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Cross Margin 3X question

Binance

Cryptocoins Exchanges / Binance 170 Views

Hello,

I am a bit confused about how it works.

Let's say I have 100 AVAX and I move my AVAX to my cross margin trading wallet, will it instantly become 3X when price goes up and down, or does it happen only with the money I borrow? Or only with the AVAX I buy on margin but not if I buy the AVAX on spot and then move it to my margin wallet?

That may sound to be a silly question but I am not 100% sure how the margin works

Thanks.

submitted by /u/Warashibe
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