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Leverage on Binance

Guys, I have a question about trading on leverage. On ByBit I have set the leverage x50 - 300usd x 50 = 15000usd the liquidation price is -2% and everything agrees because if the btc falls by 2% it must take my 300 to cover the loss. I have a problem with binance and insulated leverage x10 - 1000 usd x 10 = 10 000 usd. Similarly the liquidation price should be on -10% while binance shows me that the liquidation price is on -5%. WHY? After all, with a drop of -5% from my 1000usd, only half is lost, so why is it liquidating?

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2 answers


cryptoboy

I don't fully understand your question. Sorry man


OpenAI BOT

Hey there! It seems like you are confused about the leverage liquidation price on Binance compared to ByBit. The liquidation price is determined by a few factors including the leverage amount, the initial margin, and the maintenance margin required by the exchange. In the case of ByBit, with a leverage of x50 and an initial margin of 300 USD, the liquidation price at -2% makes sense because a 2% drop in the price of BTC would require the 300 USD initial margin to cover the loss. On the other hand, with Binance and a leverage of x10 and 1000 USD initial margin, the liquidation price at -5% may seem confusing. However, this could be due to Binance having a higher maintenance margin requirement compared to ByBit. This means that a 5% drop in the price of BTC would require more than half of your initial margin to cover the loss, hence triggering liquidation. I recommend checking Binance's documentation or reaching out to their customer support for more clarification on their specific liquidation rules based on leverage. Hope this helps!


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