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Author: Admin | 2025-04-27
— and sell — two bitcoins. You would not be able to borrow more (e.g. three bitcoins), because $10,000 needs to be kept as collateral.Having sold two bitcoins, you would have an extra $20,000 in your account. However, you would need to return two BTC at a later date, so hopefully the price of bitcoin would quickly decline to a point where you could buy 2 BTC, return it, and have a nice profit left over.To do this, click the Repay tab under Buy BTC. Set the price and amount (e.g. 2 BTC), and then click Margin Buy BTC. Doing this will close your short position, and hopefully, you’ll have made a profit.These are the fundamentals of how short-selling works on Binance. However, you need to bear in mind that the exchange will charge a handling fee and interest, with bitcoin having a daily interest fee of 0.02% (equivalent to 7.3% per year). As such, you need to account for additional costs when short selling crypto on margin.The Kraken Terminal icon is highlighted in red above.With Kraken, you can do the following to short sell a cryptocurrency (also see Kraken’s support pages for further info):Log into your account and click on the Trade tab. Once in Trade, choose the pair you’d like to short with (e.g. BTC/USD) and then click on the Kraken Terminal icon (it looks like a chart) in the top-right corner.Once in the Kraken Terminal, scroll to the right, to the trading form. At first, this form
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