Blockchain.com boosting user convenience as they introduces Bitcoin margin trading

 

Blockchain.com boosting user convenience as they introduces Bitcoin margin trading 

On October 12, Blockchain's crypto exchange announced the addition of margin trading to its platform. Margin trading, according to the statement, has been a widely sought-after tool by users all around the world. As a result, the platform wanted to use the component to improve the convenience of its services.

This option will be available to 150 countries around the world, allowing them to take advantage of its profitable leverage. Fees as low as 0.12 percent each day are another benefit of the margin trading option, which is a useful card in keeping its relevance among competitors.

You can start your margin trading if you meet the criteria set by Blockchain.com. It is only available for users who are gold-verified and depending on the country you are in. Currently, the option is not present for the US, Japan, Canada, UK, Netherlands, France, Italy among others. More details are available when dealing with the margin trading agreement.

Increasing demand for margin trading

Since the onset of the crypto market boom, margin trading has become a necessary part of the crypto sector. It was not the case a few years ago, as the market was skeptical about derivatives. However, the growing crypto market can limit some retail investors wishing to get their hands on the vast cryptos.

That being said, margin trading options are a way to trade a bigger position while you have a lesser amount. If you wish to buy a certain crypto amount but have inadequate funds, margin trading will help you achieve that.

The steps you need to start your margin trading on Blockchain.com are straightforward, saving users the hassle of complex UIs. Signup and login to your account and choose margin on the trade ticket option.

It would be wise to do extensive research before beginning margin trading to avoid unpleasant outcomes. You can continue to select the leverage that suits your investment interests, between 2x or 5x. A point worth mentioning is higher leverage puts you in a riskier position than lower leverage.

You need to choose the type and amount of collateral you expect to use to open a position and place an order. Blockchain.com gives users a stop-loss option to minimize risks during margin trading, allowing the platform to close off unprofitable positions for you. Blockchain.com still insists that users exercise caution during their trade and understand what they will be putting on the line.