$BTTC

How is cross margin trading done with 20x leverage?

Data:

- Initial capital (Margin): 10 dollars

- Leverage: 20x

(i.e., you can trade an amount = 10 × 20 = 200 dollars)

- Purchase price: 0.00000067 dollars

- Selling price: 0.00000074 dollars

1. How many coins can you buy?

Available amount = Capital × Leverage = 200 dollars

Number of coins = 200 ÷ 0.00000067 ≈ 298,507,463 BTTC coins

2. How much will you get from the amount upon selling?

Selling value = 298,507,463 × 0.00000074 ≈ 220.895 dollars

3. Calculate the total profit before fees and interests:

Profit = Selling value - Trading amount

Profit = 220.895 - 200 = 20.895 dollars

4. Calculate the net profit after deducting the initial capital:

You used 10 dollars of your own money, and the rest was a loan from the platform (repaying capital + interests + fees):

- Net profit:

20.895 dollars (your profit above your original capital of 10 dollars)

5. Fees and interests:

Trading fees (approximately 0.1% per transaction):

- Purchase fee: 200 × 0.1% = 0.20 dollars

- Selling fee: 220.895 × 0.1% ≈ 0.22 dollars

- Total fees: 0.42 dollars

Borrowing interest (approximate, varies by currency and time):

- Suppose you kept the trade for one day, and the daily borrowing interest is, for example, 0.02%:

- Daily interest = 200 × 0.02% = 0.04 dollars (a very small amount)

6. Final profit after all deductions:

- Total profit: 20.895 dollars

- Minus fees and interest: 0.42 + 0.04 = 0.46 dollars

Net profit = 20.895 - 0.46 = about 20.43 dollars

Done