How to open leverage in Deepcoin mobile version

How to Open Leverage in Deepcoin Mobile Version

Deepcoin is a popular cryptocurrency exchange that offers leverage trading. Leverage trading allows traders to borrow funds from the exchange to increase their potential profits. However, it is important to understand the risks involved in leverage trading before you begin.

To open leverage in Deepcoin mobile version, follow these steps:

1. Create an account. If you don't already have a Deepcoin account, you will need to create one. You can do this by downloading the Deepcoin app from the App Store or Google Play Store. Once you have downloaded the app, tap on the "Sign Up" button and follow the instructions on the screen.
2. Verify your identity. Once you have created an account, you will need to verify your identity. This is required by law in order to trade on Deepcoin. To verify your identity, tap on the "Verify" button in the app and follow the instructions on the screen.
3. Enable leverage trading. Once your identity has been verified, you will need to enable leverage trading. To do this, tap on the "Settings" button in the app and then tap on the "Leverage Trading" tab. On the Leverage Trading tab, tap on the "Enable Leverage Trading" button and follow the instructions on the screen.
4. Choose a trading pair. Once you have enabled leverage trading, you will need to choose a trading pair. A trading pair is two different cryptocurrencies that you can trade against each other. To choose a trading pair, tap on the "Markets" button in the app and then select the trading pair that you want to trade.
5. Select your leverage. Once you have chosen a trading pair, you will need to select your leverage. Leverage is the amount of funds that you are borrowing from the exchange. The higher the leverage, the greater your potential profits, but also the greater your risk of loss. To select your leverage, tap on the "Leverage" button in the app and then select the leverage that you want to use.
6. Place an order. Once you have selected your leverage, you can place an order. To place an order, tap on the "Buy" or "Sell" button in the app and then enter the amount of the order that you want to place.

Once you have placed an order, it will be executed immediately. It is important to monitor your orders closely and to close them out before you lose too much money.Here are some additional tips for leverage trading:

• Only trade with funds that you can afford to lose.
• Start with a small amount of leverage.
• Don't chase your losses.
• Close out your orders before you lose too much money.

If you follow these tips, you can help to reduce the risks involved in leverage trading.