Spot trading
Comprehensive Manual to Bitget Spot Margin Trading
2022-12-02 07:3121841
1. What is Bitget spot margin trading?
Bitget spot margin trading allows users to borrow assets for trading by locking up funds as margin, thereby amplifying trading profitability with a smaller investment. It's important to note that while profits can be amplified greatly, so can potential losses.
2. How to make spot margin trades?
2.1 Enable margin trading: Head to the margin trading page and agree to the terms and conditions of the risk agreement.
2.2 Transfer: Transfer the margin to your margin account.
2.3 Trade: Go long to buy bullish coins with borrowed stablecoins or go short to profit from bearish coins
Auto-borrow is enabled by default on Bitget spot margin trading. You can control your maximum borrowable amount by adjusting the leverage.
2.4Close the position and repay: Select
Assets >
Quick Repayment to repay. Alternatively, you can select
Position >
Close at Market Price to repay the loan.
3. Learn about risk ratio control for safer margin trading.
Risk ratio refers to the ratio of debts calculated by the system to assets when users hold spot margin trading positions. When the risk ratio is 80% or above, the position is subject to a margin call. At 100% or above, the position will be subject to partial or full liquidation.
Methods to reduce risk ratio and secure funds:
3.1 Increase your margin. Users can transfer funds to increase margin so as to better control the risk ratio.
3.2 Close positions partially to repay loans. Users can partially close their positions to repay debt.
4. Margin insurance fund
Bitget holds a margin insurance fund to make up for any losses incurred by traders upon a margin call and/or liquidation. The fund is replenished through liquidation fees and profits from spot margin trading, coming into play when investors are unable to repay their margin loans and interest. This will prevent users from excessive losses and negative equity.
To learn more about spot margin trading and generate higher profits, refer to:
Disclaimer
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are advised to conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses.
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