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What does Binance Spot 10x mean?
Coin-to-coin leveraged trading is essentially coin-to-coin trading. If you want to gain greater profits and losses through spot trading, but your principal is insufficient, you can use the leverage function of coin-to-coin leverage to borrow coins for spot trading. Borrowing coins will generate interest, and coin-to-coin leverage supports a maximum leverage of 0.01-10 times.
The 5x10x on the page refers to the maximum supported 5x coin-to-coin leverage or 10x coin-to-coin leverage.
Does Binance trading pair 5x mean 5x leverage trading?
Leveraged trading is a trading method that uses third-party funds to trade assets. Traders can use more capital to amplify their positions through the leverage effect of leveraged trading. This trading method also amplifies the gains and losses of transactions. Traders can achieve greater returns on profitable transactions or suffer greater losses when the market moves in the opposite direction.
1. Log in to your account and select [Trade]-[Margin Trading] to enter the margin trading page.
You can click [Trade]-[Leverage] on the mobile app to enter the leverage trading page.
2. Watch the tutorial video to quickly master the basic knowledge of leverage. Click [Start Test].
3. Answer all the questions correctly to open a leverage account.
4. Transfer the margin and start leveraged trading.
All order types in the CoinSafe and Isolated Margin trading interfaces support the following three trading modes:
Normal: Directly use the existing digital assets in the margin account to place buy/sell orders. Generally, users will manually borrow and repay on the margin platform.
Automatic borrowing: Automatically borrow digital assets to place buy/sell orders based on the user's maximum leverage. In short, it is equivalent to "borrowing + (normal) ordering".
Note: The loan is completed once the order is successfully placed, and the loan has nothing to do with the order transaction.
Due to market volatility, automatic borrowing may allow you to borrow a higher amount to avoid slippage, thereby increasing your order execution rate.
For manual borrowing, please directly click the transaction [Borrow] button to complete the loan.
Automatic repayment: After the buy/sell order is executed, the system automatically uses the received digital assets to repay the debt of the asset. In short, it is equivalent to "(ordinary) order + order execution + repayment".
The amount after the order is completed will automatically initiate the repayment of the currency debt. If the amount is not enough to repay the loan of the asset, it will try to repay it again. The amount of the second repayment is 90% of the amount of the first repayment. If both repayments fail, the system will stop the repayment and the user needs to repay manually. For details on manual repayment, please refer to How to Repay.
Repayment still follows the principle of paying back what you borrowed, paying interest first and then principal.
[Wallet] - [Margin Account] allows you to view assets, liabilities and income.
[Order] - [Margin Order] - [Order History/Loan History/Repayment History] - [Full Margin/Per Margin] to check all loan/repayment history.
If you cancel an automatic loan order, corresponding interest may also be generated. You can check your loan history through the [Repayment History] page.
Users can click [Auto] to turn on/off the automatic borrowing or automatic repayment function. When both the automatic borrowing and automatic repayment functions are turned off, it will be in [Normal] mode.
Check order status
You can view asset performance by clicking on the market dynamics icon. Then select [Chart], [Order Book] or [Trade].
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