The Polkacity token POLC’s performance has been excellent with the Kucoin 3X isolated margin, creating a large volume. As a result, Kucoin opened POLC to be traded in the market for up to 10X. You can now use 5X cross margin and 10X isolated margin.
As you can see in the above image, simply go to https://www.kucoin.com/trade/POLC-USDT and select up to 10X margin. This level was decided by the Kucoin exchange after the POLC token was very successful in creating a large volume in 3X margin trading.
As we outlined previously in this article, margin trading carries risks; cross margin and isolated margin carry different risks and rewards. Cross margin requires a bit more finesse as it is shared among all your positions. It prevents quick liquidation as you will have more funds to use in your arsenal. Isolated margin is a bit safer, that’s why it was provided with 10X borrowing.
The process involves the transfer, then you borrow the money, trade, and then repay.
Here is a kucoin video on margin trading for beginners:
Margin trading, as outlined by Kucoin is carried out in four steps:
1. Transfer principal to your margin account
2. Borrow funds from the Funding Market
3. Margin trade (Buy long/Sell short)
4. Repay loans
Polkacity Links
Website: https://polkacity.io
Twitter: https://twitter.com/PolkaCity
Telegram: https://t.me/Polkacity
Medium: https://polkacity.medium.com/
Reddit: https://www.reddit.com/r/polkacity/
Youtube: https://www.youtube.com/c/PolkaCity
Huobi: https://www.huobi.com/en-us/finance-beta/deposit/polc/
Bitfinex: https://trading.bitfinex.com/t/POLC:USD
Kucoin: https://trade.kucoin.com/trade/POLC-USDT
Gate.io: https://www.gate.io/trade/POLC_USDT
Digifinex: https://www.digifinex.com
Hotbit: https://www.hotbit.io/exchange?symbol=POLC_USDT
Bittrex: https://global.bittrex.com/Market/Index?MarketName=USDT-POLC
Ascendex.com: https://ascendex.com/en/cashtrade-spottrading/usdt/POLC
BitMart: https://www.bitmart.com/
Github: https://github.com/POLKACITY
Coingecko: https://www.coingecko.com/en/coins/polkacity
NFT sales: https://www.polkacity.io/polka-city-new-asset-marketplace
Opensea NFT trading: https://opensea.io/assets/polka-city-asset
Opensea 3D assets: https://opensea.io/collection/polka-city-3d-asset
MXC: https://www.mxc.com/trade/pro#POLC_USDT
Coinbase Charts: https://www.coinbase.com/price/polka-city
DEXTOOLS https://www.dextools.io/app/uniswap/pair-explorer/0xb5bd39fc0c57d902271ba6c5cd89c1510a37c0dd
UNISWAP https://app.uniswap.org/#/swap?inputCurrency=0xaa8330fb2b4d5d07abfe7a72262752a8505c6b37
PANCAKE https://pancakeswap.finance/swap?outputCurrency=0x6ae9701b9c423f40d54556c9a443409d79ce170a
