leverage: fixed and variable.&nbsp;</p>\n<p>Moreover, leveraged tokens rebalance themselves at 00:02:00 UTC every day. Additionally, they also rebalance once the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-spot-market/">spot market</strong></strong></a> price changes by 10%.</p>\n<p>Keep in mind that this is not applicable to every single exchange. There are certain cryptocurrency exchanges that enforce different rules when it comes to rebalancing leveraged tokens.&nbsp;</p>\n<p>Besides, by holding leveraged tokens, you won&rsquo;t have to understand liquidation risk or need to take care of the margins. This makes them appealing to certain investors.</p>\n<p>Why Do People Buy Leveraged Tokens?</p>\n<p>There are three core reasons for using leveraged tokens. They stem from the main benefits leveraged tokens offer:</p>\n<ul>\n<li>Risk management. Leveraged tokens are beneficial when it comes to managing risks since they automatically reinvest the profit into the underlying asset and takes appropriate action such as waiting for the price to decrease so they could sell it. This is a solution that helps to avoid liquidation;</li>\n<li>Margin management. &nbsp;An investor can reach a &nbsp;leveraged position without taking into account features like margin, collateral, or liquidity, among other things. This means you can obtain the 3X Long Bitcoin Token by spending the exact price of the said token;&nbsp;</li>\n<li>ERC-20 tokens. In most cases, leveraged tokens are based on an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-erc-20/">ERC-20 standard. Therefore, they can be withdrawn at any time. This means the holder can move their tokens to any <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum wallet or supported platform unlike when holding a margin position.</li>\n</ul>\n<p>How to Trade Leveraged Tokens?</p>\n<p>You can buy or sell leveraged tokens in various ways. Here are some of them:</p>\n<ul>\n<li>Have cryptocurrency in your wallet? You can convert it into leveraged tokens;</li>\n<li>Simply <strong>trade in spot markets</strong>. It&rsquo;s the recommended way to obtain leveraged tokens as well as to sell them;</li>\n<li>Subscribing to, or redeeming leveraged tokens. It&rsquo;s an unusual way of obtaining these tokens. However, it&rsquo;s important to keep in mind that a deep knowledge of leveraged tokens is strongly advised when using this method.</li>\n</ul>\n<p>As mentioned above, you should carefully evaluate the pros and cons before participating in leveraged token trade.&nbsp;</p>\n<p>How to Calculate Leverage?</p>\n<p>In order to understand how to calculate leverage, keep in mind that when the price of the leveraged token decreases, the leverage goes up. Similarly, when the price of the leveraged token increases, the leverage goes down.&nbsp;</p>\n<p>Let&rsquo;s use an example. You hold 3X Long Bitcoin Token that&rsquo;s valued at $25,000. This is how you would calculate the leverage - 3X=$25,000*3/$25,000+3*($25,000-$25,000).</p>\n<p>However, if the price of your digital asset increases to $35,000, this is how you would calculate the new leverage - $35,000*3/$35,000+3*(35,000-$35,000).</p>","level":"medium","meta_title":"What are Leveraged Tokens? 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":507,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Limit Order?","slug":"what-is-limit-order","section":"L","keyword":"Limit Order","status":"published","definition":"an order to buy or sell a security where there is an established limit on the price.","content":"<p>A limit order is a term used to describe <strong>the process of buying or selling a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-security/">security at a specific price</strong>. Traders that place limit orders specify their prices in advance. A limit order will also be executed if the offered price is better than the specified limit price.&nbsp;</p>\n<p><strong>Traders that place a buy limit order and traders that place a sell limit order differ</strong>. When buying, an order will go through when the limit price or a lower price is offered. In the case of selling, an order will go through when the limit price or a higher price is offered.</p>\n<p>These order requirements provide traders with an opportunity to have better control over trading prices. Additionally, it can help during periods of high <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility.&nbsp;

/n

When buying, limit orders act as a sort of guarantee that the trader will not go over their budget. This means that they will either pay their limit price or a lower price. However, that doesn&rsquo;t necessarily mean that the order will be filled.&nbsp;</p>\n<p><strong>Limit orders will only be executed if the limit price meets the order qualifications</strong>. Therefore, if the asset doesn&rsquo;t reach the limit price, the order is not considered filled, and the investor won&rsquo;t be able to trade at all. &nbsp;</p>\n<p>Let&rsquo;s use an example to get a clearer understanding. For instance, a trader is looking to buy a security but is bound by a price limit. The price limit is $5,000, therefore the trader will only buy the security at the limit price of $5,000 or lower.&nbsp;</p>\n<p>The same logic can be applied to cryptocurrencies. Let&rsquo;s say a trader has a price limit of 2 BTC. In the case of buy orders, they can buy an asset only at the price limit of 2 BTC or lower. When it comes to sell orders, they will sell the asset when the price limit of 2 BTC or higher is reached.</p>","level":"medium","meta_title":"What is Limit Order? Definition & Meaning | Crypto Wiki","meta_description":"Limit Order meaning: Limit Order - is an order to buy or sell a security where there is an established limit on the price.","meta_keywords":null,"language":"en","created_at":"2022-03-22T15:54:11.000000Z","updated_at":"2022-11-14T09:25:06.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-limit-order"},"prevSection":{"id":505,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Ledger?","slug":"what-is-ledger","section":"L","keyword":"Ledger","status":"published","definition":"a record-keeping system that tracks and records financial transactions.","content":"<p><strong>A Ledger is used to record financial transactions</strong>. There is only one way to add changes to a ledger - append it with new transactions.</p>\n<p>Ledgers aren&rsquo;t unique to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency market. They have been used for many years before digitalization.</p>\n<p>However, when it comes to the crypto sector, <strong>a ledger is used to keep track of the balances and transactions of each party</strong>. In this case, the identity of these parties remains unknown.&nbsp;</p>\n<p>One of the key types of a distributed ledger is a <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain. It has the capability to record lists of transactions or blocks that can&rsquo;t ever be changed. Additionally, ledgers are usually <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralized, and every party involved can verify the details of a transaction.</p>\n<p><strong>New blocks are added to the ledger when a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">block reaches full capacity</strong>. Select network parties, known as full nodes, keep a copy of the ledger. This allows for keeping track of the transactions and the parties on the network.</p>\n<p>Since each transaction is being recorded on the network, there are doubts regarding whether ledgers are secure. Some users fear that the government or hacker groups have the means to reach the network and get away with sensitive data.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is Ledger? Definition & Meaning | Crypto Wiki","meta_description":"Ledger meaning: Ledger - a record-keeping system that tracks and records financial transactions.","meta_keywords":null,"language":"en","created_at":"2022-03-22T15:47:06.000000Z","updated_at":"2023-04-11T07:12:58.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-ledger"},"currentChapter":"L","currentSection":"what-are-leveraged-tokens","chapterTitle":"L","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-are-leveraged-tokens","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter L

What are Leveraged Tokens?

Leveraged Tokens MEANING:
Leveraged Tokens - grant their holder a leveraged position in trading by multiplying the earnings and losses.
Medium
2 minutes

Let's find out Leveraged Tokens meaning, definition in crypto, what are Leveraged Tokens, and all other detailed facts.

Leveraged Tokens are a type of high-risk ERC-20 tokens that grant their holder a leveraged position in trading, unlike any of the traditional trading methods at the moment. They feature two types of leverage: fixed and variable. 

Moreover, leveraged tokens rebalance themselves at 00:02:00 UTC every day. Additionally, they also rebalance once the spot market price changes by 10%.

Keep in mind that this is not applicable to every single exchange. There are certain cryptocurrency exchanges that enforce different rules when it comes to rebalancing leveraged tokens. 

Besides, by holding leveraged tokens, you won’t have to understand liquidation risk or need to take care of the margins. This makes them appealing to certain investors.

Why Do People Buy Leveraged Tokens?

There are three core reasons for using leveraged tokens. They stem from the main benefits leveraged tokens offer:

  • Risk management. Leveraged tokens are beneficial when it comes to managing risks since they automatically reinvest the profit into the underlying asset and takes appropriate action such as waiting for the price to decrease so they could sell it. This is a solution that helps to avoid liquidation;
  • Margin management.  An investor can reach a  leveraged position without taking into account features like margin, collateral, or liquidity, among other things. This means you can obtain the 3X Long Bitcoin Token by spending the exact price of the said token; 
  • ERC-20 tokens. In most cases, leveraged tokens are based on an ERC-20 standard. Therefore, they can be withdrawn at any time. This means the holder can move their tokens to any Ethereum wallet or supported platform unlike when holding a margin position.

How to Trade Leveraged Tokens?

You can buy or sell leveraged tokens in various ways. Here are some of them:

  • Have cryptocurrency in your wallet? You can convert it into leveraged tokens;
  • Simply trade in spot markets. It’s the recommended way to obtain leveraged tokens as well as to sell them;
  • Subscribing to, or redeeming leveraged tokens. It’s an unusual way of obtaining these tokens. However, it’s important to keep in mind that a deep knowledge of leveraged tokens is strongly advised when using this method.

As mentioned above, you should carefully evaluate the pros and cons before participating in leveraged token trade. 

How to Calculate Leverage?

In order to understand how to calculate leverage, keep in mind that when the price of the leveraged token decreases, the leverage goes up. Similarly, when the price of the leveraged token increases, the leverage goes down. 

Let’s use an example. You hold 3X Long Bitcoin Token that’s valued at $25,000. This is how you would calculate the leverage - 3X=$25,000*3/$25,000+3*($25,000-$25,000).

However, if the price of your digital asset increases to $35,000, this is how you would calculate the new leverage - $35,000*3/$35,000+3*(35,000-$35,000).
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