Simply buy KuCoin Shares (KCS) and hold them for a day! How to Report Your KuCoin Futures Taxes | Tax Forms - Coinpanda The more people trade on KuCoin.com the more fee's are made. 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. You can also contact MarketWatch Customer Service via our Customer Center. Also, the platform has its own native token, KuCoin Shares (KCS). The major drawback for KuCoins U.S. users is the lack of U.S. licensure. Makers create liquidity on an exchange by providing new open orders to be filled by others. Scroll down and youll see your open positions. Choose your position: Buy/Long or Sell/Short. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Import trades automatically and download all tax forms & documents for KuCoin Futures easily. Almost all of the stolen assets were recovered, and KuCoin compensated for the missing assets through its insurance. Something went wrong. Should I empty my 401(k) to pay off my house? Reward amounts will be determined based on the type and relevance of the information provided. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. So we never know your balance, unlike other websites. However, both NEO and GAS are free to withdraw. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. 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. Heres a summary of how your trading fees are affected, whether youre a market maker or a market taker. 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. Having a solid range of services and products available, KuCoin is also widely known for its competitive fee structure. Save the file as a XLS or XLSX file 4. For more information on the platform and its primary products, read our extensive KuCoin review. KuCoin Calculator: Calculate Your Fees on KuCoin - Blockduo You still might not be able to see your positions on KuCoin futures. Crypto exchanges are also frequently targeted by hackers. This means KuCoin put up an extra $400 for me to buy $500 worth of Bitcoin in total. Established in September of 2017 by Micheal Gan and Eric Don, the exchange is currently surging in popularity because of its excellent features. 2. Very few coins are listed on Class Cand the ones that are listed youve probably never heard of. Soon youll have your loan offer. Learn what others are saying about us on Google, Yelp, and Facebook or visit us at https://www.stilt.com. The greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. Because of this, I wouldnt recommend using the leverage feature when doing your first dozen or so short trades with KuCoin. Select the leverage and input the entry price, close price, and size (amount). 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. 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. This coin pays 50% of all Exchange Trading Fee's as a Bonus reward to the holders of the KCS Coin. Calculate hypothetical profit & loss (PnL), return on equity (ROE), and liquidation price before placing any orders on crypto futures trades. 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". 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. If your level is high enough, you may even get a negative fee rate. Risk TipsSelecting appropriate leverage is the key to manage position risks and reduce force liquidation possibilities. Youre brought to the futures trade screen. Scroll down- youll see your open positions. KuCoins trading fees are very competitive. Click the Calculate button to determine your specific profit or loss in ticks/points and USD$. It is recommended for novices to set the leverage below 5x. Use of this site constitutes acceptance of our Terms of Service. Once your security settings are complete, youre ready to start trading crypto. Cookie Notice KuCoin offers its own coin, KuCoin Token (KCS), an ERC-20 token that runs on the Ethereum network. The withdrawal costs on KuCoin are among the lowest in the cryptocurrency market, and millions of people utilize the exchange for this reason. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to earning a daily bonus reward. Founded as the peoples exchange, KuCoin ranks among the worlds top 10 largest crypto exchanges by volume, according to CoinMarketCap.com. 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. You need to enable JavaScript to run this app.<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-PBTJK8Q" height="0" width="0" style="display:none . Once the sign up is complete, youll have the opportunity to enter your security settings. with 2x leverage, the bot says Est. Price 4.226. You buy $100 worth of Bitcoin at 5x leverage. We'd love to hear from you, please enter your comments. KuCoins rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. To add your KuCoin Futures account to Coinpanda, follow these steps: It is important to be aware that the Realized P&L imported from the API is the total amount of Realized P&L of closed positions *and* funding costs and trading fees within the last 8 hours. 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. Beginning as a fork of the popular Steller network, DigitalBits is a new blockchain offering which describes itself as an, 'easy-to-use open-source blockchain used to power digital assets'. Overall, the trading and withdrawal costs at KuCoin Futures are comparable to, if not lower than, the industry averages. Try downloading the KuCoin mobile app and checking it there if you havent done so. 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. On the KuCoin Futures Pro page, go to Trade ; 2. Liq. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. From the drop down menu, select main account. In general, trading costs on cryptocurrency exchanges are often varied for market makers and market takers. Im a firm believer that information is the key to financial freedom. All Meme Rights Reserved. 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. Enter your entry and exit prices. The exchange also offers several technologically advanced products and services, most notably a trading platform, mobile app, Futures, Margin, Indexes, and Lending Program. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. - KuCoin's Own Website. The higher your level is the lower your trading fees. KuCoin will send you a verification code that you can then input to set up your password. Price 4.226. 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. By way of explanation, the USD/USDT loan rate, which adjusts for comparable financing rates, can be either positive or negative. 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. Leverage* Only numbers should be used. 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. You can now use KuCoin Futures Calculator to calculate potential Profits, Liquidation Price, and Close Price before placing any orders. Liq. 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. There are currently 60 or so pairs from which to choose. KuCoinShares.com is a community created website which features a KuCoin Bonus Calculator to calculate the KCS Bonus you receive from holding KuCoin Shares. In the top middle of your open position data you'll see the liquidation price. Click Start calculation to get the result of the Cost, Profits and ROE. 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. Select the leverages and enter the entry price and contract size. It also features an excellent interface for trading and multiple ways to earn money by futures, margin, and peer-to-peer trading. Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. Sign and return that note if you wish to accept the loan offer. Opening a KuCoin account is very easy. Liq. How is this possible and how are these liq prices calculated? To calculate your taxes accurately, you must import all transactions from KuCoin Futures to Coinpanda. 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. How to Buy LUKSO | Buy LYXE in 4 steps (May 2023) 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. Choose the appropriate market type, either Bullish (Going Long) or Bearish (Going Short). To trade more efficiently, you need to have a good handle on your chosen platforms fees. . Visit a quote page and your recently viewed tickers will be displayed here. Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust. A limit order to buy "CELRUSDTM" with param size = 1 results in an order placed to buy 10 CELR. 2. Click the calculator icon in the upper right corner of the Place Order section. Having the ability to complete KYC verification would open up the full realm of KuCoins offerings to customers based in the U.S. with 5x leverage, the bot says Est. If you get wiped out, youre out of luck! CoinTracking Excel Import By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. You can also sign-up for KuCoin with a phone number. Since withdrawal fees are linked to network fees, you will find that in most instances, KuCoins withdrawal fees mirror those of Binance. The MarketWatch News Department was not involved in the creation of this content. with 3x leverage, the bot says Est. Or, the ultimate crypto calculator with thousands of cryptocurrencies to choose from! kucoin staking calculator crypto futures bitcoin futures ethereum futures cardano futures litecoin futures. Click Start calculation to get the result of your expected Close Price. Everything seemed pretty accurate to me. 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. Youll see the positions menu. AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy, How the debt-ceiling crisis could affect your investment portfolio. The Forbes Advisor editorial team is independent and objective. KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. Deviations in the execution may occur due to the trading fees, funding fees, etc. 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. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. 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. ", "While these Review's may be a joke, the Calculator actually works. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions. The platform offers standard security measures, including identity verification, trading passwords and anti-phishing phrases. Select the crypto you'd like to short/sell or buy/long. 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. If you are considering applying for a personal loan, just follow these 3 simple steps. Price 4.455. The maker fee is waived. With the KCS Pay Fee feature enabled, this fee will further be driven down to 0.056%. KuCoin is a trader-friendly exchange that features accessible trading fees and an extensive list of available cryptocurrencies. These include identity verification for logging in or transactions, a trading password and anti-phishing safety phrases. In 2020, KuCoin suffered a major hack, with more than $280 million in assets stolen. "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. 4. Some exchanges charge very expensive fees. ago. Ive found a few fixes that work (but now always): Note: using leverage in crypto is the definition of insanity. Youll be able to enjoy your current level for the next 24 hours. Are you sure you want to rest your choices? 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! Follow the three steps below to enter the futures calculator page. 6. zionmatrixx 7 mo. The Maker and Taker base transaction fees for margin trading pairs are also 0.1 %, same with spot trading; however, when it comes to calculating interest and fees, traders must incorporate interest while returning the borrowed money. KuCoin is continuously expanding its services and offerings to meet the needs of its customers. Here you can enter your leverage, long or short (buy/sell), and price- KuCoin will show you what your prospective liquidation price is. In the futures account box, click the trade icon. 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. 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. Below is a summary of the KuCoin setup: Trading fee token: KuCoin deducts the token, for example, when using USDT/KCS as the trading fee token for BTC/USDT and LTC/KCS. Scroll down and you'll see your open positions. 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. 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. KCS Coins are currently available on at Kucoin, KuCoin.com If your application meets the eligibility criteria, the lender will contact you with regard to your application. How is this possible and how is this calculated? 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. 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. Beginners Guide, How to Stake Cryptocurrency? It uses a level-based pay structure, where those in the higher tiers gain lower trading fees when they buy and sell coins. 2. 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. 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. KuCoin Shares - KCS Bonus Calculator | Kucoin Staking Rewards KuCoin charges rock-bottom fees and supports trading in a huge range of cryptocurrencies. Keep that in mind before doing margin trading. Copyright 2023 FINODES LLC. with 2x leverage, the bot says Est. A year later, and they still haven't made this happen. However, keep in mind that the final amount of your trades can be affected because KuCoin can take the amount directly from your traded tokens. 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. 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. 3. 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). For example, if I create a long futures grid with price range 20 - 40 USDT, with 100 orders, and investment 200.00 USDT. The Complete KuCoin Tax Reporting Guide | Koinly KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. Nevertheless, these are still relatively low compared to industry averages. Quantity* Only numbers should be used. The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. KuCoin Calculator: Calculate Your Fees on KuCoin KuCoin Calculator Use the free KuCoin calculator to work out your fees on the KuCoin cryptocurrency exchange. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. 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.". KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. Deposit $100 and get a $10 bonus! However, with KCS Pay Fee enabled, these fees will be lowered to 0.08% of the transaction because of the 20% discount. 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. 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). On the mobile app, click the futures (100x) button on the bottom right. To determine crypto exchange rankings, we assessed the features and options offered by nearly 25 exchanges, trading apps and brokerage platforms that offer crypto trading options. This includes accounts with 40,000 KCS holdings or a 30-day average trading volume equivalent to 4,000 BTC. How does Kucoin Futures Grid calculate the estimated - Reddit 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. Privacy Policy. 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. Pick a time frame (maximum 100 days). This flat base fee doesnt matter even if the coins gain and lose value. All Rights Reserved. This incurs the same base fee of 0.1% as spot trading rates. If you still cant see your futures positions. 2021 CryptoChronicle.io All rights reserved. Not financial advice- but remember that leverage is insanity. Theres $128,000 on the mortgage. You can even enter custom values to test out future scenarios! VICTORIA, Seychelles, (BUSINESS WIRE) -- SFI does business as Daniels Trading/Top Third/Futures Online. Takers, meanwhile, reduce liquidity by filling existing maker orders. 3. Under the deposit history tab, select export to CSV. To find out more, visit https://www.kucoin.com, View source version on businesswire.com: https://www.businesswire.com/news/home/20230420005553/en/, For media inquiries, please contact: media@Kucoin.com, COMTEX_429763160/2456/2023-04-20T07:36:15. Fees Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. with 5x leverage, the bot says Est. Apply online for the loan amount you need. In this article, we will talk about trading on KuCoin and the costs that you will incur. From there, look right and you'll see two icons, one that looks like a calculator, and the one that has a hexagon shape. This compensation comes from two main sources. StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. Please try again later. Choose position direction: Buy/Long or Sell/Short. 1. Improved security as there is no third-party involvement. Big Traders pay less fees, so we use 0.09% as the average. 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% KuCoin offers some of the lowest rates among major cryptocurrency exchanges, whereas the fee structure is open, straightforward, and simple to comprehend. 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. I agree to receive the Forbes Advisor newsletter via e-mail. Multiply the amount of leverage by 100, and apply that to the price of the coin you're going long/short on. Traders in levels 1-4 will have an amount limit of 200 BTC. 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.
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