What does 3X + 5x + 10x mean on Binance?

Leverage is a critical aspect of cryptocurrency trading, allowing traders to increase their exposure to the market with limited capital. At BTCC, leverage is fixed at the account level, offering traders the flexibility to choose between 3x or 5x leverage depending on their risk appetite and trading strategy.

The determination of leverage and borrow amount is not arbitrary. Instead, it is carefully calculated based on the risk bracket of the loanable coin. This ensures that traders are borrowing within their risk tolerance and are not overexposed to potential losses.

Assets with higher leverage generally have lower borrowing limits. This is because higher leverage magnifies both profits and losses, making it a more risky proposition. BTCC recognizes this and adjusts borrowing limits accordingly to protect traders from excessive risk.

Conversely, assets with lower leverage possess higher borrowing limits. This allows traders to borrow larger amounts while maintaining a more conservative approach to leverage. It's a balance that BTCC strives to maintain, ensuring that traders have sufficient flexibility while still being mindful of risk.

BTCC, a leading cryptocurrency exchange in the UK, offers a comprehensive suite of services including spot trading, futures trading, and a secure wallet. These services cater to the diverse needs of crypto traders, providing a one-stop-shop for all their trading and storage requirements.