When you get liquidated on Binance, your position is closed automatically at the market price and you are left with nothing. This can happen if the market price falls below your stop loss price or if the price spikes suddenly and your margin is not enough to cover the loss.
NOTE: WARNING:
Liquidation on Binance can be a risky process. If you are considering liquidating your assets on Binance, please be aware of the following potential consequences:
1. You may lose a significant portion of your funds if the market moves against you during the liquidation process.
2. Liquidation orders are generally filled at prices that are significantly lower than the current market price.
3. Your open positions may be subject to liquidation at any time, even if you have sufficient funds to cover them.
4. There is no guarantee that your position will be successfully closed out before it is liquidated and you may end up losing additional funds due to unfavorable market movements or other factors outside of your control.
5. You may be subject to unexpected fees or charges when liquidating on Binance, such as network fees and platform fees, so please read all related documentation thoroughly before proceeding with any transaction.
By reading this warning note, you acknowledge that you understand the risks associated with liquidating on Binance and that you accept full responsibility for any losses incurred as a result of your actions in this regard.
If you are liquidated, you will have to deposit more money into your account to cover the loss and you may be charged a fee.
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If you get liquidated on Binance, your position will be closed out at the current market price and you will be left with nothing. This is why it is important to always set a stop loss when trading on margin.
Assuming you would like an article discussing the implications of disabling a Binance account:
When you disable your Binance account, you are essentially cutting yourself off from the platform. This means you will no longer be able to trade cryptocurrencies, access your account details, or use any of the other features that Binance offers. In short, it will be as if you never had an account on the site in the first place. .
There are a few things to consider if you’re thinking about disabling your Binance account. First, if you have any funds in your account, you will need to withdraw them before you can disable the account. Second, you will no longer have access to any of the features or services that Binance offers once your account is disabled.
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