With the rapid development of the cryptocurrency market in particular and the financial market in general, the lack of investment capital becomes one of the problems that many investors face. As of October 2022, Remitano exchange officially launched the product Margin 2x to the Invest trading channel, allowing users to double their existing investment, increasing investment opportunities in the market. At the same time, Remitano also launched an automatic stop loss and profit feature to help investors reduce risk during trading.
What is 2x Margin in Remitano?
As a popular form of investment in the cryptocurrency market, Margin Trading (also known as Margin Trading) is simply a way of borrowing money from the exchange to invest. First, you need to have an amount of money available on the exchange, called a margin. Thus, when using the margin, the exchange will lend n times the amount of the previous deposit. You have the opportunity to add a substantial return on your investment, but you pay interest over time on that loan. Understanding the benefits and risks of margin trading, Remitano launched Margin with safe double leverage. It is known that the interest rate is 9% per year and is calculated according to borrowing hours, equivalent to 0.001027% per hour.
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Try 2x Margin, More Capital, More Opportunities to Win
If you want to increase your investment capital for your trading, just follow these steps:
Step 1: First you log in to your Remitano account, then go to Invest and select the currency you want to buy. If you don't have an account, see the instructions for registering at the Remitano floor to create the fastest account.
step 2: Select 2X Margin mode, enter the amount of coins or investment capital you want to trade and select Create trade.
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Note: The amount of capital you use for trading will be double the capital you spend on loan interest of 0.001027% per hour
step 3: Confirm investment information by clicking Agree
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Thus, you have completed the transaction with a double investment of the initial capital through the 2x Remitano Margin feature. You can now view the details of the investment order you just created.
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Use take profit and stop loss functions
The cryptocurrency market is always subject to rapid and large volatility. In the past, financial investors in general and cryptocurrencies in particular often had to close/open orders from time to time during the time they were online on the exchange. This made trading difficult, as well as investors. . Therefore, from October 2022, Remitano floor launched the Invest Profit and Reduce Loss function to help investors set the profit and loss threshold they want. As a result, traders can save time by monitoring the market and become more comfortable in trading.
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The potential danger of the margin
To attract investors, many exchanges offer “attractive” margin levels, such as x10, x50, and up to x100 times the initial investment. This, of course, comes with high interest rates and risks when you lose. Specifically, if you use this service, you will have a limit on account settlement (also known as “account exhaustion”) if the risk of loss is too high.
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Epilogue
We hope that updating the new features of the Remitano floor will help investors to have a really interesting experience. Remitano's 2x Margin feature not only helps traders increase their investment capital, but especially if you are unfortunate enough to lose, the possibility of account burnout is also less likely than with leverage. Good luck with your choice.
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