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. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Scroll down- youll see your open positions. Should I empty my 401(k) to pay off my house? The 2023 Hurun Global Unicorn List features the world's most successful private start-ups founded in the 2000s worth at least $1 billion. If you specify the end time only, the system will automatically calculate the start time as end time minus 24 hours, and vice versa. How to Invest in Crypto? 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. If the crypto hits your liquidation price, the house (KuCoin) wins and you lose your money. For whatever reason cointracker don't support Kucoin Futures API so I used coinpanda to handle just that portion of it. 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. 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. Follow the three steps below to enter the futures calculator page. Now follow the steps to calculate your own profit: 1. Editorial Note: We earn a commission from partner links on Forbes Advisor. TL;DR- (Mobile) Ive found the easiest way to view this is by downloading the KuCoin app on your iPhone/Android device. KuCoin is buggy as fuck- and its frustrating when this happens. If youre using KuCoin on Google Chrome, try it with Safari or Brave. KuCoin Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. In addition, those assets are backed by Lockton, a private insurance brokerage. 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. The most popular coins include: A full list of KuCoin coin offerings can be found here. Simply click the Fee button on your interface after logging in. This is not investing advice and is a third party unpaid fan-website. Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners. You might think that only the highest-level traders might avail of the low fees that KuCoin is boasting about. For more information on the platform and its primary products, read our extensive KuCoin review. Choose position direction: Buy/Long or Sell/Short. Opening a KuCoin account is very easy. 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. Aside from that, KuCoin cares greatly about the security of its users. KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. 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. how to calculate liquidation for futures bot : r/kucoin - Reddit This website is free for you to use but we may receive commission from the companies we feature on this site. You can see how to connect KuCoin futures with crypto tax software here. SFI does business as Daniels Trading/Top Third/Futures Online. Cookie Notice In addition, the cost structure on the platform is straightforward and open, allowing traders to comprehend the setup without any issues. Seems like it is pointless to have futures if your customers have no way to chart them in the way that they need to, to do proper analysis. Choose your position: Buy/Long or Sell/Short. Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. This recognition is not only a milestone for KuCoin but also an affirmation of our vision that everyone will one day be with crypto. 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). VICTORIA, Seychelles, (BUSINESS WIRE) -- Takers, meanwhile, reduce liquidity by filling existing maker orders. with 2x leverage, the bot says Est. Deposit $100 and get a $10 bonus! If your level is high enough, you may even get a negative fee rate. Youre brought to the futures trade screen. Copyright 2023 FINODES LLC. Price 4.226. The description is given as "Order size. Investing is speculative. with 5x leverage, the bot says Est. 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. BTW I was using APE/USDT for this example. Maker/Taker: Market Takers and Makers will have different fees. Select the crypto you'd like to short/sell or buy/long. 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. In the U.S., the platform is best-suited to traders who already own crypto and are looking to trade less common cryptos. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. In general, trading costs on cryptocurrency exchanges are often varied for market makers and market takers. Multiply the amount of leverage by 100, and apply that to the price of the coin you're going long/short on. How to Enable Stop Losses & Take Profits on KuCoin So You Don't Get How to Buy LUKSO | Buy LYXE in 4 steps (May 2023) Not financial advice- but remember that leverage is insanity. Price 4.455. . Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions. How to Connect KuCoin Futures with Koinly Your financial situation is unique and the products and services we review may not be right for your circumstances. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Underneath liquidation price, youll see the price at which your trades will go Lehman Brothers on you (go to zero). ", "Kucoin Share Calculator's (KCSCalc.com) owner can do over 100 Push Ups, so he must make a good website! KuCoin has chosen a fee structure based on levels. 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. This can quickly drain your earnings, especially if youre just a beginner trader. Your level will be displayed on the page. 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. Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin Please try again later. If youre planning to start your cryptocurrency journey or want to have more effective trades, KuCoins low trading fees should put this exchange at the top of your list. This does not give us access to your private keys or the ability to move your funds. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. From the drop down menu, select main account. Interest rates and term lengths vary by coin. When investing your capital is at risk. 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'. All ratings are determined solely by our editorial team. KuCoins rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. Any idea how to chart futures on Tradingview? : r/kucoin - Reddit KuCoin Fees Explained | How Much It Costs to Trade Crypto? KuCoin Futures API Documentation 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. Submit the required documentation and provide your best possible application. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Founded as the peoples exchange, KuCoin ranks among the worlds top 10 largest crypto exchanges by volume, according to CoinMarketCap.com. I agree to receive the Forbes Advisor newsletter via e-mail. Learn the most important aspects of leverage trading for cryptocurrency, including tips and risks, as well as alternatives. As mentioned, KuCoin has a 1-12 leveling system. In KuCoin, different roles incur different trading fees. Theres a 24-hour withdrawal limit, with amount limits also varying depending on the level. Traders in levels 1-4 will have an amount limit of 200 BTC. The Forbes Advisor editorial team is independent and objective. 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. 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. KuCoin Calculator: Calculate Your Fees on KuCoin - Blockduo Alternatively, another way to scale down fee charges is to keep KCS tokens for at least 30 days. 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. 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. 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. Outside of the U.S., KuCoin also has similar limitations. These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. The Kucoin Share (KCS) Coin was sold to supporters of KuCoin, giving them a Share in the profit. 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. Read our KuCoin Review or visit KuCoin. Sign and return that note if you wish to accept the loan offer. If you want to trade cryptocurrencies, one of the first things that you must be aware of is the fees. Theres $128,000 on the mortgage. Pick a time frame (maximum 100 days). Is there a problem with this press release? 2. Choose the appropriate market type, either Bullish (Going Long) or Bearish (Going Short). Spot trading is the most-used feature on the platform. If you have any questions, send us an email at [emailprotected]. (Each market price format is unique, so please refer to the Price Format Example provided in the information section to ensure the correct calculation). DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. KuCoin Futures KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. 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. In the top middle of your open position data you'll see the liquidation price. Price 4.455. Some exchanges charge very expensive fees. Are you sure you want to rest your choices? Privacy Policy. 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. with 2x leverage, the bot says Est. For more information, please see our The Seychelles-based crypto exchange launched with an initial coin offering in 2017. 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. 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 . Select the leverage and input the Entry Price and ROE. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. 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). Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. with 5x leverage, the bot says Est. 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. 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. Find the next crypto gem on www.kucoin.com, People's Exchange. The more people trade on KuCoin.com the more fee's are made. KuCoin turns around and buys you an extra $400 worth of bitcoin. 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. However, keep in mind that the final amount of your trades can be affected because KuCoin can take the amount directly from your traded tokens. Liq. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. KuCoin Futures Review: Is it Worth it? (2023) - RushRadar If you Donate with a Message, it might be posted here!". with 3x leverage, the bot says Est. If you get wiped out, youre out of luck! Now follow the steps to calculate your own liquidation price. Having the ability to complete KYC verification would open up the full realm of KuCoins offerings to customers based in the U.S. 1. U.S. usersbeing unable to complete KYC verificationarent offered the same protections as international users. Or, the ultimate crypto calculator with thousands of cryptocurrencies to choose from! 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. If you still cant see your futures positions. The higher your level is the lower your trading fees. This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. The major drawback for KuCoins U.S. users is the lack of U.S. licensure. How is this possible and how are these liq prices calculated? Taker: Being a Taker in specific kinds of orders (market, hidden, or iceberg) will incur a taker fee. This doesnt mean leverage cant wreck you, though. This involves taking on significant risk, no matter what trading platform you choose. 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. No, KuCoin does not provide an EOFY . 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. 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. In the top middle of your open position data youll see the liquidation price. 2. Established in 2013, Gate.io has grown in to a reputable trading platform . Enter a name (Ex: Coinpanda) and the API Passphrase field. This means U.S.-based users may sign up for accounts, but they will remain unverified, which limits access to certain features. KuCoin is a global cryptocurrency exchange which offers a wide range of trading pairs on many different digital assets. ", "While these Review's may be a joke, the Calculator actually works. 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. Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. Youll be able to enjoy your current level for the next 24 hours. Liq. 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. KuCoin doesnt offer unverified accounts the same fraud and hacking protection as verified accounts. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). 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. Use of this site constitutes acceptance of our Terms of Service. When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Maker: You will incur a Maker Fee if you activated the Post Only option in a limit order. The more people trade on KuCoin.com the more fee's are made. Stronger applications get better loan offers. 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. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? Calculate and prepare your KuCoin Futures taxes in under 20 minutes. They can slash fees even further if they pay with KCS. 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. Should you have any further questions, please contact support: Sign up for free. You can take a look at the full list of fees when futures trading in KuCoin for more details. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. 1. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. For trading, a Class A coin and the basic level of Level 0 (LV0), the maker/taker range is 0.1%/0.1%, respectively. Futures Calculator | Calculate Profit / Loss on Futures Trades KuCoins fee system will be further explained in the section below. Overwrite them) 3. 1. 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. 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. Click the liquidation price text at the top of the calculator. 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! However, with KCS Pay Fee enabled, these fees will be lowered to 0.08% of the transaction because of the 20% discount. 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. 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. Click Start calculation to get the result of the Cost, Profits and ROE. You can also use another token as a fee. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. You buy $100 worth of Bitcoin at 5x leverage. kucoin staking calculator crypto futures bitcoin futures ethereum futures cardano futures litecoin futures. Select the leverages and enter the entry price and contract size. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. 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. 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. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. 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. 3. Ive found a few fixes that work (but now always): Note: using leverage in crypto is the definition of insanity. As mentioned, KuCoin is not licensed in the U.S. KuCoin Breaks into the Top 50 Ranking on the 2023 Hurun - MarketWatch Select history (deposit & withdrawal). 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. 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. Upload this file here to start your import
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