How to enable leverage on BingX mobile version

By following the simple steps outlined in the article, users can quickly and easily enable leverage on BingX's mobile trading platform, allowing them to amplify their potential profits (and losses) while trading cryptocurrency.

Nov 23, 2024 at 05:36 pm

How to Enable Leverage on BingX Mobile Version

BingX, a leading cryptocurrency exchange, offers leverage trading, allowing traders to magnify their potential profits (and losses). Enabling leverage on BingX's mobile version is a straightforward process that can be completed in a few simple steps.

Prerequisites:

• Create a BingX account and complete the KYC verification process.
• Fund your account with cryptocurrency or fiat currency.

Step 1: Access the Trading Terminal

• Launch the BingX mobile app and log into your account.
• Navigate to the "Markets" tab at the bottom of the screen.
• Select the trading pair you wish to trade with leverage.

Step 2: Select the Leverage Level

• Tap on the "Trade" button to open the trading terminal.
• Locate the "Leverage" section on the right-hand side of the screen.
• Select the desired leverage level from the drop-down menu. Options may range from 1x (no leverage) to 125x, depending on the trading pair and your account settings.

Step 3: Adjust (Optional) Additional Settings

• Margin Mode: Choose between "Cross Margin" (margin borrowed across all positions) or "Isolated Margin" (margin borrowed only for the specific position).
• Max Leverage: Set the maximum leverage you wish to use for this trading pair. This serves as a safety measure to prevent excessive leverage.

Step 4: Confirm and Begin Trading

• Carefully review the leverage settings to ensure they meet your risk tolerance and trading strategy.
• Check the collateral required for the selected leverage level.
• Tap on the "Confirm" button to enable leverage and start trading.

Note:

• Leverage can significantly amplify your profits, but also your losses. Always trade responsibly and within your risk appetite.
• BingX recommends starting with a low leverage level and gradually increasing it as you gain experience and confidence.
• Monitor your positions closely and adjust leverage accordingly based on market conditions.