Contract

Text

How to open leverage in Bybit mobile version

By enabling leverage trading on the Bybit mobile app, traders can magnify their potential profits and losses, but they must carefully consider their risk tolerance and monitor positions closely.

Nov 12, 2024 at 08:56 pm

How to Open Leverage in Bybit Mobile Version:

Download and Install the Bybit App:
- Visit the Apple App Store or Google Play Store and search for "Bybit."
- Download and install the official Bybit app.
Create an Account:
- Open the Bybit app and tap "Sign Up" to create a new account.
- Enter your email address, set a secure password, and select your region.
- Provide additional personal information and complete the verification process.
Enable Leverage Trading:
- Once your account is verified, navigate to the "Settings" tab in the bottom menu.
- Select "Leverage Settings" and toggle the switch next to "Enable Leverage."
- Set the desired leverage level by adjusting the slider (e.g., 10x, 20x, or 50x).
- Read and agree to the terms and conditions before confirming.
Note Important Considerations:
- Determine the appropriate leverage level based on your risk tolerance and trading strategy.
- Higher leverage amplifies both potential profits and losses.
- Margin trading involves the use of borrowed funds and can result in significant financial loss.
- Monitor your positions closely and manage risk effectively.
Open a Leveraged Trade:
- Navigate to the "Trade" tab in the bottom menu and select the desired trading pair (e.g., BTC/USDT).
- In the "Order" section, select "Margin" as the account type.
- Choose an order type (e.g., Market, Limit, or Conditional).
- Calculate the desired trade size based on your leverage level.
- Preview the order details and confirm the trade.
Monitor and Manage Your Leveraged Position:
- Once the trade is executed, it will appear in your "Open Orders" tab.
- Keep track of profit/loss, liquidation price, and margin requirements.
- Adjust or close the position as necessary to manage risk and secure profits.
- Monitor market conditions and stay informed on price movements.
Disable Leverage When Needed:
- If you no longer wish to trade with leverage, navigate to "Settings" > "Leverage Settings."
- Disable the "Enable Leverage" switch to turn off leverage trading.
- Once disabled, you will only be able to trade using your available spot balance.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SCRT

$0.4995

127.13%

Trade Now
CSPR

$0.0183

107.21%

Trade Now
ACA

$0.1012

60.41%

Trade Now
OM

$3.49

51.63%

Trade Now
MemesAI

$0.0824

42.61%

Trade Now
DOG

$0.0067

32.03%

Trade Now

Latest Crypto News

Dogecoin and Rexas Finance (RXS) Are Receiving Boosting Attention from Investors
2024-11-17 22:35:15
Rexas Finance (RXS) - The Revolutionary Project Exploring the Potential of Real-World Asset Tokenization and DeFi Solutions
2024-11-17 22:35:15
XYZVerse: The Meme Coin That Aims to Revolutionize the Sports Industry
2024-11-17 22:35:15
Amid NFT Market Surge, Here Are 10 Best NFT Market Platforms to Trade NFTs
2024-11-17 22:35:15
Bitcoin Dogs Could Be Next up to Enjoy the Spotlight
2024-11-17 22:35:15
MicroStrategy CEO Michael Saylor Highlights Bitcoin's Value Amid Economic Challenges
2024-11-17 22:35:15

Related knowledge

How much are the daily fees for perpetual contract trading?

Nov 17,2024 at 04:59pm

How Much Are the Daily Fees for Perpetual Contract Trading?Understanding Perpetual Contract Trading FeesPerpetual contract trading involves speculating on the future price of an underlying asset without having to take physical delivery. Like any financial transaction, this type of trading incurs fees that can impact profitability. Traders must be aware ...

How to play Upbit usdt contract

Nov 15,2024 at 02:04pm

How to Play Upbit USDT ContractIntroductionUpbit is one of the leading cryptocurrency exchanges in South Korea. It offers a variety of trading options, including spot trading, margin trading, and futures trading. Upbit also offers a USDT contract, which is a type of futures contract that is denominated in USDT.Benefits of Playing Upbit USDT ContractTher...

How to calculate Upbit contract rate

Nov 15,2024 at 04:47am

A Comprehensive Guide to Calculating Upbit Contract RatesUpbit, a leading South Korean cryptocurrency exchange, offers a comprehensive suite of trading options, including cryptocurrency spot trading, margin trading, and futures contracts trading. Futures contracts are financial instruments that allow traders to speculate on the future price of an asset,...

Will Upbit perpetual contract blow up

Nov 17,2024 at 10:32pm

Will Upbit Perpetual Contract Blow Up?IntroductionUpbit, the largest cryptocurrency exchange in South Korea, recently launched perpetual contracts, a new type of derivative instrument. Perpetual contracts are similar to futures contracts, but they do not have an expiry date. This means that traders can hold positions indefinitely, or until they decide t...

How long does it take for Upbit contract settlement

Nov 14,2024 at 10:10pm

How Long Does It Take for Upbit Contract Settlement?Upbit, a renowned South Korean cryptocurrency exchange, offers a diverse range of trading options, including spot trading and contract trading. Contract trading, also known as futures trading, allows traders to speculate on the future price movements of underlying assets without taking physical possess...

Upbit How to open a 10x contract

Nov 17,2024 at 02:38pm

Upbit: A Comprehensive Guide to Opening a 10x Contract1. IntroductionUpbit, one of the largest cryptocurrency exchanges in the world, offers a variety of trading options to its users, including 10x contracts. These contracts allow traders to leverage their positions, potentially increasing their profits or losses. However, it's important to understand t...