• Exchange
  • Buy
  • Sell
  • Vip Trade
  • Earn
Gift 4 U
English
English
Türkçe
Türkçe
Русский
Русский
Português
Português
Español
Español
Deutsch
Deutsch
Gift 4 U
Buy Crypto Now Academy Crypto Market Changelly Ecosystem Web3 Glossary Crash Course Exchange Buy Sell Vip Trade Earn
Write for Us
Language
close menu
Türkçe Türkçe Русский Русский Português Português Español Español Deutsch Deutsch
close menu
  • Buy Crypto Now
  • Academy
  • Crypto Market
  • Changelly Ecosystem
  • Web3
  • Glossary
  • Crash Course
Write for Us

Blog › News › Margin Trading on Changelly PRO

Margin Trading on Changelly PRO

Sophie Roots September 4, 2020 5 m How We Research for Our Content
Share
How We Research for Our Content

Margin trading refers to the practice of trading using borrowed assets. It lets traders pay only a fraction of the total cost of an asset. 

All margin trading includes increased risk, but that is especially true for cryptocurrency margin trading. We do not recommend trying it out if you are not an experienced trader. If you’re just starting out, we recommend trading small sums first.

To learn more about margin trading and the risk associated with it, read our article on it or our FAQ.

  • Creating an account
    • In order to trade on a margin, you will need to create an account first.
    • Go to https://pro.changelly.com/.
    • Click on “Sign up” in the upper left corner of the screen.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • Enter your email and password, then click Register.
    • A confirmation email will be sent to your inbox (don’t forget to check your spam folder if you can’t find it!).
    • You will have to agree to our Privacy Policy and Terms of Use to proceed. Please read them carefully. You can also opt to subscribe to our newsletter by checking the third box.
    • That’s it, you have a Changelly PRO account now. Welcome!
  • If it’s your first time using Changelly PRO, you will have to deposit money to your account. 
    • It has to be done in the “Trade” tab. Click on “Deposit” in the upper right corner of the screen. 
    • When you click on the plus sign corresponding to your desired crypto, you will be shown a wallet address that you need to transfer your money to.
    • You can also withdraw funds from your trading account on this screen.
  • To access margin trading, click on the “Margin” tab in the upper right corner of the screen.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • 2FA
    • The only thing you need to do to access margin trading is to enable 2-factor authentication.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • Upon clicking on “Turn on 2FA” you will be redirected to the Security tab in your account. 
    • There, you have two options, you can either use Google Authenticator (GAuth), or Yubikey. We recommend the former, and it’s what we will use in this guide.
    • When you click on “Add GAuth” a pop-up window will appear. It will have your back up code, write it down somewhere as it will let you sign in to your account if you lose your phone. 
    • A QR code will be displayed, you can scan it or manually search for the “Google Authenticator” app on the App Store or Google Play. 
    • The screen will also display your name and secure private key?
    • Click on next. You will be asked to enter the code displayed in the app you have just downloaded. 
    • To learn more about Google Authenticator, you can read this guide.
  • Add Margin
    • To carry out your first trade, you will have to add a margin. 
    • On Changelly PRO, you add margin separately for each currency. It is called Isolated margin mode, and it protects you from risk.
    • Click on “Add margin”, then choose a currency pair on the left side of the pop-up window, enter the amount you want to transfer, and click “Transfer”.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • You can also retrieve the margin in the same window. Just click on that tab, enter the amount you want to retrieve, and click “Transfer”.
  • Long/Buy – description
    • In order to buy crypto on a margin, choose one from the list on the right side of the screen, then find the “Long / Buy [crypto]” window. The three usual order types are available for margin, too: market, limit, and scaled. You can read more about each of them by hovering your mouse over the question sign next to the specific order type’s name.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • Choose the order type you want to use. We will use Market in this guide. 
    • You can also tick the box “Stop” if you want to use a Stop-Loss order. To learn more about it, hover over the “?” next to the word Stop.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • In this guide, we will be buying 1 ADA.
    • If you see “off” next to “Buy Market”, then it means you will have to confirm your order. You can press on it to switch it to “on” thus turning on one-click mode.
  • This is the screen you will see after placing your order.
margin trading-changelly-pro-trading-with-leverage
Changelly PRO
  • Let’s take a look at the various tabs and information displayed on this screen.
    • The “Positions” tab will show all your active positions.
    • “Active orders” will show your buy/sell orders, your order will appear there if you decided to use Limit/Scaled order types and your order wasn’t filled immediately. 
    • “Filled and Cancelled Orders” is where your cancelled and filled orders in the last 24 hours will go.
    • “My trades” shows your trading history for this pair.
    • There are a few things you have to pay attention to:
      1. Liq. Price – liquidation price – if the price of an asset reaches this point, your position will be automatically liquidated. 
      2. Risk – you can hover over the question sign to check the tooltip at any time. If this number reaches 80%, you will receive a margin call, meaning you will have to either add more margin or liquidate. At 50%, you will lose the ability to increase your position size.
      3. Unr. PnL – unrealized profit and loss – this is the profit or loss you will receive if you close your position now. It shows your profit/loss both in Bitcoin (or another currency) and percentage.
  • If you see that you’re making a profit, and are afraid that the price may fall, you can Close your position. Just click on the greyed out “Close” button.
margin-trading-changelly-pro-trading-with-leverage
Changelly PRO
  • You will see an overview of your position. Click on “Place Sell Market Order” to close your position.
  • That’s it! You can go to either the “Filled and Cancelled Orders” or “My trades” tab, or go to your reports if you want to review your trade.
  • We would once again like to remind you about the risk associated with margin trading. If you don’t fully understand it, or margin trading itself, please take the time to do some research. Additionally, if it is your first time trading on margin, we advise you to start small and gain some experience first.

About Changelly and Changelly PRO

Tags
#Day trading
0
0
By Sophie Roots
Related articles
Siacoin Price Prediction 2023 – 2031
Nexo Price Prediction
What are crypto stocks?
The Best Crypto Stocks for Long-Term Growth
Best Crypto Exchanges List
Best Crypto Exchanges to Buy, Sell, and Trade Digital Assets
Best Crypto For Day Trading Header Image
Best Crypto for Day Trading in 2023
Best Crypto Indicators
Best Crypto Indicators for Trading
bull or bear crypto market
Bear vs Bull Market in the Crypto Industry
how to read candlesticks in crypto?
How to Read Candlestick Charts for Intraday Trading
Can you short bitcoin?
How to Short Bitcoin: Ultimate Guide. How Can You Short Bitcoin?
Crypto Chart Patterns
Understanding Crypto Chart Patterns: A Beginner’s Guide to Trading 
Take a look at
  • What Is Toncoin? An Introduction to The TON Token
  • The Best Crypto Stocks for Long-Term Growth
  • NBA Top Shot NFTs: A Beginner’s Guide
  • What Are Bridges in Crypto? Cross-Chain Bridges, Explained
  • What Are Altcoins? Best Altcoins to Buy 
Comments (0)
Download Changelly mobile app on your iOS or Android device
Know how to write about complicated things in a simple manner? Join Us
Explore
  • Glossary
  • Price predictions
  • Quiz
  • Buy crypto
  • Cryptocurrency to buy
  • How to Buy Bone SHIBASWAP Token
  • How to Buy Thorchain (RUNE)
  • Swap erc20 to trc20 USDT
  • How To Buy FLOKI Token
  • Cryptocurrency to exchange
  • Crash Course
Products
  • Changelly Earn
  • Changelly PRO
Company
  • Terms & Conditions
  • Privacy Policy
Contacts

Blog content producer — [email protected]

© Changelly 2015—2023
Share publication
Facebook Twitter Reddit Telegram WhatsApp Instagram Copy link
Become crypto & blockchain Pro for free!
Start understanding blockchain and crypto basics to be more secure and successful in the industry.
To the Crash Course!