Are you a crypto trader looking for gains (LFG), ready to magnify your gains or maybe you are an experienced trader and in search for a lower risk leverage trading solution to amplify your gains with a small investment portfolio?

Look no further, because in this article I am going to guide you on how to use one of the most popular leverage trading solutions with an ongoing promo that will make you scream out loud TGIF - Thank God it’s Friday!

Yes BINANCE MARGIN- FUNDAY FRIDAY allows Binance Margin Traders to claim a share from the whopping 20% Margin trading fee pool on every friday.

I know you are already itching to find out how to be eligible to participate in this awesome opportunity; but before we go into details of how to participate in this juicy BINANCE MARGIN promo, let’s nose-dive into finding out what Binance Margin Trading is, what are some benefits and tips to use it. We will also consider the benefits and everything you need to know in order to ape into this Friday Funday Promo.

What is Binance margin trading?

Binance Margin trading is a crypto trading solution that allows you trade assets using borrowed funds provided by a third party- in this case funds provided by Binance Exchange. Unlike spots trading accounts, using Binance margin accounts allow subscribed traders with small investment capital to access extra funds, allowing them to leverage their positions.

So basically; Binance margin trading lets you trade with lower risk leverage of 3x for cross margin or up to 10x for Isolated margin which is a much lower risk limit compared to Futures leverage trading that can allow you leverage higher risks of up to 125x.

So to make it easier to understand- This trading option affords you to use a small investment capital and ultimately amplifies your trading wins as well as your trading losses significantly and requires careful study of the market sentiments and the use of effective risk management methods in order to maximize larger profits on profitable trades and minimize losses.

For example; Steve who has $200 worth of USDT can enter a position worth $1000 USDT using a 5x leverage position. This means that Binance will borrow Steve the balance $800 worth of USDT to complete the trade and he will be required to pay a meager hourly interest and he will be allowed to take the profits or the loss generated from the borrowed funds used to complete the trade.

What are some benefits of using Margin?

Some of the great benefits of Margin trading with leverage are outlined below:

• Enjoy the Possibility of higher profits due to the high trading volume owning to the leveraged trading positions.
• It can help to diversify trading options enabling traders to open several positions with relatively small amounts of investment capital.
• It can make it easier for traders to open positions quickly without having to shift large sums of money to their accounts.

At this point it is noteworthy to highlight the following Risks:

• Margin trading carries a substantial risk and the possibility of both significant profits and losses.
• A previous gain is not a guarantee or indication of any positive future returns.
• All of your margin balance may be liquidated in the event of extreme price movement
• You are the only one responsible for the results your trades return
• You can lose significantly if risk mitigation tools, such as stop-limit orders and proper risk management techniques are ignored.

Having highlighted these risks, it is now important to consider some helpful tips that experienced and successful margin traders employ to trade margin responsibly and will surely make you a successful margin trader.

Tips for Trading Margin Responsibly

Here are some trading tips to guide you trade margin responsibly and safely:

• Understand the fundamentals of Margin trading,
• Use risk mitigation tools, such as stop-limit orders and proper risk management techniques,
• Use lower leverage you can manage and control
• Pay attention to your margin levels to know when to reduce your loan or increase your collateral
• Do your risk analysis, technical analysis and consider market sentiments before entering positions,
• Learn how to hedge your positions for safer trades
• Endeavor to pay back your borrowed position when in profits

Now that we have an understanding of what Binance Margin Trading involves, let’s now go into details of what is the BINANCE MARGIN FUNDAY FRIDAY promo, how and why you should participate in it.

What is Binance Margin - Funday Friday?

The Binance Margin- Funday Friday is a new and ongoing promo feature on the Binance Exchange that allows all Binance Margin traders who are eligible to enjoy and claim a share of the 20% trading income of Binance Margin. The Reward amount is based on the user's average daily margin trading and borrowing volume as a proportion of all eligible users’ average daily margin trading and borrowing volume.

This is another one of the many initiatives that Binance is continuously employing to give back to its traders to show appreciation for the trading activities of Binancians.

What makes a Margin Trader Eligible to participate in this promotion?

To be eligible to participate, first you would need to create a verified Binance Margin account by clicking here, and then complete the KYC verification. If you already have a KYCed Binance account that you currently trade crypto with; simply go to https://www.binance.com/en/margin/margin-happy-friday?ref=65177765 and set up a margin trade.

To be eligible to claim rewards, ensure that your daily average Margin trading volume is 1000 BUSD or more or your average daily borrow amount should be no less than 100 BUSD. Note that Users from the restricted countries are currently not supported.

This promo started from Friday Jan 14, 2022 09:00 (UTC) and will continue until further notice. For the rules and distribution of this promo, kindly check here

How to participate in the Binance Margin- Funday Friday

For a complete guide on how to participate in margin trading promo; see the image below:

How to Set up a Binance Margin Trade

To set up a margin Trade

• Open a Binance account, complete KYC,
• Open a margin trading account,
• Transfer collateral to your Binance Margin account,
• Go to the Margin Trade window and click Transfer as shown in the image above, select the token, input the amount and choose where you are transferring the fund from and click confirm.
• Next select the margin option whether cross margin or isolated margin and place a trade.
• Trade to meet the eligibility to claim rewards by ensuring that your daily average Margin trading volume is 1000 BUSD or more or make sure your average daily borrow amount should be no less than 100
• Claim your bonus when distributed weekly every Friday from 09:00
• Follow the same process weekly to continue claiming your bonus weekly.

   

  Conclusion:

  If you are interested in trading leverage margin, take heed to follow the tips highlighted in this article in order to trade responsibly and make great gains. Remember to use risk mitigation tools and proper risk management techniques to protect your funds and maximize profitability while minimizing losses.

  No doubt, margin trading can help you to amplify the profits of successful trades if used properly; it could also magnify losses if the asset price action turns against your market prediction.

  Crypto trading in general has risks and Margin trading share the same DNA; so there is a risk that you could lose a percentage of your investment or even all of your investment funds, hence you must claim responsibility of your investment returns by trading safely.

  This article was personally researched and written to enlighten crypto investors and should not be viewed as a financial advice or an investment guide. Always do your own research!

  

   

  Before investing in any crypto related products such as Margin Trading, it is best that you take time to do more research on margin trading, or consider looking up Binance Margin Trading Guide on Binance Academy.