What is the leverage feature in BitMEX and how does it work?

1 answers

• Dec 28, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers a similar leverage feature to BitMEX. With leverage, traders can open positions that are larger than their account balance, allowing them to potentially amplify their profits. However, it's important to understand that leverage also increases the risk of losses. Traders should carefully consider their risk tolerance and use leverage responsibly. BYDFi provides a range of leverage options, allowing traders to choose the level of risk they are comfortable with. It's always recommended to start with lower leverage and gradually increase it as you gain experience and confidence in your trading abilities.
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