How I Make Money With Binance Margin Trading

And you can too!

Photo by Pasja1000 on Pixabay

I have been trading cryptocurrencies on Binance for a year now.

In the beginning, it was very intimating to be honest. And it wasn’t going very well. (You know I like to keep it real) After months of learning and lots of practice, I have gotten better at it.

When I started, I was only trading crypto on the spot market. Which I think is a good place to start for a beginner. I even wrote a story about how to make $100 a day trading crypto on the spot market that has been very well received.

Binance Margin Trading

After horning my spot trading skills, I have since started trading crypto on margin on Binance.

This has helped me amplify my profits.

I actually paid my rent this month with proceedings from my margin trading on Binance. (True story!)

Other than trading an asset on the spot market with just my invested funds, with Binance margin trading, the platform loans me money to trade with on top of my own. It’s a very nice deal.

This loan is between 3x to 10x my invested funds.

For example: If I have $500 of my own money to trade margin with and I choose a trading pair with a 3x margin, Binance with…