How to Use the Profit Withdrawal Function in Spot Grid Trading?
2024-09-26 03:07
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What can I do with the grid profit generated?
You can withdraw the realized grid Profit from running Spot Grid bots. However, the maximum withdrawal amount for Spot Grid is determined by the market condition, as part of your profits may be retained to cover any extra holding costs (e.g., Reserved Fee) in the future. Under all circumstances, the initial investment amount is the minimum amount that must remain within the bot and cannot be withdrawn.
Currently, Spot grid strategies with trailing up do not support the profit withdrawal function.
How to withdraw grid profit from running Spot Grid Bots on the website?
1. Log in to your Binance account and go to the Spot Grid Bot Trading page. To withdraw the realized grid profit of a position, click [Withdraw Profits] under the [Action] column.
2. You may also visit the [Details] page of a running Spot grid strategy to make the withdrawal. Click [Withdraw Profits].
How to withdraw grid profit from running Spot Grid Bots on the app?
Log in to your Binance app and go to [Trade] - [Bots]. Tap [All Orders] and choose a running Spot grid strategy. Tap [Withdraw Profit] to withdraw the realized grid profit.
How to calculate the available amount of grid profit to withdraw?
Grid Profit: The realized profit of filled grid orders that are matched by one buy-order and one sell-order.
Withdrawal Amount: The cumulative amount of grid profit already withdrawn.
Reserved Fee: The base coin amount reserved for the bot to continue running.
Under all circumstances, the initial investment amount is the minimum amount that must remain within the bot and cannot be withdrawn.
Why do I have grid profit but can't withdraw it?
You may not be able to withdraw grid profit if the Available Withdrawal Amount is lower than the minimum notional value of the respective pair.
For example, the minimum notional value of BTC/USDT is 5 USDT. If your Available Withdrawal Amount is 4.97 USDT, you’ll see this message on the profit withdrawal pop-up: The amount of the grid profit withdrawn cannot be less than 5 USDT.
Where will my withdrawn profits be transferred to? Where can I see the profit withdrawal history?
Grid profit withdrawn from Spot grid bots will be transferred to your Spot Wallet. You can see the withdrawal history at the bottom of the [Details] page under [Profit Withdrawal Records].
