# Leveraged Tokens Trading

## **Getting Started with Leveraged Token Trading**

1. **Log In:** Access your KoinBay account and navigate to the Leverage Section.
2. **Choose the leverage token:** Select the pair you want to trade.
3. **Trading Options:**
   * **Limit Orders:** Set the price you want to buy/sell at. Specify the number of tokens or percentage of capital.
   * **Market Orders:** Buy/sell at the current market price. Choose the amount or percentage of capital.
4. **Check Trades:** View your trades under Open Orders.

***

## **Fees and Rebalances**

* **Fees:** Similar to spot transactions, mostly 0.1%. A daily management fee is applied, reflected in the leveraged token's net value.
* **Rebalance:**
  * **Regular Rebalance:** Adjusts positions daily at 00:00 (UTC+8) to maintain leverage ratio.
  * **Irregular Rebalance:** Activated during high market volatility to control risks and prevent net value from dropping to zero.