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.

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