How to return currency on AscendEX cross margin

By following the steps outlined, traders can easily return borrowed funds on the AscendEX cross margin trading platform, effectively managing their positions and minimizing risks.

Nov 24, 2024 at 07:56 pm

Understanding Cross Margin Trading on AscendEX

AscendEX offers a cross margin trading feature that allows traders to borrow funds from the platform to increase their trading leverage. This can amplify potential profits, but it also increases the risk of losses. To return borrowed funds and close out cross margin positions, follow these steps:

1. Log in to Your AscendEX Account

Visit the AscendEX website and enter your login credentials.
Once logged in, navigate to the "Margin" tab.

2. Select the Cross Margin Account

Under the "Margin" tab, click on the "Cross Margin" option.
This will display your cross margin account balance and open positions.

3. Choose the Asset to Return

Identify the asset you wish to return from the list of open positions.
Click on the "Details" button for the corresponding position.

4. Calculate the Amount to Return

In the position details, you will see the "Borrowed" amount.
Determine the portion of the borrowed funds you want to return.

5. Return the Funds

Enter the amount you wish to return in the "Return" field.
Click on the "Confirm" button to execute the repayment.

6. Confirm the Transaction

AscendEX will process your repayment request and deduct the funds from your cross margin account balance.
You will receive a confirmation message once the transaction is complete.

7. Monitor Position Updates

After returning the borrowed funds, your cross margin position will be updated accordingly.
The "Borrowed" amount will decrease, and your account balance will increase by the amount returned.

8. Close Remaining Positions

If you wish to close out your cross margin positions completely, you must return all borrowed funds.
Repeat steps 3-6 for each open position until the "Borrowed" amount is zero.
Once all positions are closed, your cross margin account will be liquidated, and any remaining funds will be credited to your regular account.

Conclusion

Returning borrowed funds on AscendEX cross margin is a straightforward process. By following these steps, traders can repay their obligations and manage their cross margin positions effectively. It is important to note that cross margin trading carries significant risks and should only be used by experienced traders.

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

FORTH

$5.1536

43.85%

Trade Now
VINE

$0.1560

24.16%

Trade Now
MNT

$0.2673

21.83%

Trade Now
IAG

$0.3568

19.71%

Trade Now
CUDOS

$0.0098

15.18%

Trade Now
CPOOL

$0.3377

13.29%

Trade Now

Latest Crypto News

Senator Bill Hagerty Set to Introduce Stablecoin Legislation Targeting Nonbank Issuers
2025-02-06 00:56:01
BTC, ETH, WIF, TRUMP, AAVE Price Analysis: Bears Retain Control Despite Market Cap Increase
2025-02-06 00:56:01
The Next Best Crypto to Buy Isn't Always the One Making Headlines
2025-02-06 00:56:01
Crypto.com Sets Ambitious 2025 Development Plans: Cronos ETF, Stablecoin, Stocks, and More
2025-02-06 00:56:01
Arbitrum and BitcoinOS Integrate to Create a Hybrid L2 Rollup Solution
2025-02-06 00:56:01
BitcoinOS Integrates With Arbitrum One, Ending the Divide Between Bitcoin and Ethereum
2025-02-06 00:56:01

Related knowledge

How to buy coins on Binance mobile version

Feb 04,2025 at 07:36pm

Key Points:Set up a Binance accountFund your Binance accountFind the coin you want to buyCreate a buy orderReview and confirm your orderStep-by-Step Guide:1. Set Up a Binance AccountDownload the Binance app from the App Store (iOS) or Google Play Store (Android).Create an account by providing your email address, password, and phone number.Verify your id...

How to view the market value ranking on Binance

Feb 03,2025 at 09:42am

Key PointsBinance is one of the leading cryptocurrency exchanges in the world.Binance provides a variety of features, including the ability to view the market value ranking of cryptocurrencies.The market value ranking is a list of cryptocurrencies, sorted by their total market capitalization.The market capitalization of a cryptocurrency is calculated by...

How to trade after recharging on Binance

Feb 03,2025 at 09:36pm

Key PointsUnderstand the Binance platform and its features.Fund your Binance account through various methods.Choose the right trading pair and order type.Monitor your trades and adjust your strategy as needed.Explore advanced trading options for increased efficiency.Detailed Guide on How to Trade After Recharging on Binance1. Understanding the Binance P...

How to create an address for withdrawal from Binance

Feb 05,2025 at 12:31am

Key Points:Understand the concept of cryptocurrency addressesGenerate a new address for withdrawal on BinanceVerify the address before withdrawing fundsSecurely store your cryptocurrency addressesMonitor your withdrawal transactionsHow to Create an Address for Withdrawal from Binance1. Understand Cryptocurrency AddressesA cryptocurrency address is a uni...

How to recharge Binance with QR code

Feb 03,2025 at 10:36pm

Key Points:Utilize Binance's QR code for a seamless recharge experienceUnderstand the process of generating a QR code for Binance depositsIdentify various methods for recharging Binance through QR codesExplore the advantages and security aspects of using QR codes for Binance rechargesComprehensive Guide to Recharging Binance with QR CodeStep 1: Generati...

How to buy spot from Binance

Feb 04,2025 at 05:24pm

Key Points:Understand the concept of spot trading on Binance.Create a Binance account and complete KYC verification.Fund your Binance account with supported currencies.Navigate the Binance spot trading interface.Place a spot trading order: Market order or limit order.Manage your spot trading portfolio and track orders.How to Buy Spot from Binance: A Com...