Cryptocurrency Q&A What happens if you get liquidated on Bybit?

What happens if you get liquidated on Bybit?

CryptoEmpireGuard CryptoEmpireGuard Mon Sep 09 2024 | 5 answers 949
If you get liquidated on Bybit, it means that your trading position has reached a certain level of loss that triggers an automatic closure of your position to prevent further losses. When this happens, Bybit will sell your position at the current market price to cover your debt, and you will be left with whatever balance remains in your account. It's important to understand the risks associated with trading on margin and to carefully manage your risk levels to avoid liquidation. Have you experienced liquidation on Bybit before, or do you have any specific questions about how it works? What happens if you get liquidated on Bybit?

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