Liq. Please try again later. 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. 1. mmckillen 6 mo. Scroll down- youll see your open positions. Why? 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. KuCoin turns around and buys you an extra $400 worth of bitcoin. Heres a summary of how your trading fees are affected, whether youre a market maker or a market taker. As mentioned, KuCoin is not licensed in the U.S. If this isnt working, try accessing KuCoin through another medium/browser. The major drawback for KuCoins U.S. users is the lack of U.S. licensure. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. 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. Price 4.455. 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. 2. 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. A year later, and they still haven't made this happen. 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. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. Liq. 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. 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. (Each market price format is unique, so please refer to the Price Format Example provided in the information section to ensure the correct calculation). Risk Tips: The results from KuCoin Futures Calculator are for reference only. Some exchanges charge very expensive fees. This is because the loan rates for USD/USDT can swing from positive to negative and vice versa. This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. Some lenders send a promissory note with your loan offer. 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. Now follow the steps to calculate your own close price: 2. Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. with 3x leverage, the bot says Est. At this level, the taker fee is at 0.025%, while the maker fee will be a negative rate of 0.005%. Enter your entry and exit prices. Crypto exchanges are also frequently targeted by hackers. Youre brought to the futures trade screen. There are currently 60 or so pairs from which to choose. 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. Is there a problem with this press release? Liq. Select the leverages and enter the entry price and contract size. In order to improve the trading experience of users, KuCoin Futures launched the Calculator. Simplex generally charges a 3.5% fee, whereas Baxa charges in the range of 4% to 6%. Share/Bookmark KCSCalc.com's Result with this Link: Daily Trading Volume: (Millions of Dollars), Trading Fee (Average) of what COSS Charges Users. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. VICTORIA, Seychelles, (BUSINESS WIRE) -- Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. To be eligible, users must hold at least six KCS tokens. To view this, go to the trading screen and click the calculator icon on the top right. You might be using an unsupported or outdated browser. BTW I was using APE/USDT for this example. 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% 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. Because KuCoin is buggy AF. We'd love to hear from you, please enter your comments. 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. CopyRight 2017 - 2023 KuCoin.com. 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. KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. Click Start calculation to get the result of the Cost, Profits and ROE. 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. You can even enter custom values to test out future scenarios! Kucoin.com is a Cryptocurrency exchange, started in 2017. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All Meme Rights Reserved. KuCoin Shares - KCS Coin Bonus Calculator. Since fees are imposed on each trade, they can quickly add up; thus, traders are concerned about their costs when choosing an exchange. And, this exchange is steadily growing with a large selection of coins like the competitor Cryptopia Shares. The greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. - KuCoin's Own Website. However, both NEO and GAS are free to withdraw. Coinpanda has direct integration with KuCoin Futures to simplify tracking your trades and tax reporting. The exchange also offers several technologically advanced products and services, most notably a trading platform, mobile app, Futures, Margin, Indexes, and Lending Program. This involves taking on significant risk, no matter what trading platform you choose. For more information on the platform and its primary products, read our extensive KuCoin review. You can also contact MarketWatch Customer Service via our Customer Center. The Seychelles-based crypto exchange launched with an initial coin offering in 2017. Gate.io. 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 regular fee in this level is only 0.07% for the taker fee. Not financial advice- but remember that leverage is insanity. Fees When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Makers create liquidity on an exchange by providing new open orders to be filled by others. 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 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). 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. Leverage Crypto Trading Calculator Futures Calculator Evaluate a position's potential for leveraging. Your level changes every day depending on your 30-day average trading volume and KCS holdings. 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. It is currently partnered with Singapore-based digital asset custodian Onchain Custodian to store and secure all its crypto assets. However, with KCS Pay Fee enabled, these fees will be lowered to 0.08% of the transaction because of the 20% discount. Youll be able to enjoy your current level for the next 24 hours. KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. Please check the trading page for the precise trading charge rates. 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, . In this section, we will list some examples of the actual fees that customers can enjoy based on their level. 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. with 2x leverage, the bot says Est. Copyright 2023 FINODES LLC. Everything seemed pretty accurate to me. As mentioned, KuCoin has a 1-12 leveling system. Big Traders pay less fees, so we use 0.09% as the average. As a software product manager, I cant blame them too much given they have tens of millions of users and not much staff in their Singapore office. Maker: You will incur a Maker Fee if you activated the Post Only option in a limit order. For example, KuCoin can use the USDT/KCS token as a fee when youre trading the BTC/USDT token. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. 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. Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. 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. ", "Kucoin Share Calculator's (KCSCalc.com) owner can do over 100 Push Ups, so he must make a good website! Im 46 and a single mother. Privacy Policy. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 2023 Forbes Media LLC. AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy, How the debt-ceiling crisis could affect your investment portfolio. 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 take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. Price 4.226. Choose the appropriate market type, either Bullish (Going Long) or Bearish (Going Short). (Desktop) go to your trading screen on KuCoin futures. Theres also a futures/liquidation calculator on the KuCoin futures trading screen. 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. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. 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. 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. With the KCS Pay Fee feature enabled, this fee will further be driven down to 0.056%. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. 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. . 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. 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! This level includes all accounts without any KCS or a 30-day average trading volume less than the equivalent of 50 BTC. Service. How is this possible and how are these liq prices calculated? These disclosers are meant to reduce crime and money laundering. You can also use another token as a fee. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. 1. The editorial team then developed a standardized methodology, analyzing 10 key benchmark features and variables to assess quality across the platforms. You can see how to connect KuCoin futures with crypto tax software here. 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. I agree to receive the Forbes Advisor newsletter via e-mail. Select history (deposit & withdrawal). 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. Price 17.9. 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. Click the calculator icon in the upper right corner of the Place Order section. These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. Other entries on the list include esteemed brands such as Bytedance, SpaceX, and Telegram. However, you also need to remember that this type of trading charges interest rates. Furthermore, customers who possess KuCoins native utility token are eligible for additional discounts, and by paying your trading fees with KCS, you will be able to receive further reductions. Moreover, the Kucoin trading price is straightforward and transparent, making it easy for customers to understand. Underneath liquidation price, youll see the price at which your trades will go Lehman Brothers on you (go to zero). So we never know your balance, unlike other websites. TL;DR- (Mobile) Ive found the easiest way to view this is by downloading the KuCoin app on your iPhone/Android device. The Futures calculator can calculate the close price based on your expected entry price, ROE, and leverages. How does Kucoin Futures Grid calculate the estimated liquidation price? KuCoin Futures features changeable financing costs for Futures contracts. Since KuCoin is not licensed in the U.S., customers based in the U.S. cant complete the KYC process or access verification benefits like higher daily withdrawal limits, fiat trading, higher futures leverage and quicker account recovery if you forget your credentials or your account gets hacked. KuCoin doesnt charge deposit fees, but it does have set withdrawal fees that depend on the crypto tokens market situations, although GAS and NEO are both free. From there, look right and you'll see two icons, one that looks like a calculator, and the one that has a hexagon shape. 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. It uses a level-based pay structure, where those in the higher tiers gain lower trading fees when they buy and sell coins. with 3x leverage, the bot says Est. Your decisions are yours alone and we are in no way responsible for your actions. 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. 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. Select the wallet icon in the top right corner. Must be a positive number". Liq. Stilt is committed to helping immigrants build a better financial future. Calculate your taxes in less than 15 minutes. How to connect KuCoin Futures to Koinly via API On KuCoin Futures Now follow the steps to calculate your own profit: 1. 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. Fees for a specific coin might also change regularly depending on network usage. If you lever up to 100x, the price only needs to drop 1% for you to get wrecked. Beginners Guide, How to Stake Cryptocurrency? 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.
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