Margin Trading Update for Bitbns Users
What is Margin Trading?
Margin Trading is basically the process of borrowing money from the Exchange to buy Cryptocurrencies. This allows you to buy more Cryptocurrencies with the amount of Money you have in your Trading Account.
Bitbns which is an Indian Exchange had already enabled Margin Trading at around April 2018 but it was only limited to 13 Cryptocurrencies but with the recent announcement from Bitbns, their users can now Margin Trade with 28 Cryptocurrencies.
BTC, ETH, XRP, XLM, EOS, ADA, LTC, USDT, TRX, BCHABC, NEO, DOGE, ETC, ONT, DOGE, ZIL, SC, ETN, POLY, GAS, DENT, XVG, DBC, NCASH, OMG, PHX, NPXS, ZRX
My Thoughts
Personally, I don't like trading a lot. I did try doing it and I have made some Money but I have also lost some. I did end up on the winning side but I feel like I might lose any time so I decided to stay away from Trading Cryptocurrencies on a regular basis.
That being said I know many people around the world love to Day trade and they also love the Margin Trading option which either ensures them nice Profits or Nice losses. So I feel like this new development on the Margin Trading aspect of Bitbns is kind of positive for those persons who like to Trade a lot. But guys if you don't have a nice knowledge about Margin Trading than I would suggest you to stay away from that option.
Thank you so much for the update!
Posted using Partiko Android
You got a 1.95% upvote from @minnowvotes courtesy of @arunava!
Defended (12.50%)
Summoned by @arunava
Sneaky Ninja supports @youarehope and @tarc with a percentage of all bids.
Everything You Need To Know About Sneaky Ninja
woosh
You got a 14.99% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
Hi @arunava!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.091 which ranks you at #3303 across all Steem accounts.
Your rank has dropped 1 places in the last three days (old rank 3302).
In our last Algorithmic Curation Round, consisting of 240 contributions, your post is ranked at #77.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server