Because KuCoin is buggy AF. Heres a summary of how your trading fees are affected, whether youre a market maker or a market taker. View the full release here: https://www.businesswire.com/news/home/20230420005553/en/, The Global Unicorn List 2023, released by the Hurun Research Institute, shows that the number of unicorns has surged from 494 pre-Covid to 1,361 today, and the total value has risen from US$1.7 trillion to US$4.3 trillion. Rewards will be provided to users who inform us of the above. 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. Maker/Taker: Market Takers and Makers will have different fees. It's the ultimate Bitcoin calculator. 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. KuCoins rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. All rights reserved. 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". Also, the platform has its own native token, KuCoin Shares (KCS). Scroll down- youll see your open positions. 2021 CryptoChronicle.io All rights reserved. Service. Select No for IP Restriction and then Permanent in the dropdown below, Click Next, then enter your trading password, verification code, and 2FA code, Click the link in the email to activate the API keys, Copy the API Key, API Secret, and Passphrase created earlier to Coinpanda, Hover over the orders icon in the top-right corner and click Futures Trade History, Select adate range this should cover your entire trading history on KuCoin Futures. Multiply the amount of leverage by 100, and apply that to the price of the coin you're going long/short on. In this guide, we will concentrate on KuCoin fees. 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.". Basic trading features count as one factor in the overall and beginner rankings. 1. Trade Futures, Spreads and Options with Confidence. 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. 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. The Kucoin Share (KCS) Coin was sold to supporters of KuCoin, giving them a Share in the profit. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. 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). Not financial advice- but those who stay alive in the crypto leverage game are extremely prudent with their leverage (2x-3x). Simply go to the KuCoin website, click the sign-up button and enter your email. Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. Calculate hypothetical profit & loss (PnL), return on equity (ROE), and liquidation price before placing any orders on crypto futures trades. This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. 1. mmckillen 6 mo. Not financial advice- but remember that leverage is insanity. Use our, Jan=F, Feb=G, Mar=H, Apr=J, May=K, Jun=M, Jul=N, Aug=Q, Sep=U, Oct=V, Nov=X, Dec=Z. 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. Unfortunately, KuCoin is not licensed to operate in the U.S., although the site can still be accessed for various functionalities, such as buying and selling crypto. Under the deposit history tab, select export to CSV. with 2x leverage, the bot says Est. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). Reward amounts will be determined based on the type and relevance of the information provided. This doesnt mean leverage cant wreck you, though. . 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. Login to your KuCoin account. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. WebTo calculate your expected rewards, you need to know the asset's current market value, the staking duration, and the annual interest rate. As mentioned, KuCoin has a 1-12 leveling system. Choose your position: Buy/Long or Sell/Short. You need to enable JavaScript to run this app.<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-PBTJK8Q" height="0" width="0" style="display:none . KuCoins trading fees are very competitive. 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. KuCoin is a global cryptocurrency exchange which offers a wide range of trading pairs on many different digital assets. Its inclusion in the Hurun Global Unicorn List 2023 is a significant achievement for the company, and it is poised to continue its upward trajectory in the crypto market. Outside of the U.S., KuCoin also has similar limitations. This involves taking on significant risk, no matter what trading platform you choose. This recognition is not only a milestone for KuCoin but also an affirmation of our vision that everyone will one day be with crypto. Liq. In the futures account box, click the trade icon. Maker: You will incur a Maker Fee if you activated the Post Only option in a limit order. Follow the three steps below to enter the futures calculator page. The editorial team then developed a standardized methodology, analyzing 10 key benchmark features and variables to assess quality across the platforms. Thanks & Welcome to the Forbes Advisor Community! 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. Copyright 2023 MarketWatch, Inc. All rights reserved. How to connect KuCoin Futures to Koinly via API On KuCoin Futures KuCoin is buggy as fuck- and its frustrating when this happens. 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. 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. For more information on the platform and its primary products, read our extensive KuCoin review. Theres $128,000 on the mortgage. When investing your capital is at risk. with 2x leverage, the bot says Est. In order to improve the trading experience of users, KuCoin Futures launched the Calculator. There are two different ways to import your transactions from KuCoin Futures to Coinpanda: Remember to tag your transactions if you have received airdrops or staking rewards! Price 4.226. Because of this, I wouldnt recommend using the leverage feature when doing your first dozen or so short trades with KuCoin. Some exchanges charge very expensive fees. Crypto lending is not, of course, without its risks. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions. WARNING: The content on this site should not be considered investment advice. Commissions do not affect our editors' opinions or evaluations. Now follow the steps to calculate your own close price: 2. 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). 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. Please check the trading page for the precise trading charge rates. 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. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. 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. Interest rates and term lengths vary by coin. Choose the appropriate market type, either Bullish (Going Long) or Bearish (Going Short). This means U.S.-based users may sign up for accounts, but they will remain unverified, which limits access to certain features. Get the latest news and insights from the crypto world. The greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. 3. To rank the best crypto exchanges overall and the best exchanges for beginners, we assessed all of the features and options offered by these 25 platforms. This coin pays 50% of all Exchange Trading Fee's as a Bonus reward to the holders of the KCS Coin. Toggle to the positions [x] button. Apply online for the loan amount you need. Select the leverages and enter the entry price and contract size. Leverage* Only numbers should be used. KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. 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. VICTORIA, Seychelles, (BUSINESS WIRE) -- In short, the more you trade and the more KCS you hold within the day, the lower your fees will be. Alternatively, another way to scale down fee charges is to keep KCS tokens for at least 30 days. You can see how to connect KuCoin futures with crypto tax software here. 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. Upload this file here to start your import You can check your trading fee level when you log in to your KuCoin account. Try downloading the KuCoin mobile app and checking it there if you havent done so. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. Liq. Every 8 hours, the Futures funding occurs at 04:00, 12:00, and 20:00 UTC. Submit the required documentation and provide your best possible application. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Simply buy KuCoin Shares (KCS) and hold them for a day! Your level changes every day depending on your 30-day average trading volume and KCS holdings. How is this possible and how are these liq prices calculated? KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. This exchange currently accepts USA residents. In general, trading costs on cryptocurrency exchanges are often varied for market makers and market takers. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Overall, the trading and withdrawal costs at KuCoin Futures are comparable to, if not lower than, the industry averages. Entry Price* Only numbers should be used. 2. The regular maker/taker charges 0.1% on each transaction when Spot Trading. Open the file with Microsoft Excel or another compatible program and put in your transactions (The file already contains some demo transactions for illustration. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. This incurs the same base fee of 0.1% as spot trading rates. It is currently partnered with Singapore-based digital asset custodian Onchain Custodian to store and secure all its crypto assets. and our To add your KuCoin Futures account to Coinpanda, follow these steps: It is important to be aware that the Realized P&L imported from the API is the total amount of Realized P&L of closed positions *and* funding costs and trading fees within the last 8 hours. Editorial Note: We earn a commission from partner links on Forbes Advisor. BTW I was using APE/USDT for this example. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. Understanding KuCoin Fees: Final Thoughts, How to Transfer From Coinbase to Coinbase Pro. Price 4.455. 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. (US Only). 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. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. Share/Bookmark KCSCalc.com's Result with this Link: Daily Trading Volume: (Millions of Dollars), Trading Fee (Average) of what COSS Charges Users. If the price of Bitcoin drops 20%, youre wiped out and your holdings go to zero. . On the mobile app, click the futures(100x) button on the bottom right. Choose your position: Buy/Long or Sell/Short. 2. By way of explanation, the USD/USDT loan rate, which adjusts for comparable financing rates, can be either positive or negative. The more people trade on KuCoin.com the more fee's are made.

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