About Pay Fees with KCS| KuCoin (2024)

About Pay Fees with KCS| KuCoin (1)

Dear KuCoin Users,

We are glad to see that the Pay Fees with KCS feature has been well received and widely used by users since its launch.

To ensure the best possible trading experience and provide users with a better understanding of how Pay Fees with KCS works, we have provided an explanation of the feature below.

Pay Fees with KCS Calculation Method

Take BTC/USDT as an example, the trading fees shall be settled in USDT. If Pay Fees with KCS is enabled, fees will be charged in KCS after applying a 20% discount to the original USDT trading fees.

You can view the original USDT trading fees from Spot Orders > Trade History.

Discount prices are calculated as follows:

  • If you are buying with a KCS pair, take KCS/USDT as an example, the discount will be calculated according to the latest market price of KCS/USDT.
  • If you are buying a trading pair other than KCS pairs, take TRX/USDT as an example, the discount will be calculated as follows: KCS/TRX discount price =[(KCS/USDT) latest market price]➗[(TRX/USDT) latest market price].

Discounted KCS amounts are calculated as follows:

  • To prevent price fluctuations, the amount of KCS discounted will be calculated in accordance with the latest KCS discount price minus 5%.
  • For example, if the trading fee is settled in USDT: Discounted KCS amount=[USDT trading fees × 80% ]➗[(KCS/USDT)latest market price × (1-5%)].

You can view discount details of Pay Fees with KCS from Trading Account > Account Details.

The latest market price is updated every second.

Note: For spot trading, the base currency will be used for fee rate judgement. When the fee rate of Class A/Class B/Class C is lower than 0.025%/0.050%/0.075% respectively, no discounts will be applied even though the Pay Fees with KCS feature is enabled. Users will be charged 100% of the trading fees in accordance with the quote currency of a trading pair. The fee rate is determined by that of the master account. Discounted KCS is deducted from the account that generated the transaction.

Thank you for supporting KuCoin!

The KuCoin Team

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About Pay Fees with KCS| KuCoin (2024)

FAQs

How to use KCS to pay fees? ›

Pay Fees with KCS Calculation Method

Take BTC/USDT as an example, the trading fees shall be settled in USDT. If Pay Fees with KCS is enabled, fees will be charged in KCS after applying a 20% discount to the original USDT trading fees. You can view the original USDT trading fees from Spot Orders > Trade History.

What is the KCS fee discount? ›

Why does the fee remain the same even after enabling the feature? After enabling Pay Fees with KCS, the 20% discount is offered in rebate. For instance, if your trading fee was 1.00 USDT paid using KCS, you'll receive 0.20 USDT back in KCS.

How much fees does KuCoin charge? ›

KuCoin offers a tiered maker/taker fee model, with trading fees ranging from -0.005%-0.1%, depending on your tier level. 6 Its fees are relatively low compared to competitors, which may charge up to 0.50% per trade. Users can also get trading fee discounts based on their KuCoin Token (KCS) balance.

How to reduce KuCoin fees? ›

Trading Fee Level:

After logging in, You can click the Fee button via KuCoin's official website or just visit the trading fee page to check your trading fee level and current fee. The higher your trading fee level is, the lower your trading fee is, even a negative fee rate is possible.

How can I pay my fee? ›

Search for your institute by typing its name in the 'Search for an Institute' or scrolling the list. Upon finding your institution, enter your student ID in the 'Student Unique ID' field. Make the payment using the available options—Credit Card, Debit Card, UPI, or wallet balance.

Is KuCoin legit? ›

Yes, KuCoin is a legitimate cryptocurrency exchange that has been operating since 2017. It has built a reputation for providing a wide range of cryptocurrencies and advanced features.

How much does KCS cost? ›

KuCoin Token Price Live Data

The live KuCoin Token price today is $8.09 USD with a 24-hour trading volume of $573,116 USD.

What is fees are waived? ›

If you can't afford the filing fee, you can ask the court for a “fee waiver” in order to file for free. With a fee waiver, you also won't pay for certified copies, sheriff's service of process fees, court reporter fees, or most other costs related to starting a case.

How much is KCS now? ›

KuCoin (KCS) is worth ₱456.02 today, which is a 0.4% decline from an hour ago and a 0.1% decline since yesterday. The value of KCS today is 2.8% higher compared to its value 7 days ago. In the last 24 hours, the total volume of KuCoin traded was ₱3,354,814.

Can US citizens trade on KuCoin? ›

Yes, you can use KuCoin from the US but only its limited version with low withdrawal amounts and other restrictions. This is due to the lack of licensing and KYC verification and limited customer support.

How much is KuCoin withdrawal? ›

Daily Limits for Fiat Services
Fiat ServiceDaily Limit (USD equivalent amounts used for calculations)
Fiat withdrawals150,000 USD
Buy crypto with fiat50,000 USD
Sell crypto for fiat50,000 USD
Buy crypto with bank card100,000 USD
1 more row

Is KuCoin better than Coinbase? ›

In terms of fees and trading costs, KuCoin generally offers lower fees compared to Coinbase, especially for high-volume traders. However, Coinbase's transparent fee structure and ease of use may offset this difference for some users.

What is the minimum deposit for KuCoin? ›

Are there deposit limits on KuCoin? The deposit amount must be between $5 and $5,000 USD per trade.

Does KuCoin use KCS? ›

Using KCS to pay trading fees can also provide discounts on trading fees, making transactions cheaper for users. You can also stake KCS on KuCoin Earn to enjoy a share of KuCoin's profits. Additionally, KCS is used for participating in token sales and other special events on the platform.

Is KuCoin or Binance better? ›

Comparison Summary

The Binance vs Kucoin online crypto exchange comparison tool revealed that Binance has better features & higher in-depth evaluation scores than Kucoin.

How do I pay with KuCoin? ›

KuCoin lets you buy cryptocurrency using your debit or credit card. Select the desired cryptocurrency, enter the amount, and then input your Visa or Mastercard card details to complete your cryptocurrency purchase.

How do I pay international tuition fees? ›

Different Ways to Pay Fees for Overseas Education in 2024
  1. Wire Transfers via Banks. Banks are long-established and regulated, providing a sense of security and trust when it comes to international money transfers. ...
  2. Wire Transfers via Money Transfer Platforms. ...
  3. Demand Draft: ...
  4. Forex Cards. ...
  5. Credit Cards. ...
  6. International Money Order.

What is KCS token used for? ›

Utility Token: KCS is a utility token that offers a wide range of benefits to its holders. It can be used to pay trading fees, participate in token sales, and enjoy discounts on transactions. Discounted Trading Fees: One of the primary advantages of holding KCS is the ability to save on trading fees.

What are the benefits of holding KCS on KuCoin? ›

KCS Staking 2.0
  • Discount Perks. Staked KCS can also be used to pay trading fees on KuCoin. Hold KCS to enjoy trading discounts. ...
  • High Yields. Stake KCS to share in KuCoin platform's earnings. Earn significant on-chain rewards by staking KCS.
  • Profits are credited daily. On-chain profits do not need to be manually withdrawn.

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