How to set KuCoin contract's liquidation warning? Can I be reminded by SMS or email?

Introduction to KuCoin Contract Liquidation Warning

Setting up a liquidation warning on KuCoin is an essential feature for traders who engage in futures and margin trading. Liquidation warnings help you stay informed about the risk of your positions being liquidated due to insufficient margin. KuCoin offers the flexibility to receive these warnings through various notification methods, including SMS and email. This article will guide you through the process of setting up these warnings and explain how you can customize your notification preferences.

Accessing the KuCoin Futures and Margin Trading Interface

To begin setting up your liquidation warnings, you first need to access the KuCoin futures and margin trading interface. Here's how you can do it:

• Log into your KuCoin account. Ensure you have enabled two-factor authentication (2FA) for added security.
• Navigate to the 'Futures' or 'Margin' section on the KuCoin platform. You can find these options in the main menu at the top of the page.
• Select the specific futures or margin contract you are trading. This will take you to the trading interface for that particular contract.

Setting Up Liquidation Warnings

Once you are in the trading interface for your chosen contract, you can set up the liquidation warnings. Follow these steps:

• Click on the 'Settings' icon usually located in the top right corner of the trading interface.
• Select 'Notifications' from the dropdown menu. This will open the notification settings panel.
• Scroll down to the 'Liquidation Warning' section. Here, you will see options to set up warnings for different types of contracts.
• Toggle the switch to enable liquidation warnings for the contract you are trading. You can set the warning threshold as a percentage of your margin level.

Customizing Notification Preferences

KuCoin allows you to customize how you receive these liquidation warnings. You can choose to be notified via SMS, email, or both. Here's how to set your preferences:

• In the 'Liquidation Warning' section, you will see options for 'SMS' and 'Email'.
• Toggle the switch next to 'SMS' if you want to receive text message notifications. You may need to verify your phone number if you haven't done so already.
• Toggle the switch next to 'Email' if you prefer email notifications. Ensure your email address is verified in your KuCoin account settings.
• Save your settings by clicking the 'Save' button at the bottom of the panel.

Verifying Your Contact Information

To ensure you receive your liquidation warnings without any issues, it's crucial to verify your contact information. Here's how to do it:

• Go to the 'Account' section in the main menu of the KuCoin platform.
• Select 'Security' from the account settings menu.
• Verify your phone number by entering the code sent to your mobile device. If you haven't added a phone number yet, click 'Add Phone Number' and follow the prompts.
• Verify your email address by clicking on the verification link sent to your email. If you need to change your email, click 'Change Email' and follow the instructions.

Testing Your Liquidation Warning Setup

After setting up your liquidation warnings and verifying your contact information, it's a good idea to test the system to ensure everything is working correctly. Here's how you can do it:

• Open a small futures or margin position that is close to the liquidation threshold you set.
• Monitor your notifications to see if you receive a warning when your position approaches the set threshold.
• Check both your SMS and email to confirm that the notifications are being sent to the correct contact information.

Frequently Asked Questions

Q: Can I set different liquidation warning thresholds for different contracts on KuCoin?

A: Yes, KuCoin allows you to set different liquidation warning thresholds for each futures or margin contract you are trading. You can customize these settings in the 'Notifications' section of the trading interface for each contract.

Q: How often will I receive liquidation warnings if my position is close to being liquidated?

A: KuCoin sends liquidation warnings based on the threshold you set. If your position remains close to the liquidation threshold, you may receive multiple warnings until you either add more margin or close the position.

Q: Can I receive liquidation warnings on my mobile app as well as on the desktop version of KuCoin?

A: Yes, KuCoin's mobile app supports the same notification settings as the desktop version. You can set up and receive liquidation warnings on both platforms, ensuring you stay informed regardless of the device you are using.

Q: What should I do if I stop receiving liquidation warnings after initially setting them up?

A: If you stop receiving liquidation warnings, first check your notification settings to ensure they are still enabled. Verify your contact information again, and consider reaching out to KuCoin's customer support for further assistance if the issue persists.