Does Binance have margin trading? Not for futures

[WazY]

Hi everybody

I wonder if Binance have margin trading, but not for futures. I would like to choose 2x, 3x, 5x or something like that.

Does Binance have it?

Thx

[mnporter2001]

Binance has established margin trading functionality for a long time, they even offer the Futures service. You can refer to how to borrow money to create a margin account in Binance here:
https://www.youtube.com/watch?v=h5wZoNSynh8

[WazY]

Thanks for your reply.

Do you have any idea if Binance has a demo account? I don't mean this https://testnet.binancefuture.com because it is only for futures.

Please advice how to do test trades with margin.

[tbct_mt2]

Thanks for your reply.

Do you have any idea if Binance has a demo account? I don't mean this https://testnet.binancefuture.com because it is only for futures.

Please advice how to do test trades with margin.

You can test with very small money. To avoid troubles you can use one account for margin trade. It helps you avoid panic when your margin trades are in troubles and you will send all of your crypto to margin. In most terrible market, your order will be liquidated and you will lose all your money in that account.

As 4 year investors and traders I don't force you to use margin trades if you are in borrows, loans and don't understand the trade, formula of margin levels and liquidations.

[Rodeo02]

Thanks for your reply.

Do you have any idea if Binance has a demo account? I don't mean this https://testnet.binancefuture.com because it is only for futures.

Please advice how to do test trades with margin.

I don't find it in binance only spot and futures . If you want you can use other exchange as alternative just for practice your trade there, and once you learn it you can now try it in your binance account .

List of trading sites that has demo https://www.hedgewithcrypto.com/bitcoin-demo-trading/. Just check on the list if what exchange that have demo  margin .

[WazY]

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List of trading sites that has demo https://www.hedgewithcrypto.com/bitcoin-demo-trading/. Just check on the list if what exchange that demo for margin .
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@Rodeo02  Thanks