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Title: Question about margin trading and repaying. Post by: TankCoin on December 16, 2020, 07:09:05 PM On Binance, let's say I put 100 USDT into a margin account and do 10x leverage, borrowing to do it,
so I can then trade with 1,000 USDT. Then I get liquidated at 10x. Do I owe the exchange $1,000? If I never had $1,000 to start with (I only had $100) how does that work? Title: Re: Question about margin trading and repaying. Post by: JeromeTash on December 16, 2020, 09:58:49 PM The 100 USDT you deposited will act as a collateral and there is a specific liquidation price where your 100 USDT collateral will get liquidated should things go south. Once you get liquidated you won't own them anything since they have already taken the 100 USDT you deposited.
Read this to understand. https://academy.binance.com/en/articles/binance-margin-trading-guide https://academy.binance.com/en/articles/what-is-margin-trading https://www.binance.com/au/support/faq/360030851071-What-is-Margin-Trading Title: Re: Question about margin trading and repaying. Post by: TankCoin on December 17, 2020, 02:28:13 AM Cheers, I was panicking before wondering about it lol.
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