How to close Bitget leveraged trading

To close a leveraged trading position on Bitget, log in to your account, find your open positions, enter the close order details, review the order, and click "Close" to complete the transaction.

Nov 10, 2024 at 01:38 am

How to Close Bitget Leveraged Trading

Bitget is a popular cryptocurrency exchange that offers a variety of trading options, including leveraged trading. Leveraged trading allows traders to increase their potential profits by borrowing funds from the exchange. However, closing leveraged trading positions can be a bit different from closing regular trading positions. This guide will walk you through the steps on how to close Bitget leveraged trading.

Step 1: Log in to Your Bitget Account

The first step is to log in to your Bitget account. Once you are logged in, you will be taken to the dashboard.

Step 2: Find Your Open Positions

On the dashboard, you will see a list of your open positions. Open positions are trades that have not yet been closed. To close a leveraged trading position, find the position you want to close and click on the "Close" button.

Step 3: Enter the Close Order

Once you click on the "Close" button, a pop-up window will appear. In the pop-up window, you will need to enter the close order details.

The close order details include:

• Close Price: This is the price at which you want to close the position. You can enter the close price manually or use the market price.
• Close Quantity: This is the amount of the position you want to close.
• Reduce Only: Reduce-Only orders are used to reduce the position size without exiting completely. Any unclosed portion of the position will remain open.
• Post Only: Post-Only orders are placed on the order book but will not be executed immediately. They will only be executed if the market price reaches the specified close price.

Step 4: Review the Close Order Details

Once you have entered the close order details, review the order details carefully. Make sure that the close price, close quantity, and other details are correct.

Step 5: Close the Position

Once you have reviewed the close order details, click on the "Close" button. Your position will be closed at the specified price.

Conclusion

Closing leveraged trading positions on Bitget is a relatively straightforward process. By following the steps outlined in this guide, you can easily close your positions and manage your risk.