Kucoin 5X Cross and 10X Isolated Margin Open for POLC
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
Opensea NFT trading: https://opensea.io/assets/polka-city-asset
Opensea 3D assets: https://opensea.io/collection/polka-city-3d-asset
Coinbase Charts: https://www.coinbase.com/price/polka-city