KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. While the loans are collateralized and the recipient must maintain a certain balance, price dips may cause unexpected losses, and the platform notes in the terms that KuCoin is not guaranteed to fully cover any losses. The maker fee is waived. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. Fees for a specific coin might also change regularly depending on network usage. Because of this, I wouldnt recommend using the leverage feature when doing your first dozen or so short trades with KuCoin. There are set requirements for every level, and you need to meet them at 00:00 AM (UTC+8) to qualify for a level. Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. The exchange also offers several technologically advanced products and services, most notably a trading platform, mobile app, Futures, Margin, Indexes, and Lending Program. How do you turn on Dark Mode in Futures? : r/kucoin - Reddit KuCoin doesnt charge deposit fees, but it does have set withdrawal fees that depend on the crypto tokens market situations, although GAS and NEO are both free. This press release features multimedia. Enter your entry and exit prices. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Your app will calculate your KuCoin taxes for you and generate a pre-filled tax report based on your location - for example, the IRS Form 8949 and Schedule D or the ATO myTax report. KuCoin Futures In light of this, Spot and Futures trades are assigned a level ranging from 1 to 12 based on their 30-day trading volume or 30-day KCS holdings. Editorial Note: We earn a commission from partner links on Forbes Advisor. To trade more efficiently, you need to have a good handle on your chosen platforms fees. Find the next crypto gem on www.kucoin.com, People's Exchange. Choose your position: Buy/Long or Sell/Short. All ratings are determined solely by our editorial team. This does not mean you cannot use KuCoin in the U.S., although it does make this platform complicated and risky. KuCoin Breaks into the Top 50 Ranking on the 2023 Hurun - MarketWatch If your application meets the eligibility criteria, the lender will contact you with regard to your application. The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. Theres also a futures/liquidation calculator on the KuCoin futures trading screen. Maker/Taker: Market Takers and Makers will have different fees. Nevertheless, its withdrawal fees remain to be one of the lowest in the market. Makers create liquidity on an exchange by providing new open orders to be filled by others. KuCoin Fees Explained | How Much It Costs to Trade Crypto? KuCoin Futuress calculator can show you the potential liquidation price according to parameters of buy/long position, leverages, entry price and contract size pre-set by the trader, and you can easily manage your own risk by setting your close position well before the margin call. The KuCoin Futures calculator can help you determine and balance between the different parameters of long/short position, leverages, the entry price, close price, and contract size based on your expected profit. For instance, the current fee to withdraw Bitcoin from the platform is 0.0005 BTC, which would amount to approximately $10.12, at the time of this writing. Rewards will be provided to users who inform us of the above. For more information, please see our KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. KuCoin Futures API Documentation You can even enter custom values to test out future scenarios! How To Find The Cheapest Travel Insurance, Best Investment Apps To Manage Your Portfolio, Broad selection of tradable cryptocurrencies, Offers advanced features like margin trading and futures trading, Funds kept on the platform are not insured, Suffered a major hacking incident in 2020. Crypto Leverage Trading Profit Calculator (2023) - Haru How to Invest in Crypto? Past performance is not indicative of future results. Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. Having the ability to complete KYC verification would open up the full realm of KuCoins offerings to customers based in the U.S. In this section, we will list some examples of the actual fees that customers can enjoy based on their level. Keep that in mind before doing margin trading. KuCoin turns around and buys you an extra $400 worth of bitcoin. After signing in, you may check your trading fee level and current fee by clicking the Fee button on KuCoins official website. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). Click the calculator icon in the upper right corner of the Place Order section. This exchange currently accepts USA residents. Your financial situation is unique and the products and services we review may not be right for your circumstances. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. KuCoin $500 Bonus + Fee Discount (Referral Code QBSSS9X9)https://www.kucoin.com/r/af/QBSSS9X9 KuCoin Spot Trading Tutorial for Beginnershttps://youtu.be. Download the CoinTracking_Excel_Import.xls Excel template file to your PC 2. From the drop down menu, select main account. Launched in September 2017, KuCoin provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users across 207 countries and regions, offering a diverse set of over 700 digital assets. In addition, those assets are backed by Lockton, a private insurance brokerage. Traders in levels 1-4 will have an amount limit of 200 BTC. Beginners Guide, How to Stake Cryptocurrency? To be eligible, users must hold at least six KCS tokens. Deposit $100 and get a $10 bonus! Are you sure you want to rest your choices? with 3x leverage, the bot says Est. Multiply the amount of leverage by 100, and apply that to the price of the coin you're going long/short on. Liq. As an example, on December 31, 2019, the BTC/USD market price of Coinbase became abnormal and the spot index of Deribit, one of the most popular derivatives exchanges in the world, fell over 7% in 5 minutes, or 2,000 points. Click the liquidation price text at the top of the calculator. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. Opening a KuCoin account is very easy. Simply buy KuCoin Shares (KCS) and hold them for a day! The more people trade on KuCoin.com the more fee's are made. KuCoin Futures Review: Is it Worth it? (2023) - RushRadar Click Start calculation to get the result of the Liquidation Price. 1. . Price 17.9. In short, the more you trade and the more KCS you hold within the day, the lower your fees will be. Choose your position: Buy/Long or Sell/Short. Some exchanges charge very expensive fees. Coinpanda has direct integration with KuCoin Futures to simplify tracking your trades and tax reporting. You can check your trading fee level when you log in to your KuCoin account. The Complete KuCoin Tax Reporting Guide | Koinly To determine crypto exchange rankings, we assessed the features and options offered by nearly 25 exchanges, trading apps and brokerage platforms that offer crypto trading options. KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. We will consider the costs incurred while using KuCoins most popular products, so you know what is expected from the platform in terms of pricing. On the KuCoin Futures Pro page, go to . If you want to trade cryptocurrencies, one of the first things that you must be aware of is the fees. So we never know your balance, unlike other websites. Pick a time frame (maximum 100 days). If you get wiped out, youre out of luck! KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, etc. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. Class C is filled with cryptos like BURP and HIPUNKS, cryptos with less than $1 million in market cap. Like most crypto exchanges, you pay a fee to withdraw almost all cryptocurrencies from your KuCoin account. Since withdrawal fees are primarily connected to the networks transaction fees itself, you will find that KuCoins withdrawal fees are similar to those of other popular exchanges, such as Binance. Click assets in the top right. Because KuCoin is buggy AF. Scroll down and you'll see your open positions. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. U.S. usersbeing unable to complete KYC verificationarent offered the same protections as international users. Select your preferred contract type (USDT-Margined or COIN-Margined); 3. Now follow the steps to calculate your own liquidation price. Its like the dealer getting blackjack. Is there a problem with this press release? The description is given as "Order size. If your level is high enough, you may even get a negative fee rate. Why? Liq. Step-by-Step, Cryptocurrency SEO: 5 Essential Tips for Optimizing Your Website and Boosting Rankings, How to Buy Stellar with PayPal [2023] | Step-by-Step, How to Buy Dash Coin with PayPal [2023] | Step-by-Step, Time-Tested Tips to Make Money on the Stock Market Explained. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. Simply go to the KuCoin website, click the sign-up button and enter your email. Fees 2. Youre brought to the futures trade screen. with 2x leverage, the bot says Est. The costs of these transactions will vary depending on the form of payment used, but they should rarely exceed 7%. 2021 CryptoChronicle.io All rights reserved. How does Kucoin Futures Grid calculate the estimated liquidation price? The Maker and Taker base transaction fees for margin trading pairs are also 0.1 %, same with spot trading; however, when it comes to calculating interest and fees, traders must incorporate interest while returning the borrowed money. Thanks & Welcome to the Forbes Advisor Community! Every 8 hours, the Futures funding occurs at 04:00, 12:00, and 20:00 UTC. On the mobile app, click the futures(100x) button on the bottom right. On the KuCoin Futures Pro page, go to Trade ; 2. Your personal information will be kept confidential. 11 days later, and they still haven't made this happen. There are currently 60 or so pairs from which to choose. Im 46 and a single mother. Im a firm believer that information is the key to financial freedom. Once your security settings are complete, youre ready to start trading crypto. Trading fee token: KuCoin can also use the token youre trading as the fee itself, removing the need for external fee payment. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. KuCoin Futures uses a smarter algorithm for Spot Index calculation. 2. 1. ", "While these Review's may be a joke, the Calculator actually works. Furthermore, customers who possess KuCoins native utility token are eligible for additional discounts, and by paying your trading fees with KCS, you will be able to receive further reductions. KuCoin partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of KuCoins crypto assets. Beginning as a fork of the popular Steller network, DigitalBits is a new blockchain offering which describes itself as an, 'easy-to-use open-source blockchain used to power digital assets'. The platform also implements industry-standard security features such as the KYC process and two-factor authentication. And, this exchange is steadily growing with a large selection of coins like the competitor Cryptopia Shares. More obscure coins, like Love Coin (LOVE), fall under Class B, trading with a 0.2%/0.2% maker/taker fee for that low-volume level of LV0. How to Buy LUKSO | Buy LYXE in 4 steps (May 2023) You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. If you specify the end time only, the system will automatically calculate the start time as end time minus 24 hours, and vice versa. Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust. 5. with 5x leverage, the bot says Est. Near the middle of your open position info banner youll see your liquidation price. kucoin staking calculator | BTCC Knowledge Copyright 2023 MarketWatch, Inc. All rights reserved. In addition, the cost structure on the platform is straightforward and open, allowing traders to comprehend the setup without any issues. Youll be able to enjoy your current level for the next 24 hours. how to calculate liquidation for futures bot : r/kucoin - Reddit KuCoin, a top five global crypto exchange, has ranked as a top 50 company in the 2023 Hurun Global Unicorn List, representing one of only just two Unicorn crypto companies on the list followed by Binance. How to connect KuCoin Futures to Koinly via API On KuCoin Futures Theres a 24-hour withdrawal limit, with amount limits also varying depending on the level. The Seychelles-based crypto exchange launched with an initial coin offering in 2017. No, KuCoin does not provide an EOFY . For traders looking to purchase crypto using fiat currencies, KuCoin provides various options for doing so, including their Fast Buy function, P2P, and interoperability with Simplex and other similar services. The following is a comprehensive list of KuCoin Futures trading fees: Interestingly, there are no deposit fees with KuCoin, which means that deposits are free for clients regardless of the currency they choose. They can slash fees even further if they pay with KCS. This coin pays 50% of all Exchange Trading Fee's as a Bonus reward to the holders of the KCS Coin. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. You can now use KuCoin Futures Calculator to calculate potential Profits, Liquidation Price, and Close Price before placing any orders. Cryptos on the exchanges are sorted into the following categories: Class A, Class B and Class C. Most popular cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), are in Class A. You can see how to connect KuCoin futures with crypto tax software here. It is recommended for novices to set the leverage below 5x. Not financial advice- but remember that leverage is insanity. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Since KuCoin is not licensed in the U.S., customers based in the U.S. cant complete the KYC process or access verification benefits like higher daily withdrawal limits, fiat trading, higher futures leverage and quicker account recovery if you forget your credentials or your account gets hacked. Price 17.9. This compensation comes from two main sources. kucoin_moderator 1 yr. ago Hi, go to futures then somewhere in the upper right of that page you will see words "Place order" below your "profile icon". Kucoin.com is a Cryptocurrency exchange, started in 2017. If this isnt working, try accessing KuCoin through another medium/browser. However, with KCS Pay Fee enabled, these fees will be lowered to 0.08% of the transaction because of the 20% discount. VICTORIA, Seychelles, (BUSINESS WIRE) -- https://www.businesswire.com/news/home/20230420005553/en/, Vice preparing to file for bankruptcy: reports. Click & Calculate. However, both NEO and GAS are free to withdraw. . KuCoin will send you a verification code that you can then input to set. Select the desired futures market by clicking the drop-down menu. 1. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. Simply click the Fee button on your interface after logging in. Scroll down- you'll see your open positions. Liq. KuCoin Futures Calculator - Calculate Beforehand to Enjoy Profitable Trading! 3. (Desktop) go to your trading screen on KuCoin futures. On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. As a software product manager, I cant blame them too much given they have tens of millions of users and not much staff in their Singapore office. Futures Calculator | Calculate Profit / Loss on Futures Trades A year later, and they still haven't made this happen. The higher your level is the lower your trading fees. The most popular coins include: A full list of KuCoin coin offerings can be found here. While KCS is undoubtedly one advantage of using the KuCoin platform, its still important to note that KCS is itself a volatile crypto and that you are not assured a stablecoin value. Purchases conducted on the P2P marketplace will result in charges depending on the payment method and processor rates; thus, potential P2P users should bear this in mind when buying or selling digital assets. If you want to be at the highest level in the KuCoin fee structure, you must have a holding of 150,000 KCS or a 30-day average trading volume equivalent to 80,000 BTC. Calculate your taxes in less than 15 minutes. As you may know, excessive cryptocurrency trading and depositing costs might reduce your earnings; however, KuCoins customers can be confident that their fees will remain competitive. A limit order to buy "CELRUSDTM" with param size = 1 results in an order placed to buy 10 CELR. How to Use the KuCoin Futures Calculator? with 5x leverage, the bot says Est. Established in 2013, Gate.io has grown in to a reputable trading platform . 1. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. How to Enable Stop Losses & Take Profits on KuCoin So You Don't Get Use of this site constitutes acceptance of our Terms of Service. At this level, the taker fee is at 0.025%, while the maker fee will be a negative rate of 0.005%. How is this possible and how is this calculated? Liq. Contact the source provider Comtex at editorial@comtex.com. Its one of the few platforms where U.S. users can access a margin account for trading crypto, and it offers a 20% discount on trading fees when using its token, KuCoin Token (KCS). On the KuCoin.com Website, click here to view your fee share bonus. with 2x leverage, the bot says Est. In this article, we will talk about trading on KuCoin and the costs that you will incur. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. You might be using an unsupported or outdated browser. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. You can also use another token as a fee. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. U.S. users of KuCoins platform run considerable risks not carried by other platforms licensed in the U.S. KuCoin might be a better fit for international users. Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions.