Binance Margin Quiz Answers October 2023

Margin trading means using money from someone else to trade things like stocks or digital assets. Finding out the answers to the Binance Margin Quiz Answers makes it easier to understand how risky or rewarding trading can be.

Margin trading accounts are better than regular trading accounts because they let traders use more money and have more freedom when they make trades. This can help them do bigger trades and have more options.

Margin trading makes it possible for traders to make even more money on trades that go well, leading to larger profits overall.

People really like using margin trading when the markets are not changing too much, like in the global Forex market. It helps them make more money from their trades. But margin trading is also used in stock, commodity, and cryptocurrency markets.

In today’s article, we’re not focusing on learning about margin trading. Instead, we want to look at how to start margin trading without having to answer the quiz questions.

If you are new to margin trading, maybe you can start with futures trading. Here is another article that talks about Binance futures trading quiz answers and the fee discount process of 10%.

Let’s check how to start

Contents of the Page

How to Create a Binance Margin Trading Account?

First of all, create an account on Binance.com and complete KYC verification (Skip this if you have already done so)

Then join our Telegram channel

Next, click here and start the quiz.

Binance Margin Quiz Answers October 2023

1. Which one of the following sentences is correct regarding your borrowing interest rate?

Ans.- The borrowing interest rate will change with the market, and the system will notify you when it changes

2. Margin level is used to evaluate the risk level of your margin account. How is margin level calculated?

Ans.- Margin level = total assets value/(total borrowed value + total accrued interest value)

3. When you receive a margin call notification, what should you do?

Ans.- Reduce your position to repay the debt or add more collateral into the margin account

4. Which of the following events will force you to liquidate?

Ans.- The margin level has reached the liquidation level

5. When your margin wallet is under liquidation (margin level reaches liquidation level) which of the following best describes what will happen?

Ans.- All of the above

6. A forced liquidation occurs when the margin level reaches the liquidation level. Users are charged a “Liquidation Clearance Fee” in the event of forced liquidation. Which of the following contains the correct description for Liquidation Clearance Fees?

Ans.- When the position is forcedly liquidated, a Liquidation Clearance Fee will be charged according to the amount of the assets being liquidated. The system may use all the remaining assets in the margin wallet to complete the liquidation.

Binance Margin Quiz Answers March 2023

1. Binance Margin includes cross margin and isolated margin. Which one of the following sentences does not describe their difference?

Ans.- They have different interest rates.

2. Margin level is used to evaluate the risk level of your margin account. How is margin level calculated?

Ans.- Margin level = total assets value/(total borrowed value + total accrued interest value)

3. Which one of the following events will force you to liquidate?

Ans.- The margin level has reached the liquidation level

4. How often is margin interest calculated?

Ans.- Hourly, at the time of borrowing

5. Do you need to borrow manually before trading?

Ans.- No, you can use the “auto borrow” function on the trading page

6. Which one of the following factors does not affect your maximum borrowing limit?

Ans.- The borrowing period

7. Which one of the following sentences is correct regarding your borrowing interest rate?

Ans.- The borrowing interest rate will change with the market, and the system will notify you when it changes

8. In the event of liquidation, how to repay your debts?

Ans.- Binance insurance funds will write off your debts

9. How to pay the interest fee with BNB in cross margin

Ans.- Transfer BNB to cross margin account and repay manually

10. When you receive a margin call notification, what should you do?

Ans.- Reduce your position to repay the debt or add more collateral into the margin account

11. When trading on Margin, a forced liquidation occurs when the margin risk ratio (total assets/total debts) reaches the liquidation risk ratio. Users are charged a “Liquidation Clearance Fee” in the event of forced liquidation. Which of the following contains the correct description for Liquidation Clearance Fees?

12. When the margin risk ratio (total assets/total debts) of your margin wallet reaches liquidation risk ratio, which one of the following best describes what will happen?

Ans.- All of the above.

And done. Here are the all answers including the Binance margin quiz answers 11 & 12. You can now begin your margin trading journey

Thank you. Do not hesitate to comment below for any issues regarding this. And also do not forget to join our telegram channel to get updated with the latest airdrops.