How to open leverage in LBank mobile version

To initiate leveraged trading on the LBank mobile app, log in to your account, navigate to the Leveraged Trading page, choose a trading pair, set leverage parameters (including leverage and margin mode), and place an order.

Nov 23, 2024 at 09:42 pm

How to Open Leverage in LBank Mobile Version

Step 1: Log in to Your LBank Account

Launch the LBank mobile app on your device.
Enter your username and password. If you don't have an account, click "Sign Up" to create one.

Step 2: Navigate to the Leveraged Trading Page

Tap "Trade" from the bottom menu.
Select "Leveraged Trading" from the tab bar.

Step 3: Choose a Trading Pair

Scroll through the list of trading pairs or use the search bar to find the desired pair. For instance, to trade BTC/USDT with leverage, you would select "BTC/USDT-USDT."

Step 4: Set Leverage Parameters

Tap the "Leverage" button at the top, next to "Limit."
Enter the desired leverage. Supported leverage options vary depending on the trading pair and your account status. For beginners, it's advisable to start with lower leverage, such as 5x or 10x.
Select the "Isolated" or "Cross" margin mode. Isolated mode limits the potential loss to the funds invested in the leveraged position, while Cross mode uses all available funds in your margin account for collateral.

Step 5: Place an Order

Select "Buy" or "Sell" based on your trading strategy.
Enter the order details, including the leverage multiplier, order type, price, and amount.
Click "Place Order" to submit your trade.

Additional Notes:

Leverage trading amplifies both potential profits and losses. It's crucial to manage risk prudently and only use leverage when you have a sound understanding of its implications.
LBank offers a demo trading feature that allows you to practice leverage trading without risking real funds.
Monitor your leveraged positions regularly and adjust leverage or margin accordingly.

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