common-close-0
BYDFi
Trade wherever you are!

How to change leverage on a digital currency trading platform?

avatarGinoJan 15, 2022 · 3 years ago3 answers

Can you please explain how to change leverage on a digital currency trading platform? I'm new to trading and would like to understand the process.

How to change leverage on a digital currency trading platform?

3 answers

  • avatarJan 15, 2022 · 3 years ago
    Sure! To change leverage on a digital currency trading platform, you usually need to go to the settings or account section of the platform. Look for an option related to leverage or margin trading. Once you find it, you can select the leverage level you want to use. Keep in mind that higher leverage can amplify both profits and losses, so it's important to use it wisely and understand the risks involved.
  • avatarJan 15, 2022 · 3 years ago
    Changing leverage on a digital currency trading platform is quite simple. Just log in to your account and navigate to the leverage settings. There, you'll find a dropdown menu or a slider where you can select the desired leverage level. Remember to consider your risk tolerance and trading strategy before making any changes.
  • avatarJan 15, 2022 · 3 years ago
    To change leverage on a digital currency trading platform like BYDFi, you can follow these steps: 1. Log in to your account. 2. Go to the 'Account' section. 3. Look for the 'Leverage' or 'Margin' option. 4. Select the leverage level you want to use. It's important to note that changing leverage can affect your trading positions, so make sure to adjust it carefully and consider the potential impact on your trades.