With over 20+ million users and 700+ coins and 1200+ trading pairs on its exchange, KuCoin Futures celebrates it’s 3rd Anniversary with its users!
Now, let’s talk about KuCoin Futures
With KuCoin celebrating 3 years of futures trading, we sure can expect a better and more enhanced platform for trading in the coming years.
KuCoin futures was launched in August 2019 and so far has served millions of users with its innovative products and high-quality services, recording the highest daily trading volume of over $10billion this year (2022).
KuCoin Futures has achieved leapfrog growth in trading volume in large part due to its rapid development and continuous breakthroughs. Futures trading volume has increased by 400%, average daily open interest has increased by 500% compared with last year, and the highest intraday trading volume reached $10 billion. Over 50% of users register and enable futures trading, and profits from a single user’s futures position have exceeded 10,000%.
Advantages of KuCoin Futures
Easy-to-use
KuCoin Futures offers both Professional and Lite versions of Futures trading, meaning newbies can also trade easily. The self-developed Futures Brawl makes Futures trading even easier and more enjoyable.
Amplify profits with less funds
You can use up to 100x leverage on KuCoin Futures to magnify your profit with less funds and surprisingly, you can also start trading BTC with only $1.
Catered for all classes of investors
KuCoin Futures supports multiple types of advanced orders and contracts with 120+ different coins/tokens, which satisfies diversified trading appetites, which is part of the reason why they are know as the “People’s Exchange”.
Robust and secure system
Adopts an advanced intelligent indexing algorithm, where the index refers to the Spot market price of 6 popular exchanges to avoid unusual liquidation.
Here’s how you can trade on KuCoin Futures
Enable Futures Trading
First step is to log into KuCoin, hover over “Derivatives” in the menu bar, and click “Futures Classic” to enter the Futures trading area.
Then, click the “Enable Futures Trading” button, read through the relevant text and tick “I Have Read and Agree” to proceed with the operation.
Transfer assets to your Futures account
Step 1: To check your assets on KuCoin Futures, hover over the wallet icon in the top right corner of the page, then click “Futures Account”. You will be redirected to the Futures Assets page.
Step 2: KuCoin Futures offers two ways to deposit funds:
Method 1: If your USDT or BTC is on another platform, you can click “Deposit” directly and deposit the USDT or BTC to the specified address. For USDT deposits, please pay attention to the network and choose the corresponding network protocol in the deposit window.
Method 2: If you already have USDT or BTC on KuCoin, click “Transfer” and transfer your USDT or BTC to your KuCoin Futures account to start Futures trading.
Here’s How to start trading
Step 1: Log into KuCoin Futures, go to “Trade” and search the Futures product.
Step 2: To place an order on KuCoin Futures, please select the order type and leverage, then enter your order quantity.
Currently, KuCoin Futures supports three types of orders: a) limit order, b) market order and c) stop order.
a. Limit Order: A limit order uses a pre-specified price to buy or sell the product. On KuCoin Futures Classic, you can enter the order price and quantity and click “Buy/Long” or “Sell/Short” to place a limit order;
b. Market Order: A market order is an order to buy or sell the product at the best available price in the current market. On KuCoin Futures Classic, you can enter the order quantity and click “Buy/Long” or “Sell/Short” to place a market order;
c. Stop Order: A stop order is an order which will be triggered when the given price reaches the pre-specified stop price. On KuCoin Futures Classic, you can select the trigger type and set the stop price, order price and order quantity to place a stop order.
Step 3: Select the leverage ratio. The leverage is utilized to multiply your earnings. The higher the leverage is, the greater the earnings you will have as well as the losses you may bear, so please be prudent with your choices.
Step 4: KuCoin Futures offers advanced settings including “Post Only”, “Hidden” and Time in Force policies such as GTC, IOC, etc., for orders. Please note that the advanced settings are only available for limit or stop orders.
Step 5: Buy/Long & Sell/Short
On KuCoin Futures, if you’ve already entered the order info, you can click “Buy/Long” to go long on your positions or click “Sell/Short” to go short on your positions.
If you go long on your positions and the Futures price goes up, you will earn profit.
If you go short on your positions and the Futures price goes down, you will earn profit.
*Notice (It will be displayed below the “Buy/Long” and “Sell/Short” buttons): the KuCoin Futures platform has maximum and minimum order price restrictions for orders; The “Cost” is the needed margin to execute an order. Please ensure there’s a sufficient balance in your account to place an order.
How you can check your positions
On KuCoin Futures, if you have submitted an order successfully, you can check or cancel your open and stop orders in the position list.
If your order is executed, you can check your position details in “Positions”.
Quantity: Number of Futures in an order;
Entry Price: Average entry price of your current position;
Liquidation Price: If the price of the Futures is worse than the liquidation price, your position will be liquidated;
Unrealised PNL: The floating profit and loss of the current positions. If positive, you have profited; If negative, you have lost funds. The percentage indicates the proportion of the profit and loss to the order amount.
Realized PNL: The calculation of the realized PNL is based on the difference between the entry price and exit price of a position. Trading fees as well as Funding Fees, are also included in the realized PNL.
Margin: The minimum amount of funds you must hold to keep a position open. Once the margin balance drops below the maintenance margin, your position will be taken over by the Liquidation Engine and get liquidated.
Auto-Deposit Margin: When Auto-Deposit Margin mode is enabled, funds in the Available Balance will be added to the existing positions whenever liquidation happens, trying to prevent the position from being liquidated.
Take Profit/Stop Loss: Enabling take profit or stop loss settings will allow the system to perform the take profit and stop loss operations automatically to your positions to prevent funds losses caused by volatile price fluctuation. (Recommended)
How you can close your positions
Click on “Positions”. There are two ways to close your positions: Close with Market Order and Close with Limit Order.
1. Close with Market Order: Enter the position size you plan to close, click “Confirm” and your positions will be closed at the current market price.
2. Close with Limit Order: Enter the position price and position size you plan to close and click “Confirm” to close your positions.
New to KuCoin? You can sign up to get started immediately! Happy Trading!
No comments:
Post a Comment