How Poloniex adjusts current leverage

Poloniex dynamically adjusts leverage levels based on factors such as market volatility, account size, and trading history to mitigate risks and optimize trading conditions for its users.

Nov 23, 2024 at 04:32 am

How Poloniex adjusts current leverage

Current Leverage Levels

Poloniex offers leverage trading for a variety of cryptocurrency pairs. The maximum leverage available varies depending on the pair being traded, but can be as high as 100x.

Factors Affecting Leverage

Poloniex adjusts leverage levels based on a number of factors, including:

• Market volatility: When market volatility is high, Poloniex may reduce leverage levels to mitigate risk.
• Account size: Accounts with smaller balances may have lower leverage limits.
• Trading history: Traders with a history of successful trading may be granted higher leverage limits.

How to Adjust Leverage

Traders can adjust their leverage levels by following these steps:

1. Log in to your Poloniex account.
2. Click on the "Margin Trading" tab.
3. Select the pair you want to trade.
4. Enter the amount you want to trade.
5. Select the leverage you want to use.
6. Click on the "Buy" or "Sell" button.

Example

For example, if you want to trade BTC/USDT with 10x leverage, you would:

1. Log in to your Poloniex account.
2. Click on the "Margin Trading" tab.
3. Select BTC/USDT.
4. Enter the amount of BTC you want to trade.
5. Select 10x leverage.
6. Click on the "Buy" or "Sell" button.

Reducing Leverage

If you want to reduce your leverage, you can follow the same steps as above, but select a lower leverage level.

Increasing Leverage

If you want to increase your leverage, you can contact Poloniex support. Poloniex will review your account and trading history to determine if you are eligible for a higher leverage limit.

Additional Information

• Poloniex reserves the right to change leverage levels at any time.
• Traders should be aware of the risks of leverage trading and only use it with caution.
• Leverage trading can amplify both profits and losses.