KuCoin How to open a 10x contract

KuCoin How to Open a 10x ContractStep 5: Choose a Trading Pair and Open a 10x Contract* In the "Futures" section, select a trading pair (e.g., BTC/USDT).* Choose the "10x" contract type from the "Leverage" tab.* Select the type of order (Market, Limit, or Stop Market).* Enter the amount you want to trade and the leverage you wish to apply (e.g., 10x).* Click on "Short" (for selling the asset) or "Long" (for buying the asset).* Review and confirm the details.

Nov 20, 2024 at 12:48 pm

KuCoin How to Open a 10x Contract

Step 1: Register for a KuCoin Account

• Visit the KuCoin website and click on "Sign Up" in the top right corner.
• Input your email address, password, and desired username.
• Agree to KuCoin's terms of service and complete the captcha.
• Click on "Sign Up" to create your account.

Step 2: Enable 2FA (Optional but Recommended)

• For enhanced security, it is advised to enable 2-factor authentication (2FA).
• Go to the "Security Settings" page from the top right corner.
• Under "2-Factor Authentication," select either "Google Authentication" or "SMS Authentication."
• Follow the on-screen instructions to set up 2FA.

Step 3: Fund Your KuCoin Account (Buy USDT)

• There are various methods available to deposit funds into your KuCoin account. One option is to buy USDT using a credit/debit card.
• On the homepage, click on "Buy Crypto" and select "Credit/Debit Card."
• Select USDT as the cryptocurrency you wish to purchase.
• Enter the amount and your card details.
• Review and confirm the transaction.

Step 4: Transfer USDT to Your Futures Trading Account

• Once your account is funded, navigate to the "Futures" section from the top menu.
• Click on "Transfer" on the left side of the page.
• Select "Main Account" and "Futures Account" in the "From" and "To" fields, respectively.
• Enter the amount of USDT you wish to transfer and confirm the transaction.

Step 5: Choose a Trading Pair and Open a 10x Contract

• In the "Futures" section, select a trading pair (e.g., BTC/USDT).
• Choose the "10x" contract type from the "Leverage" tab.
• Select the type of order (Market, Limit, or Stop Market).
• Enter the amount you want to trade and the leverage you wish to apply (e.g., 10x).
• Click on "Short" (for selling the asset) or "Long" (for buying the asset).
• Review and confirm the details.

Step 6: Monitor and Manage Your 10x Contract

• Once opened, your contract will be displayed in the "Positions" table.
• Monitor the performance of your contract and make adjustments as needed.
• Adjust the leverage, close the position, or place a stop-loss order to manage risk.

Step 7: Close Your 10x Contract

• To close your contract, navigate to the "Positions" table and click on the "Close" button for the contract you wish to close.
• Select the type of order (Market, Limit, or Stop Market).
• Enter the amount you want to close and confirm the transaction.
• Your position will be closed and the settlement amount credited to your Futures trading account.