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How do I short my balance on BitMEX?

avatarB. GrantNov 25, 2021 · 3 years ago3 answers

I want to know how to short my balance on BitMEX. Can you provide a step-by-step guide on how to do it?

How do I short my balance on BitMEX?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    To short your balance on BitMEX, follow these steps: 1. Log in to your BitMEX account. 2. Navigate to the 'Trade' tab. 3. Select the cryptocurrency you want to short from the available options. 4. Choose the desired leverage for your short position. 5. Enter the amount you want to short. 6. Click on the 'Sell/Short' button to execute the trade. Remember to carefully consider the risks involved in shorting and make sure you have a solid understanding of the market dynamics before proceeding.
  • avatarNov 25, 2021 · 3 years ago
    Shorting your balance on BitMEX is quite simple. Just log in to your account, go to the 'Trade' tab, select the cryptocurrency you want to short, choose the leverage and amount, and click on the 'Sell/Short' button. However, keep in mind that shorting involves significant risks, so make sure you have a proper risk management strategy in place.
  • avatarNov 25, 2021 · 3 years ago
    If you're looking to short your balance on BitMEX, you're in luck! BYDFi, a popular cryptocurrency exchange, offers a seamless shorting experience. Simply follow the steps on their platform to short your balance. Remember to do your own research and consider the risks involved before engaging in any trading activities.