How to close Bitfinex leverage

To close leverage on Bitfinex, log in, navigate to the "Margin" page, find and select the position to close, enter the amount to close, and click "Close Position," verifying the closed position in the "Order History" afterward.

Nov 20, 2024 at 03:50 pm

How to Close Bitfinex Leverage

Step 1: Log in to your Bitfinex account

Navigate to the Bitfinex website and click on the "Log In" button located at the top right corner of the page.
Enter your username and password, and click on the "Login" button.

Step 2: Navigate to the "Margin" page

Once you have logged in, hover your mouse over the "Trading" tab and select "Margin."
This will take you to the "Margin" page, which displays all of your open positions.

Step 3: Find the position you want to close

On the "Margin" page, you will see a list of all of your open positions.
Each position will have a "Symbol" column, which indicates the asset that you are trading.
Find the position that you want to close and click on the "Close Position" button.

Step 4: Enter the amount you want to close

Once you have clicked on the "Close Position" button, a modal window will appear.
Enter the amount of the position that you want to close in the "Amount" field.
You can either enter a specific amount or use the percentage buttons to close a portion of your position.

Step 5: Click on the "Close Position" button

Once you have entered the amount that you want to close, click on the "Close Position" button.
Bitfinex will then close your position and return the proceeds to your available balance.

Step 6: Verify the closed position

After you have clicked on the "Close Position" button, the order will be executed and your position will be closed.
To verify this, navigate to the "Order History" page.

Step 7: Repeat steps 3-6 for any additional positions

If you have multiple positions open, you will need to repeat steps 3-6 for each position that you want to close.
Once you have closed all of your positions, your leverage will be zero.

Additional Notes

If you close a position with leverage, you will need to pay the interest that you have accrued.
You can also close a position by using the "Market" order type, which will sell your position at the current market price.
If you are unsure how to close a position, you can contact Bitfinex support for assistance.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

BANANA

$16.2816

41.37%

Trade Now
GIGA

$0.0140

39.56%

Trade Now
XYO

$0.0119

29.67%

Trade Now
AKT

$1.4884

23.89%

Trade Now
SOS

$0.1622

21.98%

Trade Now
DAG

$0.0489

21.47%

Trade Now

Latest Crypto News

Bitcoin (BTC) and Ethereum (ETH) Show Strength Amid Market Volatility
2025-03-12 16:45:49
Bitcoin (BTC) price recently started a significant decline below the $85,00 level
2025-03-12 16:45:49
Amazon.com, Inc. (NasdaqGS:AMZN) Remains a Dominant Force in Global E-commerce and Cloud Computing
2025-03-12 16:45:49
US Inflation Expectations for February
2025-03-12 16:45:49
Remittix's PayFi solution captures attention with its $13.8m presale and growing investor interest
2025-03-12 16:45:49
MOBOX Will Launch Season 12 on March 12
2025-03-12 16:45:49

Related knowledge

What are the similarities and differences between DOGE contract and Bitcoin contract?

Mar 12,2025 at 12:06pm

Key Points:Both DOGE and Bitcoin contracts offer leveraged trading, allowing traders to magnify potential profits (and losses).Key differences lie in volatility, market capitalization, and underlying asset characteristics. DOGE is significantly more volatile than Bitcoin.Trading fees and leverage limits can vary between exchanges offering these contract...

What is a DOGE contract?

Mar 12,2025 at 09:01am

Key Points:DOGE contracts, unlike traditional contracts, are agreements executed on a blockchain using smart contracts.These contracts leverage the Dogecoin (DOGE) cryptocurrency for payments or collateral.Several types of DOGE contracts exist, including futures, options, and perpetual swaps.Risks associated with DOGE contracts include price volatility,...

Common terminology explanation in USDT contract trading

Mar 07,2025 at 04:36am

Key Points:USDT, a stablecoin pegged to the US dollar, is widely used in cryptocurrency contract trading.Understanding USDT contract trading involves grasping leverage, margin, liquidation, and perpetual contracts.Risk management is crucial, necessitating careful consideration of position sizing, stop-loss orders, and market volatility.Various exchanges...

Differences and advantages and disadvantages of USDT contract and spot trading

Mar 11,2025 at 12:27pm

Key Points:USDT Spot Trading: Involves directly buying and selling USDT for another cryptocurrency or fiat currency. Price is determined by market supply and demand.USDT Perpetual Contract Trading: Involves trading a contract that tracks the price of USDT against another cryptocurrency. Leverage is used, amplifying both profits and losses. No delivery o...

Position management skills in USDT contract trading

Mar 07,2025 at 08:42am

Key Points:Understanding position sizing is crucial for risk management in USDT contract trading.Leverage utilization significantly impacts potential profits and losses.Effective position management involves adapting to market volatility and your risk tolerance.Diversification across different trading pairs can reduce overall portfolio risk.Utilizing st...

Stop profit and stop loss setting skills in USDT contract trading

Mar 10,2025 at 02:10pm

Key Points:Understanding the importance of stop-loss and take-profit orders in mitigating risk and securing profits in USDT contract trading.Defining stop-loss and take-profit orders and their functions within the context of volatile cryptocurrency markets.Exploring various strategies for setting effective stop-loss and take-profit levels, considering f...