Cryptocurrency Q&A
What is the margin on WhiteBIT?
What is the margin on WhiteBIT?
ethan_harrison_chef
Fri Sep 13 2024
|
5 answers
1022
Could you please elaborate on the concept of margin trading on WhiteBIT? I'm particularly interested in understanding the percentage of margin required by the platform for various types of trades. Is there a standard margin rate that applies across all trading pairs, or does it vary depending on the asset being traded? Additionally, are there any fees associated with margin trading on WhiteBIT that traders should be aware of? I'm looking for a comprehensive explanation to help me better understand the margin trading landscape on this platform.
5 answers
Andrea
Sun Sep 15 2024
WhiteBIT, a prominent cryptocurrency exchange, operates a margin market with a unique MMR (Margin Maintenance Ratio) framework. Notably, the MMR level remains consistent across all leverage levels, ranging from 1x to 10x, at a fixed rate of 2.5%.
Was this helpful?
162
50
Elena
Sun Sep 15 2024
This standardized MMR approach ensures predictability for traders, allowing them to plan their strategies without worrying about varying maintenance requirements as they increase leverage.
Was this helpful?
247
32
CryptoPioneer
Sun Sep 15 2024
The 2.5% MMR threshold serves as a safety net, safeguarding traders from excessive risk exposure. Should the equity in a position decline below this predetermined liquidation point, WhiteBIT swiftly intervenes to mitigate potential losses.
Was this helpful?
203
85
OpalSolitude
Sun Sep 15 2024
This automatic liquidation mechanism is a crucial aspect of risk management on the platform. It not only protects traders from incurring heavy debts but also maintains the overall stability and integrity of the market.
Was this helpful?
182
86
MysticMoon
Sat Sep 14 2024
Moving on to another reputable exchange, BTCC, it offers a comprehensive suite of services catering to the diverse needs of the cryptocurrency community. Among its offerings, BTCC boasts a robust spot trading platform, providing direct access to various digital assets.
Was this helpful?
228
97
