An explanation for new traders
If you trade a BTC/USD contract, you use Bitcoin as collateral.
The same applies to BNB and some other currencies.
$BNB
You can open a Long position (expecting prices to rise) or a Short position (expecting prices to fall).@Binance Square Official
Profits and losses are calculated in Bitcoin, not dollars.
If you make a profit, you receive additional BTC; if you lose, your BTC balance decreases.
You can use leverage to increase the size of your position.
#BinanceSquareFamily
#BTC☀
If you trade a BTC/USD contract, you use Bitcoin as collateral.
The same applies to BNB and some other currencies.
$BNB
You can open a Long position (expecting prices to rise) or a Short position (expecting prices to fall).@Binance Square Official
Profits and losses are calculated in Bitcoin, not dollars.
If you make a profit, you receive additional BTC; if you lose, your BTC balance decreases.
You can use leverage to increase the size of your position.
#BinanceSquareFamily
#BTC☀