Cryptocurrency Q&A
Why is my token locked?
Why is my token locked?
Caterina
Wed Nov 20 2024
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6 answers
1614
I'm trying to understand why my token is locked. I can't seem to access it or use it for any transactions. Could there be a specific reason why it's locked?
6 answers
CryptoVanguard
Fri Nov 22 2024
When you have an open position, whether it's a spot or margin trade, a specific amount of the coin involved will be locked.
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Eleonora
Fri Nov 22 2024
Similarly, if you've made a lending request, the equivalent amount of the coin will be temporarily unavailable for other uses.
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CryptoAlchemy
Fri Nov 22 2024
Pending withdrawal requests also result in the locking of a corresponding amount of the coin.
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KimonoElegant
Fri Nov 22 2024
This locking mechanism ensures that the funds are reserved for the intended purpose, preventing any accidental or unauthorized use.
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Bianca
Thu Nov 21 2024
To regain access to your locked funds, you have two options. You can cancel the order that has led to the locking.
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