How to close the contract in Deepcoin

To close an open contract in Deepcoin, simply navigate to the "Open Contracts" tab, select the desired contract, and click the "Close" button to settle obligations and complete closure.

Nov 27, 2024 at 04:46 pm

How to Close a Contract in Deepcoin

Understanding Contract Closure

Contracts in Deepcoin represent agreements between users to exchange digital assets at predetermined prices and quantities. Closing a contract involves either fulfilling the agreed-upon obligations or terminating the contract before its expiration.

Steps to Close a Contract

Determine the Contract Status:

Access the "Contracts" section in Deepcoin.
Locate the specific contract you wish to close.
Check the contract's status. It must be either "Open" or "Partially Closed."

Closing an Open Contract:

Open the "Open Contracts" tab.
Click on the "Close" button associated with the desired contract.
Review the contract closure details and confirm your decision.
Once confirmed, the contract will be closed, resulting in a settlement between the involved parties.

Closing a Partially Closed Contract:

Open the "Partially Closed" tab.
Select the contract you wish to fully close.
Click on the "Close Remaining" button.
Confirm the closure of the remaining portion of the contract.
Upon confirmation, the contract will be completely closed.

Canceling a Contract:

Contracts can also be canceled if both parties agree.
Open the "Open Contracts" tab.
Select the contract you want to cancel.
Click on the "Cancel" button and confirm your action.
The contract will be canceled and no further actions will be taken.

Liquidating a Contract:

Liquidation occurs when a contract is forcibly closed due to a margin call.
Margin calls arise when the value of your collateral falls below a certain level.
Deepcoin will automatically liquidate your contract to cover the margin shortfall.
Liquidation results in the sale of your collateral to cover your losses.

Additional Considerations

Fees: Closing contracts may incur fees, so it is essential to check the platform's fee schedule.
Timeliness: Contracts must be closed before their expiration date. Failure to do so may result in missed opportunities or losses.
Market Volatility: Market volatility can significantly impact the outcomes of contract closures. It is crucial to monitor market conditions and adjust your strategies accordingly.

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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！

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