Investors receive discounts based on their average monthly holdings of the platforms native token, KCS, or their previous months trading volume. Youll see the positions menu. 3. Traders should consider interest before borrowing money. 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 $33,500. You might be using an unsupported or outdated browser. Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions. with 5x leverage, the bot says Est. Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. In this article, we will talk about trading on KuCoin and the costs that you will incur. Understanding KuCoin Fees: Final Thoughts, How to Transfer From Coinbase to Coinbase Pro. 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. 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. 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. Sign and return that note if you wish to accept the loan offer. 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. KuCoin turns around and buys you an extra $400 worth of bitcoin. Your financial situation is unique and the products and services we review may not be right for your circumstances. This involves taking on significant risk, no matter what trading platform you choose. 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. They can slash fees even further if they pay with KCS. In KuCoin, different roles incur different trading fees. In the futures account box, click the trade icon. 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. This is because the loan rates for USD/USDT can swing from positive to negative and vice versa. For more information, please see our If your application meets the eligibility criteria, the lender will contact you with regard to your application. A limit order to buy "CELRUSDTM" with param size = 1 results in an order placed to buy 10 CELR. Performance information may have changed since the time of publication. 3. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. 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. 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. On the KuCoin Futures Pro page, go to Trade ; 2. Also, the platform has its own native token, KuCoin Shares (KCS). Scroll down and youll see your open positions. 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. KuCoin is an affordable and accessible cryptocurrency exchange that anyone can use to trade. How is this possible and how are these liq prices calculated? These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. You still might not be able to see your positions on KuCoin futures. Coinpanda has direct integration with KuCoin Futures to simplify tracking your trades and tax reporting. When investing your capital is at risk. Upload this file here to start your import Were already talking about an asset class here thats 12-15 times more volatile than stocks- which are themselves considered too volatile by many. 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. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. Or, the ultimate crypto calculator with thousands of cryptocurrencies to choose from! When you land on the asset overview screen, navigate to your futures account on the bottom left. Stronger applications get better loan offers. As mentioned, KuCoin is not licensed in the U.S. Import trades automatically and download all tax forms & documents for KuCoin Futures easily. If the price of Bitcoin drops 20%, youre wiped out and your holdings go to zero. KuCoin is continuously expanding its services and offerings to meet the needs of its customers. The Passphrase will not be shown again, so remember to write it down. Commissions do not affect our editors' opinions or evaluations. Under the deposit history tab, select export to CSV. 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. 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.". Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. The Forbes Advisor editorial team is independent and objective. ago. Price 4.226. 2021 CryptoChronicle.io All rights reserved. On the mobile app, click the futures (100x) button on the bottom right. Simplex generally charges a 3.5% fee, whereas Baxa charges in the range of 4% to 6%. Login to your KuCoin account. It is often the first to offer buying opportunities for new tokens. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. 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. 2. KuCoin will send you a verification code that you can then input to set up your password. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. You can also use another token as a fee. 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% In general, trading costs on cryptocurrency exchanges are often varied for market makers and market takers. Whether working with stablecoins, non-fungible tokens, or 'branded currencies', DigitalBits claims to bring the following perks to the table. Price 4.455. . No, KuCoin does not provide an EOFY . 2023 Forbes Media LLC. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Not financial advice- but those who stay alive in the crypto leverage game are extremely prudent with their leverage (2x-3x). Leverage Crypto Trading Calculator Futures Calculator Evaluate a position's potential for leveraging. How does Kucoin Futures Grid calculate the estimated liquidation price? By way of explanation, the USD/USDT loan rate, which adjusts for comparable financing rates, can be either positive or negative. All Rights Reserved. Select the leverage and input the entry price, close price, and size (amount). At this level, accounts have a daily withdrawal limit of 3,000 BTC. Opening a KuCoin account is very easy. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. All Meme Rights Reserved. Aside from that, KuCoin cares greatly about the security of its users. Save the file as a XLS or XLSX file 4. 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. The report studied unicorn companies in 48 countries and 271 cities worldwide, revealing 508 new names. . On the mobile app, click the futures(100x) button on the bottom right. Now you need to set up your repayment method. Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. 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. 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. 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. StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. The exchange also offers several technologically advanced products and services, most notably a trading platform, mobile app, Futures, Margin, Indexes, and Lending Program. This can quickly drain your earnings, especially if youre just a beginner trader. 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. The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. 2. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. This is what the liquidation price is- KuCoin will take your invested money before the price of the crypto goes low or high enough for you to owe anything. How does Kucoin Futures Grid calculate the estimated liquidation price? 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. Find the next crypto gem on www.kucoin.com, People's Exchange. If you still cant see your futures positions. Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. On the KuCoin platform, there are variable costs when financing futures contracts. KCS Coins are currently available on at Kucoin, KuCoin.com and our Click Start calculation to get the result of the Liquidation Price. 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. Moreover, the Kucoin trading price is straightforward and transparent, making it easy for customers to understand. KuCoins trading fees are very competitive. Cookie Notice Calculate and prepare your KuCoin Futures taxes in under 20 minutes. This exchange currently accepts USA residents. On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro.