Example and operation instruction of KuCoin Trade

1. Limit Order:

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:

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.

3. Stop Limit Order:

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:

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.

Advanced order functions setting: