Provide any additional information if required. If you have any questions, send us an email at [emailprotected]. For the pictures youre seeing in this article, I placed a 5x long trade on Bitcoin here with $100. 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. 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. Open the file with Microsoft Excel or another compatible program and put in your transactions (The file already contains some demo transactions for illustration. Click Start calculation to get the result of the Liquidation Price. Price 4.226. Must be a positive number". Click the calculator icon in the upper right corner of the Place Order section. Visit a quote page and your recently viewed tickers will be displayed here. Koinly will calculate your KuCoin Futures taxes based on your location AND generate your EOFY tax report, all within 20 minutes! with 2x leverage, the bot says Est. On the mobile app, click the futures (100x) button on the bottom right. Heres a summary of how your trading fees are affected, whether youre a market maker or a market taker. 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). Learn the most important aspects of leverage trading for cryptocurrency, including tips and risks, as well as alternatives. On the mobile app, click the futures(100x) button on the bottom right. KuCoin Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. Price 4.455. Login to your KuCoin account. This can quickly drain your earnings, especially if youre just a beginner trader. 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. 1. (Each market price format is unique, so please refer to the Price Format Example provided in the information section to ensure the correct calculation). The exchange also offers several technologically advanced products and services, most notably a trading platform, mobile app, Futures, Margin, Indexes, and Lending Program. This coin pays 50% of all Exchange Trading Fee's as a Bonus reward to the holders of the KCS Coin. Kucoin.com is a Cryptocurrency exchange, started in 2017. 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. KuCoin will send you a verification code that you can then input to set up your password. Very few coins are listed on Class Cand the ones that are listed youve probably never heard of. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. However, you also need to remember that this type of trading charges interest rates. The regular fee in this level is only 0.07% for the taker fee. If you get wiped out, youre out of luck! All rights reserved. All Meme Rights Reserved. Im a firm believer that information is the key to financial freedom. ", "Kucoin Share Calculator's (KCSCalc.com) owner can do over 100 Push Ups, so he must make a good website! KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. Choose your position: Buy/Long or Sell/Short. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. KuCoin also allows users to lend their crypto holdings to other would-be margin traders. 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. In the U.S., the platform is best-suited to traders who already own crypto and are looking to trade less common cryptos. For example, KuCoin can use the USDT/KCS token as a fee when youre trading the BTC/USDT token. 4. Simply click the Fee button on your interface after logging in. Theres a 24-hour withdrawal limit, with amount limits also varying depending on the level. 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. Alternatively, another way to scale down fee charges is to keep KCS tokens for at least 30 days. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. You might be using an unsupported or outdated browser. Scroll down and youll see your open positions. 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). This includes accounts with 40,000 KCS holdings or a 30-day average trading volume equivalent to 4,000 BTC. 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. Select the desired futures market by clicking the drop-down menu. It is recommended for novices to set the leverage below 5x. Enter your entry and exit prices. 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. 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. Cookie Notice KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. 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). On the KuCoin.com Website, click here to view your fee share bonus. So we never know your balance, unlike other websites. KuCoin partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of KuCoins crypto assets. Entry Price* Only numbers should be used. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. 10,000 transactions/sec Environmental sustainability . 2023 Forbes Media LLC. The most popular coins include: A full list of KuCoin coin offerings can be found here. 3. 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. When investing your capital is at risk. The exchange even utilizes a couple of innovative security solutions to enhance their security further, such as trading passwords and the KuCoin Safeguard Program. 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 . 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). Simply go to the KuCoin website, click the sign-up button and enter your email. Privacy Policy. Now follow the steps to calculate your own close price: 2. This is not investing advice and is a third party unpaid fan-website. 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's the ultimate Bitcoin calculator. Use of this site constitutes acceptance of our Terms of Service. 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. Price 17.9. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. By way of explanation, the USD/USDT loan rate, which adjusts for comparable financing rates, can be either positive or negative. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. . This leads to many risks, not the least of which is the inability for U.S.-based customers to complete KYC verification. 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. ago. A year later, and they still haven't made this happen. You can now use KuCoin Futures Calculator to calculate potential Profits, Liquidation Price, and Close Price before placing any orders. For starters, users who are based in the U.S. cannot complete standard financial industry Know Your Customer (KYC) disclosures on KuCoin. (Desktop) go to your trading screen on KuCoin futures. 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. KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. Select the leverage and input the Entry Price and ROE. - KuCoin's Own Website. 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. Crypto lending is not, of course, without its risks. Simplex generally charges a 3.5% fee, whereas Baxa charges in the range of 4% to 6%. 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. On the KuCoin Futures Pro page, go to . Your personal information will be kept confidential. For whatever reason cointracker don't support Kucoin Futures API so I used coinpanda to handle just that portion of it. KuCoin Shares - KCS Coin Bonus Calculator. It also features an excellent interface for trading and multiple ways to earn money by futures, margin, and peer-to-peer trading. KuCoin, a top five global crypto exchange, has ranked as a top 50 company in the 2023 Hurun Global Unicorn List, representing one of only just two Unicorn crypto companies on the list followed by Binance. Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. Investing is speculative. Liq. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? From the drop down menu, select main account. Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. The maker fee is waived. Stilt is committed to helping immigrants build a better financial future. 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. You can see how to connect KuCoin futures with crypto tax software here. This website is free for you to use but we may receive commission from the companies we feature on this site. Are you sure you want to rest your choices? 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 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. How to connect KuCoin Futures to Koinly via API On KuCoin Futures 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.
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