The level of maker/taker fees vary based on the trading level and the class of the coin being traded on KuCoin. Once the sign up is complete, youll have the opportunity to enter your security settings. Select the leverage and input the entry price, close price, and size (amount). Hope you like it! with 5x leverage, the bot says Est. KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. Scan this QR code to download the app now. 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. Log in to KuCoin. Upload this file here to start your import This means KuCoin put up an extra $400 for me to buy $500 worth of Bitcoin in total. Does KuCoin provide an end of year statement? Get the latest news and insights from the crypto world. 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. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. 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. 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. You buy $100 worth of Bitcoin at 5x leverage. This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. 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. 2. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. Should you have any further questions, please contact support: Sign up for free. 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. 3. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. "We are honored to be included in the Hurun Global Unicorn list of 2023, which is a testament to our dedication towards becoming a reliable and trustworthy gateway into the world of cryptocurrency, said Johnny Lyu, CEO at KuCoin. This recognition is not only a milestone for KuCoin but also an affirmation of our vision that everyone will one day be with crypto. How is this possible and how are these liq prices calculated? Price 4.226. How to file your KuCoin taxes with Koinly How to connect KuCoin Futures to Koinly via API On KuCoin Futures KuCoin is a global cryptocurrency exchange which offers a wide range of trading pairs on many different digital assets. We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. The report studied unicorn companies in 48 countries and 271 cities worldwide, revealing 508 new names. This includes accounts with 40,000 KCS holdings or a 30-day average trading volume equivalent to 4,000 BTC. KuCoin $500 Bonus + Fee Discount (Referral Code QBSSS9X9)https://www.kucoin.com/r/af/QBSSS9X9 KuCoin Spot Trading Tutorial for Beginnershttps://youtu.be. Your financial situation is unique and the products and services we review may not be right for your circumstances. Thanks & Welcome to the Forbes Advisor Community! 6. zionmatrixx 7 mo. Underneath liquidation price, youll see the price at which your trades will go Lehman Brothers on you (go to zero). Kucoin Futures API documentation for placing a limit order ( https://docs.kucoin.com/futures/#place-an-order ) has a param called "size" with type Integer. Select the crypto you'd like to short/sell or buy/long. Nevertheless, these are still relatively low compared to industry averages. 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. The discount can be up to 20%. 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. KuCoin Futures API Documentation Choose position direction: Buy/Long or Sell/Short. Click Start calculation to get the result of the Liquidation Price. Due to this, separate transactions for each funding payment and closed positions may not be imported, but the net gain/loss (wallet balance change) will still be 100% accurate. In the top middle of your open position data you'll see the liquidation price. As an example, for every $100 they make KCS coin owners will get $50 to share split between all KCS Coins (100 Million Coins exist currently). Rewards will be provided to users who inform us of the above. Or, the ultimate crypto calculator with thousands of cryptocurrencies to choose from! Because of its accessibility and commitment to security, KuCoin has become one of the largest cryptocurrency exchanges, with about one in four traders using its interface. You can also sign-up for KuCoin with a phone number. Service. You might be using an unsupported or outdated browser. Save the file as a XLS or XLSX file 4. With KCS Pay Fee enabled, the taker fee is further driven down to the platforms lowest at 0.02%. Like most crypto exchanges, you pay a fee to withdraw almost all cryptocurrencies from your KuCoin account. Im 46 and a single mother. ", "While these Review's may be a joke, the Calculator actually works. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. . Also, the platform has its own native token, KuCoin Shares (KCS). 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. If the crypto hits your liquidation price, the house (KuCoin) wins and you lose your money. 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. (Desktop) go to your trading screen on KuCoin futures. For more information, please see our Maker/Taker: Market Takers and Makers will have different fees. In this section, we will list some examples of the actual fees that customers can enjoy based on their level. hbspt.cta.load(2022783, 'f8d4d9fa-b85b-4b97-a35e-a32d3a5aeded', {"region":"na1"}); STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. Price 4.455. . Find the next crypto gem on www.kucoin.com, People's Exchange. with 5x leverage, the bot says Est. 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. 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. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. All ratings are determined solely by our editorial team. Its like the dealer getting blackjack. Any idea how to chart futures on Tradingview? : r/kucoin - Reddit 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! 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. All Rights Reserved. This does not mean you cannot use KuCoin in the U.S., although it does make this platform complicated and risky. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. 11 days later, and they still haven't made this happen. Entry Price* Only numbers should be used. Understanding KuCoin Fees: Final Thoughts, How to Transfer From Coinbase to Coinbase Pro. Calculate your taxes in less than 15 minutes. As mentioned, KuCoin has a 1-12 leveling system. 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. 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. 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. - KuCoin's Own Website. Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions. Liq. KuCoin Shares (KCS) Calculator - Simulate the Future! Click the liquidation price text at the top of the calculator. You can use Crypto Profit Calculator to calculate the potential profit/loss from your cryptocurrency investments like Bitcoin, Ethereum, Dogecoin, Shiba Inu, Solana, Cardano, and more. BTW I was using APE/USDT for this example. ago. Liq. 4. Simplex generally charges a 3.5% fee, whereas Baxa charges in the range of 4% to 6%. . These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. The more people trade on KuCoin.com the more fee's are made. Very few coins are listed on Class Cand the ones that are listed youve probably never heard of. Futures Calculator | Calculate Profit / Loss on Futures Trades Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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 assets in the top right. 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". All Meme Rights Reserved. What does "size" parameter in Kucoin futures API refer to? Ive found a few fixes that work (but now always): Note: using leverage in crypto is the definition of insanity. It's the ultimate Bitcoin calculator. In short, the more you trade and the more KCS you hold within the day, the lower your fees will be. 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. Your decisions are yours alone and we are in no way responsible for your actions. 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. 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. The description is given as "Order size. Futures Calculator | Calculate Profit / Loss on Futures Trades Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. 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. Other entries on the list include esteemed brands such as Bytedance, SpaceX, and Telegram. 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. KuCoin will send you a verification code that you can then input to set up your password. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. 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. No, KuCoin does not provide an EOFY . The editorial team then developed a standardized methodology, analyzing 10 key benchmark features and variables to assess quality across the platforms. You can check your trading fee level when you log in to your KuCoin account. 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. Simply buy KuCoin Shares (KCS) and hold them for a day! 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). Price 4.455. with 3x leverage, the bot says Est. The Kucoin Share (KCS) Coin was sold to supporters of KuCoin, giving them a Share in the profit. 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). This should cover your entire transaction history on KuCoin, so you may need multiple CSV files. WARNING: The content on this site should not be considered investment advice. Traders should consider interest before borrowing money. U.S. usersbeing unable to complete KYC verificationarent offered the same protections as international users. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. I agree to receive the Forbes Advisor newsletter via e-mail. Trading fee token: KuCoin can also use the token youre trading as the fee itself, removing the need for external fee payment. It also features an excellent interface for trading and multiple ways to earn money by futures, margin, and peer-to-peer trading. However, you also need to remember that this type of trading charges interest rates. This means U.S.-based users may sign up for accounts, but they will remain unverified, which limits access to certain features. Gate.io. 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. You can also contact MarketWatch Customer Service via our Customer Center. As mentioned, KuCoin has some of the lowest trading fees, even among top exchanges. 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. Simply go to the KuCoin website, click the sign-up button and enter your email. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. If you are considering applying for a personal loan, just follow these 3 simple steps. KuCoin Calculator: Calculate Your Fees on KuCoin - Blockduo 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. Please see our. Moreover, a Special VIP for Whales is available if your total assets exceed one million USDT, you will be eligible for the LV5 fee rate (maker 0%) and other benefits. The Forbes Advisor editorial team is independent and objective. Other ranking factors include platform availability, customer service, educational resources, security and storage, staking and rewards, to name a few. Read our KuCoin Review or visit KuCoin. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. KuCoins fee system will be further explained in the section below. Quantity* Only numbers should be used. KuCoin is continuously expanding its services and offerings to meet the needs of its customers. For the pictures youre seeing in this article, I placed a 5x long trade on Bitcoin here with $100. The most popular coins include: A full list of KuCoin coin offerings can be found here. After signing in, you may check your trading fee level and current fee by clicking the Fee button on KuCoins official website. Traders in levels 1-4 will have an amount limit of 200 BTC. Select your preferred contract type (USDT-Margined or COIN-Margined); 3. Liq. Simply buy KuCoin Shares (KCS) and hold them for a day! 1. Established in 2013, Gate.io has grown in to a reputable trading platform . If you lever up to 100x, the price only needs to drop 1% for you to get wrecked. KuCoins Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. How to Buy LUKSO | Buy LYXE in 4 steps (May 2023) 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). 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. In order to improve the trading experience of users, KuCoin Futures launched the Calculator. This easy-to-use tool can be used to help you figure out what you could potentially make or lose on a trade or determine where to place a protective stop-loss order/limit order to capture your profit. To trade more efficiently, you need to have a good handle on your chosen platforms fees. how to calculate liquidation for futures bot : r/kucoin - Reddit KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap, and has been named by Forbes as one of the Best Crypto Exchanges in 2023, the Most Recommended Exchange by Finder's Award 2023, and by The Ascent as the Best Crypto App for enthusiasts. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). Everything seemed pretty accurate to me. The regular fee in this level is only 0.07% for the taker fee. Your personal information will be kept confidential. When you land on the asset overview screen, navigate to your futures account on the bottom left. 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. The Seychelles-based crypto exchange launched with an initial coin offering in 2017. Select the leverage and input the Entry Price and ROE. The new payment method allows customers from the 36 SEPA member states to deposit EUR into their account and utilize it to acquire cryptocurrency assets using KuCoins Fast Buy option. KuCoin Shares - KCS Coin Bonus Calculator. Copyright 2023 FINODES LLC. Editorial Note: We earn a commission from partner links on Forbes Advisor. Near the middle of your open position info banner youll see your liquidation price. As with all crypto exchanges, its important to keep in mind that you are investing in a very volatile new asset class. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. Are you sure you want to rest your choices? Something went wrong. Since fees are imposed on each trade, they can quickly add up; thus, traders are concerned about their costs when choosing an exchange. Every 8 hours, the Futures funding occurs at 04:00, 12:00, and 20:00 UTC. 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. If this isnt working, try accessing KuCoin through another medium/browser. In addition, the cost structure on the platform is straightforward and open, allowing traders to comprehend the setup without any issues. Tax nightmare : r/kucoin - Reddit ago. This compensation comes from two main sources. 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'. If you specify the end time only, the system will automatically calculate the start time as end time minus 24 hours, and vice versa. 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. Is there a problem with this press release? Open the file with Microsoft Excel or another compatible program and put in your transactions (The file already contains some demo transactions for illustration. 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. This exchange currently accepts USA residents. Calculate your taxes and generate all required tax reports and forms easily. On the mobile app, click the futures(100x) button on the bottom right. Scroll to the bottom of the screen. This press release features multimedia. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Overall, the trading and withdrawal costs at KuCoin Futures are comparable to, if not lower than, the industry averages. KuCoin Review 2023 - Forbes Advisor 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 MarketWatch News Department was not involved in the creation of this content. In this guide, we will concentrate on KuCoin fees. 1. Also, the platform has its own native token, KuCoin Shares (KCS). When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Outside of the U.S., KuCoin also has similar limitations. Once you have this information, you can use a crypto staking calculator. Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. KuCoins rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. . KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. Cookie Notice The platform offers standard security measures, including identity verification, trading passwords and anti-phishing phrases. We do all the Calculations in the web browser! KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. Scroll down- you'll see your open positions. This does not give us access to your private keys or the ability to move your funds. Apply online for the loan amount you need. KuCoin Futures uses a smarter algorithm for Spot Index calculation. Soon youll have your loan offer. We'd love to hear from you, please enter your comments. On the KuCoin Futures Pro page, go to . Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? Follow the three steps below to enter the futures calculator page. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. Trade Futures, Spreads and Options with Confidence. 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. You can see how to connect KuCoin futures with crypto tax software here. The Complete KuCoin Tax Reporting Guide | Koinly Toggle to the positions [x] button. KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. Im a firm believer that information is the key to financial freedom. Basic trading features count as one factor in the overall and beginner rankings. Stilt is committed to helping immigrants build a better financial future. KuCoin Futures On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. Now you need to set up your repayment method. Select the wallet icon in the top right corner. KuCoin Shares - KCS Bonus Calculator | Kucoin Staking Rewards 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). Contact the source provider Comtex at editorial@comtex.com. For example.. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. 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. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. 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. How to Report Your KuCoin Futures Taxes | Tax Forms - Coinpanda In the U.S., the platform is best-suited to traders who already own crypto and are looking to trade less common cryptos. Simply go to the KuCoin website, click the sign-up button and enter your email. 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. Although touted as one of the most affordable exchanges in the market, KuCoin does still have fees. 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). On the KuCoin.com Website, click here to view your fee share bonus. Investing is speculative. From there, look right and you'll see two icons, one that looks like a calculator, and the one that has a hexagon shape. 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. Youll be able to enjoy your current level for the next 24 hours. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. Overwrite them) 3. CopyRight 2017 - 2023 KuCoin.com. It is often the first to offer buying opportunities for new tokens.
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