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.

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

GOHOME

$319.0472

163.23%

Trade Now
SOS

$0.1947

62.36%

Trade Now
ZRO

$2.2951

32.26%

Trade Now
PIN

$0.9543

25.92%

Trade Now
DEVVE

$0.7398

23.44%

Trade Now
BNX

$1.0265

23.39%

Trade Now

Latest Crypto News

S&P 500 Index SPY closed up +2.13%
2025-03-15 14:50:54
Stellar (XLM) Struggles for Relevance While BinoFi (BINO) Gains Huge Market Traction
2025-03-15 14:50:54
Rexas Finance (RXS) is Proving to Be a Game-Changer by Tokenizing Real-World Assets
2025-03-15 14:50:54
Bitcoin (BTC) Dominance Holds the Key to the Start of Altseason
2025-03-15 14:45:54
Bitcoin (BTC) Has Dropped Over 29% From Its January All-Time High of $109,000
2025-03-15 14:45:54
The Crypto Market Today (March 15) Showcased Notable Rising Trajectories
2025-03-15 14:45:54

Related knowledge

What are the advantages of smart contracts?

Mar 14,2025 at 11:51pm

Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?

Mar 13,2025 at 03:26pm

Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What is the role of a smart contract in blockchain?

Mar 15,2025 at 01:40pm

Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?

Mar 13,2025 at 10:20pm

Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?

Mar 13,2025 at 09:05pm

Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?

Mar 14,2025 at 09:30am

Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...