# Account Setup ## Connect Account Users can setup their new Vela Exchange account by connecting to the application with any of the support wallets.

## Profile The very first time that a new user connects to the Vela Exchange, they will be asked for a referral ID. This is an optional, **one-time opportunity** to give referral credit to another wallet address, for which they will earn a small portion of fees produced from a referees trading account.

Users are encouraged to create their unique Vela Exchange profile to distinguish themselves on Vela Exchange trading leaderboards. Users can also opt-in to receive e-mail/ SMS notifications for important position alerts. This is not required and all opt-in data is hosted in secure, encrypted servers hosted by enterprise providers with high uptime and availability.

## Alerts and Notifications Users have the option of receiving trigger notifications via SMS and email by enabling toggle options on the user settings page. \ \ Position Notifications toggle must be **On** in order to receive any push notifications outside of the exchange. Users are then able to choose how they would like to receive those notifications, via email or phone.

## Types of Notifications ### **Margin Call** **Condition:** Losses are 90% of position collateral **Format:** Margin call on \[asset amount] \[asset] \[direction] on \[datetime]. Please add collateral or reduce this position to avoid liquidation **Example:** Margin call on 1.543575 BTC Long on 2022-11-03 15:35:05. Please add collateral or reduce the position size to avoid liquidation ### **Liquidation** **Condition:** losses are 99% of position collateral (99.7% for Forex) **Format:** \[asset amount] \[asset] \[direction] liquidated on \[datetime] **Example:** 1.543575 BTC Long liquidated on 2022-11-03 15:35:05 ### **New Position Created** **Condition:** a user gets filled on a new position via limit, stop market, stop limit **Format:** \[asset amount] \[asset] \[direction] successfully filled at \[price] via \[open order type] order on \[datetime] **Example:** 1.543575 BTC Short successfully filled at 20,560.01 via stop market order on 2022-11-03 15:35:05 ### **Existing Position Closed** **Condition:** a position is closed/partially closed via take profit, stop loss or trailing stop **Format:** Successfully closed \[closed asset amount] of \[asset amount] \[asset] \[direction] at \[price] via \[close order type] order on \[datetime] **Example:** Successfully closed 0.546543 of 1.543575 BTC Short at 19,534.34 via take profit order on 2022-11-03 15:35:05