How to close Bitget contract

By following the comprehensive steps outlined in the Bitget guide, users can effectively close their contract positions, managing their risk and optimizing their trading strategies in the crypto futures market.

Nov 09, 2024 at 01:22 am

How to Close a Contract on Bitget: A Comprehensive Guide

Step 1: Login to Your Bitget Account

• Visit the Bitget website (https://www.bitget.com/) and click on "Log In" at the top right corner.
• Enter your email address and password and click on "Log In".

Step 2: Navigate to the Contract Trading Page

• Once you are logged in, hover over "Trade" in the top navigation bar and select "Contract" from the dropdown menu.
• Alternatively, you can click on "More" at the bottom of the navigation bar and select "Contract Trading".

Step 3: Choose the Contract Market

• On the Contract Trading page, select the contract market you want to close your position in.
• Common contract markets include BTCUSD, ETHUSD, and USDT-M futures.

Step 4: Find Your Open Positions

• After selecting the contract market, scroll down on the trading page to find the "Positions" section.
• Here, you will see a list of your open positions, including their size, entry price, and profit/loss.

Step 5: Select the Contract Position to Close

• Identify the contract position you want to close from the list of open positions.
• Click on the "Sell" or "Buy" button next to the position, depending on whether you opened a long or short position.

Step 6: Choose the Closing Type

• In the pop-up window that appears, you can choose the closing type:

  • Market Order: Close the position immediately at the current market price.
  • Limit Order: Set a specific price at which you want the position to close.

Step 7: Enter the Closing Parameters

• For a market order, simply click on "Place Order" to close the position.
• For a limit order, enter the limit price and the order quantity, then click on "Place Order".

Step 8: Review the Closing Confirmation

• Before closing the position, you will be presented with a confirmation screen.
• Review the closing parameters, including the closing price, order type, and order quantity.
• Click on "Confirm" to proceed with the closing.

Step 9: Verify the Position Closure

• After the closing order is placed, it will execute and remove the open position from your account.
• You can verify the closure by checking the "Positions" section again and ensuring that the position you closed is no longer listed.