidated at market price!

 

- Remember to check your margin rating and manage your risk well.

- Click Cross Margin or Isolated Margin on the top while you enter the spot 

 

- Here I have USDT300 in total. (USDT100 as collateral + USDT200 from margin = USDT300!

 

- You can trade by selecting the order method you want, the price and amount you want.

 

- If you borrow a margin, it will incur interest rates. Remember to check the interest rates  before trading!

 

 

4. How to repay after completing Margin Trading!

 

 

- You need to enter the margin wallet to proceed with the repayment!

 

- If you look at USDT in your margin wallet, there is a “borrow/repay” button!

 

- Click the button and enter the amount you want to repay!

- Here they will tell you to pay interest!

 

- Therefore, I will pay the interest and proceed with 100% repayment!

 

 

- Above shows the remaining balance transfer to my wallet after deducting interest~

 

- Margin Wallet -> Check your spot wallet and click confirm! Done!!