How to open a contract cooling-off period at KuCoin

By applying a cooling-off period to a contract on KuCoin, users can take a break from trading the selected contract, allowing them to reassess their trading strategy and make informed decisions.

Nov 10, 2024 at 05:58 am

How to Open a Contract Cooling-off Period at KuCoin

Step 1: Log in to Your KuCoin Account

• Navigate to the KuCoin website (https://www.kucoin.com/) and sign in to your account.
• Enter your username and password, or use your preferred login method.

Step 2: Access the Contract Trading Page

• From the KuCoin homepage, hover over the "Trade" tab and select "Futures" from the dropdown menu.
• This will take you to the Contract Trading interface.

Step 3: Find the Contract You Want to Apply Cooling-off Period for

• In the left-hand menu, select the contract market you wish to apply the cooling-off period to.
• For example, if you want to apply it to Bitcoin Futures (BTCUSD), choose "BTCUSD."

Step 4: Locate the Cooling-off Period Button

• Scroll down the contract details page and locate the "Cooling-off Period" section.
• Click on the "Apply" button next to this section.

Step 5: Set the Cooling-off Duration

• A pop-up window will appear where you can set the duration of the cooling-off period.
• Choose from the available options (usually ranging from 12 hours to 14 days).

Step 6: Confirm the Cooling-off Period

• Once you have selected the duration, click on the "Confirm" button.
• You will be notified that the cooling-off period has been applied.

Step 7: Understand the Impact of Cooling-off Period

• During the cooling-off period, you will not be able to trade the selected contract.
• Any open positions in that contract will be automatically closed.
• The cooling-off period is designed to give you time to reconsider your trading strategy and make informed decisions.

Additional Considerations

• You can apply a cooling-off period to multiple contracts simultaneously.
• The cooling-off period cannot be canceled once applied.
• If the cooling-off period expires, you will be able to trade the contract again.