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What is the maximum leverage for Poloniex delivery contracts?
Poloniex delivery contracts let traders speculate on future cryptocurrency prices with maximum leverage varying based on underlying asset and contract duration; for Bitcoin contracts, it's 100x.
Nov 26, 2024 at 01:28 am
What is the Maximum Leverage for Poloniex Delivery Contracts?
Poloniex is a cryptocurrency exchange that offers a wide range of trading products, including spot and margin trading, futures contracts, options, and lending. Delivery contracts are a type of futures contract that allows traders to speculate on the future price of an underlying asset, such as Bitcoin or Ethereum.
The maximum leverage for Poloniex delivery contracts varies depending on the underlying asset and the contract duration. The following table lists the maximum leverage for Poloniex delivery contracts for some of the most popular underlying assets:
Underlying Asset | Maximum Leverage |
---|---|
Bitcoin (BTC) | 100x |
Ethereum (ETH) | 100x |
Binance Coin (BNB) | 50x |
Ripple (XRP) | 50x |
Litecoin (LTC) | 50x |
How to Set Leverage on Poloniex Delivery Contracts
To set leverage on Poloniex delivery contracts, follow these steps:
- Log in to your Poloniex account and click on the "Derivatives" tab.
- Select the "Delivery" tab and choose the underlying asset that you want to trade.
- Select the contract duration that you want to trade.
- Enter the amount of leverage that you want to use.
- Click on the "Place Order" button.
Example
For example, if you want to trade a BTC delivery contract with 10x leverage, you would follow these steps:
- Log in to your Poloniex account and click on the "Derivatives" tab.
- Select the "Delivery" tab and choose BTC as the underlying asset.
- Select the contract duration that you want to trade, such as the BTC-USD Perpetual contract.
- Enter the amount of leverage that you want to use, such as 10x.
- Click on the "Place Order" button.
Risks of Using High Leverage
Using high leverage can amplify both profits and losses. If the market moves in your favor, you can make a large profit. However, if the market moves against you, you can lose a large amount of money, even more than your initial investment.
It is important to use leverage responsibly and only trade with funds that you can afford to lose. You should also have a sound trading strategy and a risk management plan in place before using leverage.
Conclusion
Poloniex delivery contracts offer traders a way to speculate on the future price of cryptocurrencies with high leverage. However, it is important to use leverage responsibly and only trade with funds that you can afford to lose.
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.
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