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. You can check your trading fee level when you log in to your KuCoin account. If your level is high enough, you may even get a negative fee rate. The most popular coins include: A full list of KuCoin coin offerings can be found here. Also, the platform has its own native token, KuCoin Shares (KCS). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Kucoin.com is a Cryptocurrency exchange, started in 2017. 1. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. KuCoin Futures Trading https://www.kucoin.com/news/en-kucoin-futures-calculator?utm_source=redditinfo 0 comments 100% Upvoted Log in or sign up to leave a comment Log In Sign Up Sort by: best no comments yet Be the first to share what you think! Exchange Calcs 2017. https://www.businesswire.com/news/home/20230420005553/en/, Vice preparing to file for bankruptcy: reports. Im 46 and a single mother. Opening a KuCoin account is very easy. So we never know your balance, unlike other websites. On the KuCoin platform, there are variable costs when financing futures contracts. Click Start calculation to get the result of your expected Close Price. Its fucking nuts. Now follow the steps to calculate your own close price: 2. Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions. Your level will be displayed on the page. This flat base fee doesnt matter even if the coins gain and lose value. Price 4.455. 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.". Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. Please try again later. From the drop down menu, select main account. Thanks & Welcome to the Forbes Advisor Community! Coinpanda supports the following transaction types from KuCoin Futures today: We are only requestingview permissions. 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). Koinly will calculate your KuCoin Futures taxes based on your location AND generate your EOFY tax report, all within 20 minutes! On the mobile app, click the futures(100x) button on the bottom right. Youll be able to enjoy your current level for the next 24 hours. 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. If you are considering applying for a personal loan, just follow these 3 simple steps. Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. 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. 5. The fee depends on the specific coin, so be sure to check these before you make your purchase if you plan to transfer your coins to another wallet or exchange. Like most crypto exchanges, KuCoin has a maker/taker fee structure, meaning you pay different fees depending on whether your order is considered a maker or a taker. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. Performance information may have changed since the time of publication. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). In the top middle of your open position data youll see the liquidation price. Since withdrawal fees are linked to network fees, you will find that in most instances, KuCoins withdrawal fees mirror those of Binance. Deviations in the execution may occur due to the trading fees, funding fees, etc. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. 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. In order to improve the trading experience of users, KuCoin Futures launched the Calculator. Editorial Note: We earn a commission from partner links on Forbes Advisor. On the KuCoin.com Website, click here to view your fee share bonus. All ratings are determined solely by our editorial team. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. 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. 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, . Crypto exchanges are also frequently targeted by hackers. Taker: Being a Taker in specific kinds of orders (market, hidden, or iceberg) will incur a taker fee. If you leverage heavily on a long, the crypto only needs to move down a small amount for you to lose everything you put in. Liq. Use of this site constitutes acceptance of our Terms of Service. Every time someone trades the Coin holders get 50% of those fee's, such that as trading Volume increases so does the money earned by Coin Holders. It is currently partnered with Singapore-based digital asset custodian Onchain Custodian to store and secure all its crypto assets. Simplex generally charges a 3.5% fee, whereas Baxa charges in the range of 4% to 6%. They can slash fees even further if they pay with KCS. This includes accounts with 40,000 KCS holdings or a 30-day average trading volume equivalent to 4,000 BTC. You can choose an autopay method online to help you pay on time every month. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. 4. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. You buy $100 worth of Bitcoin at 5x leverage. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. Theres also a futures/liquidation calculator on the KuCoin futures trading screen. Trade Size (USD) Total Fee (USD) What is KuCoin? Copyright 2023 MarketWatch, Inc. All rights reserved. You can even enter custom values to test out future scenarios! This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. This means KuCoin put up an extra $400 for me to buy $500 worth of Bitcoin in total. Stilt is committed to helping immigrants build a better financial future. KuCoin is buggy as fuck- and its frustrating when this happens. Your level changes every day depending on your 30-day average trading volume and KCS holdings. In the U.S., the platform is best-suited to traders who already own crypto and are looking to trade less common cryptos. 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. SFI is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. You can also contact MarketWatch Customer Service via our Customer Center. Takers, meanwhile, reduce liquidity by filling existing maker orders. 2. Please see our. 6. zionmatrixx 7 mo. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. KuCoin will send you a verification code that you can then input to set up your password. Like most crypto exchanges, you pay a fee to withdraw almost all cryptocurrencies from your KuCoin account. Once you have this information, you can use a crypto staking calculator. KuCoins $150 million pre-Series B funding round, led by Jump Crypto and supported by multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners, allowed KuCoin to expand its presence in Web3, including crypto wallets, GameFi, DeFi, and NFT platforms through investment arms like KuCoin Labs and KuCoin Ventures. 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. Its worth mentioning that in some instances, the same coin will be charged as the fee, and the actual transaction amount may differ from the amount that appears in the account since a portion is removed as the fee. 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 costs of these transactions will vary depending on the form of payment used, but they should rarely exceed 7%. Also, the platform has its own native token, KuCoin Shares (KCS). The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. Basic trading features count as one factor in the overall and beginner rankings. However, you also need to remember that this type of trading charges interest rates. If you lever up to 100x, the price only needs to drop 1% for you to get wrecked. If your application meets the eligibility criteria, the lender will contact you with regard to your application. If you specify the end time only, the system will automatically calculate the start time as end time minus 24 hours, and vice versa. Liq. 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. For example, when you withdraw BTC from KuCoin, you will be charged a fee of 0.0005 BTC, which is somewhat less than the current global industry average of 0.00064 BTC, according to Crypto Wissers report. 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. KuCoins Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. Now follow the steps to calculate your own profit: 1. 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. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. Not financial advice- but those who stay alive in the crypto leverage game are extremely prudent with their leverage (2x-3x). Big Traders pay less fees, so we use 0.09% as the average. ", "While these Review's may be a joke, the Calculator actually works. (Desktop) go to your trading screen on KuCoin futures. Click the liquidation price text at the top of the calculator. You can take a look at the full list of fees when futures trading in KuCoin for more details. KuCoin will send you a verification code that you can then input to set. Price 4.226. 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. The higher your level is the lower your trading fees. The platform offers standard security measures, including identity verification, trading passwords and anti-phishing phrases. Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. References to over-the-counter (OTC) products or swaps are made on behalf of StoneX Markets LLC (SXM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. "KCSCalc.com Calculates! 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. and our Liq. Select the leverage and input the entry price, close price, and size (amount). 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. KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. To trade more efficiently, you need to have a good handle on your chosen platforms fees. 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. The report studied unicorn companies in 48 countries and 271 cities worldwide, revealing 508 new names. And, this exchange is steadily growing with a large selection of coins like the competitor Cryptopia Shares. Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. ", "Kucoin Share Calculator's (KCSCalc.com) owner can do over 100 Push Ups, so he must make a good website! 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. Traders in levels 1-4 will have an amount limit of 200 BTC. Deposit $100 and get a $10 bonus! In the top middle of your open position data you'll see the liquidation price. with 5x leverage, the bot says Est. 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. You can use this for anything from rebalancing your portfolio when your asset allocation goes askew to programming guardrails for it to take advantage of price fluctuations in your absence. 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. With KCS Pay Fee enabled, the taker fee is further driven down to the platforms lowest at 0.02%. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. Outside of the U.S., KuCoin also has similar limitations. Your personal information will be kept confidential. Below is a summary of the KuCoin setup: Trading fee token: KuCoin deducts the token, for example, when using USDT/KCS as the trading fee token for BTC/USDT and LTC/KCS. Every 8 hours, the Futures funding occurs at 04:00, 12:00, and 20:00 UTC. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. Open the file with Microsoft Excel or another compatible program and put in your transactions (The file already contains some demo transactions for illustration. VICTORIA, Seychelles, (BUSINESS WIRE) -- 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. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. Price 17.9. In this article, we will talk about trading on KuCoin and the costs that you will incur. Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. KuCoin turns around and buys you an extra $400 worth of bitcoin. We'd love to hear from you, please enter your comments. 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. By holding the KCS Token, you do not only receive a nice passive crypto income but you can also benefit from the growth of the platform. Liq. How is this possible and how is this calculated? 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. WebTo calculate your expected rewards, you need to know the asset's current market value, the staking duration, and the annual interest rate. Across the top of the Futures Pro homepage, you'll see the trading pairs. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. In the futures account box, click the trade icon.
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