BicnexThe operation of isolated margin is basically the same as that of cross margin, which is divided into the following steps:
- Enter the margin trading page
- Transfer collateral to the Margin Account
- Borrow funds from the Funding Market
- Margin trade (Buy long / Sell short)
- Repay loans
1. Enter the margin page
Log in to your account and click [Market]->[Margin Trading].
Click [Pairs] on the upper left corner and select a trading pair such as (BTC/USDT)
Click [Margin] in the lower right corner to switch to the margin mode.
2. Transfer collateral to the Margin Account
Click [Transfer] to transfer collateral to or out of your Margin Account.
In the Transfer pop-up window, select the margin account and the trading pair you want to trade (such as BTC/USDT), select the [Coin] (USDT or BTC), enter the [Amount], then transfer funds to the corresponding margin account.
3. Borrow funds from the Funding Market
Click [Borrow] to borrow funds.
In the Borrow pop-up window, choose the [Coin] to borrow. Enter the [Amount] and click [Confirm].
4. Margin trade (Buy long / Sell short)
Take long in BTC/USDT trading pair as an example.
Trade: borrow USDT from the Funding Market to buy BTC.
Close the position: When the BTC price goes up, sell the BTC you bought before back for USDT.
PS: You can also select [Automatic Borrowing] or [Automatic Repayment] to carry out [Margin Buy] or [Margin Sell].
5. Repay loans
After realizing your profit, you can repay your debt (amount borrowed + interest) by clicking [Repay].
In the Repay pop-up window, select the [Coin] and enter the [Amount] to repay, then click [Confirm].
We hope this article has been helpful. If you have any other questions, please reach out to our 24/7 customer support.
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