How to close KuCoin contracts

KuCoin Contracts Trading enables closing of futures contracts to settle agreements to buy or sell a specified cryptocurrency quantity at a predefined price on a future date.

Nov 12, 2024 at 08:22 am

How to Close KuCoin Contracts

KuCoin is a cryptocurrency exchange that offers a variety of trading options, including futures contracts. Futures contracts are agreements to buy or sell a certain amount of a cryptocurrency at a set price on a future date.

To close a KuCoin contract, you will need to follow these steps:

1. Go to the Contracts Trading Page

The first step is to go to the Contracts Trading page on KuCoin. You can find this page by clicking on the "Contracts" tab at the top of the KuCoin website.

Once you are on the Contracts Trading page, you will need to select the contract that you want to close. You can do this by using the search bar at the top of the page or by scrolling through the list of available contracts.

2. Click on the "Close" Button

Once you have selected the contract that you want to close, you will need to click on the "Close" button. This button is located in the top-right corner of the contract's page.

3. Enter the Number of Contracts You Want to Close

After you have clicked on the "Close" button, you will need to enter the number of contracts that you want to close. You can do this by typing the number into the box that is provided.

4. Click on the "Close" Button

Once you have entered the number of contracts that you want to close, you will need to click on the "Close" button. This button is located at the bottom of the page.

5. Confirm the Close Order

After you have clicked on the "Close" button, you will need to confirm the close order. To do this, you will need to click on the "Confirm" button.

6. The Contract Will Be Closed

Once you have clicked on the "Confirm" button, the contract will be closed. You will see a confirmation message on the screen.

Here are some additional tips for closing KuCoin contracts:

• You can close a contract at any time before the expiration date.
• You can close a contract for a profit or a loss.
• If you close a contract for a profit, you will receive the difference between the opening price and the closing price of the contract.
• If you close a contract for a loss, you will lose the difference between the opening price and the closing price of the contract.
• You should always carefully consider the risks involved before closing a contract.