What is Close All Positions?
If you need to quickly exit all your Binance Margin positions due to market volatility, you can use the Close All Positions function to cancel all open orders and exit all positions.
Keep in mind that this action is final, and you won't be able to modify your positions once you've submitted the Close All Positions request. Please note that there's no guarantee when liquidations will be executed, it depends on market condition and liquidity.
How to use the Close All Position function on Cross Margin trading?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Wallet] - [Margin].
2. Click [Close All Positions] to close all your positions in your Cross Margin account.
3. Alternatively, go to [Trade] - [Margin].
4. Scroll down to the [Positions] tab and click [Close All Positions].
If you’re using the Binance App:
1. Log in to your Binance account and tap [Wallets] - [Margin]. Next, tap [Close All] to close all your positions in your Cross Margin account.
2. Alternatively, tap [Trade] - [Margin].
3. Scroll down to the [Positions] tab and tap [Repay All].
How to use the Close All Position function on Isolated Margin trading?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Wallet] - [Margin].
2. Select the [Isolated] tab and click [One Click Liq.] next to the pairs you want to close.
If you’re using the Binance App:
1. Log in to your Binance account and tap [Wallets] - [Margin].
2. Under the [Isolated] tab, tap the pair you want to close and tap [Close All].
What is the Single Currency Repay function?
The Single Currency Repay function provides more flexibility for users to repay their debt. You can select which token you wish to repay.
How to use the Single Currency Repay function on Cross Margin trading?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Trade] - [Margin].
2. Scroll down to the [Positions] tab and click [Repay] next to the token you want to repay.
If you’re using the Binance App:
1. Log in to your Binance account and tap [Trade] - [Margin].
2. Scroll down to the [Positions] tab and tap [Repay] next to the token you’d like to repay.
Please note:
- If you don’t have a sufficient balance to cover the debt amount, the system will sell your assets at market price to repay the debt. It will start by selling the highest net balance asset.
- Market orders cannot guarantee the amount you can receive upon successful execution. It may result in losses when you use market orders with large positions.