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Trade litecoin for bitcoin binanceHow To Trade Litecoin With Leverage on Binance Futures | CoinCodex
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Buy Bitcoin. Of course, Binance is not the only cryptocurrency exchange that offers leveraged cryptocurrency trading.
Create a Binance account First things first - you will need to open an account on the Binance cryptocurrency exchange. We recommend to start with a small amount until you get comfortable with the user interface. Here, you can select the contract you want to trade.
This slider goes from 1x to 75x. Higher leverage means higher potential profits, but also a higher chance of losses. Here, you can place an order.
You can either go long you will profit if the price increases or short you will profit if the price falls. You can choose between market order, limit order, stop limit order and stop market order. Here, you can monitor the status of your position after your order is filled. Pay special attention to the Liq. Price - if the price of Bitcoin reaches this level liquidation price , you will lose your entire position!
Monitor your order In the picture below, you can see an example of an order that has been filled successfully. The bottom line on Litecoin leverage trading on Binance Futures While it may be hard to wrap your head around Litecoin leverage trading at the start, this guide has hopefully made the process a bit easier to understand. Tags: Binance Litecoin Litecoin. Download App Keep track of your holdings and explore over 7, cryptocurrencies.
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