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How to deliver BingX contract
BingX contract delivery involves settling contracts upon expiry or in a non-liquidation state, choosing a physical or cash settlement method, placing a delivery order, executing the delivery, and receiving confirmation of completion.
Nov 26, 2024 at 10:34 pm
How to Deliver BingX Contract
Understanding BingX Contract Delivery
BingX Contract delivery refers to the process of settling and finalizing a contract. In this article, we will provide a comprehensive guide on how to deliver BingX contracts.
Steps to Deliver a BingX Contract
1. Check the Contract Status
Before delivering a contract, ensure that it is eligible for delivery. Contracts must meet the following criteria:
- The contract expiry date has been reached or passed.
- The contract is not in liquidation.
- The contract does not have any pending or unresolved issues.
2. Choose the Delivery Method
BingX offers two delivery methods:
- Physical Delivery: Involves the actual exchange of the underlying asset.
- Cash Settlement: Settlements are made in cash based on the market price of the underlying asset.
3. Place a Delivery Order
- To place a delivery order, navigate to the "Contracts" section and select the contract you want to deliver.
- Click on the "Deliver" button and enter the desired amount to deliver.
- Choose the preferred delivery method and confirm the order.
4. Execution of the Delivery
- For physical delivery, the underlying asset will be transferred to the specified exchange wallet.
- For cash settlement, the settlement value will be credited to the trader's account based on the market price at the time of delivery.
5. Completion of Delivery
- Once the delivery is executed, the contract will be closed, and any open positions will be settled.
- The trader will receive confirmation of the delivery execution.
Additional Notes
- Delivery Fees: BingX charges a small fee for contract delivery. The fee is typically expressed as a percentage of the contract value.
- Market Risk: Contract delivery carries some market risk, as the price of the underlying asset may fluctuate before the delivery execution.
- Tax Implications: Contract delivery may have tax implications depending on the jurisdiction of the trader. It is recommended to consult a tax advisor for specific tax advice.
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.
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