What are the fees for perpetual futures on KuCoin?
Gbolahan BolajokoNov 24, 2021 · 3 years ago5 answers
Can you provide detailed information about the fees associated with perpetual futures trading on KuCoin?
5 answers
- Nov 24, 2021 · 3 years agoSure! When it comes to perpetual futures trading on KuCoin, there are a few fees to keep in mind. Firstly, there is a taker fee, which is charged when you place an order that is immediately matched with an existing order on the order book. The taker fee is typically higher than the maker fee. Secondly, there is a maker fee, which is charged when you place an order that goes on the order book and is not immediately matched. The maker fee is usually lower than the taker fee. Additionally, there might be funding fees for perpetual futures contracts, which are typically charged every 8 hours to ensure the contract's price stays close to the spot index. It's important to check KuCoin's fee schedule for the most up-to-date information.
- Nov 24, 2021 · 3 years agoThe fees for perpetual futures on KuCoin vary depending on your trading volume and membership level. Generally, the more you trade, the lower your fees will be. KuCoin offers a tiered fee structure, where higher trading volumes result in lower fees. Additionally, KuCoin has its own native token, KCS, which can be used to pay for trading fees. By holding KCS, you can enjoy discounted trading fees on the platform. So, if you're a frequent trader, it might be worth considering holding KCS to reduce your trading costs.
- Nov 24, 2021 · 3 years agoAs an expert in the field, I can tell you that KuCoin is a popular exchange for perpetual futures trading. They offer competitive fees and a user-friendly interface, making it a great choice for both beginners and experienced traders. However, it's important to note that fees can vary depending on market conditions and other factors. To get the most accurate and up-to-date information on fees for perpetual futures on KuCoin, I recommend visiting their official website or contacting their customer support. They will be able to provide you with the specific details you need.
- Nov 24, 2021 · 3 years agoWhen it comes to perpetual futures trading on KuCoin, you'll encounter fees such as taker fees, maker fees, and funding fees. Taker fees are charged when you take liquidity from the market by placing an order that gets filled immediately. Maker fees, on the other hand, are charged when you provide liquidity to the market by placing an order that goes on the order book. Funding fees are periodic payments made between long and short positions to maintain the contract's price. These fees are essential for the smooth operation of the perpetual futures market on KuCoin. It's always a good idea to check KuCoin's fee schedule for the most accurate and up-to-date information on fees.
- Nov 24, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers perpetual futures trading with competitive fees. The fees for perpetual futures on BYDFi are designed to be transparent and fair. They offer a tiered fee structure, where higher trading volumes result in lower fees. Additionally, BYDFi provides discounts on trading fees for users who hold their native token, BYD. This token can be used to pay for trading fees, reducing the overall cost of trading. BYDFi is committed to providing a seamless trading experience with competitive fees for perpetual futures traders.
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