This article will help you quickly understand when the unlocked coins can be sold.

Investors usually choose to lock their positions in order to hedge risks when the cryptocurrency market fluctuates greatly, thereby reducing the emotional fluctuations and trading pressure caused by market fluctuations. The literal meaning of lock-up is to lock the cryptocurrency for a period of time. During the lock-up period, no transactions can be conducted and no withdrawals can be made. The currency cannot be re-used until it is unlocked upon expiration. However, some investors in the market will also The locked coins can be sold after a few hours. So when can the locked coins be sold? Investors need to understand. According to data analysis, selling locked coins usually depends on investors. The specific situation and investment objectives

#When can the locked coins be sold?

According to the current common exchange rules in the market, after buying digital currency, a certain lock-up period is required before selling it. The length of this lock-up period varies from different exchanges, generally ranging from a few hours to a few days. wait.

In order to ensure the security of transactions, digital currency exchanges often need a certain amount of time to confirm the legality of the transaction and the accuracy of the transaction data, so they will set a certain locking period. Different exchanges have different regulations regarding how long it takes to lock a digital currency after buying it. Some exchanges may need to lock for 10 days, some may only need to lock for a few hours, and some have no lock-up period limit.

In order to avoid incorrect operations caused by unfamiliarity with the exchange rules, it is recommended to carefully read the rules and terms of the exchange before purchasing digital currencies, and carefully check the transaction information before confirming the transaction. At the same time, you must also pay attention to the volatility and risks of the digital currency market and invest cautiously.

How to close a position after locking it

Locking a position usually refers to holding long (buying) and short (selling) positions at the same time in the trading market to protect investors from Affected by price fluctuations. To close a locked position, you need to perform the following 5 steps:

1. Decide to unlock: First, you need to decide to unlock. This could be because the market has moved in the direction you expected, or you have decided that you want to exit your position.

2. Select a position to close: Determine the specific position you want to close. For example, if you lock in a 10-lot buy position and a 10-lot sell position, you can choose to close one or both positions.

3. Execute trades: Use your trading platform or broker to close the position of your choice. In a closing trade, you will buy (if a short position) or sell (if a long position) the opposite size of your previous position.

4. Confirm transaction: Make sure your closing transaction has been confirmed and recorded in your trading account.

5. Check the results: Confirm whether the closing transaction is carried out as you expected. You may need to check your trading account balance and position information to ensure the transaction has been completed.

The editor reminds everyone that selling locked cryptocurrencies requires careful consideration, and it is recommended that decisions be made after full market analysis and risk assessment. In addition, market prices are highly volatile, and you should pay attention to choosing the right trading time when selling to maximize profits or minimize losses. In addition, investors should fully understand the project background and risks before locking up positions, and make decisions based on their own investment goals and risk preferences, and do not blindly buy and sell.

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