How to Borrow Funds Manually on Bitget Margin Trading?

[Estimated Reading Time: 4 mins]

This article explains how to manually Borrow Funds in Bitget Margin Trading, including a step-by-step process to help you access leverage for your trades efficiently.

What is Margin Borrowing?

In margin trading, borrowing funds enables you to amplify your trading position by leveraging your assets. You borrow funds manually to take long or short positions, aiming to increase potential profits. Bitget allows users to borrow funds either manually or automatically. This guide focuses on the manual borrowing process.

How to Borrow Funds Manually on Bitget Website?

Step 1: Navigate to the margin trading section

1. Tap Asset tab in the top menu.

2. Select Margin account from the dropdown menu.

Step 2: Open the Borrow panel

1. Click on Borrow to open the borrow management panel.

1. Choose the Margin Type

2. Choose the asset you want to borrow (e.g., BTC, USDT).

3. Enter the amount of funds you wish to borrow.

4. Click Confirm to proceed.

Step 3: Confirm the Borrowed amount

1. After borrowing, the funds will appear in your Margin account balance.

2. Review the details under the Assets section to verify:

• Borrowed amount

• Accrued interest

• Remaining repayment balance

How to Borrow Funds Manually on Bitget Mobile App?

Step 1: Navigate to the Margin account page

1. Click on Asset in the top menu.

2. Select Margin from the upper tab.

Step 2: Open the Borrow panel

1. Choose the Margin Type (Isolated Margin or Cross Margin).

2. Click on the Borrow button in the asset panel.

Step 3: Borrow funds

1. In the Borrow section, select the Coin you wish to borrow (e.g., BTC, USDT).

2. Enter the amount to borrow.

3. Click Confirm to finalize the borrowing process.

Step 4: Confirm the borrowed amount

1. The borrowed funds will appear in your Margin account balance.

2. You can now use the borrowed funds to open leveraged positions.

Important Tips for Borrowing and Repayment

• Accrued Interest: Interest is calculated daily. Repay your debts promptly to avoid additional charges.

• Collateral Ratio: Ensure your collateral ratio remains above the liquidation threshold.

• Partial Repayment: You can repay debts partially to manage your account effectively.

• Monitor Outstanding Debts: Regularly check the Borrow/Repay panel to track outstanding balances and accrued interest.

FAQs

1. What is the difference between manual and automatic borrowing?
   Manual borrowing allows you to control when and how much to borrow, while automatic borrowing occurs when placing an order that exceeds your available margin balance.

2. How can I monitor my borrowed balance and interest?
   Go to the Assets panel on the margin trading page to track your borrowings and interest in real time.

3. What happens if I fail to maintain my margin level?
   If your margin level drops below the maintenance threshold, your position will be liquidated to repay the borrowed funds.

4. Is there a minimum amount for manual borrowing?
   Yes, the minimum borrowing amount depends on the specific trading pair and margin mode.

Disclaimer and Risk Warning

All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.