How to Repay Debts Manually on Bitget Margin Trading?

[Estimated Reading Time: 3 mins]

This guide explains the steps to manually repay borrowed funds in Bitget margin trading. Repaying your debts on time helps reduce interest charges and manage your margin account effectively.

What is Margin Repaying?

Margin repaying refers to the process of returning borrowed funds and accrued interest in margin trading. After borrowing assets to leverage your trades, you are required to repay the loan to maintain a healthy margin account and avoid liquidation risks. Timely repayment reduces interest charges and improves overall risk management.

How to Repay Debts Manually on Bitget Website?

Step 1: Navigate to the margin trading section

1. Tap on the Asset tab in the top menu.

2. Select Margin account from the dropdown menu.

Step 2: Open the Repay panel

1. Locate the Repay panel in the trading interface.

1. Choose the Margin Type

2. Click on the Repay option

Step 3: Repay Borrowed Funds

1. Select the Coin you wish to repay (e.g., BTC, USDT).

2. Enter the Repayment amount, including the accrued interest.

3. Click Confirm to finalize the repayment process.

Step 4: Confirm repayment status

1. After repayment, check your Margin account to verify:

• Repayment of the principal amount

• Paid interest amount

• Remaining outstanding debt (if applicable)

1. Ensure the repayment details are updated successfully.

How to Repay Debts Manually on Bitget Mobile App?

Step 1: Navigate to the Margin account page

1. Click on Asset in the top menu.

2. Select Margin from the upper tab.

Step 2: Open the Repay panel

1. Choose the margin type (Isolated Margin or Cross Margin).

2. Click on the Repay button in the asset panel.

Step 3: Repay borrowed funds

1. In the Repay section, select the asset you want to repay (e.g., BTC, USDT).

2. Enter the amount to repay: (Full amount or Partial Repayment).

3. Confirm the repayment details.

4. Click Repay to complete the process.

Step 4: Verify the Repayment

1. Check the Margin account to ensure the borrowed amount and interest have been updated.

2. If you made a partial repayment, monitor any remaining debts in the Margin account.

Important tips for Margin Repayment

• Interest Calculation: Interest accrues hourly and must be repaid alongside the borrowed principal.

• Partial Repayment: You can choose to repay debts partially to reduce accrued interest.

• Monitor Collateral Ratio: Ensure your collateral ratio remains above the liquidation threshold to avoid forced liquidation.

• Track Debt Regularly: Use the Borrow/Repay panel to monitor outstanding balances and accrued interest.

FAQs

1. What happens if I don’t repay my borrowed funds?
   Unrepaid debts will continue to accrue interest. If your margin level drops below the maintenance threshold, positions may be liquidated.

2. How is interest calculated for borrowed funds?
   Interest is calculated hourly based on the amount borrowed and the current interest rate.

3. What happens if I fail to maintain the margin level?
   If your collateral ratio falls below the required maintenance margin, Bitget will liquidate your position to repay the borrowed funds.

4. What is the repayment order for debts?
   Interest is prioritized first, followed by the repayment of the borrowed principal.

5. Can I repay debts using a different asset?
   No, repayments must be made using the same asset that was borrowed.

6. How can I confirm a successful repayment?
   Check the updated balance in the Assets panel to verify the repayment status.

7. Is there a minimum repayment amount?
   The minimum repayment amount is determined based on the borrowed asset and the platform's terms.

Disclaimer and Risk Warning

All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of funds. Past performance does not guarantee future results. Always conduct thorough research and understand the risks involved. Bitget is not responsible for any trading decisions made by users.