How much is the handling fee for DigiFinex 100 times leverage?

The handling fee for DigFinex 100x leverage is 0.05%, charged each time a leveraged position is opened or closed.

Nov 26, 2024 at 07:32 pm

How much is the handling fee for DigFinex 100x leverage?

Leverage trading is a type of margin trading that allows traders to increase their potential profits by borrowing funds from the exchange. This can be a risky strategy, as traders can lose more money than they initially invested. However, it can also be a rewarding strategy if used correctly.

DigiFinex is a cryptocurrency exchange that offers leverage trading on a variety of assets. The amount of leverage that you can use will vary depending on the asset that you are trading. For example, you can use up to 100x leverage on BTC/USDT pairs.

How much is the handling fee for DigiFinex 100x leverage?

The handling fee for DigiFinex 100x leverage is 0.05%. This means that if you borrow $100 from the exchange, you will pay a $0.05 handling fee. This fee is charged each time you open or close a leveraged position.

Here is a step-by-step guide on how to use 100x leverage on DigiFinex:

1. Create a DigiFinex account.

If you don't already have a DigiFinex account, you can create one by visiting the DigiFinex website.

2. Deposit funds into your account.

You can deposit funds into your account by clicking on the "Deposit" button on the DigiFinex website. You can deposit funds using a variety of methods, including wire transfer, credit card, and cryptocurrency.

3. Find the asset that you want to trade.

Once you have deposited funds into your account, you can find the asset that you want to trade by clicking on the "Markets" tab on the DigiFinex website.

4. Select the leverage that you want to use.

Once you have found the asset that you want to trade, you can select the leverage that you want to use by clicking on the "Leverage" button. You can use up to 100x leverage on BTC/USDT pairs.

5. Open a leveraged position.

Once you have selected the leverage that you want to use, you can open a leveraged position by clicking on the "Buy" or "Sell" button. You will need to specify the amount of the asset that you want to trade and the price at which you want to enter the trade.

6. Close your leveraged position.

Once you have opened a leveraged position, you can close it by clicking on the "Close" button. You will need to specify the price at which you want to close the trade.

7. Pay your handling fee.

When you close a leveraged position, you will be charged a handling fee. The handling fee is 0.05% of the total amount of the trade.

Here are some things to keep in mind when using 100x leverage on DigiFinex:

1. Leverage is a risky strategy. You can lose more money than you initially invested.
2. Only use leverage if you understand the risks involved.
3. Start with a small amount of leverage and gradually increase the amount as you gain experience.
4. Never use more leverage than you can afford to lose.
5. Be sure to close your leveraged positions before the market closes. If the market moves against you, you could be liquidated.