How to cancel DigiFinex leverage

To cancel leverage on DigiFinex, users should navigate to the "Margin Trading" tab, select the desired trading pair, and click the "Cancel Leverage" button.

Nov 24, 2024 at 11:18 am

How to Cancel DigiFinex Leverage

DigiFinex allows users to trade with leverage, which can magnify both profits and losses. If you're not careful, you can quickly lose more money than you intended. That's why it's important to understand how to cancel leverage before you start trading.

Step 1: Open the DigiFinex website and log in to your account.Step 2: Click on the "Margin Trading" tab at the top of the page.Step 3: Select the trading pair you want to cancel leverage for from the drop-down menu.Step 4: Click on the "Cancel Leverage" button.Step 5: Confirm that you want to cancel leverage.

Once you have canceled leverage, you will no longer be able to trade with borrowed funds. You will need to repay any outstanding loans before you can withdraw your funds from DigiFinex.

Here are some additional things to keep in mind when canceling leverage:

You can only cancel leverage on open positions.
If you cancel leverage on a position that is currently in profit, you will close the position and take the profit.
If you cancel leverage on a position that is currently in loss, you will close the position and take the loss.
You may be charged a fee for canceling leverage.

Conclusion

Canceling leverage is a simple process, but it's important to understand the consequences before you do so. If you're not sure whether or not you should cancel leverage, it's always best to consult with a financial advisor.

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