How to buy contracts at KuCoin

To purchase contracts on KuCoin, you'll need to set up an account, fund it, navigate to the Contracts Trading Platform, choose the trading pair and contract type, enter your desired purchase amount, and monitor your open positions carefully while managing your risk.

Nov 09, 2024 at 02:49 am

How to Buy Contracts at KuCoin: A Comprehensive Guide for Beginners

Step 1: Create an Account at KuCoin

Visit the official KuCoin website and click on "Sign Up."
Enter your email address and create a strong password.
Verify your email by clicking on the link sent to your inbox.
Complete the KYC (Know Your Customer) verification process to enhance your account security.

Step 2: Fund Your KuCoin Account

Click on "Assets" in the top menu bar and select "Deposit."
Choose the cryptocurrency you want to deposit and generate a deposit address.
Transfer your funds from your external wallet or exchange to the generated deposit address.

Step 3: Navigate to the Contracts Trading Platform

Click on "Trading" in the top menu bar and select "Contracts."
You will be directed to the KuCoin Futures Trading platform.

Step 4: Select the Trading Pair and Contract Type

From the left-hand menu, choose the trading pair you want to trade (e.g., BTC/USDT).
Select the contract type: Perpetual Contract or Delivery Contract.
Perpetual Contracts do not have an expiry date, while Delivery Contracts expire on a specific date.

Step 5: Place a Buy Order

In the order form on the right, select the "Buy" tab.
Enter the amount of the underlying asset you want to purchase (e.g., Bitcoin).
Choose the order type: Limit Order, Market Order, or Stop Order.
Limit Order: Set the desired price and amount you want to buy.
Market Order: Buy the asset at the current market price.
Stop Order: Place an order that becomes active when a certain price threshold is reached.

Step 6: Monitor Your Open Positions

After placing your order, it will appear in the "Open Positions" section on the right.
You can monitor your position's performance, including its entry price, leverage, profit/loss, and margin.

Step 7: Manage Your Risk

Set stop-loss and take-profit orders to limit your potential losses and lock in profits.
Adjust your leverage carefully. Higher leverage magnifies both potential profits and losses.
Monitor market conditions regularly and adjust your trading strategy accordingly.

Step 8: Close Your Position

Click on the "Close Position" button associated with your open position.
Choose the closure method: Sell at Market Price or Set a Limit Price.
Upon completion, the contract will be closed, and your profit or loss will be realized.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

GODS

$0.1910

58.94%

Trade Now
UXLINK

$0.7968

39.11%

Trade Now
SWFTC

$0.0279

24.07%

Trade Now
TRIBE

$0.5154

18.08%

Trade Now
USDX

$0.6570

16.88%

Trade Now
ORBR

$0.1781

16.56%

Trade Now

Latest Crypto News

Think Tank Demands DOJ Probe Into Trump’s Memecoin
2025-02-08 13:41:05
Melania Trump’s Crypto Meme Coin MELANIA Has Lost Almost 90% of Its Value
2025-02-08 13:41:05
Tether (USDT) holds its floor when the stable coin competition grows
2025-02-08 13:01:05
$PEPE "Still Panic????"
2025-02-08 13:01:05
Dogecoin (DOGE) May Have Finished Its ABC Correction, This Analyst Says
2025-02-08 12:51:05
Is Solana About to Change the Game? The Implications of the SEC's Spot ETF Approval
2025-02-08 12:51:05

Related knowledge

What are the impacts of different contract leverage multiples?

Dec 16,2024 at 12:46pm

Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Dec 16,2024 at 12:44pm

Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...

What does the leverage ratio of contract trading mean?

Dec 16,2024 at 12:43pm

What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...

What scams exist in leveraged trading of virtual currency contracts?

Dec 16,2024 at 12:42pm

What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...

What is 20x leverage on Bitcoin contracts?

Dec 16,2024 at 12:40pm

What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...

What is the difference between Huobi’s margin trading and contract trading?

Dec 16,2024 at 12:39pm

Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...