Are there any specific requirements for shorting on KuCoin?
RosildaDec 26, 2021 · 3 years ago3 answers
What are the specific requirements for shorting on KuCoin? Can anyone participate in short selling on KuCoin or are there certain criteria that need to be met?
3 answers
- Dec 26, 2021 · 3 years agoShorting on KuCoin requires users to have a verified account. This means that you need to complete the KYC (Know Your Customer) process and provide the necessary identification documents. Once your account is verified, you can start short selling on KuCoin.
- Dec 26, 2021 · 3 years agoTo participate in short selling on KuCoin, you need to have sufficient funds in your margin account. The amount of funds required may vary depending on the specific cryptocurrency you want to short. It's important to have a clear understanding of the margin requirements before engaging in short selling on KuCoin.
- Dec 26, 2021 · 3 years agoShorting on KuCoin is not available on the platform itself. However, you can use BYDFi, a third-party platform that offers shorting services for various cryptocurrencies, including those listed on KuCoin. BYDFi provides a user-friendly interface and allows you to easily engage in short selling on KuCoin and other supported exchanges.
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