Skip to main content

What is the Minimum Balance Requirement?

  • Updated

Minimum collateral balance refers to the Wallet Balance in your BitMEX account.

Before getting started with Margin+, you must hold 30% of the collateral value before BitMEX proceeds to drawdown. Otherwise, a margin call shortly after drawdown is possible.

After your Margin+ is activated, your Minimum Balance must remain above 125% of the collateral value to avoid a Margin Call.

Screenshot 2024-06-03 at 6.17.53 PM.png

 

Liquidation will occur if one of the following scenarios occurs:

  • You’re in margin call for more than 12 hours;
  • Your Minimum Balance ever drops below 110% of the collateral value.

 

Example

Let’s say you apply for a Margin+ of 10,000 Tether (USDT).

  • To proceed to drawdown, you'll need to have a minimum of 3,000 USDT (or XBT equivalent) in your wallet.
  • To avoid Margin Call, you'll need to have a minimum of 12,500 USDT (or XBT equivalent) in your wallet.
    To avoid liquidation, you'll need to have a minimum of 11,000 USDT (or XBT equivalent) in your wallet.

Related articles

This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). HDR wholly owns BitMEX, a Bitcoin-based trading platform.


Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions.