BitZ launches Margin Trading capabilities to meet diverse trading methods.
Hope you enjoy it.
1. Margin trading is a spot trading model based on margin lending which helps investors to amplify their profits by paying a certain amount of principal as a margin in exchange for 3 times the available amount.
2. Margin trading is a form of currency trading with higher risks than ordinary currency trading. Please pay attention to control risks.
3. Margin trading can be used to do long and short two currencies in trading pair:
a. Long: For example, if a trading pair that supports margin is A/B, if you want to go long trading currency A, you will borrow the base currency B, and all buys will be replaced by A. When the price rises to the ideal price, you can sell it to replace B. At this time, after repaying borrowed B and generated interest, the remaining B is the profit for this long;
b. Short: For example, if a trading pair that supports margin is A/B, if you want to go short trading currency A, you will borrow the base currency A, and all buys will be replaced by B. When the price drops to the ideal price, you can sell it to replace A. At this time, after borrowing A and having generated interest, the remaining A is the profit for this short.
4. Leverage rate(Last updated:15:00 on June 27, 2019 UTC+8): BTC daily rate is 0.02%;USDT daily rate is 0.06%.
BitZ reserves the right to modify the leverage rate at any time based on market conditions.
Margin Trading provides BTC/USDT trading pairs with up to 3x leverage.
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Thank you for your support!
April 25, 2019