KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. Are you sure you want to rest your choices? If you Donate with a Message, it might be posted here!". Click the liquidation price text at the top of the calculator. 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. Coinpanda supports the following transaction types from KuCoin Futures today: We are only requestingview permissions. This means KuCoin put up an extra $400 for me to buy $500 worth of Bitcoin in total. Established in 2013, Gate.io has grown in to a reputable trading platform . 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. All Rights Reserved. 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. This press release features multimedia. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. On the KuCoin platform, there are variable costs when financing futures contracts. 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. U.S. usersbeing unable to complete KYC verificationarent offered the same protections as international users. This level includes all accounts without any KCS or a 30-day average trading volume less than the equivalent of 50 BTC. The higher your level is the lower your trading fees. 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. This does not give us access to your private keys or the ability to move your funds. with 3x leverage, the bot says Est. 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.". Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. Select the leverages and enter the entry price and contract size. 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. 1. 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. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. . Editorial Note: We earn a commission from partner links on Forbes Advisor. (US Only). It would also make the platform more secure and easier to access for U.S. users. Thus, by increasing your trading volume over 30 days users can reduce the amount of the fee. The Forbes Advisor editorial team is independent and objective. When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Taker: Being a Taker in specific kinds of orders (market, hidden, or iceberg) will incur a taker fee. In addition, those assets are backed by Lockton, a private insurance brokerage. Outside of the U.S., KuCoin also has similar limitations. CopyRight 2017 - 2023 KuCoin.com. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. If you still cant see your futures positions. KuCoin $500 Bonus + Fee Discount (Referral Code QBSSS9X9)https://www.kucoin.com/r/af/QBSSS9X9 KuCoin Spot Trading Tutorial for Beginnershttps://youtu.be. Scroll down- you'll see your open positions. KuCoin charges only a flat fee of 0.1% for each spot trade, significantly lower than the industry average. You can see how to connect KuCoin futures with crypto tax software here. KuCoin is continuously expanding its services and offerings to meet the needs of its customers. You buy $100 worth of Bitcoin at 5x leverage. You might think that only the highest-level traders might avail of the low fees that KuCoin is boasting about. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. The Seychelles-based crypto exchange launched with an initial coin offering in 2017. 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. 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. ", "While these Review's may be a joke, the Calculator actually works. Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners. Calculate hypothetical profit & loss (PnL), return on equity (ROE), and liquidation price before placing any orders on crypto futures trades. KCC, the public chain built by KuCoin's community members, will also be a significant infrastructure where resources will be allocated to create a decentralized ecosystem. Click & Calculate. If this isnt working, try accessing KuCoin through another medium/browser. with 5x leverage, the bot says Est. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. KuCoin will send you a verification code that you can then input to set up your password. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. In the futures account box, click the trade icon. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. The more people trade on KuCoin.com the more fee's are made. Gate.io. 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. 1. KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. For the pictures youre seeing in this article, I placed a 5x long trade on Bitcoin here with $100. On the mobile app, click the futures (100x) button on the bottom right. 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. Save the file as a XLS or XLSX file 4. Now follow the steps to calculate your own profit: 1. Select history (deposit & withdrawal). When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. Price 4.455. They can slash fees even further if they pay with KCS. . 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. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. 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. Simply go to the KuCoin website, click the sign-up button and enter your email. Reward amounts will be determined based on the type and relevance of the information provided. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. A year later, and they still haven't made this happen. On the KuCoin Futures Pro page, go to Trade ; 2. You can now use KuCoin Futures Calculator to calculate potential Profits, Liquidation Price, and Close Price before placing any orders. Your level changes every day depending on your 30-day average trading volume and KCS holdings. Choose your position: Buy/Long or Sell/Short. It is recommended for novices to set the leverage below 5x. Once your security settings are complete, youre ready to start trading crypto. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. Trade Size (USD) Total Fee (USD) What is KuCoin? and our "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. Your financial situation is unique and the products and services we review may not be right for your circumstances. Customers with levels ranging from 0 to 4 have a daily withdrawal limit of 200 BTC, while level 12 customers have a daily withdrawal limit of 3,000 BTC. Choose your position: Buy/Long or Sell/Short. 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. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. 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% 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. Multiply the amount of leverage by 100, and apply that to the price of the coin you're going long/short on. 1. Sign and return that note if you wish to accept the loan offer. Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. (Each market price format is unique, so please refer to the Price Format Example provided in the information section to ensure the correct calculation). When investing your capital is at risk. 2021 CryptoChronicle.io All rights reserved. Does KuCoin provide an end of year statement? On the KuCoin Futures Pro page, go to . There are set requirements for every level, and you need to meet them at 00:00 AM (UTC+8) to qualify for a level. Click Start calculation to get the result of your expected Close Price. Ive found a few fixes that work (but now always): Note: using leverage in crypto is the definition of insanity. Upload this file here to start your import After signing in, you may check your trading fee level and current fee by clicking the Fee button on KuCoins official website. Rewards will be provided to users who inform us of the above. Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. Should you have any further questions, please contact support: Sign up for free. Your personal information will be kept confidential. Please see our. The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. KuCoin offers some of the lowest rates among major cryptocurrency exchanges, whereas the fee structure is open, straightforward, and simple to comprehend. Deposit $100 and get a $10 bonus! 2. However, both NEO and GAS are free to withdraw. Use of this site constitutes acceptance of our Terms of Service. Understanding KuCoin Fees: Final Thoughts, How to Transfer From Coinbase to Coinbase Pro. Its like the dealer getting blackjack. 3. Log in to KuCoin. Leverage* Only numbers should be used. - KuCoin's Own Website. To trade more efficiently, you need to have a good handle on your chosen platforms fees. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. Scan this QR code to download the app now. Calculate your taxes and generate all required tax reports and forms easily. Thanks & Welcome to the Forbes Advisor Community! . Now follow the steps to calculate your own close price: 2. KuCoin partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of KuCoins crypto assets. KuCoin also allows users to lend their crypto holdings to other would-be margin traders. All Meme Rights Reserved. Liq. Click Start calculation to get the result of the Cost, Profits and ROE. 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. Apply online for the loan amount you need. Stilt is committed to helping immigrants build a better financial future. When you land on the asset overview screen, navigate to your futures account on the bottom left. Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust. Once the sign up is complete, youll have the opportunity to enter your security settings. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. Cookie Notice 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. (Desktop) go to your trading screen on KuCoin futures. ago. On the KuCoin.com Website, click here to view your fee share bonus. 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. To calculate your taxes accurately, you must import all transactions from KuCoin Futures to Coinpanda. Stay on the righteous path and think long and hard before making any financial transaction! It also features an excellent interface for trading and multiple ways to earn money by futures, margin, and peer-to-peer trading. With the KCS Pay Fee feature enabled, this fee will further be driven down to 0.056%. To view this, go to the trading screen and click the calculator icon on the top right. Theres also a futures/liquidation calculator on the KuCoin futures trading screen. 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. It supports users to calculate Potential Profits, Liquidation Price, and Close Price before placing any orders, so as to better help users to make a wise investment strategy. 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. Hope you like it! 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. If you have any questions, send us an email at [emailprotected]. You still might not be able to see your positions on KuCoin futures. Also, the platform has its own native token, KuCoin Shares (KCS). If your application meets the eligibility criteria, the lender will contact you with regard to your application. 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. We do all the Calculations in the web browser! The following are some advantages of utilizing SEPA transfers: KuCoin offers users exclusive fee rates for Futures trading and 0% or low interests on Margin loans through its VIP Privilege. Maker: You will incur a Maker Fee if you activated the Post Only option in a limit order. This exchange currently accepts USA residents. 10,000 transactions/sec Environmental sustainability . Service. ago. Done! This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. Pick a time frame (maximum 100 days). The maker fee is waived. Theres a 24-hour withdrawal limit, with amount limits also varying depending on the level. 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. Its fucking nuts. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. Something went wrong. 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. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). 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. Theres $128,000 on the mortgage. Liq. Alternatively, another way to scale down fee charges is to keep KCS tokens for at least 30 days. How to Invest in Crypto? Liq. 3. 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. Underneath liquidation price, youll see the price at which your trades will go Lehman Brothers on you (go to zero). And, this exchange is steadily growing with a large selection of coins like the competitor Cryptopia Shares. This doesnt mean leverage cant wreck you, though. Every 8 hours, the Futures funding occurs at 04:00, 12:00, and 20:00 UTC. Opening a KuCoin account is very easy. These disclosers are meant to reduce crime and money laundering. 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. You can also use another token as a fee. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. The Passphrase will not be shown again, so remember to write it down. For example.. Liq. In order to improve the trading experience of users, KuCoin Futures launched the Calculator. 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. WARNING: The content on this site should not be considered investment advice. This website is free for you to use but we may receive commission from the companies we feature on this site. BTW I was using APE/USDT for this example. All ratings are determined solely by our editorial team. 2023 Forbes Media LLC. For more information on the platform and its primary products, read our extensive KuCoin review. If you want to trade cryptocurrencies, one of the first things that you must be aware of is the fees. In KuCoin, different roles incur different trading fees. TL;DR- (Mobile) Ive found the easiest way to view this is by downloading the KuCoin app on your iPhone/Android device. Select the leverage and input the Entry Price and ROE. Login to your KuCoin account. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. Import trades automatically and download all tax forms & documents for KuCoin Futures easily. Under the deposit history tab, select export to CSV. SXMs products are designed only for individuals or firms who qualify under CFTC rules as an Eligible Contract Participant (ECP) and who have been accepted as customers of SXM. Liq. The Futures calculator can calculate the close price based on your expected entry price, ROE, and leverages. 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. Price 4.226. Contact the source provider Comtex at editorial@comtex.com. StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. kucoin staking calculator crypto futures bitcoin futures ethereum futures cardano futures litecoin futures. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. Click the calculator icon in the upper right corner of the Place Order section. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. Price 4.455. Is there a problem with this press release? KuCoin Shares - KCS Coin Bonus Calculator. 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. How does Kucoin Futures Grid calculate the estimated liquidation price? Youll see the positions menu. 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. Read our KuCoin Review or visit KuCoin. with 5x leverage, the bot says Est. KuCoins fee system will be further explained in the section below. 3. Although touted as one of the most affordable exchanges in the market, KuCoin does still have fees. Liq. Not financial advice- but those who stay alive in the crypto leverage game are extremely prudent with their leverage (2x-3x). The MarketWatch News Department was not involved in the creation of this content. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. Calculate your taxes in less than 15 minutes. with 2x leverage, the bot says Est. Im 46 and a single mother. Some exchanges charge very expensive fees. View the full release here: https://www.businesswire.com/news/home/20230420005553/en/, The Global Unicorn List 2023, released by the Hurun Research Institute, shows that the number of unicorns has surged from 494 pre-Covid to 1,361 today, and the total value has risen from US$1.7 trillion to US$4.3 trillion. KuCoin Trading Bot How does Kucoin Futures Grid calculate the estimated liquidation price? ", "Kucoin Share Calculator's (KCSCalc.com) owner can do over 100 Push Ups, so he must make a good website! 1. You can take a look at the full list of fees when futures trading in KuCoin for more details. 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. KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. 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. Very few coins are listed on Class Cand the ones that are listed youve probably never heard of. 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). To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Performance information may have changed since the time of publication. 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 greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. Liq. Once you have this information, you can use a crypto staking calculator. 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. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Simply buy KuCoin Shares (KCS) and hold them for a day! Investing is speculative. As mentioned, KuCoin is not licensed in the U.S. 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. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. 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. 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. 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. As with all crypto exchanges, its important to keep in mind that you are investing in a very volatile new asset class. With KCS Pay Fee enabled, the taker fee is further driven down to the platforms lowest at 0.02%. Aside from that, KuCoin cares greatly about the security of its users. I agree to receive the Forbes Advisor newsletter via e-mail. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The major drawback for KuCoins U.S. users is the lack of U.S. licensure. This should cover your entire transaction history on KuCoin, so you may need multiple CSV files. 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). Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. Must be a positive number". 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 Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. If youre using KuCoin on Google Chrome, try it with Safari or Brave. Nevertheless, these are still relatively low compared to industry averages. These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. The costs of these transactions will vary depending on the form of payment used, but they should rarely exceed 7%. For example, KuCoin can use the USDT/KCS token as a fee when youre trading the BTC/USDT token. Please try again later. 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! KuCoin has chosen a fee structure based on levels. Founded as the peoples exchange, KuCoin ranks among the worlds top 10 largest crypto exchanges by volume, according to CoinMarketCap.com. Trading fee token: KuCoin can also use the token youre trading as the fee itself, removing the need for external fee payment. 11 days later, and they still haven't made this happen. https://www.businesswire.com/news/home/20230420005553/en/, Vice preparing to file for bankruptcy: reports. KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. 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. Exchange Calcs 2017. You can check your trading fee level when you log in to your KuCoin account.
