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How to open leverage in the Bithumb mobile version

To activate leverage trading on Bithumb's mobile app, create an account, enable leverage in settings, select a leverage level, choose a trading pair, and follow the steps to open and manage positions responsibly.

Nov 09, 2024 at 04:12 pm

How to Open Leverage in the Bithumb Mobile Version

1. Create a Bithumb Account:

Before opening leverage, you must create a Bithumb account. This process involves providing personal information, including your name, address, and email address. You will also need to verify your identity by uploading a government-issued ID.

2. Enable Leverage Trading:

Once your account is created, you need to enable leverage trading. To do this, go to the "Settings" menu and select "Leverage Trading." You will need to read and agree to the terms and conditions before enabling leverage.

3. Choose a Leverage Level:

Bithumb offers a range of leverage levels, from 2x to 100x. The leverage level you choose will determine the amount of risk you are taking. Higher leverage levels amplify both profits and losses.

4. Select a Trading Pair:

You can only trade with leverage on certain cryptocurrencies. Bithumb offers a range of trading pairs, including BTC/USDT, ETH/USDT, and LINK/USDT. Select the trading pair you wish to trade with leverage.

5. Open a Position:

To open a leveraged position, go to the "Trade" menu and select the trading pair you wish to trade. Enter the amount of cryptocurrency you want to trade and select the leverage level you want to use.

6. Close a Position:

To close a leveraged position, go to the "Positions" menu and select the position you wish to close. Enter the amount of cryptocurrency you want to sell and select the "Close" button.

7. Manage Your Risk:

Leverage trading can be risky. To manage your risk, you should always use stop-loss orders and monitor your positions closely. You should also only trade with leverage money you can afford to lose.

Additional Tips for Opening Leverage in the Bithumb Mobile Version:

Use a stable internet connection to avoid any interruptions while trading.
Make sure you understand the risks involved with leverage trading before you start.
Start with a low leverage level until you become more experienced.
Monitor your positions closely and adjust your leverage as needed.
Only trade with leverage money you can afford to lose.

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