how to close cross margin kucoin

To close a cross margin position on KuCoin, navigate to the Cross Margin page, select the instrument, ensure you're using the Cross Margin account, input the repayment amount, review the details, and click on "Confirm."

Nov 01, 2024 at 07:40 am

How to Close a Cross Margin on KuCoin

Step 1: Log In to Your KuCoin Account

• Visit KuCoin's official website and click on "Log In" in the top right corner.
• Enter your email address and password to sign in to your account.

Step 2: Navigate to the Cross Margin Page

• Hover over the "Trade" menu and click on "Cross Margin."
• This will direct you to the cross margin page.

Step 3: Choose the Instrument and Account

• Select the cryptocurrency pair you borrowed for cross margin trading.
• On the right side of the page, ensure you have selected the "Cross Margin" account.

Step 4: Position Management

• Under "Position Management," you will see your current open margin positions.
• Click on the "Close" button corresponding to the position you want to close.

Step 5: Enter Repayment Amount

• In the "Close Position" window, input the amount of cryptocurrency you want to repay to close the position.
• You can choose to repay the entire loan or a portion of it.

Step 6: Confirm Repayment

• Review the repayment details carefully.
• Once satisfied, click on the "Confirm" button.

Step 7: Position Closed

• KuCoin will process your repayment and close the margin position.
• The borrowed cryptocurrency will be credited back to your spot wallet.

Additional Notes:

• When closing a cross margin position, you may need to pay interest charges for the borrowing period.
• It's recommended to close margin positions before the loan period ends to avoid potential liquidation.
• KuCoin supports margin trading for various cryptocurrency pairs. Check the official website for available options.