Place a margin order (spot margin)

This article addresses our spot margin offering. Learn more about Coinbase’s spot margin experience.

Margin trading is high risk and is not suitable for everyone. Leverage amplifies losses as well as gains, and you could lose all of your collateral, or more. If your margin reaches the liquidation threshold, we may sell your collateral without further notice. Depending on where you live, margin loans may be unregulated, with no regulatory recourse. Before you start, read the spot margin risk disclosures and who provides your spot margin services.

Place a margin order from the spot order form. Margin orders use your margin portfolio and borrow funds when an order needs more than you hold.

Enabling Margin (Advanced)

When you select your Margin portfolio, the Margin toggle controls borrowing:

  • On: Orders larger than your available balance borrow funds automatically.

  • Off: You can trade only up to your available balance. Orders that need a loan are rejected for insufficient funds.

You can trade on margin only from your Margin portfolio. Primary and other Advanced portfolios don't support margin.

Place a margin order

Advanced

To place a margin order:

  1. Sign in to Coinbase.com or the Coinbase app.

  2. Select the Advanced toggle.

  3. Fund your Margin portfolio and select a market that supports margin.

  4. Open the order form and turn on the Margin toggle.

  5. Select Buy to go long or Sell to go short.

  6. Select an order type: market, limit, or stop-limit.

    1. Adjust the Time in Force: good-til-canceled (GTC), immediate-or-cancel (IOC), or fill-or-kill (FOK).

    2. Execution: allow taker (default) or post-only.

  7. Enter an amount.

  8. Review the order preview, including Margin Required, Borrow Amount, and the subtotal, fee, and total.

  9. Confirm the order.

You can't edit an order after you place it. To change an order, cancel it and place a new one. Depending on your notification settings, you get a push, in-app, or email notification when an order fills, cancels, or expires.

Partial fills and canceled orders

When you place a margin order, we lend you the necessary funds. If the order is canceled or only partially filled, any unused funds are automatically returned, regardless of your auto-repay setting. For example, if a $100 order fills 50% before cancellation, the remaining $50 is returned.

Orders and transaction history

Advanced

  • Open Orders: can be viewed on the Open orders tab on the trade page

  • Closed Orders: can be viewed on the Closed orders tab on the trade page or on the History page. On the History page you will need to filter to the Margin portfolio

  • Margin Transactions: can be viewed on the History page

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