How to open leverage on Upbit mobile version

To initiate leverage trading on Upbit, log in to your account, navigate to the "Leverage Trading" page, set leverage parameters, place an order, and monitor your position.

Nov 12, 2024 at 01:01 pm

Step 1: Log in to Your Upbit Account

Ensure you have an active Upbit account with sufficient funds.
Launch the Upbit mobile app and enter your login credentials.
Once logged in, you will be directed to the main dashboard.

Step 2: Navigate to the Leverage Trading Page

Tap on the "Trade" tab located at the bottom of the screen.
Select your desired currency pair from the drop-down menu.
Scroll down and click on the "Leverage" button.

Step 3: Set Leverage Parameters

The leverage ratio determines the multiplier applied to your trade.
The higher the leverage, the greater the potential returns and risks.
Choose an appropriate leverage ratio based on your risk tolerance and market conditions.
Set the "Stop Loss" and "Take Profit" orders to manage your risk and secure profits.

Step 4: Place an Order

Decide on the direction of your trade (long or short).
Enter the amount you wish to trade in BTC or other currency.
Review the order details, including the leverage ratio, trade size, and potential profit/loss.
Click on the "Confirm" button to execute the trade.

Step 5: Monitor Your Position

Once the trade is placed, you can monitor its progress in the "Open Orders" section.
The "Margin Ratio" indicates the amount of funds allocated as margin for your levered trade.
Keep track of market movements and adjust your orders as needed to minimize risk and maximize returns.

Additional Considerations:

Risks of Leverage Trading: Leverage trading amplifies both profits and losses. It is crucial to understand the associated risks and trade cautiously.
Margin Calls: If your margin ratio falls below a certain threshold, Upbit may issue a margin call, requiring you to deposit additional funds or reduce your position.
Margin Interest: Leveraged trades incur margin interest, which can impact your profitability. Consider the interest rates before entering into a leverage trade.
Avoid Overtrading: Leverage trading can be alluring, but it is essential to avoid overtrading and stick to your trading plan.

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

VON

$0.0...04772

57.72%

Trade Now
CARV

$0.4756

34.56%

Trade Now
CKB

$0.0071

24.27%

Trade Now
MNT

$0.1651

22.87%

Trade Now
SHELL

$0.6063

21.68%

Trade Now
SAFE

$0.5488

18.16%

Trade Now

Latest Crypto News

Bitcoin Price Likely to Hit $81k Says Analyst While This Altcoin Rises 234x in Days
2025-02-28 09:15:33
Ripple's altcoin XRP falls 0.95% on February 27th, with weekly and monthly timeframes revealing a not-so-optimistic outlook.
2025-02-28 09:15:33
Ripple Releases Its 2025 Strategic Development Plans, Focusing on Enhanced Institutional DeFi and Lending
2025-02-28 09:15:33
Web3Bay Presale Soars Past $1.54M as Bitcoin Drops to $95,000
2025-02-28 09:10:33
Seeking high-growth cryptos in this market chaos? Bitcoin, XRP, and other cryptocurrencies tried to recover early Thursday
2025-02-28 09:10:33
Bitcoin (BTC) Exchange-Traded Funds (ETFs) Offering Staking Capabilities Could Significantly Boost Institutional Engagement
2025-02-28 09:10:33

Related knowledge

What are the risk control methods in Bitcoin contract trading?

Feb 28,2025 at 06:07am

What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?

Feb 28,2025 at 01:06am

How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?

Feb 27,2025 at 08:19pm

What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?

Feb 28,2025 at 02:49am

How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?

Feb 28,2025 at 04:25am

Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?

Feb 28,2025 at 03:43am

What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...