The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. Something went wrong. Hope you like it! The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. Save the file as a XLS or XLSX file 4. On the mobile app, click the futures(100x) button on the bottom right. StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. It would also make the platform more secure and easier to access for U.S. users. We do all the Calculations in the web browser! This is not investing advice and is a third party unpaid fan-website. Use of this site constitutes acceptance of our Terms of Service. In KuCoin, different roles incur different trading fees. Select the wallet icon in the top right corner. 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. On the mobile app, click the futures (100x) button on the bottom right. Scroll to the bottom of the screen. At this level, the taker fee is at 0.025%, while the maker fee will be a negative rate of 0.005%. 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. 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. 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. 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. It is currently partnered with Singapore-based digital asset custodian Onchain Custodian to store and secure all its crypto assets. How to connect KuCoin Futures to Koinly via API On KuCoin Futures The Passphrase will not be shown again, so remember to write it down. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. Choose your position: Buy/Long or Sell/Short. 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. If your application meets the eligibility criteria, the lender will contact you with regard to your application. In the top middle of your open position data youll see the liquidation price. KuCoin $500 Bonus + Fee Discount (Referral Code QBSSS9X9)https://www.kucoin.com/r/af/QBSSS9X9 KuCoin Spot Trading Tutorial for Beginnershttps://youtu.be. KuCoin will send you a verification code that you can then input to set. Past performance is not indicative of future results. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. This does not mean you cannot use KuCoin in the U.S., although it does make this platform complicated and risky. KuCoin will send you a verification code that you can then input to set up your password. Stay on the righteous path and think long and hard before making any financial transaction! This doesnt mean leverage cant wreck you, though. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. Simply buy KuCoin Shares (KCS) and hold them for a day! With KCS Pay Fee enabled, the taker fee is further driven down to the platforms lowest at 0.02%. The greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. Coinpanda has direct integration with KuCoin Futures to simplify tracking your trades and tax reporting. 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. KuCoins fee system will be further explained in the section below. with 5x leverage, the bot says Est. Please see our. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. And, this exchange is steadily growing with a large selection of coins like the competitor Cryptopia Shares. Your level will be displayed on the page. 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. On the KuCoin platform, there are variable costs when financing futures contracts. You might think that only the highest-level traders might avail of the low fees that KuCoin is boasting about. A year later, and they still haven't made this happen. Open the file with Microsoft Excel or another compatible program and put in your transactions (The file already contains some demo transactions for illustration. The maker fee is waived. Please try again later. Overall, the trading and withdrawal costs at KuCoin Futures are comparable to, if not lower than, the industry averages. The Forbes Advisor editorial team is independent and objective. Copyright 2023 MarketWatch, Inc. All rights reserved. All Rights Reserved. . This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This includes accounts with 40,000 KCS holdings or a 30-day average trading volume equivalent to 4,000 BTC. This website is free for you to use but we may receive commission from the companies we feature on this site. Nevertheless, its withdrawal fees remain to be one of the lowest in the market. Commissions do not affect our editors' opinions or evaluations. Every 8 hours, the Futures funding occurs at 04:00, 12:00, and 20:00 UTC. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. If your level is high enough, you may even get a negative fee rate. Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. 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. Koinly will calculate your KuCoin Futures taxes based on your location AND generate your EOFY tax report, all within 20 minutes! If you are considering applying for a personal loan, just follow these 3 simple steps. Follow the three steps below to enter the futures calculator page. Choose position direction: Buy/Long or Sell/Short. Choose your position: Buy/Long or Sell/Short. KuCoin Futures Calculator - Calculate Beforehand to Enjoy Profitable Trading! The exchange also offers several technologically advanced products and services, most notably a trading platform, mobile app, Futures, Margin, Indexes, and Lending Program. Taking everything into consideration, KuCoin is a well-established cryptocurrency exchange that provides some of the lowest trading costs in terms of Spot, Futures, and withdrawal fees. Select your preferred contract type (USDT-Margined or COIN-Margined); 3. While the loans are collateralized and the recipient must maintain a certain balance, price dips may cause unexpected losses, and the platform notes in the terms that KuCoin is not guaranteed to fully cover any losses. Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. 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. 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. If the crypto hits your liquidation price, the house (KuCoin) wins and you lose your money. As with all crypto exchanges, its important to keep in mind that you are investing in a very volatile new asset class. Liq. Rewards will be provided to users who inform us of the above. Now follow the steps to calculate your own profit: 1. 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 and you'll see your open positions. Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners. If you Donate with a Message, it might be posted here!". Once your security settings are complete, youre ready to start trading crypto. 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. 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. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. These disclosers are meant to reduce crime and money laundering. 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. As mentioned, KuCoin has a 1-12 leveling system. 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 . 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. This level includes all accounts without any KCS or a 30-day average trading volume less than the equivalent of 50 BTC. Submit the required documentation and provide your best possible application. Your decisions are yours alone and we are in no way responsible for your actions. 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). Price 17.9. To calculate your taxes accurately, you must import all transactions from KuCoin Futures to Coinpanda. It also features an excellent interface for trading and multiple ways to earn money by futures, margin, and peer-to-peer trading. We are grateful for the support from our investors and partners, who share our belief in the power of crypto to transform the global financial landscape.". Liq. How to Invest in Crypto? 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. For the pictures youre seeing in this article, I placed a 5x long trade on Bitcoin here with $100. KuCoin turns around and buys you an extra $400 worth of bitcoin. KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. The Seychelles-based crypto exchange launched with an initial coin offering in 2017. Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. However, with KCS Pay Fee enabled, these fees will be lowered to 0.08% of the transaction because of the 20% discount. Also, the platform has its own native token, KuCoin Shares (KCS). Learn the most important aspects of leverage trading for cryptocurrency, including tips and risks, as well as alternatives. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. Click Start calculation to get the result of the Liquidation Price. Fees for a specific coin might also change regularly depending on network usage. Select the crypto you'd like to short/sell or buy/long. 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. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Crypto exchanges are also frequently targeted by hackers. This flat base fee doesnt matter even if the coins gain and lose value. Theres $128,000 on the mortgage. You might be using an unsupported or outdated browser. Overwrite them) 3. 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 is currently one of the top 5 crypto exchanges according to CoinMarketCap. 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 2023 Hurun Global Unicorn List features the world's most successful private start-ups founded in the 2000s worth at least $1 billion. 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. For more information on the platform and its primary products, read our extensive KuCoin review. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Cookie Notice You can also use another token as a fee. Price 4.455. For instance, the current fee to withdraw Bitcoin from the platform is 0.0005 BTC, which would amount to approximately $10.12, at the time of this writing. Other ranking factors include platform availability, customer service, educational resources, security and storage, staking and rewards, to name a few. 2. Provide any additional information if required. 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 is a global cryptocurrency exchange which offers a wide range of trading pairs on many different digital assets. 4. From the drop down menu, select main account. In addition, those assets are backed by Lockton, a private insurance brokerage. Or, the ultimate crypto calculator with thousands of cryptocurrencies to choose from! Privacy Policy. 1. 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. Once you have this information, you can use a crypto staking calculator. 5. This should cover your entire transaction history on KuCoin, so you may need multiple CSV files. 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. Liq. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. You can check your trading fee level when you log in to your KuCoin account. KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, etc. Select the leverage and input the Entry Price and ROE. If this isnt working, try accessing KuCoin through another medium/browser. 1. In this article, we will talk about trading on KuCoin and the costs that you will incur. For example.. At this level, accounts have a daily withdrawal limit of 3,000 BTC. Toggle to the positions [x] button. By way of explanation, the USD/USDT loan rate, which adjusts for comparable financing rates, can be either positive or negative. Class C is filled with cryptos like BURP and HIPUNKS, cryptos with less than $1 million in market cap. Log in to KuCoin. 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. Heres a summary of how your trading fees are affected, whether youre a market maker or a market taker. 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. Since withdrawal fees are linked to network fees, you will find that in most instances, KuCoins withdrawal fees mirror those of Binance. Scan this QR code to download the app now. Takers, meanwhile, reduce liquidity by filling existing maker orders. Visit a quote page and your recently viewed tickers will be displayed here. It is often the first to offer buying opportunities for new tokens. Click & Calculate. Enter a name (Ex: Coinpanda) and the API Passphrase field. The costs of these transactions will vary depending on the form of payment used, but they should rarely exceed 7%. 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. 11 days later, and they still haven't made this happen. If you still cant see your futures positions. 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. with 2x leverage, the bot says Est. 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. Simply buy KuCoin Shares (KCS) and hold them for a day! "KCSCalc.com Calculates! The more people trade on KuCoin.com the more fee's are made. The MarketWatch News Department was not involved in the creation of this content. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Your personal information will be kept confidential. In addition, the cost structure on the platform is straightforward and open, allowing traders to comprehend the setup without any issues. How to Use the KuCoin Futures Calculator? 3. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. 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.". In this section, we will list some examples of the actual fees that customers can enjoy based on their level. This incurs the same base fee of 0.1% as spot trading rates. Multiply the amount of leverage by 100, and apply that to the price of the coin you're going long/short on. 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. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. ago. Liq. To view this, go to the trading screen and click the calculator icon on the top right. Read our KuCoin Review or visit KuCoin. - KuCoin's Own Website. Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. Opening a KuCoin account is very easy. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust. Price 4.226. In this guide, we will concentrate on KuCoin fees. Editorial Note: We earn a commission from partner links on Forbes Advisor. Simply go to the KuCoin website, click the sign-up button and enter your email. KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. Reward amounts will be determined based on the type and relevance of the information provided. Liq. Trading fee token: KuCoin can also use the token youre trading as the fee itself, removing the need for external fee payment. Its like the dealer getting blackjack. Performance information may have changed since the time of publication. If you have any questions, send us an email at [emailprotected]. Entry Price* Only numbers should be used. with 5x leverage, the bot says Est. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. 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. KuCoin doesnt offer unverified accounts the same fraud and hacking protection as verified accounts. As mentioned, KuCoin has some of the lowest trading fees, even among top exchanges. KuCoins rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. 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% Gate.io. Leverage* Only numbers should be used. For starters, users who are based in the U.S. cannot complete standard financial industry Know Your Customer (KYC) disclosures on KuCoin. KuCoin Trading Bot How does Kucoin Futures Grid calculate the estimated liquidation price? 10,000 transactions/sec Environmental sustainability . Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. Traders in levels 1-4 will have an amount limit of 200 BTC. SFI does business as Daniels Trading/Top Third/Futures Online. Trade Futures, Spreads and Options with Confidence. Youre brought to the futures trade screen. Kucoin.com is a Cryptocurrency exchange, started in 2017. KuCoin Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. 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. How does Kucoin Futures Grid calculate the estimated liquidation price? Everything seemed pretty accurate to me. In the U.S., the platform is best-suited to traders who already own crypto and are looking to trade less common cryptos. 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. These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. Founded as the peoples exchange, KuCoin ranks among the worlds top 10 largest crypto exchanges by volume, according to CoinMarketCap.com. 1. 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. Youll be able to enjoy your current level for the next 24 hours. 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. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. Simply go to the KuCoin website, click the sign-up button and enter your email. Information provided on Forbes Advisor is for educational purposes only. 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. Simply click the Fee button on your interface after logging in. Maker: You will incur a Maker Fee if you activated the Post Only option in a limit order. Share/Bookmark KCSCalc.com's Result with this Link: Daily Trading Volume: (Millions of Dollars), Trading Fee (Average) of what COSS Charges Users. All Rights Reserved. Select history (deposit & withdrawal). The regular fee in this level is only 0.07% for the taker fee. All Meme Rights Reserved. The discount can be up to 20%. Login to your KuCoin account. 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". Now you need to set up your repayment method. To trade more efficiently, you need to have a good handle on your chosen platforms fees. 2023 Forbes Media LLC. WARNING: The content on this site should not be considered investment advice. Maker/Taker: Market Takers and Makers will have different fees. Choose the appropriate market type, either Bullish (Going Long) or Bearish (Going Short). We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible.
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kucoin futures calculator