A small report on the Cross Margin Coupon 🐱
🎁 The 0% interest coupon for Cross Margin is used to request Loans and here I explain step by step
⚠️ This coupon helps you trade with more money in Cross Margin
Example: I only have $5 but with the loan I would be trading with $20
Steps to request the loan and recommendations:
1.- We go to Margin and click on options
2.- In Features we find the Loan option
3.- ⚠️ The most important thing happens in this step:
a.- Binance lends you money based on the money you have
b.- Binance will also charge interest for every hour you trade with the borrowed money BUT WITH THE DISCOUNT COUPON THIS WILL NOT HAPPEN
c.- If the Trading operation goes wrong, Binance will close your trades preventing you from owing money, of course you will end up losing all your money, so I will lose my $5 😿
That would be all 🐱
⚠️ Remember that you can lose your money but if you are good in the world of Trading this is a great help
📈 I recommend watching a video in case it wasn't clear and I hope for a Like at least because undoubtedly this is very tedious
