How long can I hold a position on Bybit before it is automatically closed?
![avatar](https://download.bydfi.com/api-pic/images/avatars/8epbt.jpg)
I would like to know the maximum duration that I can hold a position on Bybit before it is automatically closed. Can you provide me with this information?
![How long can I hold a position on Bybit before it is automatically closed?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/e1/b50d5872b1d48b8b53d01ce3bd2fa76b1cdf18.jpg)
3 answers
- Sure! On Bybit, the maximum duration that you can hold a position before it is automatically closed depends on the type of contract you are trading. For perpetual contracts, there is no time limit, so you can hold your position for as long as you want. However, for futures contracts, there is a specific expiry date, and your position will be automatically closed at that time. It's important to keep track of the expiry date to avoid any unexpected closures.
Feb 19, 2022 · 3 years ago
- Good question! When it comes to holding positions on Bybit, it's important to understand the difference between perpetual contracts and futures contracts. Perpetual contracts have no expiry date, so you can hold your position indefinitely. On the other hand, futures contracts have a fixed expiry date, and your position will be automatically closed at that time. Make sure to check the contract specifications and expiry dates before entering a trade.
Feb 19, 2022 · 3 years ago
- Bybit, a popular cryptocurrency exchange, allows users to hold positions for different durations depending on the type of contract. For perpetual contracts, there is no automatic closure, meaning you can hold your position for as long as you want. However, for futures contracts, there is a specific expiry date, and your position will be automatically closed at that time. It's important to note that this information is specific to Bybit, and other exchanges may have different rules regarding position holding and automatic closure.
Feb 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 91
How can I protect my digital assets from hackers?
- 70
What is the future of blockchain technology?
- 50
Are there any special tax rules for crypto investors?
- 42
What are the tax implications of using cryptocurrency?
- 33
How can I buy Bitcoin with a credit card?
- 25
How does cryptocurrency affect my tax return?
- 21
How can I minimize my tax liability when dealing with cryptocurrencies?
- 16
What are the best practices for reporting cryptocurrency on my taxes?