How to adjust the current leverage in CoinW

By adjusting leverage on CoinW, traders can fine-tune their risk exposure while capitalizing on their trading strategies, taking into account factors like market volatility and potential losses.

Nov 14, 2024 at 10:17 am

How to Adjust the Current Leverage in CoinW

Understanding Leverage Trading on CoinW

Leverage trading is a strategy that allows traders to amplify their potential profits by borrowing capital from the exchange. However, it also amplifies potential losses, making it crucial to manage leverage carefully. CoinW offers customizable leverage options, allowing traders to adjust their exposure to suit their risk tolerance.

Steps to Adjust Current Leverage on CoinW

1. Log in to Your CoinW Account:

   • Access the CoinW website or mobile app and sign in to your account.
   • Ensure you have sufficient funds in your trading account to cover potential losses.

2. Navigate to Futures Trading Page:

   • Click on the "Futures" tab in the top menu bar.
   • Select "Coin-Margined Perpetual" or "USDT-Margined Perpetual" based on your preference.

3. Choose Your Trading Pair:

   • From the "Market" drop-down menu, choose the trading pair you wish to trade.
   • For this guide, we will select "BTC/USDT" as an example.

4. Modify Leverage Setting:

   • Click on the "Leverage" drop-down menu located near the "Price" chart.
   • Select the desired leverage level. CoinW offers a wide range of leverage options, typically starting from 1x and increasing incrementally to 125x.
   • Please note that higher leverage increases potential profits but also amplifies potential losses.

5. Confirm Leverage Adjustment:

   • A pop-up window will appear, confirming the leverage adjustment.
   • Click on "Confirm" to apply the new leverage setting.

Additional Considerations:

• Risk Management: Leverage trading involves significant risk. Traders should carefully assess their risk tolerance and adjust leverage accordingly.
• Maintenance Margin: CoinW requires traders to maintain a certain amount of margin to cover potential losses. Insufficient margin may result in liquidation.
• Margin Call: If the market moves against the trader's position, CoinW may issue a margin call, requiring them to deposit additional funds or reduce their position.
• Partial Position Adjustment: CoinW allows traders to adjust their leverage on a partial basis, meaning they can increase or decrease leverage on a portion of their position while keeping the rest at the same leverage.

Example:

To illustrate the leverage adjustment process, let's consider the following scenario:

• You have a BTC/USDT position with a leverage of 50x.
• The market moves in your favor, and you want to increase your leverage to capitalize on the gains.
• Navigate to the "Leverage" drop-down menu and select 100x.
• Confirm the leverage adjustment in the pop-up window.
• Your current leverage will now be 100x, amplifying both your potential profits and losses.