Kucoin future trading

[Oshosondy]

When using an exchange, it is good not to focus on one, because it can be hacked one day, the money left on an exchange for trading should be an amount that you can afford to lose. While looking at exchange ranking, we know that Binance is manipulating all things, Binance or CZ is the own of Coinmarketcap which rank Binance as number 1, Binance is not ranked number 1 on Coingecko which is better because I have used some other exchanges which have instant liquidity to fill your order, with many altcoins of choice.

Presently, I am having four exchanges, Kucoin is the recent one, the exchange is good, I like the spot trading on the exchange and I just do not want all mt trading money on just one exchange. I have Binance, OKX, Huobi Global and Kucoin now.

But I do not like something on Kucoin, about their derivative trading.

I transferred $100 to Kucoin, I used it for future trading, to open a long position with 2x leverage, which means the position opened supposed to be $200, but it was $167. If it is like that, the liquidation price supoosed to be far from 2x liquidation price, but the position liquidation price was the one of 2x leverage. In the other three exchanges I have mentioned, I do not noticed this, either 2x leverage is filled, if not up to that is filled as in the case of Kucoin, the liquidation price will be farther away from the mark price. Why is Kucoin like that, I see it as cheating.

[JeromeTash]

Never used Kucoin for futures trading because of a KYC issue, but I think their support can help identify what the problem is. The last time I used their live support chat, it was swift, and they helped me out.

Have to checked to see if the whole order was filled?

[joniboini]

Their tutorial doesn't really make it clear either, but I don't think that's supposed to happen. If you take a look at https://www.kucoin.com/futures/refer/baseBTCPosition, the position opened with a slightly lower fund so there might be some fees at play, but I doubt it would eat more than 20% of your initial fund. Better call for support and clarify it I guess.

[Oshosondy]

Never used Kucoin for futures trading because of a KYC issue, but I think their support can help identify what the problem is. The last time I used their live support chat, it was swift, and they helped me out.

I did not provide any KYC for derivative trading on Kucoin, only email, password and trading password was all that were required.

Have to checked to see if the whole order was filled?

Yes, it was all filled. But I will try that again when I transfer money to the exchange to see if it is due to what you said, but I doubt that.

Their tutorial doesn't really make it clear either, but I don't think that's supposed to happen. If you take a look at https://www.kucoin.com/futures/refer/baseBTCPosition, the position opened with a slightly lower fund so there might be some fees at play, but I doubt it would

I do check all these but I think it is not the case. I will use Kucoin to open another position once I fund my account on the exchange, to make things clearer. What I do not remember is if I did not use 100% fund, I do change it to 95% when using market order for it not to bring error on exchanges like OKX, (but I do repeatedly do that until the money used is 99.99%). Maybe I did it like that on Kucoin too, but I doubt that I did something like that that I did not use up to 99 to 100%. I have closed the position long time ago, so I could not check again, but before I can come up with this, I think I checked the total amount of money used and the leverage it opened.

[joniboini]

Well if you're sure about that then asking for their support is probably the only way to go. Looks like there are no other users of Kucoin futures posting around here. Try asking on their Telegram or social media maybe, they are more active here. If this is indeed the expected behavior maybe you should try other platforms, asking for more than 10% per trade is quite ridiculous imo.

[BitMaxz]

I'm using Kucoin but not for future trading I only trade a few coins on their spot exchange and same here I don't have KYC verified.

I already check their faqs and search about this but nothing explains about the rate the fee structure is just likely the as Binance.
So I think like others said it would be better to bring your issue to their support or you can contact them here on the forum they have an active thread here check the link below.

- https://bitcointalk.org/index.php?topic=5254787.0

[Oshosondy]

Well if you're sure about that then asking for their support is probably the only way to go. Looks like there are no other users of Kucoin futures posting around here. Try asking on their Telegram or social media maybe, they are more active here. If this is indeed the expected behavior maybe you should try other platforms, asking for more than 10% per trade is quite ridiculous imo.

Kucoin only deduct the trading fee, just that not all the coins are used for the leverage and the liquidation price is like using 100% of the coin.

I already check their faqs and search about this but nothing explains about the rate the fee structure is just likely the as Binance.
So I think like others said it would be better to bring your issue to their support or you can contact them here on the forum they have an active thread here check the link below.

- https://bitcointalk.org/index.php?topic=5254787.0

I got an email from Kucoin yesterday, an upgrade on future trading which is scheduled to be on 7th of December. I did not message the exchange yet, I want to see how the upgrade will be first.

Dear KuCoin Futures users,

To further improve the performance of the contract trading system, KuCoin Futures has scheduled to perform a system upgrade at 06:30:00 on December 7, 2022 (UTC).

It is estimated that the order cancellation will be available at 09:10:00 (UTC), all trading and order matchmaking services will be available at 09:15:00 (UTC) the same day.

The upgrade will take about 2 hours and 45 minutes. During this period, the order-matching, order placing, take profit/stop loss features, as well as the auto-deposit margin and other contract functions on KuCoin Futures website, APP and openAPI will be temporarily suspended.

During the upgrading, users can’t create or stop the Futures Grid trading bots. The running bots will not be affected.

We apologize for any inconvenience caused and appreciate your patience.

[Oshosondy]

I later deposited money today to try Kucoin futures again and see how it is working.





I went for BTCUSD perpetual with 2x leverage. Because I used bitcoin for it directly as it is not USDT or any other stable coin like USDC, that would assume it being 3x leverage.

Entry price was $16784
Dividing it by 3 would give $5594
$16784 minus $5594 would give $11189 which should be the liquidation price.

Liquidation price on Kucoin is $11238 which you can see in above image in red. Very similar to my calculation.
There would be transaction fee charges too which I did not calculate along.

It is working good. I will still later try it for BTCUSDT to know how it is.