A Beginner's Guide to Binance Margin Trading Quiz Answers

Beginner's Guide to Binance Margin Trading

A beginner’s guide to Binance margin trading quiz answers is given below in this post. Just give all answers and get a 0.5 BUSD token voucher for free.

In margin trading, users borrow funds to engage in margin trading to increase their position size. Binance gives access to funds to users so that they can do leveraged trading.

Basically, the quiz questions are based on margin trading on the Binance exchange. Questions are shuffled and asked and therefore you need to be careful while attempting them.

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Margin Trading Answers

Question 1. Margin trading lets you:

Answer: Amplify your gains and losses

Question 2. What’s the benefit(s) of Binance margin trading?

Answer: All of the above

Question 3. What’s the maximum level of leverage Binance Margin provides?

Answer: 10X

Question 4. When receiving a margin call notification, what should you do?

Answer: Reduce your position to repay the debt or add more collateral into the margin account

Question 5. Where do Binance Margin traders place their orders?

Answer: Spot market

Question 6. What are the essential steps to start margin trading on Binance?

Answer: Deposit funds Into your Margin Account