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Earn More While Paying Low Interest On Binance Margin Trading
I recently wrote a piece laying out a simple step to step guide on Margin trading on Binance.
I stipulated how you can use borrowed funds to gain more profits without needing to invest more of your own money.
Here the platform lends you funds to trade and charges you an annual interest rate for as long as you are holding these funds. In the piece, I also explained the risks and benefits involved.
A good trader will greatly amplify their profits trading with leverage. It’s a sweet deal.
Lower interest rates on Binance!
Binance has made the deal even sweeter.
They have slashed their annual interest rates up to 80% when you trade BTC, ETH, BUSD and USDT.
This means that you could hold the borrowed assets longer and be charged less to keep holding and trading them.
In a good trade, it translates to you making more profits as the exchange will deduct fewer amounts from your gains and investments when you repay the borrowed funds.
Who benefits?
The higher your VIP level on the platform, the lower the interest rates.
