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  • Market Cap: $3.4448T 2.380%
  • Volume(24h): $175.5868B 63.410%
  • Fear & Greed Index:
  • Market Cap: $3.4448T 2.380%
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How to operate Poloniex leverage

Leverage trading on Poloniex enables users to enhance their potential gains or losses by borrowing funds from the exchange, requiring careful account setup, margin funding, and meticulous risk management.

Nov 26, 2024 at 05:44 pm

How to Operate Poloniex Leverage

Poloniex is a cryptocurrency exchange that offers leverage trading, allowing users to multiply their potential gains (and losses) by borrowing funds from the exchange. Operating leverage on Poloniex involves several key steps:

1. Enable Leverage Trading

  • Log in to your Poloniex account and navigate to the "Funding" tab.
  • Under "Margin Account," toggle the switch to "Enabled."
  • Review and accept the terms and conditions.

2. Fund Your Margin Account

  • Transfer funds from your spot wallet to your margin account.
  • Select the desired cryptocurrency and enter the amount you wish to transfer.
  • Confirm the transfer.

3. Choose a Trading Pair and Leverage

  • Navigate to the "Exchange" tab and select the trading pair you want to trade.
  • On the order form, select the "Margin" tab.
  • Enter the desired leverage, which can be up to 100x depending on the trading pair.

4. Place a Margin Order

  • Choose the order type (Market, Limit, Stop-Limit, or Stop-Market Order).
  • Enter the order quantity and price (if applicable).
  • Verify the order details and click the "Buy" or "Sell" button.

5. Monitor Your Margin Position

  • Go to the "Open Orders" tab to view your active margin orders.
  • The "Margin Used" field indicates the amount of borrowed funds used for the order.
  • The "Margin Level" shows the ratio of your equity to the borrowed funds.

6. Manage Risk

  • Set stop-loss orders to limit potential losses in case of adverse price movements.
  • Monitor your margin level closely and consider closing positions or adding collateral if the level falls below a certain threshold.
  • Be aware of the risk of liquidation if the margin level drops too low.

7. Close Your Margin Position

  • Go to the "Open Orders" or "Closed Orders" tab to find the margin order you wish to close.
  • Click the "Close" button and confirm the closure.
  • The borrowed funds will be returned to your margin account, and the position will be closed.

8. Withdraw Funds

  • Once your margin positions are closed, you can withdraw the funds from your margin account back to your spot wallet.
  • Navigate to the "Funding" tab and select the "Withdraw" option.
  • Choose the desired cryptocurrency and enter the withdrawal amount.
  • Confirm the withdrawal.

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.

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