-
Bitcoin
$84,333.2225
-0.20% -
Ethereum
$1,927.0087
0.28% -
Tether USDt
$1.0000
-0.01% -
XRP
$2.3835
-1.72% -
BNB
$608.9368
2.64% -
Solana
$135.4918
0.29% -
USDC
$0.9999
-0.02% -
Cardano
$0.7425
-0.90% -
Dogecoin
$0.1748
0.58% -
TRON
$0.2202
-1.18% -
Pi
$1.5189
3.90% -
Chainlink
$13.9805
-0.26% -
UNUS SED LEO
$9.8034
0.03% -
Toncoin
$3.4566
16.64% -
Stellar
$0.2740
-1.48% -
Avalanche
$19.6269
5.38% -
Hedera
$0.1913
-1.60% -
Shiba Inu
$0.0...01285
0.54% -
Sui
$2.3406
-1.47% -
Litecoin
$92.2782
0.14% -
Polkadot
$4.3331
2.23% -
Bitcoin Cash
$338.6521
1.81% -
MANTRA
$6.6345
5.37% -
Ethena USDe
$0.9997
-0.02% -
Dai
$1.0000
0.00% -
Bitget Token
$4.4563
0.71% -
Hyperliquid
$14.1147
-1.29% -
Monero
$211.5786
0.32% -
Uniswap
$6.2354
2.51% -
Aptos
$5.3486
1.00%
How to make money with DigiFinex leverage
Leverage trading on DigiFinex offers the potential for enhanced returns, but it's crucial to be fully aware of the inherent risks, including potential for significant losses due to liquidation and margin calls.
Nov 26, 2024 at 12:06 am

How to Make Money with DigiFinex Leverage
DigiFinex is a cryptocurrency exchange that offers a variety of services, including margin trading. Margin trading allows you to trade cryptocurrencies with borrowed funds, which can potentially increase your profits. However, it is important to understand the risks involved in margin trading before you get started.
Step 1: Create a DigiFinex Account
The first step is to create a DigiFinex account. To do this, you will need to provide your email address, create a password, and agree to the terms of service. Once you have created an account, you will need to verify your email address.
Step 2: Deposit Funds into Your Account
Once you have verified your email address, you will need to deposit funds into your account. You can do this by transferring cryptocurrency from another wallet or by purchasing cryptocurrency with a credit card or debit card.
Step 3: Enable Margin Trading
Once you have deposited funds into your account, you will need to enable margin trading. To do this, you will need to click on the "Margin" tab on the DigiFinex website. Once you have clicked on the "Margin" tab, you will see a button that says "Enable Margin Trading." Click on this button and follow the instructions on the screen.
Step 4: Choose a Trading Pair
Once you have enabled margin trading, you will need to choose a trading pair. A trading pair is two cryptocurrencies that are traded against each other. For example, you could choose to trade BTC/USDT, which means that you would be trading Bitcoin (BTC) against Tether (USDT).
Step 5: Set Your Leverage
Once you have chosen a trading pair, you will need to set your leverage. Leverage is the amount of borrowed funds that you will use to trade. The higher your leverage, the greater your potential profits, but also the greater your risk. If you are new to margin trading, it is recommended that you start with a low leverage, such as 2x or 5x.
Step 6: Place Your Order
Once you have set your leverage, you can place your order. To do this, you will need to specify the amount of cryptocurrency that you want to trade and the price at which you want to trade it. You can also choose to place a market order or a limit order. A market order will be executed immediately at the current market price, while a limit order will only be executed if the price reaches a certain level.
Step 7: Manage Your Position
Once you have placed your order, you will need to manage your position. This means that you will need to monitor the price of the cryptocurrency and make adjustments as necessary. If the price of the cryptocurrency moves in your favor, you will make a profit. However, if the price of the cryptocurrency moves against you, you will lose money.
Step 8: Close Your Position
Once you have made a profit or loss, you will need to close your position. To do this, you will need to click on the "Close Position" button on the DigiFinex website. Once you have closed your position, you will receive your profits or losses back in your account.
Risks of Margin Trading
Margin trading can be a very profitable way to trade cryptocurrencies, but it also carries a high level of risk. Before you start margin trading, it is important to understand the risks involved.
- Liquidation: If the price of the cryptocurrency moves against you, you could lose your entire investment.
- Margin call: If your losses reach a certain level, you may receive a margin call, which means that you will need to add more funds to your account or close your position.
- Volatility: The price of cryptocurrencies can be very volatile, which means that you could lose money quickly if the price moves against you.
If you are not comfortable with the risks involved in margin trading, it is best to avoid it. However, if you are willing to take the risk, margin trading can be a great way to increase your profits.
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.
- 🚀 $USTC Breakout in Full Swing – Bulls Targeting $0.015
- 2025-03-16 11:30:55
- Here are some advanced price predictions for Pepe Coin (PEPE) in 2030 from various sources:
- 2025-03-16 11:25:55
- How Donald Trump Turned Cryptocurrency Into a Pyramid Scheme
- 2025-03-16 11:25:55
- Dogecoin miners have unloaded 65 million icons in the last 48 hours
- 2025-03-16 11:25:55
- BNB's Recent Performance Shows Promising Signs
- 2025-03-16 11:25:55
- As its pre-sale moves forward quickly - the third stage token price is $0.02
- 2025-03-16 11:25:55
Related knowledge

What are the reasons why Coinbase cannot buy cryptocurrency?
Mar 16,2025 at 12:06pm
Key Points:Coinbase's inability to purchase cryptocurrency can stem from various user-side issues, including account restrictions, payment method problems, and insufficient funds.Technical glitches on Coinbase's platform, regional restrictions, and regulatory compliance measures can also prevent users from buying crypto.Understanding the specific reason...

How do domestic users trade OTC on OKX?
Mar 15,2025 at 05:21am
Key Points:OKX's OTC (Over-the-Counter) trading service facilitates peer-to-peer cryptocurrency transactions, bypassing traditional exchanges.Domestic users face challenges due to regulatory restrictions in various countries. OKX's OTC service might not be fully accessible or legal depending on your specific location.The process involves finding a selle...

How do domestic users use the DApp browser on OKX?
Mar 16,2025 at 05:25am
Key Points:OKX doesn't directly offer a dedicated DApp browser in the traditional sense. Instead, it integrates DApp access through its existing platform.Users primarily interact with DApps through links provided by OKX or by connecting their OKX wallet to supported DApps directly.Security is paramount when using DApps, so understanding the risks and ve...

How do domestic users view transaction history on OKX?
Mar 15,2025 at 06:51am
Key Points:OKX provides a detailed transaction history accessible through its website and mobile app.Accessing the history requires logging into your verified OKX account.The transaction history displays various details, including timestamps, asset pairs, amounts, and fees.Users can filter and search their transaction history for specific trades.Downloa...

How do domestic users withdraw cash on OKX?
Mar 15,2025 at 04:26pm
Key Points:OKX doesn't directly support fiat withdrawals for all regions. Users must utilize third-party services or P2P trading to convert cryptocurrency to fiat currency.The specific methods available depend on the user's location and the chosen cryptocurrency.Understanding KYC/AML regulations is crucial for successful withdrawals.Security best practi...

How do I bind a bank card to my account of OKX?
Mar 15,2025 at 11:50am
Key Points:OKX doesn't directly support bank card binding for fiat currency deposits.Deposits are made through third-party payment providers integrated with OKX.The process varies depending on your region and chosen payment method.Security is paramount; always use reputable payment providers and verify transactions.Understanding fees and processing time...

What are the reasons why Coinbase cannot buy cryptocurrency?
Mar 16,2025 at 12:06pm
Key Points:Coinbase's inability to purchase cryptocurrency can stem from various user-side issues, including account restrictions, payment method problems, and insufficient funds.Technical glitches on Coinbase's platform, regional restrictions, and regulatory compliance measures can also prevent users from buying crypto.Understanding the specific reason...

How do domestic users trade OTC on OKX?
Mar 15,2025 at 05:21am
Key Points:OKX's OTC (Over-the-Counter) trading service facilitates peer-to-peer cryptocurrency transactions, bypassing traditional exchanges.Domestic users face challenges due to regulatory restrictions in various countries. OKX's OTC service might not be fully accessible or legal depending on your specific location.The process involves finding a selle...

How do domestic users use the DApp browser on OKX?
Mar 16,2025 at 05:25am
Key Points:OKX doesn't directly offer a dedicated DApp browser in the traditional sense. Instead, it integrates DApp access through its existing platform.Users primarily interact with DApps through links provided by OKX or by connecting their OKX wallet to supported DApps directly.Security is paramount when using DApps, so understanding the risks and ve...

How do domestic users view transaction history on OKX?
Mar 15,2025 at 06:51am
Key Points:OKX provides a detailed transaction history accessible through its website and mobile app.Accessing the history requires logging into your verified OKX account.The transaction history displays various details, including timestamps, asset pairs, amounts, and fees.Users can filter and search their transaction history for specific trades.Downloa...

How do domestic users withdraw cash on OKX?
Mar 15,2025 at 04:26pm
Key Points:OKX doesn't directly support fiat withdrawals for all regions. Users must utilize third-party services or P2P trading to convert cryptocurrency to fiat currency.The specific methods available depend on the user's location and the chosen cryptocurrency.Understanding KYC/AML regulations is crucial for successful withdrawals.Security best practi...

How do I bind a bank card to my account of OKX?
Mar 15,2025 at 11:50am
Key Points:OKX doesn't directly support bank card binding for fiat currency deposits.Deposits are made through third-party payment providers integrated with OKX.The process varies depending on your region and chosen payment method.Security is paramount; always use reputable payment providers and verify transactions.Understanding fees and processing time...
See all articles
