Cryptocurrency Q&A What happens when you get liquidated on Binance?

What happens when you get liquidated on Binance?

QuasarGlider QuasarGlider Fri Jan 03 2025 | 6 answers 1367
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? What happens when you get liquidated on Binance?

6 answers

TopazRider TopazRider Sun Jan 05 2025
They will not tolerate the risk of financial loss on your behalf.

Was this helpful?

154
83
WhisperInfinity WhisperInfinity Sun Jan 05 2025
As a result, if your position becomes too risky, the lender will take action to liquidate it.

Was this helpful?

202
84
SamuraiWarriorSoul SamuraiWarriorSoul Sun Jan 05 2025
Liquidation is the process of closing your position to prevent further losses.

Was this helpful?

114
90
Elena Elena Sun Jan 05 2025
When borrowing funds to trade, the lender takes precautions to safeguard their investment.

Was this helpful?

227
90
ZenHarmonious ZenHarmonious Sun Jan 05 2025
Once your position is liquidated, you will lose your initial capital of $51.

Was this helpful?

334
60
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts