I'm trying to understand the meaning of 5x and 10x in the context of Binance. Are these related to leverage trading or something else? I want to know how these multipliers affect my trades and the potential risks and rewards associated with them.
7
answers
MysticRainbow
Thu Apr 24 2025
At 5x leverage, the trader's capital is multiplied by five, further increasing the potential gains.
Ilaria
Thu Apr 24 2025
Binance provides traders with varied leverage options to enhance their trading capabilities.
StarlitFantasy
Thu Apr 24 2025
These leverage levels include 3x, 5x, and 10x, allowing traders to multiply their capital accordingly.
Martina
Thu Apr 24 2025
With 3x leverage, a trader's initial capital is tripled, offering greater potential for profit.
SamuraiHonor
Wed Apr 23 2025
The highest leverage option, 10x, multiplies the trader's capital tenfold, which can lead to substantial profits if the trades are successful.