Since withdrawal fees are linked to network fees, you will find that in most instances, KuCoins withdrawal fees mirror those of Binance. KuCoin charges only a flat fee of 0.1% for each spot trade, significantly lower than the industry average. From there, look right and you'll see two icons, one that looks like a calculator, and the one that has a hexagon shape. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. There are numerous methods to reduce such expenses, for instance, trading fees are lowered depending on trading volume and holdings of KuCoins native token, the KCS, during the previous 30-days. 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. Other ranking factors include platform availability, customer service, educational resources, security and storage, staking and rewards, to name a few. The sum of weighted values across all or some of these key factors was calculated for each ranking to award each brokerage or exchange its overall rank. 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% Maker/Taker: Market Takers and Makers will have different fees. KCS Pay: You can further reduce your trading fees in spot or margin trading if you enable the KCS Pay Fee feature, which allows you to pay with your KCS holding. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions. 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. This is not investing advice and is a third party unpaid fan-website. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. 2. This incurs the same base fee of 0.1% as spot trading rates. Scroll down and you'll see your open positions. Traders in levels 1-4 will have an amount limit of 200 BTC. 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). The exchange even utilizes a couple of innovative security solutions to enhance their security further, such as trading passwords and the KuCoin Safeguard Program. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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). Stay on the righteous path and think long and hard before making any financial transaction! All ratings are determined solely by our editorial team. Because of this, the funding rate for futures contracts will also vary from 0.03% to 0%, with the latter being the base rate during normal market conditions. Not financial advice- but those who stay alive in the crypto leverage game are extremely prudent with their leverage (2x-3x). 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. Price 4.226. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). The editorial team then developed a standardized methodology, analyzing 10 key benchmark features and variables to assess quality across the platforms. If you Donate with a Message, it might be posted here!". It is recommended for novices to set the leverage below 5x. Select the leverage and input the Entry Price and ROE. Click Start calculation to get the result of your expected Close Price. 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). Not financial advice- but remember that leverage is insanity. 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'. Are you sure you want to rest your choices? Now follow the steps to calculate your own profit: 1. The loan rate gap between the base currency and the quote currency of the perpetual Futures funding rate will change from 0.03% to 0% due to this modification, which implies the funding cost of the KuCoin perpetual Futures will become 0% during normal times. If for some issue you follow the instructions below and cant find your liquidation price, you can input the details of your investment in Binances futures calculator and find it. Choose position direction: Buy/Long or Sell/Short. All Rights Reserved. On the KuCoin.com Website, click here to view your fee share bonus. To calculate your taxes accurately, you must import all transactions from KuCoin Futures to Coinpanda. All Meme Rights Reserved. Click & Calculate. Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. Download the CoinTracking_Excel_Import.xls Excel template file to your PC 2. Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. The platform offers standard security measures, including identity verification, trading passwords and anti-phishing phrases. In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. Big Traders pay less fees, so we use 0.09% as the average. Traders should consider interest before borrowing money. Very few coins are listed on Class Cand the ones that are listed youve probably never heard of. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. KuCoin also allows users to lend their crypto holdings to other would-be margin traders. There are currently 60 or so pairs from which to choose. 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. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. 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. For starters, users who are based in the U.S. cannot complete standard financial industry Know Your Customer (KYC) disclosures on KuCoin. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. KuCoin will send you a verification code that you can then input to set. For more information on the platform and its primary products, read our extensive KuCoin review. The more people trade on KuCoin.com the more fee's are made. 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.". KuCoins Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. Read our KuCoin Review or visit KuCoin. 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. Privacy Policy. WebTo calculate your expected rewards, you need to know the asset's current market value, the staking duration, and the annual interest rate. Click assets in the top right. It also features an excellent interface for trading and multiple ways to earn money by futures, margin, and peer-to-peer trading. It supports users to calculate Potential Profits, Liquidation Price, and Close Price before placing any orders, so as to better help users to make a wise investment strategy. The Forbes Advisor editorial team is independent and objective. Login to your KuCoin account. Because KuCoin is buggy AF. Please see our. Fees In this guide, we will concentrate on KuCoin fees. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. The level of maker/taker fees vary based on the trading level and the class of the coin being traded on KuCoin. Some lenders send a promissory note with your loan offer. Once you have this information, you can use a crypto staking calculator. Past performance is not indicative of future results. Must be a positive number". However, you also need to remember that this type of trading charges interest rates. Although touted as one of the most affordable exchanges in the market, KuCoin does still have fees. Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. Takers, meanwhile, reduce liquidity by filling existing maker orders. The daily bonus is defined as 50% of exchange fee's are split with KCS coin owners (If $10 is Paid in Fee's then the Coin owners share $5 of the Fee's) You also get a 1% trade discount for every 1,000 KCS Coins you own. I agree to receive the Forbes Advisor newsletter via e-mail. 6. zionmatrixx 7 mo. It is often the first to offer buying opportunities for new tokens. Also, the platform has its own native token, KuCoin Shares (KCS). Nevertheless, these are still relatively low compared to industry averages. Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. 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. If the price of Bitcoin drops 20%, youre wiped out and your holdings go to zero. No, you wont owe money. 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. Other entries on the list include esteemed brands such as Bytedance, SpaceX, and Telegram. You can see how to connect KuCoin futures with crypto tax software here. You can also use another token as a fee. It's the ultimate Bitcoin calculator. 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. Upload this file here to start your import Simply buy KuCoin Shares (KCS) and hold them for a day! Once your security settings are complete, youre ready to start trading crypto. This means U.S.-based users may sign up for accounts, but they will remain unverified, which limits access to certain features. All you'll need to do at tax time is download your KuCoin Futures tax statement from Koinly and file it with your local tax authority. with 3x leverage, the bot says Est. Keep that in mind before doing margin trading. In this article, we will talk about trading on KuCoin and the costs that you will incur. For more information, please see our A year later, and they still haven't made this happen. Youre brought to the futures trade screen. 1. Liq. 1. Your personal information will be kept confidential. Enter the "Futures" page and click the icon to find the "Calculator" as shown in the screenshot below.Please upgrade the App to the latest version. KuCoins fee system will be further explained in the section below. (US Only). You can also sign-up for KuCoin with a phone number. Toggle to the positions [x] button. Investors receive discounts based on their average monthly holdings of the platforms native token, KCS, or their previous months trading volume. Interest rates and term lengths vary by coin. The platform also implements industry-standard security features such as the KYC process and two-factor authentication. With KCS Pay Fee enabled, the taker fee is further driven down to the platforms lowest at 0.02%. Log in to KuCoin. Leverage Crypto Trading Calculator Futures Calculator Evaluate a position's potential for leveraging. 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. TL;DR- (Mobile) Ive found the easiest way to view this is by downloading the KuCoin app on your iPhone/Android device. How is this possible and how are these liq prices calculated? Select the crypto you'd like to short/sell or buy/long. From the drop down menu, select main account. Calculate your taxes and generate all required tax reports and forms easily. Scroll down- you'll see your open positions. 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. A limit order to buy "CELRUSDTM" with param size = 1 results in an order placed to buy 10 CELR. Kucoin.com is a Cryptocurrency exchange, started in 2017. Gate.io. In the top middle of your open position data you'll see the liquidation price. The description is given as "Order size. This coin pays 50% of all Exchange Trading Fee's as a Bonus reward to the holders of the KCS Coin. Hope you like it! On the mobile app, click the futures(100x) button on the bottom right. Liq. Performance information may have changed since the time of publication. Improved security as there is no third-party involvement. This might seem complicated, but KuCoins fee structure is pretty reliable and transparent, so customers can easily understand how much their fee will be in every transaction. 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. Scan this QR code to download the app now. This does not give us access to your private keys or the ability to move your funds. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. If your level is high enough, you may even get a negative fee rate. Service. 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.

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