About Liquidation Service Fee
In the event of margin liquidation, CoinEx will charge a Liquidation Service Fee at a fixed rate based on your [To-Be-Repaid + Unpaid Interest]. The fee will be injected into the margin Insurance Fund to cover losses from bankrupt positions.
Calculation
Liquidation Service Fee (Quote Coin) = (To-Be-Repaid Quote Coin + Unpaid Interest on Quote Coin) * Liquidation Service Fee%
Liquidation Service Fee (Base Coin) = (To-Be-Repaid Base Coin + Unpaid Interest on Base Coin) * Liquidation Service Fee%
Notes:
1. The current fee ratio is 2%. CoinEx will adjust the liquidation service fee ratio according to market conditions and please stay tuned for further announcements.
2. The liquidation service fee will only be charged ONCE after the liquidation.
Liquidation Service Fee Restriction
(1) If the remaining assets after the liquidation (Quote coin + Base coin) ≥ Total liquidation service fee, then 100% of the liquidation service fee will be charged.
(2) If the remaining assets after the liquidation (Quote coin + Base coin) < Total liquidation service fee, then the liquidation service fee will be charged based on the remaining assets.
(3) If no asset remains or bankruptcy occurs after liquidation, no liquidation service fee will be charged.
Risk Reminder
1. Margin trading uses less capital to achieve the potential for higher returns, but it can also expose you to amplified losses if the market moves against you. Therefore, we strongly advise beginners not to use high leverage so as to avoid forced liquidation or even bankruptcy.
2. Please use the leverage reasonably, adjust your position accordingly, and learn when to take profits or stop losses by liquidating positions.
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