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How to Make $100 a Day Trading Crypto on Margin
Making $100 a day trading crypto on margin is the easiest thing.
It’s very achievable.
This is particularly so when a trader is well versed with the spot market and they have invested a considerable amount of their own money.
The high volatility of crypto also makes it very doable.
Trading crypto on margin means that the exchange loans you money for your trades. This could be three to ten times your invested funds on Binance depending on the value or the specific trading pair and the leverage that you wish. The exchange also charges you interest for this in addition to regular trading fees.
You can read a full guide on trading cryptocurrency on margin here. A guide on trading crypto on the spot market is also available here. Making $100 a day on the spot market can also be found here.
Spot versus margin
Unlike the spot market where a trader can only gain from their invested funds, margin trading allows traders to also gain from borrowed funds in addition to their own.
A trader could make 3 to 10 times the profits they would have made trading the same asset on margin than they would on the spot market.
