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How long does it take for Poloniex contracts to settle?
Contracts on Poloniex typically settle within 24 hours of their expiration, but settlement may take longer if there is a large volume on the contract or a technical issue.
Dec 01, 2024 at 12:46 am
How Long Does It Take for Poloniex Contracts to Settle?
Contracts on Poloniex typically settle within 24 hours of their expiration. However, there may be some cases where settlement takes longer, such as if there is a large amount of volume on the contract or if there is a technical issue.
How to Settle a Contract on Poloniex
To settle a contract on Poloniex, you will need to follow these steps:
- Navigate to the Contracts page. You can do this by clicking on the "Trade" tab at the top of the Poloniex website and then selecting "Contracts" from the dropdown menu.
- Find the contract that you want to settle. The contracts that you have open will be listed in the "Open Orders" section of the Contracts page.
- Click on the "Settle" button. This button will be located next to the contract that you want to settle.
- Confirm the settlement. You will be prompted to confirm the settlement of the contract. Once you have confirmed the settlement, the contract will be closed and the funds will be credited to your account.
What Happens if I Don't Settle a Contract on Poloniex?
If you do not settle a contract on Poloniex before it expires, the contract will be automatically closed and you will lose any funds that you have invested in the contract.
Tips for Settling Contracts on Poloniex
Here are a few tips for settling contracts on Poloniex:
- Settle your contracts early. The sooner you settle your contracts, the less likely you are to lose money due to a technical issue or a change in the market price.
- Be aware of the settlement time. The settlement time for contracts on Poloniex is typically 24 hours, but it may be longer in some cases.
- Make sure you have enough funds to settle your contracts. You will need to have enough funds in your account to cover the settlement price of the contract.
Conclusion
Settling contracts on Poloniex is a relatively simple process. By following the steps outlined in this guide, you can quickly and easily settle your contracts and withdraw your funds.
Disclaimer:info@kdj.com
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