These expenses are mostly the result of network fees levied by various cryptocurrencies, as the numerous cryptos available on this site determine the withdrawal charges. CopyRight 2017 - 2023 KuCoin.com. 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. This flat base fee doesnt matter even if the coins gain and lose value. Choose your position: Buy/Long or Sell/Short. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. You still might not be able to see your positions on KuCoin futures. The Kucoin Share (KCS) Coin was sold to supporters of KuCoin, giving them a Share in the profit. Information provided on Forbes Advisor is for educational purposes only. Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners. Ive found a few fixes that work (but now always): Note: using leverage in crypto is the definition of insanity. Outside of the U.S., KuCoin also has similar limitations. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. Price 17.9. Price 4.226. The major drawback for KuCoins U.S. users is the lack of U.S. licensure. Among them Hurun Global Unicorn List 2023 highlighted that "Seychelles-based crypto exchange KuCoin bucked the trend of the rest of the industry, raising US$150 million in July last year at a valuation of US$10 billion.". Please check the trading page for the precise trading charge rates. On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. Theres also a futures/liquidation calculator on the KuCoin futures trading screen. KuCoin Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. This means KuCoin put up an extra $400 for me to buy $500 worth of Bitcoin in total. However, with KCS Pay Fee enabled, these fees will be lowered to 0.08% of the transaction because of the 20% discount. On the KuCoin Futures Pro page, go to . This is not investing advice and is a third party unpaid fan-website. A year later, and they still haven't made this happen. 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). Simplex generally charges a 3.5% fee, whereas Baxa charges in the range of 4% to 6%. If you specify the end time only, the system will automatically calculate the start time as end time minus 24 hours, and vice versa. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. Any idea how to chart futures on Tradingview? : r/kucoin - Reddit Past performance is not indicative of future results. SEPA payment functionality was added to KuCoins platform on January 24, 2022, making it easier for Europeans to fund their accounts and take advantage of the convenience of zero costs, as well as depositing up to 1 million EUR in a single transaction. Theres one huge caveat you need to understand before you even think about opening a KuCoin account: KuCoin is not licensed to operate within the U.S. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. The level of maker/taker fees vary based on the trading level and the class of the coin being traded on KuCoin. Now you need to set up your repayment method. I agree to receive the Forbes Advisor newsletter via e-mail. In addition, the cost structure on the platform is straightforward and open, allowing traders to comprehend the setup without any issues. . KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. If your level is high enough, you may even get a negative fee rate. 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. Enter a name (Ex: Coinpanda) and the API Passphrase field. It's the ultimate Bitcoin calculator. Once the sign up is complete, youll have the opportunity to enter your security settings. 2. Are you sure you want to rest your choices? Taking everything into consideration, KuCoin is a well-established cryptocurrency exchange that provides some of the lowest trading costs in terms of Spot, Futures, and withdrawal fees. Apply online for the loan amount you need. Founded as the peoples exchange, KuCoin ranks among the worlds top 10 largest crypto exchanges by volume, according to CoinMarketCap.com. 1. mmckillen 6 mo. This does not mean you cannot use KuCoin in the U.S., although it does make this platform complicated and risky. You can also use another token as a fee. Crypto exchanges are also frequently targeted by hackers. This website is free for you to use but we may receive commission from the companies we feature on this site. Nevertheless, its withdrawal fees remain to be one of the lowest in the market. And, this exchange is steadily growing with a large selection of coins like the competitor Cryptopia Shares. Now follow the steps to calculate your own liquidation price. 2. Pick a time frame (maximum 100 days). The most popular coins include: A full list of KuCoin coin offerings can be found here. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. On the KuCoin platform, there are variable costs when financing futures contracts. The greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. KuCoin Futures Review: Is it Worth it? (2023) - RushRadar On the Stilt Blog, I write about the complex topics like finance, immigration, and technology to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more. KuCoins Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. In the top middle of your open position data you'll see the liquidation price. WebTo calculate your expected rewards, you need to know the asset's current market value, the staking duration, and the annual interest rate. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. U.S. usersbeing unable to complete KYC verificationarent offered the same protections as international users. Sign and return that note if you wish to accept the loan offer. Select history (deposit & withdrawal). StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. In short, the more you trade and the more KCS you hold within the day, the lower your fees will be. Taker: Being a Taker in specific kinds of orders (market, hidden, or iceberg) will incur a taker fee. The platform also implements industry-standard security features such as the KYC process and two-factor authentication. Click Start calculation to get the result of the Cost, Profits and ROE. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. You can see how to connect KuCoin futures with crypto tax software here. How to Buy DigitalBits | Buy XDB in 4 steps (May 2023) 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. Using margin greatly increases the amount of risk youre able to take when investing in an already risky and historically very volatile asset and is best left to experienced crypto investors. Now follow the steps to calculate your own profit: 1. The following are some advantages of utilizing SEPA transfers: KuCoin offers users exclusive fee rates for Futures trading and 0% or low interests on Margin loans through its VIP Privilege. KuCoin partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of KuCoins crypto assets. Interest rates and term lengths vary by coin. how to calculate liquidation for futures bot : r/kucoin - Reddit If you go 2x leverage, 2*100= 50% If you go 5x leverage, 5*100= 20% If you go 20x leverage, 20*100= 5% If you go 50x leverage, 50*100= 2% KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, etc. KuCoin has chosen a fee structure based on levels. . For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. Futures Calculator | Calculate Profit / Loss on Futures Trades 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. When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. Aside from that, KuCoin cares greatly about the security of its users. For whatever reason cointracker don't support Kucoin Futures API so I used coinpanda to handle just that portion of it. To find out more, visit https://www.kucoin.com, View source version on businesswire.com: https://www.businesswire.com/news/home/20230420005553/en/, For media inquiries, please contact: media@Kucoin.com, COMTEX_429763160/2456/2023-04-20T07:36:15. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. ", "Kucoin Share Calculator's (KCSCalc.com) owner can do over 100 Push Ups, so he must make a good website! It uses a level-based pay structure, where those in the higher tiers gain lower trading fees when they buy and sell coins. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. This compensation comes from two main sources. KuCoins fee system will be further explained in the section below. 2021 CryptoChronicle.io All rights reserved. Select the leverage and input the entry price, close price, and size (amount). KuCoin Fees Scroll to the bottom of the screen. 1. This press release features multimedia. Kucoin.com is a Cryptocurrency exchange, started in 2017. with 2x leverage, the bot says Est. I bought around a Bitcoin price of $41,700 at 5x, so KuCoin is showing my liquidation price to be 20% less than that, or about $33,500. Below is a list of the client level fees: Traders should note that KuCoin has set withdrawal limitations of 24 hours, which vary depending on the user level. When you land on the asset overview screen, navigate to your futures account on the bottom left. Rewards will be provided to users who inform us of the above. This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. Provide any additional information if required. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. Since withdrawal fees are linked to network fees, you will find that in most instances, KuCoins withdrawal fees mirror those of Binance. For example, KuCoin can use the USDT/KCS token as a fee when youre trading the BTC/USDT token. Opening a KuCoin account is very easy. We do all the Calculations in the web browser! For the pictures youre seeing in this article, I placed a 5x long trade on Bitcoin here with $100. Luckily, even at the base rate, KuCoin still has one of the lowest trading fees around, at only a 0.1% fee for every transaction. Calculate hypothetical profit & loss (PnL), return on equity (ROE), and liquidation price before placing any orders on crypto futures trades. Done! Click Start calculation to get the result of your expected Close Price. Quantity* Only numbers should be used. KuCoins trading fees are very competitive. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). Across the top of the Futures Pro homepage, you'll see the trading pairs. 2. Coinpanda supports the following transaction types from KuCoin Futures today: We are only requestingview permissions. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. Select the crypto you'd like to short/sell or buy/long. Trading fee token: KuCoin can also use the token youre trading as the fee itself, removing the need for external fee payment. 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. 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. These disclosers are meant to reduce crime and money laundering. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. Please try again later. You can even enter custom values to test out future scenarios! Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. You might be using an unsupported or outdated browser. So we never know your balance, unlike other websites. Cancelling Your Bid on OpenSea: What You Need to Know, Heres the Recommended Cryptocurrency Portfolio Allocation, How to Transfer Crypto Between Coinbase and Zebpay, Log out, clear your browsing history for the last hour, and log back in, Log in to your KuCoin futures account on another browser, Look at your positions on KuCoin mobile (Ive found this one always works). Does KuCoin provide an end of year statement? Reward amounts will be determined based on the type and relevance of the information provided. Now follow the steps to calculate your own profit: 1. The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. 2023 StoneX Group Inc. All Rights Reserved, As a futures trader, it is critical to understand exactly what your potential risk and reward will be in monetary terms on any given trade. You can take a look at the full list of fees when futures trading in KuCoin for more details. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? 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. From there, look right and you'll see two icons, one that looks like a calculator, and the one that has a hexagon shape. Should I empty my 401(k) to pay off my house? The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. KuCoin Futures implements IEPR(Immediately Executable Price Range) rule, in which the price of a buy order cannot be higher than 1.05 * mark price, . 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. Spot trading is the most-used feature on the platform. The loan then gets disbursed into your U.S. bank account within a reasonable number of days (some lenders will be as quick as 2-3 business days). KuCoin Futures Other entries on the list include esteemed brands such as Bytedance, SpaceX, and Telegram. This level includes all accounts without any KCS or a 30-day average trading volume less than the equivalent of 50 BTC. KuCoin is continuously expanding its services and offerings to meet the needs of its customers. However, U.S. users need to be aware that, due to their inability to complete KYC verification, their accounts may not be as secure as international accounts. Maker: You will incur a Maker Fee if you activated the Post Only option in a limit order. This does not give us access to your private keys or the ability to move your funds. Login to your KuCoin account. Price 4.455. Liq. If you still cant see your futures positions. In the futures account box, click the trade icon. One of the principal factors behind KuCoins popularity is that its fees are significantly lower than those of other cryptocurrency exchanges, at 0.1% per transaction. As mentioned, KuCoin has a 1-12 leveling system. Fees The Passphrase will not be shown again, so remember to write it down. The regular maker/taker charges 0.1% on each transaction when Spot Trading. On the KuCoin.com Website, click here to view your fee share bonus. Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. This includes accounts with 40,000 KCS holdings or a 30-day average trading volume equivalent to 4,000 BTC. Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. 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. Something went wrong. Traders should bear in mind fee levels on trading pairs having 0.1% maker and 0.1% taker fees, do not apply to all trading pairs. Calculate your taxes in less than 15 minutes. Find the next crypto gem on www.kucoin.com, People's Exchange. 6. zionmatrixx 7 mo. AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy, How the debt-ceiling crisis could affect your investment portfolio. KuCoin Review 2023 - Forbes Advisor Scroll down- you'll see your open positions. It is recommended for novices to set the leverage below 5x. Get the latest news and insights from the crypto world. Instead, the exchange uses a charge structure known as a flat fee, meaning every KuCoin Spot Trading transaction has a set cost of 0.1%, which is lower than the global industry average. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. If you have any questions, send us an email at [emailprotected]. Must be a positive number". The Coinpanda mobile app for iOS and Android is scheduled for release in May , It is important to be aware that the Realized P&L imported from the API is the, https://www.kucoin.com/assets/futures-account/trade-history, Hover over the user icon in the top-right corner and click API Management. For more information on the platform and its primary products, read our extensive KuCoin review. Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. KuCoins rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. For starters, users who are based in the U.S. cannot complete standard financial industry Know Your Customer (KYC) disclosures on KuCoin. with 3x leverage, the bot says Est. KCC, the public chain built by KuCoin's community members, will also be a significant infrastructure where resources will be allocated to create a decentralized ecosystem. Nevertheless, these are still relatively low compared to industry averages. The higher your level is the lower your trading fees. Download the CoinTracking_Excel_Import.xls Excel template file to your PC 2. (US Only). If the crypto hits your liquidation price, the house (KuCoin) wins and you lose your money. Once 24 hours has past you will be rewarded with your bonus, it is calculated at 0:00 UTC +8 (West Australia/Hong Kong Time). In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. Some of the main figures that set the platform apart from its competitors include more than 8 million registered users globally, over $370 billion in trading volume (USD), and almost 800 million total trades.