Kucoin leverage trading reddit. Professionals rarely use more than 30x. I expected to gain 5% on the total 1000 USDT, which would be 50 USDT. New comments cannot be posted and votes cannot be cast. users that don’t have $10M in networth and no other exchange even offers leverage trading to U. Grid bot averaging in when the price goes down and averaging out This can be done through various trading options, which will be mentioned in the next section. Trading passwords cannot be disabled totally and can only be changed, and once you enter the password it is valid for 2 hrs. It's basically margin but with less friction (steps to take before being able to trade). If you're losing 6/10 trades it is likely you will run out of funds sooner with leverage. In theory I should've lost 0. Due to legal and On December 19, 2019, KuCoin ’s Futures Platform KuMEX announced that it increased its max leverage from 20x to 100x for the Bitcoin Perpetual Contract. The more leverage you take, the smaller your gap for liquidation is. Just set your leverage and begin trading, really convenient. And I think out of all the exchanges that don’t require KYC, KuCoin is probably the best. Let me explain with two scenarios: Scenario 1: I went long with 0. I've been in a leverage long for a bit of time and did a bit of trading here and there and noticed I lost a massive chunk of my assets after I bought and sold a trade. Basically as a Canadian, if you want to trade with leverage, you’re now limited to exchanges that don’t require KYC (if they require KYC, you’re VPN won’t help you since they’ll know your Canadian based on the ID you provided). Recently, I was trading on margin on KuCoin and had a position Placing that leveraged trade on an exchange like kucoin increases counter-party risk by a non-insignificant number. I've been experimenting with leverage trading on both ByBit and KuCoin, and I came across an interesting observation that I'd like some insights on. They all work the same except for collateral. A trading password is a 6-digit number you set and it is used for withdrawal, API verification, and trading. KuCoin's trading bot options include Dollar-Cost Averaging (DCA), the Spot Grid, and more, giving you a diverse range of Here's my question - if you are from the US *and* you complete KYC, does KuCoin disable the ability to have ANY leverage on coins? Right now I am able to do 5X leverage, the site says to complete KYC for higher leverage. opening a position with 50 USDT principal and 100x leverage can reach a trading volume of 5,000 USDT); 4. No borrowing funds and repaying. KuCoin Futures Trading I have been doing some research and am trying to understand how the leverage works in terms of liquidation and losing your funds. Traders also amplify their investment returns with leverage by simply buying and selling leveraged tokens (it’s KuCoin Learn. The most straightforward method is to lower your leverage, if you trade with 3x leverage (borrow 200 USDT with 100 USDT principal), your initial Debt Ratio will be about 67%, meaning that Posting here in hopes no one else loses money off Kucoin’s questionably legal/likely predatory margin lending platform. : BTC3L stands for 3x leverage long for BTC, while Leveraged tokens are a financial product that provides traders with leveraged exposure to an underlying digital asset without the need for collateral and liquidation risks. Has anyone tried? It all depends on you, but for me I buy more coins on spot without KYC and send them to my personal wallet using Kucoin, but for my long term leverage positions, I use Takepile DEX without KYC, so it's up to you, if you should trade on Kucoin, make sure you move them to your personal wallet. Also, the fees from Pre-Market trading are distinct from KuCoin's spot trading fees. 02) with 1x leverage. The best way is to take your time to train yourself using very low amounts. Nexo is the world’s leading regulated digital assets institution. Going forward, all KuMEX users Get the Reddit app Scan this QR code to download the app now. Everyone here has been burned, and therefore act like leverage is the devil. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. For a 100x leverage, even only $100 is Trading at 100x leverage is insane. So most likely at that much leverage you’d lose all capital quickly just due to the market. This guide will help you c I own a crypto trading firm and make $100s of thousands a month using leverage. Futures trading fees are based on the total value of your position not on the initial margin you used to open the trade. It is mainly used for hedging, in addition, the trading fee Discover the key differences and similarities between crypto options and futures trading, including risk profiles, leverage, and arbitrage opportunities. I don’t need people telling me the usual “don’t day trade, majority don’t make money, leverage is gambling” bla bla bla. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Do you even know the process of getting listed on a CEX or DEX? A coin is not going to be exclusively available on a CEX 99% of the time. Bitmex, FTX, Cryptodotcom, Binance are places I was using KuCoin. New and 3. 25% against you to get liquidated. There are several talks where traders will discuss that they’ve lost x amount of money over 100 trades and then make 1 good one and recoup the whole investment and then much, much more. I think I'd still be able to small leverage Futures. The best advise is, really learn how it works and think about what your goals are. Archived post. With products like zero-fee conversion, spot trading, margin trading, and futures Dear KuCoin Users, To enrich the variety of assets available, KuCoin’s Isolated Margin Trading platform has added the Swell (SWELL) asset and trading pair. Liquidation is 1 dollar (roughly). I'm trying out futures trading for the first time on Kucoin. You need to research using proper risk management and using good entry points and having an exit strategy with a stop loss in place 100% of the time. The fact of the matter is, margin trading and futures trading is EVEN HIGHER RISK than trading regular crypto assets on a spot basis, which is already an extremely high risk investment in the scheme of assets you can sink your cash into. These bots help you buy and sell cryptocurrencies, and execute trades automatically based on preset strategies and market analysis. 1% per trade, but after doing the math, I found I lost 0. Don’t even try to do kyc or your account will get locked. Every institutional trader on earth uses leverage. What’s the best place on Avalanche for leveraged trading? I’m feeling a little risky. Leverage adds a fair deal onto that. with 2x leverage, Welcome to FXGears. And when it came to customer support Kucoin was the king. That said, if I look up the definition of futures trading it reads "A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future. There’s a reason why they incentivize it so heavily. It's not a healthy way to live or trade. You never missed This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. At 10x leverage a 10% drawdown wipes out all of your equity. E. Futures trading has a lot better UI, PNL is included. Discover futures trading on KuCoin with access to over 300 futures contracts. Problem is that margin trading is an issue for U. When a sell order is fully executed, the bot instantly places another purchase order at a lower grid level, and vice versa. Internet Culture (Viral) Amazing; Animals & Pets; Cringe & Facepalm Leverage trading . We have those all the time in BTC. But they have an ADA network for withdrawals so I like that. For example, you only have $1,000 available while you want to open a $10,000 position. Instead of finding another $9,000 to achieve this in spot trading, you can simply use a 10x leverage in leverage trading. I set a Take Profit (TP) at 5%. Unfortunately it’s only a matter of time before KuCoin does the same. This price and multiplier averages together. IE: I long BTC with 10x leverage and the price drops 20%, where do I stand. I can't seem to figure out how I can tell if the funds in my account will be lost. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Trading and investing requires some learning and discipline. 037 BTC (valued at $995. I second this. KuCoin offers both margin trading and perpetuals. While KuCoin does not have a native copy trading feature, we offer automatic trading through crypto trading bots. At the same time, Coinbase allowed free deposits through ACH. Traders also amplify their investment returns with leverage by Kucoin determines your margin rate based on the value of the coin at buy in, which was about $3,175. DCA buys the same amount of coins every day or week. Trading at 100x leverage is insane. Different brokers give different levels of leverage for bitcoin trading. Log into KuCoin Futures, go to “Trade” and select the contract you want to trade. Hello, I was testing futures trading and have a question about leverage and profit calculations (see the screenshot). The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier View community ranking In the Top 1% of largest communities on Reddit. When you leverage trade it shows the multiplier and a relative liquidation price. I am just 20 years old and have passive income to play around with while in school. Grid bot averaging in when the price goes down and averaging out If I use a market order to open the trade I pay a $0. Meaning the higher the leverage is the higher will be the fees also. I'm a bit puzzled by the initial margin calculations when using high leverage. and investment 200. FWIW the funding rate is currently close to zero, but of course it could fluctuate over the timespan I'm talking about. To evade losses through leverage you need to give unwarranted attention to both leverage and assets volatility. Futures Trading. Get the Reddit app Scan this QR code to download the app now. 00 USDT. Despite lots of looking I cannot figure out which is the better way to hold this trade. I went ahead and traded everything into XLM and transferred it my Coinbase account. Fees: Like most trading platforms KuCoin operates with a maker/taker fee model (if your trade matches the current market you get charged a taker fee, if your trade sits there it adds liquidity and you get charged a maker fee) and they Go to kucoin r/kucoin • by zk6q9t11. Kucoin. Futures and leverage question about doing multiple orders . KuCoin Leveraged Tokens are tokens with the added benefit of leverage. I stopped using the margin account as soon as I got comfortable with Futures trading. 9. Considering that my comment is 2 months old, many things may have changed, considering the EU thing happening last week. Is there a tutorial with specific examples ? I looked up a few articles, and because some of terminologies and lacking concrete examples, I couldn’t fully understand it. This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. I chose 10x leverage, so I have 1000 USDT available for trading, of which 100 USDT is my own. Some offer cross collateral and some (like KuCoin) don’t. I started trading on Kucoin on a daily basis. Note: Fees are not incurred on uncompleted orders. S. I own a crypto trading firm and make $100s of thousands a month using leverage. In simple terms, KuCoin Futures trading is a process of opening a position - getting profit/loss from the position Excuse my ignorance. Crypto Futures trading is open 24/7 and bull/bear markets will always be there. Nicolas Kokkalis and his wife, Dr. It enables you to place a series of purchase and sell orders within a given price range. still didn't tr y the futures grid trading as i see it just like a leverage one where i also don't use, still grid trading bots for me and waiting for the market to recover before i start a new one again KuCoin trading bot its a great features of kucoin. I know classic grid and dca, haven't tried the futures grid cause remind me of leveraging lol saw the % apr there and its super high. If you are looking to minimize risk you should consider all factors, KuCoin Leveraged Tokens are tokens with the feature of leverage, you can find corresponding coins/tokens for all leveraged tokens. The most obvious is market risk. About KuCoin Leveraged Tokens. Are there any exchanges at all to trade in Canada? Maybe KuCoin? One thing I’d caution is that we’ve learned that many exchanges have in house traders who can see the client orders and trade against them. gTrade supports I'm looking to hold a coin with low leverage (maybe 2X) for a period of weeks or months. In some exchanges you can even use your spot balance as collateral. Chengdiao Fan. Been using it forever and having a futures 5x trading bot too is nice. Or check it out in the app stores TOPICS. This is a question I get a lot, as I have already said in my KuCoin review I am a big fan of them, I will make a short list of reasons why I like them: . But you specifically asked about 10x leverage. In the end you owe View community ranking In the Top 1% of largest communities on Reddit. " Nexo is the world’s leading regulated digital assets institution. This is the Reddit community-run sub for the Pi Network cryptocurrency project started by the team of Computer scientist Dr. I stay away from futures & margin. Leverage linear or inverse contracts, various margin modes, and KuCoin offers a variety of trading and investment options that allow you to buy and sell crypto with as little as $1. View community ranking In the Top 1% of largest communities on Reddit. I'm just worried that if I complete KYC that leveraged trading will be disabled. But I also do it for a living. Welcome to FXGears. So I'm completely new to trading with leverage and somewhat worried as to how it can turn out, though very interested in trying as long as I can't put myself in debt. Regarding Kucoin, I have never done the KYC on there and always managed to transfer crypto betweens my other exchange's wallets to it, as a way of depositing some cash to Kucoin and then buying any crypto on Kucoin that isn't listed on the I want to do scalps - quick (think day trading) long/shorts - with perpetual swaps - think futures contracting but with crypto and without timing to settle for initial/maintenance margins - using high leverage - think increasing the amount of my investment by multiples (ex: I put in $10 plus 10x leverage is like I've bought with $100) with I second this. Traders also amplify their investment returns with leverage by simply buying and selling leveraged tokens (it’s Kucoin takes a few hoops to jump threw trading in and out of USDC (you lose more money in the swaps). 5% per trade. (e. Trading on leverage is worth it for people who can trade without it. The market only has to move 1. Kucoin, Bitstamp, Bitfinex, Bybit etc: 4th tier exchanges with even less liquidity but at least they provide leverage! I’m trading on the 30m timeframe and the algo will be making high frequency trades, so as much as I hate to have it this way I’ll need to leave my funds mostly on the exchange. Internet Culture (Viral) This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. Rewards will be KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, Gari etc. If I were to close the trade flat at 12:05 UTC I would pay another $0. Grid bot is just like DCA, a tool, not a money printer. When the F will Coinbase KuCoin Leveraged Tokens are tokens with the added benefit of leverage. I'm trying to understand if it's ever possible to lose more than your initial investment. g. Kindly check this article to know more about KuCoin Futures' fee structure. 81) is calculated via the Mark Price, but the realized PnL that your trade will actually have when closed is calculated via Last Price, which is the actual price of that futures trading pair on Kucoin itself. Learning kucoin future trading . This article shows you the steps for how to set, change, or reset a KuCoin trading password. But I went ahead and got out because I did quite a bit Futures trading in 2022 and trying to do my taxes have been a nightmare. Are there any other fees I need to pay in this scenario since I opened & closed the trade outside of the funding periods? Is there any financing costs if I use leverage? Thanks! Bitcoin (BTC): Margin / Leverage Trading platforms that work in Canada? I used to trade on ByBit and Phemex, both banned. I know. Within months my monthly trading volume had drastically increased, which allowed me to join their market maker program. maybe . I believe I am KYC Level 1. As others have said you can do KuCoin up to 5x leverage without kyc. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier Bro, in all seriousness, your leverage is way too high. Trading Volume = Principal * Leverage. com, a trading forum run by professional traders. If you're not a pro you shouldn't mess with more than like 5x. gTrade supports Hello, I was testing futures trading and have a question about leverage and profit calculations (see the screenshot). So now that you have $967, which is your margin deposits + your position PnL - KuCoin leveraged tokens are assets traded on the KuCoin spot market, similar to conventional cryptocurrencies. How to trade? 1. These tokens leverage profits by providing exposure to an underlying asset Hi there, the liquidation risk of the 1x leverage contract depends on whether it is a USDT-margined or a coin-margined contract. With margin on KuCoin, you take a loan of an asset which you can then use to sell/buy another asset. Clearance Fee: In cases where the buyer or seller fails to deliver within the designated time frame, KuCoin will impose a clearance fee, which will be deducted from the collateral. Kraken has even restricted margin trading to U. The estimated/unrealized PnL in the positions tab (which if I'm understanding your title correctly, was $20. Here's my experience after using grid bot for more than 3 years. The last suggestion I have is that until you can often profit on your trades, you should not be using leverage. Say I buy coin ‘x’ for 2 dollars at 2x leverage. KuCoin Futures currently supports a total of 43 USDT and BTC-margined contracts (as of March 30, 2021), including: USDT margined BTC Perpetual, ETH Perpetual, BCH Perpetual, BSV Perpetual, LINK Perpetual, UNI Perpetual, YFI Perpetual, EOS Perpetual, DOT Perpetual, FIL I want to know my best options for leveraged day trading and swing trading, as I’ve been using Gemini for my DCA. You will undoubtedly get absolutely rekt using leverage this high. KYC rules aren’t added because an exchange wants to cause headaches for the users but government laws they have to follow if they wish to operate legally. 06 taker fee. Do your homework and decide what is right for you and your goals! KuCoin Leveraged Tokens are tokens with the added benefit of leverage. How to master the built-in trading bot in Binance, Pionex, and KuCoin. That has multiple issues holding long term. In this situation you may get leverage from 1:5 to 1:100, but involves some amount of risk too. Grid Trading Bot is a trading bot that assists you in carrying out the Grid Trading Strategy. iqjsu anljg nmb jxtssx luzt gpae milsm yfyvjtk nben bkpd