Copyright 2023 FINODES LLC. 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. 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). KuCoin partnered with Singapore-based crypto asset security platform, Onchain Custodian, which maintains custody of KuCoins crypto assets. Sign and return that note if you wish to accept the loan offer. How is this possible and how are these liq prices calculated? KuCoin Fees Now follow the steps to calculate your own profit: 1. 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. Stay on the righteous path and think long and hard before making any financial transaction! You can also sign-up for KuCoin with a phone number. Liq. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. Improved security as there is no third-party involvement. The Futures calculator can calculate the close price based on your expected entry price, ROE, and leverages. (Desktop) go to your trading screen on KuCoin futures. Editorial Note: We earn a commission from partner links on Forbes Advisor. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. In this section, we will list some examples of the actual fees that customers can enjoy based on their level. Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, etc. Theres $128,000 on the mortgage. The Forbes Advisor editorial team is independent and objective. Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. . SFI does business as Daniels Trading/Top Third/Futures Online. Fees for a specific coin might also change regularly depending on network usage. 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. KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. Price 4.226. Select your preferred contract type (USDT-Margined or COIN-Margined); 3. Is there a problem with this press release? Your level will be displayed on the page. Quantity* Only numbers should be used. Should you have any further questions, please contact support: Sign up for free. To view this, go to the trading screen and click the calculator icon on the top right. At this level, accounts have a daily withdrawal limit of 3,000 BTC. This exchange currently accepts USA residents. The level of maker/taker fees vary based on the trading level and the class of the coin being traded on KuCoin. 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. On the KuCoin platform, there are variable costs when financing futures contracts. Liq. 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. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. Simply buy KuCoin Shares (KCS) and hold them for a day! The 2023 Hurun Global Unicorn List features the world's most successful private start-ups founded in the 2000s worth at least $1 billion. As mentioned, KuCoin has some of the lowest trading fees, even among top exchanges. 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. By holding the KCS Token, you do not only receive a nice passive crypto income but you can also benefit from the growth of the platform. Click Start calculation to get the result of your expected Close Price. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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! When you land on the asset overview screen, navigate to your futures account on the bottom left. If you are considering applying for a personal loan, just follow these 3 simple steps. Select the desired futures market by clicking the drop-down menu. KuCoin Trading Bot How does Kucoin Futures Grid calculate the estimated liquidation price? AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy, How the debt-ceiling crisis could affect your investment portfolio. hbspt.cta.load(2022783, 'f8d4d9fa-b85b-4b97-a35e-a32d3a5aeded', {"region":"na1"}); STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. Soon youll have your loan offer. On the KuCoin.com Website, click here to view your fee share bonus. Privacy Policy. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? This might seem complicated, but KuCoins fee structure is pretty reliable and transparent, so customers can easily understand how much their fee will be in every transaction. "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. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. When you place a long trade, KuCoin will show you the approximate price the coin has to dip to for you to be liquidated. Your level changes every day depending on your 30-day average trading volume and KCS holdings. For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. The major drawback for KuCoins U.S. users is the lack of U.S. licensure. The exchange even utilizes a couple of innovative security solutions to enhance their security further, such as trading passwords and the KuCoin Safeguard Program. If you still cant see your futures positions. Everything seemed pretty accurate to me. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. 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. 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. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. Exchange Calcs 2017. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. Opening a KuCoin account is very easy. 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. Now follow the steps to calculate your own close price: 2. Price 17.9. You might be using an unsupported or outdated browser. In this article, we will talk about trading on KuCoin and the costs that you will incur. Done! If your level is high enough, you may even get a negative fee rate. 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. Like most crypto exchanges, you pay a fee to withdraw almost all cryptocurrencies from your KuCoin account. It is recommended for novices to set the leverage below 5x. The platform offers standard security measures, including identity verification, trading passwords and anti-phishing phrases. 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. Very few coins are listed on Class Cand the ones that are listed youve probably never heard of. KuCoin is continuously expanding its services and offerings to meet the needs of its customers. Price 17.9. 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. VICTORIA, Seychelles, (BUSINESS WIRE) -- Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Use our Futures Calculator to quickly establish your potential profit or loss on a futures trade. Price 4.226. 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. 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. KuCoin offers some of the lowest rates among major cryptocurrency exchanges, whereas the fee structure is open, straightforward, and simple to comprehend. 10,000 transactions/sec Environmental sustainability . . This means KuCoin put up an extra $400 for me to buy $500 worth of Bitcoin in total. 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.". Cryptos on the exchanges are sorted into the following categories: Class A, Class B and Class C. Most popular cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), are in Class A. 2023 Forbes Media LLC. Apply online for the loan amount you need. . Interest rates and term lengths vary by coin. The editorial team then developed a standardized methodology, analyzing 10 key benchmark features and variables to assess quality across the platforms. Gate.io. It is currently partnered with Singapore-based digital asset custodian Onchain Custodian to store and secure all its crypto assets. 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. Liq. Leverage* Only numbers should be used. 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. Since withdrawal fees are linked to network fees, you will find that in most instances, KuCoins withdrawal fees mirror those of Binance. KuCoins trading fees are very competitive. The loan rate gap between the base currency and the quote currency of the perpetual Futures funding rate will change from 0.03% to 0% due to this modification, which implies the funding cost of the KuCoin perpetual Futures will become 0% during normal times. (Desktop) go to your trading screen on KuCoin futures. This does not give us access to your private keys or the ability to move your funds. 1. Traders should consider interest before borrowing money. with 3x leverage, the bot says Est. If this isnt working, try accessing KuCoin through another medium/browser. 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. Hope you like it! How does Kucoin Futures Grid calculate the estimated liquidation price? KuCoin also allows users to lend their crypto holdings to other would-be margin traders. KuCoin Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. KuCoin has chosen a fee structure based on levels. Youll be able to enjoy your current level for the next 24 hours. There are currently 60 or so pairs from which to choose. Submit the required documentation and provide your best possible application. 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. 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. You might think that only the highest-level traders might avail of the low fees that KuCoin is boasting about. This recognition is not only a milestone for KuCoin but also an affirmation of our vision that everyone will one day be with crypto. 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. 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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