2. KuCoin is one of the few exchanges where U.S. residents might be able to open up a crypto margin account. KuCoins Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. 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 . This press release features multimedia. Price 4.226. Spot Trading Margin Trading Convert Futures Trading KuCoin Earn Crypto Lending Trading Bot Calculator Windvane NFT Marketplace Halo Wallet. When I trade with leverage, I do it with very small amounts (<2%) of my crypto portfolio. Use of this site constitutes acceptance of our Terms of Service. WARNING: The content on this site should not be considered investment advice. https://www.businesswire.com/news/home/20230420005553/en/, Vice preparing to file for bankruptcy: reports. This compensation comes from two main sources. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. Nevertheless, there are costs for cryptocurrency withdrawals, which vary depending on which crypto is withdrawn. 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. 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. On the KuCoin.com Website, click here to view your fee share bonus. Enter a name (Ex: Coinpanda) and the API Passphrase field. 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% Price 4.455. 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). and our These disclosers are meant to reduce crime and money laundering. If you lever up to 100x, the price only needs to drop 1% for you to get wrecked. Spot Trading is the most commonly utilized feature on the platform, and KuCoin does not impose separate fees for takers and makers. Select the leverage and input the Entry Price and ROE. Select history (deposit & withdrawal). 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.". 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. Liq. All Rights Reserved. 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. How to connect KuCoin Futures to Koinly via API On KuCoin Futures Quantity* Only numbers should be used. Basic trading features count as one factor in the overall and beginner rankings. All rights reserved. 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. Liq. So we never know your balance, unlike other websites. As mentioned, KuCoin is not licensed in the U.S. 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. Im a firm believer that information is the key to financial freedom. Done! Traders should consider interest before borrowing money. 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. Calculate and prepare your KuCoin Futures taxes in under 20 minutes. The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. Scroll down- youll see your open positions. 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. For traders looking to purchase crypto using fiat currencies, KuCoin provides various options for doing so, including their Fast Buy function, P2P, and interoperability with Simplex and other similar services. Must be a positive number". Choose position direction: Buy/Long or Sell/Short. KuCoin Futures features changeable financing costs for Futures contracts. Complete Beginners Guide, Best Cryptocurrency Exchanges Top 7 Picks, Must-read Crypto Wallets Guide for Beginners, How to Mint & Sell NFTs? Like most crypto exchanges, you pay a fee to withdraw almost all cryptocurrencies from your KuCoin account. On the top bar of the KuCoin homepage, select the derivatives drop-down and choose Futures Pro. Under the deposit history tab, select export to CSV. Stronger applications get better loan offers. 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. 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. 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). Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners. In order to improve the trading experience of users, KuCoin Futures launched the Calculator. Now follow the steps to calculate your own close price: 2. Click Start calculation to get the result of your expected Close Price. Moreover, a Special VIP for Whales is available if your total assets exceed one million USDT, you will be eligible for the LV5 fee rate (maker 0%) and other benefits. The description is given as "Order size. 11 days later, and they still haven't made this happen. Should you have any further questions, please contact support: Sign up for free. Share/Bookmark KCSCalc.com's Result with this Link: Daily Trading Volume: (Millions of Dollars), Trading Fee (Average) of what COSS Charges Users. For example.. You can even enter custom values to test out future scenarios! Other trading costs are also discounted based on the variables, for example participants in institutional investor programs also get substantial trading fee reductions. As mentioned, KuCoin has a 1-12 leveling system. Takers, meanwhile, reduce liquidity by filling existing maker orders. If this isnt working, try accessing KuCoin through another medium/browser. Some exchanges charge very expensive fees. 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). Performance information may have changed since the time of publication. . The high-liquidity exchange is well-established, with one out of four crypto holders opting for it. 4. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Click & Calculate. KuCoin charges only a flat fee of 0.1% for each spot trade, significantly lower than the industry average. 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. 3. No, you wont owe money. If you lose 50%, 75%, or even 90% of your trade, you can always come back from it. You still might not be able to see your positions on KuCoin futures. 1. On the KuCoin platform, there are variable costs when financing futures contracts. KuCoin is a Singapore-based cryptocurrency exchange that is known for having one of the largest selections of cryptocurrencies and trading pairs. To calculate your taxes accurately, you must import all transactions from KuCoin Futures to Coinpanda. This doesnt mean leverage cant wreck you, though. 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. Youll be able to enjoy your current level for the next 24 hours. with 3x leverage, the bot says Est. Contact the source provider Comtex at editorial@comtex.com. The Futures calculator can calculate the close price based on your expected entry price, ROE, and leverages. You can also use another token as a fee. How To Find The Cheapest Travel Insurance, Best Investment Apps To Manage Your Portfolio, Broad selection of tradable cryptocurrencies, Offers advanced features like margin trading and futures trading, Funds kept on the platform are not insured, Suffered a major hacking incident in 2020. Not financial advice- but remember that leverage is insanity. KuCoin will send you a verification code that you can then input to set up your password. 2. TL;DR- (Mobile) Ive found the easiest way to view this is by downloading the KuCoin app on your iPhone/Android device. Price 4.226. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap, and has been named by Forbes as one of the Best Crypto Exchanges in 2023, the Most Recommended Exchange by Finder's Award 2023, and by The Ascent as the Best Crypto App for enthusiasts. This flat base fee doesnt matter even if the coins gain and lose value. Editorial Note: We earn a commission from partner links on Forbes Advisor. 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. For starters, users who are based in the U.S. cannot complete standard financial industry Know Your Customer (KYC) disclosures on KuCoin. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. Simply click the Fee button on your interface after logging in. Submit the required documentation and provide your best possible application. Price 4.455. . KuCoin is buggy as fuck- and its frustrating when this happens. Click Start calculation to get the result of the Cost, Profits and ROE. As with all crypto exchanges, its important to keep in mind that you are investing in a very volatile new asset class. Gate.io. If youre using KuCoin on Google Chrome, try it with Safari or Brave. 2021 CryptoChronicle.io All rights reserved. How is this possible and how are these liq prices calculated? Leverage* Only numbers should be used. Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. KuCoin currently offers LUKSO (LYXe) cryptocurrency trading as well as over 300 other popular tokens. Liq. Liquidation price is the price the crypto youre trading will have to go to for you to take a 100% loss on your investment. Now you need to set up your repayment method. If you are considering applying for a personal loan, just follow these 3 simple steps. The discount can be up to 20%. It is currently partnered with Singapore-based digital asset custodian Onchain Custodian to store and secure all its crypto assets. You can also sign-up for KuCoin with a phone number. You can also contact MarketWatch Customer Service via our Customer Center. 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. This is because the loan rates for USD/USDT can swing from positive to negative and vice versa. On the KuCoin Futures Pro page, go to Trade ; 2. Some lenders send a promissory note with your loan offer. Entry Price* Only numbers should be used. 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. Liq. 2. 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. How to Use the KuCoin Futures Calculator? ago. KuCoin doesnt offer unverified accounts the same fraud and hacking protection as verified accounts. Also, the platform has its own native token, KuCoin Shares (KCS). If your level is high enough, you may even get a negative fee rate. Outside of the U.S., KuCoin also has similar limitations. KuCoin Futures implements IEPR(Immediately Executable Price Range) rule, in which the price of a buy order cannot be higher than 1.05 * mark price, . 3. The most popular coins include: A full list of KuCoin coin offerings can be found here. Overall, the trading and withdrawal costs at KuCoin Futures are comparable to, if not lower than, the industry averages. 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. Price 4.455. Should I empty my 401(k) to pay off my house? CopyRight 2017 - 2023 KuCoin.com. 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. Is there a problem with this press release? The only downside is I'm out a few hundred for all this crypto tax software along with turbotax on top of it. Class C is filled with cryptos like BURP and HIPUNKS, cryptos with less than $1 million in market cap. Across the top of the Futures Pro homepage, you'll see the trading pairs. Calculate your taxes and generate all required tax reports and forms easily. The platform also implements industry-standard security features such as the KYC process and two-factor authentication. Select the wallet icon in the top right corner. 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. All Meme Rights Reserved. Everything seemed pretty accurate to me. If you have any questions, send us an email at [emailprotected]. Copyright 2023 FINODES LLC. If you specify the end time only, the system will automatically calculate the start time as end time minus 24 hours, and vice versa. Please try again later. KuCoin will send you a verification code that you can then input to set. Leverage Crypto Trading Calculator Futures Calculator Evaluate a position's potential for leveraging. Visit a quote page and your recently viewed tickers will be displayed here. For whatever reason cointracker don't support Kucoin Futures API so I used coinpanda to handle just that portion of it. In the U.S., the platform is best-suited to traders who already own crypto and are looking to trade less common cryptos. The greater your trading fee level, the lower your trading charge; a negative fee rate is even feasible. (Desktop) go to your trading screen on KuCoin futures. Fees for a specific coin might also change regularly depending on network usage. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. . Crypto exchanges are also frequently targeted by hackers. Try downloading the KuCoin mobile app and checking it there if you havent done so. Enter your entry and exit prices. We'd love to hear from you, please enter your comments. 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. Choose your position: Buy/Long or Sell/Short. Calculate your taxes in less than 15 minutes. 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.