Users practicing trade on the KuCoin platform, when paying trade fees, if the trading account holds enough amount of KCS, will enjoy a trade fee discount. The system will calculate the corresponding amount of trade fees after a discount, then deduct the trade fee from your KCS according to the market value in real-time.
Users can open or close the KCS deduction trade fee function in the trade fee rate module of the Avatar-User profile page.
Using the KCS deduction trade fee function, you must ensure that your trade account has enough KCS to deduct the trade fee (KCS in the main account is not qualified for this function).
Currently, it is a twenty percent off discount, and the discount rate is adjusted dynamically according to business needs.
1 Market Value Conversion Logic of KCS.
If the operated trade pair is BTC/USDT. Originally, the trade fee is via the USDT price unit. When you open the function, the trade fee will be via the KCS unit. The detailed conversion formula is KCS/USDT= the currently highest buy price for KCS/BTC divided by the currently highest buy price for BTC/USDT.
The update period of the latest market price is 1s/time.
2 Are users available to choose to turn on or off this function?
Yes, there are functional switches in the obvious position of the Personal center, and corresponding reminders will be provided on the transaction page.
3 How to settle the transaction fee when it is KCS itself?
For this condition, the corresponding discount will still be enjoyed if users open the KCS deduction trade fee function.
4 How to charge the trade fee when the KCS deduction trade fee function is opened while without sufficient KCS in the trading account.
When your KCS in trade account is insufficient, no relative discount under this function is involved.
5 How to check it in the detail of the asset after opening the KCS deduction trade fee function
When the function is opened, each trade will generate three capital flows, including data details for your original trade fee deduction, KCS deduction discount part amount return and KCS deduction fee.