How to close BingX contract

How to Close BingX Contract

BingX, a leading cryptocurrency exchange, offers a wide range of contract trading options for traders of all levels. Closing a contract on BingX is a simple and straightforward process, and can be done in just a few steps.

1. Log in to your BingX account

To close a contract on BingX, you must first log in to your account. You can do this by visiting the BingX website and clicking on the "Login" button in the top right corner of the page.

2. Navigate to the "Contracts" page

Once you have logged in, click on the "Contracts" link in the top navigation bar. This will take you to the Contracts page, where you will see a list of all the available contracts.

3. Find the contract you want to close

Scroll down the list of contracts until you find the one you want to close. Click on the "Close" button for that contract.

4. Enter the number of contracts you want to close

In the "Close Contract" dialogue box, enter the number of contracts you want to close. You can close all of your open contracts, or just a portion of them.

5. Click on the "Close" button

Once you have entered the number of contracts you want to close, click on the "Close" button. This will close your contract and you will receive the proceeds of the sale.

Additional Notes:

• You can only close a contract if it is in a closed position. If you have an open position, you will need to close it before you can close the contract.
• When you close a contract, you will receive the proceeds of the sale in the currency of the contract. For example, if you close a BTC contract, you will receive BTC.
• You can view your closed contracts by clicking on the "Closed Contracts" link in the Contracts page.