Can Gemini leverage trading be canceled

Leveraged trades on Gemini can be canceled before execution; however, this incurs a 0.01% fee and reverses any earned profits.

Nov 15, 2024 at 08:12 pm

Can Gemini Leveraged Trading Be Canceled?

Gemini is a cryptocurrency exchange that offers a variety of trading options, including leveraged trading. Leveraged trading allows traders to borrow funds from the exchange to increase their buying power. This can be a risky strategy, but it can also be very profitable if used correctly.

One of the questions that many traders have about leveraged trading is whether or not it can be canceled. The answer to this question is yes, leveraged trading on Gemini can be canceled. However, there are a few things that you need to know before you can cancel your trade.

How to Cancel a Leveraged Trade on Gemini

To cancel a leveraged trade on Gemini, you need to follow these steps:

Log in to your Gemini account.
Click on the "Trading" tab.
Select the "Leveraged" tab.
Find the trade that you want to cancel and click on the "Cancel" button.

Once you have clicked on the "Cancel" button, your trade will be canceled and the funds that you borrowed from the exchange will be returned to your account.

Things to Keep in Mind When Canceling a Leveraged Trade

There are a few things that you need to keep in mind when you are canceling a leveraged trade on Gemini:

You can only cancel a leveraged trade before it has been executed. Once a trade has been executed, it cannot be canceled.
You will incur a fee if you cancel a leveraged trade. The fee is 0.01% of the total trade value.
If you cancel a leveraged trade, you will lose any profits that you have made on the trade.

Overall, canceling a leveraged trade on Gemini relatively straightforward. However, it is important to be aware of the fees and risks associated with leveraged trading before you cancel any trades.

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