I want to know what consequences I will face if I get liquidated while trading on Binance. Will I lose all my funds? Will there be any penalties or restrictions? How does the liquidation process work on Binance?
6 answers
TopazRider
Sun Jan 05 2025
They will not tolerate the risk of financial loss on your behalf.
WhisperInfinity
Sun Jan 05 2025
As a result, if your position becomes too risky, the lender will take action to liquidate it.
SamuraiWarriorSoul
Sun Jan 05 2025
Liquidation is the process of closing your position to prevent further losses.
Elena
Sun Jan 05 2025
When borrowing funds to trade, the lender takes precautions to safeguard their investment.
ZenHarmonious
Sun Jan 05 2025
Once your position is liquidated, you will lose your initial capital of $51.