What are the consequences of not maintaining the required margin in cryptocurrency trading?
George StanJan 10, 2022 · 3 years ago3 answers
What happens if I fail to maintain the required margin in cryptocurrency trading?
3 answers
- Jan 10, 2022 · 3 years agoIf you don't maintain the required margin in cryptocurrency trading, you may face liquidation. This means that your positions will be automatically closed by the exchange to cover the losses. It's important to monitor your margin levels and add funds if necessary to avoid liquidation.
- Jan 10, 2022 · 3 years agoNot maintaining the required margin in cryptocurrency trading can lead to significant losses. When your margin falls below the required level, the exchange may issue a margin call, which requires you to add more funds to your account. If you fail to do so, your positions may be liquidated, resulting in the loss of your investment.
- Jan 10, 2022 · 3 years agoIn the case of BYDFi, if you fail to maintain the required margin, the exchange will automatically close your positions to prevent further losses. It's crucial to manage your margin carefully and ensure you have enough funds to cover potential losses.
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