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.
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 for LINE BITMAX.
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 the following LINE BITMAX official blog post. (Only available in Japanese.)
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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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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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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FAQs
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Account
Passcode
Identity verification
Deposit/withdraw money (JPY)
Buy/sell crypto assets
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Margin trading
Exchange
Crypto Asset Lending Service
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