How to transfer funds from Cash to Futures wallet?
Last updated
Last updated
Log In to Your Account: If you haven't already, log in to your Ninjapay account.
Enable Futures Mode: Navigate to your profile settings and look for the 'Futures' option. Toggle this option to turn on Futures mode.
Navigate to the Trade Section: Once you're in Futures mode, go to the 'Trade' section of your account.
Transfer USDT to Your Futures Wallet:
Once you're on the trade page, look for the 'Transfer' button.
Click on the 'Transfer' button to start the process of moving funds from your Cash wallet to your Futures wallet.
Specify the amount of USDT that you wish to transfer.
Confirm the transfer. Your USDT will now be available in your futures wallet for trading.
Effect of Increasing Margin on Liquidation Price
When you increase the margin in your futures wallet, it can impact the liquidation price of your open positions. The liquidation price is the price at which your position will be automatically closed by the system to prevent further losses.
Increasing the margin generally increases the buffer you have before reaching the liquidation price. This means that the liquidation price will move further away from the market price, giving the position more room to move unfavorably before it's closed. The opposite happens when you decrease the futures margin.
However, please note that increasing the margin doesn't guarantee that your position won't be liquidated. If the market price reaches the liquidation price, your position will still be closed to prevent further losses. Always be aware of the risks involved in futures trading and manage your risk appropriately.