What is the timing for fee deduction on KuCoin?
Davies MikkelsenDec 14, 2021 · 3 years ago3 answers
Can you explain the timing for fee deduction on KuCoin? I want to know when the fees are deducted from my account when I trade on KuCoin.
3 answers
- Dec 14, 2021 · 3 years agoWhen it comes to fee deduction on KuCoin, the timing depends on the type of trade you make. For spot trading, the fees are deducted immediately after the trade is executed. This means that the fees will be deducted from your account as soon as your order is filled. However, for futures trading on KuCoin, the fees are deducted when you close your position. So, if you open a futures position and keep it open for a while, the fees will be deducted when you decide to close the position.
- Dec 14, 2021 · 3 years agoThe timing for fee deduction on KuCoin varies depending on the type of trade you engage in. For spot trading, the fees are deducted instantly after the trade is completed. This means that as soon as your order is filled, the fees will be deducted from your account. On the other hand, for futures trading, the fees are deducted when you close your position. So, if you open a futures position and hold it for some time, the fees will only be deducted when you decide to close the position.
- Dec 14, 2021 · 3 years agoWhen it comes to fee deduction on KuCoin, the timing can differ based on the type of trade. For spot trading, the fees are deducted immediately after the trade is executed. This means that the fees will be deducted from your account as soon as your order is filled. However, for futures trading, the fees are deducted when you close your position. So, if you open a futures position and keep it open for a while, the fees will be deducted when you decide to close the position. Please note that this information is specific to KuCoin and may vary on other exchanges.
Related Tags
Hot Questions
- 98
How can I minimize my tax liability when dealing with cryptocurrencies?
- 92
What are the tax implications of using cryptocurrency?
- 78
Are there any special tax rules for crypto investors?
- 67
What are the best digital currencies to invest in right now?
- 65
What are the advantages of using cryptocurrency for online transactions?
- 43
What is the future of blockchain technology?
- 21
How can I buy Bitcoin with a credit card?
- 14
How does cryptocurrency affect my tax return?