How to play Upbit leverage trading on mobile

To initiate leverage trading on Upbit Mobile, create an account, fund it, enable leverage trading, choose a trading pair, set leverage and order details, monitor the position, and understand the associated risks.

Nov 09, 2024 at 07:20 am

How to Play Upbit Leverage Trading on Mobile

Step 1: Create an Upbit Account

• Visit the official Upbit website or download the mobile app.
• Click "Sign Up" and follow the prompts to create an account.
• Provide your personal information, including your name, email address, and phone number.
• Create a password and two-factor authentication (2FA).
• Verify your identity by uploading a government-issued ID.

Step 2: Fund Your Account

• Log in to your Upbit account and click "Deposit."
• Select the currency you wish to deposit and the deposit method (e.g., bank transfer, credit/debit card).
• Follow the on-screen instructions to complete the deposit process.

Step 3: Enable Leverage Trading

• Once you have funded your account, click "Settings" in the top right corner of the mobile app.
• Scroll down to "Trading" and tap "Enable Leverage Trading."
• Read and agree to the terms and conditions.
• You will need to provide additional information, such as your income and investment experience.
• Once your account is approved for leverage trading, you can start trading leveraged positions.

Step 4: Choose a Trading Pair

• Leverage trading is available on selected trading pairs.
• Click on the "Trade" tab in the mobile app and scroll down to the "Leverage" section.
• You will see a list of available trading pairs, along with the maximum leverage available for each pair.
• Choose a trading pair that you want to trade with leverage.

Step 5: Set Leverage and Order Details

• Once you have chosen a trading pair, you can set the leverage you want to use.
• The maximum leverage available varies depending on the trading pair and your account level.
• Enter the amount of the base currency you want to trade.
• Select the order type (e.g., limit order, market order).
• Set the price and stop-loss level for your order.

Step 6: Monitor and Manage Your Position

• Once you have placed your leveraged order, it will be executed immediately.
• You can monitor the status of your position in the "My Orders" section of the mobile app.
• You can also adjust the leverage and close your position at any time.

Step 7: Understand the Risks of Leverage Trading

• Leverage trading carries significant risks.
• You can lose more money than you initially invested.
• It is important to understand the risks before you start leverage trading.
• Use leverage only if you are an experienced trader and understand the risks involved.