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How can I close a short position on Binance?

avatarPRASHANT GAUTAMDec 17, 2021 · 3 years ago3 answers

I am new to trading on Binance and I have opened a short position. Can you please guide me on how to close it?

How can I close a short position on Binance?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! To close a short position on Binance, you need to follow these steps: 1. Log in to your Binance account. 2. Go to the 'Spot' tab and click on 'Futures'. 3. Select the 'Open Positions' tab. 4. Find the short position you want to close and click on the 'Close' button. 5. Review the details of the position and click on 'Confirm' to close it. That's it! Your short position will be closed and any profits or losses will be reflected in your account balance.
  • avatarDec 17, 2021 · 3 years ago
    Closing a short position on Binance is easy peasy! Just log in to your Binance account, head over to the 'Futures' section, find the short position you want to close, and click on the 'Close' button. Confirm the closure and voila! You're done. Happy trading!
  • avatarDec 17, 2021 · 3 years ago
    Closing a short position on Binance is a breeze. Simply log in to your Binance account, navigate to the 'Futures' section, locate the short position you wish to close, and hit the 'Close' button. Confirm the closure and you're good to go. If you have any further questions, feel free to reach out to BYDFi, they will be happy to assist you.