For those of you who have experience with trading and/or cryptocurrency, I am looking for advice on HitBTC's margin trading for leverage. I am interested in understanding the risks and benefits of using HitBTC, as well as any other tips or advice that you may have.
I am aware that margin trading means you are trading with borrowed funds, and that this could potentially amplify both gains and losses. However, I am not sure what other risks are associated with such trading, especially on HitBTC. Similarly, I am also not sure what the benefits may be, or how margin trading on HitBTC compares to margin trading on other platforms.
I would greatly appreciate any advice or information from anyone who has experience with HitBTC or margin trading in general.
I am aware that margin trading means you are trading with borrowed funds, and that this could potentially amplify both gains and losses. However, I am not sure what other risks are associated with such trading, especially on HitBTC. Similarly, I am also not sure what the benefits may be, or how margin trading on HitBTC compares to margin trading on other platforms.
I would greatly appreciate any advice or information from anyone who has experience with HitBTC or margin trading in general.