Market Cap: $3.2227T 0.100%
Volume(24h): $118.9161B -31.230%
Fear & Greed Index:

38 - Fear

  • Market Cap: $3.2227T 0.100%
  • Volume(24h): $118.9161B -31.230%
  • Fear & Greed Index:
  • Market Cap: $3.2227T 0.100%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to open leverage on Poloniex mobile version

Leverage trading on Poloniex's mobile app involves understanding the risks, enabling margin trading, funding the account, selecting a trading pair, placing a trade with adjusted leverage, and closely monitoring the position's performance.

Nov 23, 2024 at 05:02 pm

How to Open Leverage on Poloniex Mobile Version

Step 1: Understand Leverage Trading

Leverage trading in cryptocurrency involves utilizing borrowed funds to amplify your trading positions and potentially increase profits. However, it also magnifies potential losses. Traders must possess a thorough understanding of leverage and risk management strategies before engaging in leveraged trading.

Step 2: Create a Poloniex Account

Open the Poloniex mobile app and click on the "Sign Up" button. Fill out the registration form with your personal details and create a strong password. Once your account is verified, you can proceed to the next step.

Step 3: Enable Margin Trading

  • Launch the Poloniex mobile app and log in to your account.
  • Navigate to the "My Funds" page and click on the "Margin Trading" tab.
  • Read and agree to the margin trading terms and conditions.
  • Enable margin trading by toggling the switch.

Step 4: Fund Your Account

Before you can open leveraged positions, you need to fund your Poloniex account. You can do this by transferring existing funds from another exchange or purchasing cryptocurrency directly through Poloniex.

Step 5: Select a Trading Pair

Navigate to the "Exchange" section of the Poloniex app. From the drop-down menu, choose your preferred trading pair. For example, if you want to trade Bitcoin with 2x leverage, select "BTCUSDT."

Step 6: Place a Trade

  • On the trading page, enter the amount of the base currency (e.g., BTC) that you want to trade.
  • Adjust the "Leverage" slider to the desired level.
  • Click on the "Buy" or "Sell" button.

Step 7: Monitor Your Position

After placing a leveraged trade, you can monitor its progress by navigating to the "Positions" tab. Keep a close eye on the position's performance and adjust your strategy accordingly.

Step 8: Close Your Position

When you are ready to close your position, navigate to the "Positions" tab and select the desired trade. Click on the "Close Position" button to complete the transaction.

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.

Related knowledge

How to buy coins on Binance mobile version

How to buy coins on Binance mobile version

Feb 04,2025 at 07:36pm

Key Points:Set up a Binance accountFund your Binance accountFind the coin you want to buyCreate a buy orderReview and confirm your orderStep-by-Step Guide:1. Set Up a Binance AccountDownload the Binance app from the App Store (iOS) or Google Play Store (Android).Create an account by providing your email address, password, and phone number.Verify your id...

How to view the market value ranking on Binance

How to view the market value ranking on Binance

Feb 03,2025 at 09:42am

Key PointsBinance is one of the leading cryptocurrency exchanges in the world.Binance provides a variety of features, including the ability to view the market value ranking of cryptocurrencies.The market value ranking is a list of cryptocurrencies, sorted by their total market capitalization.The market capitalization of a cryptocurrency is calculated by...

How to trade after recharging on Binance

How to trade after recharging on Binance

Feb 03,2025 at 09:36pm

Key PointsUnderstand the Binance platform and its features.Fund your Binance account through various methods.Choose the right trading pair and order type.Monitor your trades and adjust your strategy as needed.Explore advanced trading options for increased efficiency.Detailed Guide on How to Trade After Recharging on Binance1. Understanding the Binance P...

How to create an address for withdrawal from Binance

How to create an address for withdrawal from Binance

Feb 05,2025 at 12:31am

Key Points:Understand the concept of cryptocurrency addressesGenerate a new address for withdrawal on BinanceVerify the address before withdrawing fundsSecurely store your cryptocurrency addressesMonitor your withdrawal transactionsHow to Create an Address for Withdrawal from Binance1. Understand Cryptocurrency AddressesA cryptocurrency address is a uni...

How to recharge Binance with QR code

How to recharge Binance with QR code

Feb 03,2025 at 10:36pm

Key Points:Utilize Binance's QR code for a seamless recharge experienceUnderstand the process of generating a QR code for Binance depositsIdentify various methods for recharging Binance through QR codesExplore the advantages and security aspects of using QR codes for Binance rechargesComprehensive Guide to Recharging Binance with QR CodeStep 1: Generati...

How to buy spot from Binance

How to buy spot from Binance

Feb 04,2025 at 05:24pm

Key Points:Understand the concept of spot trading on Binance.Create a Binance account and complete KYC verification.Fund your Binance account with supported currencies.Navigate the Binance spot trading interface.Place a spot trading order: Market order or limit order.Manage your spot trading portfolio and track orders.How to Buy Spot from Binance: A Com...

How to buy coins on Binance mobile version

How to buy coins on Binance mobile version

Feb 04,2025 at 07:36pm

Key Points:Set up a Binance accountFund your Binance accountFind the coin you want to buyCreate a buy orderReview and confirm your orderStep-by-Step Guide:1. Set Up a Binance AccountDownload the Binance app from the App Store (iOS) or Google Play Store (Android).Create an account by providing your email address, password, and phone number.Verify your id...

How to view the market value ranking on Binance

How to view the market value ranking on Binance

Feb 03,2025 at 09:42am

Key PointsBinance is one of the leading cryptocurrency exchanges in the world.Binance provides a variety of features, including the ability to view the market value ranking of cryptocurrencies.The market value ranking is a list of cryptocurrencies, sorted by their total market capitalization.The market capitalization of a cryptocurrency is calculated by...

How to trade after recharging on Binance

How to trade after recharging on Binance

Feb 03,2025 at 09:36pm

Key PointsUnderstand the Binance platform and its features.Fund your Binance account through various methods.Choose the right trading pair and order type.Monitor your trades and adjust your strategy as needed.Explore advanced trading options for increased efficiency.Detailed Guide on How to Trade After Recharging on Binance1. Understanding the Binance P...

How to create an address for withdrawal from Binance

How to create an address for withdrawal from Binance

Feb 05,2025 at 12:31am

Key Points:Understand the concept of cryptocurrency addressesGenerate a new address for withdrawal on BinanceVerify the address before withdrawing fundsSecurely store your cryptocurrency addressesMonitor your withdrawal transactionsHow to Create an Address for Withdrawal from Binance1. Understand Cryptocurrency AddressesA cryptocurrency address is a uni...

How to recharge Binance with QR code

How to recharge Binance with QR code

Feb 03,2025 at 10:36pm

Key Points:Utilize Binance's QR code for a seamless recharge experienceUnderstand the process of generating a QR code for Binance depositsIdentify various methods for recharging Binance through QR codesExplore the advantages and security aspects of using QR codes for Binance rechargesComprehensive Guide to Recharging Binance with QR CodeStep 1: Generati...

How to buy spot from Binance

How to buy spot from Binance

Feb 04,2025 at 05:24pm

Key Points:Understand the concept of spot trading on Binance.Create a Binance account and complete KYC verification.Fund your Binance account with supported currencies.Navigate the Binance spot trading interface.Place a spot trading order: Market order or limit order.Manage your spot trading portfolio and track orders.How to Buy Spot from Binance: A Com...

See all articles

User not found or password invalid

Your input is correct