Step 1:
Log in to www.kucoin.com, and click on the "Spot" tab.
Step 2:
You will enter the trading market. Depending on which tab you click on, you will see different markets. The options are Stable Coin (USDⓈ), Bitcoin (BTC), KuCoin Shares (KCS), ALTS (Includes Ethereum (ETH) and Tron (TRX)) and several hot areas. Not all tokens are paired into every market, and the prices may vary depending on the market you are looking at.
If you would like to use BTC to buy KCS, please select the BTC market and use the search box to find KCS. Click on it to enter the KCS/BTC trade pair interface.
Step 3:
Before trading, you are required to enter your trading password for security. Once you enter it, you will not need to enter it again for 2 hours. It is highlighted in the red box below.
Step 4:
We offer four order types for customers. The following is a detailed description:
1. Limit Order: A “Limit Order” is an order placed to buy or sell a specified quantity of assets at a specified limit price or better. This involves setting the ideal commission price and quantity.
For example, if the current market price for KCS is 0.96289 USDT and you plan to buy 100 KCS when the price drops to 0.95 USDT, you can place the order as a limit order.
Operation steps: Select “Limit Order” on the trade portal/interface, enter 0.95 USDT in the price edit box and 100 KCS in the quantity edit box. Click “Buy KCS” to place the order. The order will be filled no higher than 0.95 USDT with a limit order in this case, so if you're sensitive with the filled price, choose this type!
What price should you input with the limit order: on the right side of the trade page, you'll see the order book, in the middle of the order book, it is the market price(last price of this trade pair), you can refer to that price to set your own limit price.
2. Market Order: A “Market Order” is an order placed to buy or sell a specified quantity/amount of assets at the best available price in the current market. In this case, the commission price is not set; only the order quantity or amount is set, and the purchase is made by the set quantity or amount after the purchase.
For example, if the current market price for KCS is 0.96263 USDT and you plan to buy a sum of KCS valued 1000 USDT without setting prices, you can place the order as a market order. Market orders will be completed immediately, which is the best way to buy or sell quickly. So if you're not very sensitive with the filled price and want to trade quickly, choose this type!
Operation steps: Select “Market Order” on the trade portal/interface and enter 1000 USDT in the amount edit box. Click “Buy KCS” to place the order.
Tip: As the market order would usually be executed immediately, you cannot cancel the order once the order has been placed. You may check the trading details in “Order History” and “Trade History”. For sell orders, it will be filled by the best available orders show in the buy order book until the funds you want to sell ran out; for buy orders, it will be filled by the best available orders show in the sell order book until the funds you used to buy tokens ran out.
3. Stop Limit Order: A "Stop-Limit Order” is an order placed to buy or sell a preset quantity of assets at a preset limit price when the latest price reaches the preset trigger price. This includes setting the ideal commission price and quantity, as well as the trigger price.
For example, if the current market price of KCS is 0.9629 USDT, you assume the support price is 1.0666 USDT would not continue to increase when it breaks through the support price, then you could sell it when the price reaches 1.065 USDT. However, as you are likely not able to follow the market 24/7, you could place a stop-limit order to prevent losses from gaining more.
Operation steps: Select “Stop Limit" Order, enter 1.0666 USDT in the stop price edit box, 1.065 USDT in the price edit box, and 100 KCS in the amount edit box. Click “Sell” to place the order. When the latest price reaches 1.0666 USDT, this order will be triggered and the order valued 100 KCS will be placed at a price of 1.065 USDT.
4. Stop Market Order: A “Market Stop-Loss Order" is an order placed to buy a preset quantity/amount of assets at the current market price when the latest price reaches the preset trigger price. For this type, the commission price is not set, only the trigger price and the order quantity or amount are set.
For example, if the current market price of KCS is 0.96285 USDT, you assume the support price is 1.0666 USDT would not continue to increase when it breaks through the support price, then you could sell it when the price reaches to support price. However, as you are likely not able to follow the market 24/7, you could place a stop-limit order to prevent losses from gaining more.
Operation steps: Select “Stop Market" Order, enter 1.0666 USDT in the stop price edit box, and 100 KCS in the amount edit box. Click “Sell” to place the order. When the latest price reaches 1.0666 USDT, this order will be triggered and the order valued 100 KCS will be placed at the best market price.
Kind Reminder:
Market order price is matched by the fittest price in the current trading market, in considering of the price fluctuation, the filled price to a market order is matched higher or lower than the current price. Please check the price and amount through on-floor orders before you place a market order.
Stop order upgraded at 15:00:00 to 15:40:00 on October 28, 2020 (UTC+8): In order to improve the utilization of user funds and provide you with better trading experiences, when placing a Stop Loss Order, the new system will not pre-freeze the assets in your account for the order until it has been triggered. After the Stop Orders are activated, the order rules are the same as the rules for Limit Orders or Market Orders, orders might be canceled if there are insufficient funds, we suggest you do not ignore these risks in case the stop order can't be filled because of this.
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