# BounceX User Guide ## How to Trade Perpetuals on BounceX 1. Visit BounceX's official website: . Connect your wallet first.

2. Once your wallet is connected, go to "Assets" and deposit some $AUCTION as your collateral asset. You can deposit through either BSC or ETH. You can also withdraw your assets if you want.

3. Go to "Trade" and select the asset you want to trade. Adjust your leverage and the amount of asset you want to long or short. Make sure you fully understand how perpetuals work before confirming your trade. \*When you increase leverage, you’re borrowing more relative to your collateral to control a larger position size. For example, if you have $1,000 in collateral and use 10x leverage, you’re trading a $10,000 position. A higher leverage means higher profits if the price goes up, but also higher risk since your margin for error decreases meaning any price drop could potentially lead to liquidation.

4. Once you successfully complete your transaction and obtain an open position, you'll be able to view and track your position underneath the trading section.