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Margin trading
Service info/Opening an account

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Basic use

Service info/Opening an account

About margin trading

Margin trading refers to paying a certain amount of money (Japanese yen) as a deposit to borrow assets (e.g. cash, crypto assets) for buying/selling.

The LINE BITMAX Crypto Asset Margin Trading Service offers margin selling, but not margin buying.

LINE BITMAX also lets you sell on margin at up to 2x leverage.

Related Help articles:

About margin selling

About leverage

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About margin selling

Margin selling refers to paying LINE BITMAX a certain amount of money (JPY) as a deposit, borrowing crypto assets to sell, and then buying the sold crypto assets back.

LINE BITMAX lets you sell on margin at up 2x leverage.

Related Help articles:

About margin trading

About leverage

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About the margin selling process

This is the basic process for margin selling:

1. Open a margin trading account.

2. Deposit Japanese yen into your margin account via inter-account transfer.

3. Get positions by selling on margin.

4. Close your positions with closing buys.

Note:

- You need a LINE BITMAX account to open a margin trading account.

- When you apply to open a margin trading account, your application will be reviewed.

For details about each step in the process, see this LINE BITMAX official blog post. (Only available in Japanese.)

Related Help articles:

Opening a margin trading account

Depositing money into your margin account

Steps for making margin sell and closing buy trades

About positions

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Opening a margin trading account

In order to use the LINE BITMAX Crypto Asset Margin Trading Service, you need to create a LINE BITMAX account and open a margin trading account.

To open a margin trading account, follow the steps below.

Note: After you apply to open a margin trading account, we will review your application.

1. On the LINE BITMAX main menu, tap Accounts > Margin account.

2. Confirm the service details and tap OK.

3. Tap Confirm on the right side of the screen, then enter the passcode you set on LINE Pay.

4. Make sure that your information is correct, then tap Update information.

5. After you've confirmed the service explanations and terms of use, tap Open account.

For more details about how to open a margin trading account, please also see this LINE BITMAX official blog post. (Only available in Japanese.)

Steps for making margin sell and closing buy trades

See the steps below for the type of trade you want to make.

Making margin sell trades

1. On the LINE BITMAX home screen, tap the Margin trading tab.

2. Select the crypto asset you want to trade.

3. Enter your order price/amount.

Note: If you select Market order, only enter the order amount.

4. Choose whether or not to make a combination order.

5. Tap Next, check your order details, and tap OK.

6. Enter your LINE Pay passcode.

Making closing buy trades

1. Select the crypto asset you want to trade on the LINE BITMAX home screen.

2. Tap Margin trades/Order history > Position.

3. Tap Go to closing buy order screen at the bottom of the position you want to make a closing buy trade for.

4. Tap the down arrow above the crypto asset rate and select an order method.

5. Enter your order price/amount.

Note: If you select Market order, only enter the order amount.

6. Tap Next, check your order details, and tap OK.

7. Enter your LINE Pay passcode.

Related Help articles:

Depositing money (JPY) into your margin account

Order types available with margin trading

About combination orders

Ordering multiple closing buys for one position

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About positions

A position refers to the state before buying back crypto assets that you borrowed from LINE BITMAX and sold on margin.

You can confirm your positions from the LINE BITMAX main menu by tapping Home > the crypto asset you want to trade > Margin trades/Order history.

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I can't open a margin trading account

We will review your application to open a margin trading account based on the information you provide. This information includes:

• Your investable amount

• Your purposes for investing

• Your investing experience

If you don't meet our established criteria for trading, you will not be able to open a margin trading account.

Note: Please understand that we are unable to disclose these criteria.

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Are there any fees for margin trading?

LINE BITMAX doesn't charge any margin trading fees.

Note: Your offered price will include the spread (transaction cost).

For information on other LINE BITMAX transaction fees, see this Help article.

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Are there any fees for maintaining a position?

With LINE BITMAX, there are no fees for maintaining a position, and you won't accrue lending fees on the crypto assets you borrow.

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About slippage

Slippage refers to the price difference between the rate at which an order is executed and the actual rate at which the order is filled. Slippage is caused by the time difference between order execution and filling, and may or may not be to your advantage.

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About negative margins

You may end up with a negative balance of Japanese yen in your margin account as the result of a forced loss-cut. This negative amount is referred to as a negative margin.

If you have a negative margin, you'll be restricted from:

• Making new margin sell trades.

• Withdrawing the Japanese yen balance from your spot account (except for transfers to your margin account).

• Sending crypto assets from your spot account.

• Transferring the Japanese yen balance from your margin account to your spot account.

• Submitting new lending applications for the Crypto Asset Lending Service.

We will lift the above restrictions as soon as we can reasonably confirm that the negative balance in your margin account has been resolved.

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Can I transfer my margin trading account to a new LINE BITMAX account if I failed to transfer my LINE account? (Important)

Your margin trading account is linked to your LINE account. You cannot link a margin trading account (or transfer your deposited margin and position) to a margin trading account that was opened with a different LINE account.

If you weren't able to successfully transfer your LINE account, please contact us at any time via this Inquiry Form.

Note: We do not currently offer chat support with an operator.

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Deleting your margin trading account

If you want to delete your account for the Crypto Asset Margin Trading Service, contact us at any time via this Inquiry Form.

Note: If you have Japanese yen in your margin account, contact us after you transfer the funds to your spot account via inter-account transfer.

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Notifications related to margin trading

LINE BITMAXお知らせ (LINE BITMAX Notifications) will contact you in the following situations.

You'll be notified only via LINE chat message if:

• Funds are transferred between your spot and margin accounts.

• A margin sell or closing buy trade occurs.

• An order is canceled.

• An order becomes invalid.

• An order fails.

• An order is filled.

• A negative margin occurs.

You'll be notified via both LINE chat message and email if:

• Your margin maintenance rate falls below 110% (Forced loss-cut alert).

• A forced loss-cut trade occurs (Forced loss-cut executed).

• There are only three days left before the position repayment deadline.

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