Pre-Market is an over-the-counter (OTC) trading platform exclusively for trading new tokens before their official launch. Buyers and sellers can set price quotes and match trades to secure their desired prices and liquidity in advance. Make sure you possess adequate funds before trading, and can fulfill delivery within the agreed-upon time frames.
The market is currently closed. Please wait for the buyer or seller to complete the settlement. KuCoin will expedite the clearing and settlement of funds and tokens.
Click on Create Order, and place a buy order by entering the quantity and price. After putting down your collateral, confirm your order.
Wait for a seller to match your order. Once a seller has taken up your order, simply wait until the token is listed on KuCoin.
Once the seller delivers on the order within the agreed time frame, you'll receive your tokens. Otherwise, you'll be compensated and get your collateral back.
Pre-Market is an over-the-counter (OTC) trading platform exclusively for trading new tokens before their official launch. It allows buyers and sellers to set their price quotes and match trades, securing their desired prices and liquidity in advance.
To trade on Pre-Market, please ensure you possess adequate funds before trading and are able to fulfill delivery within the agreed-upon time frames.
In the event of a delay or cancellation of the token listing, Pre-Market orders will either be postponed or canceled altogether.
Delay: Filled orders remain valid. The new delivery time will be announced by KuCoin. Unfilled orders will be canceled if Pre-Market closes.
Cancellation: All orders are nullified. Frozen funds due to Pre-Market trading are typically refunded to the user's trading account within one business day. Trading fees will not be charged.
While Pre-Market trades can reflect market expectations, the official listing price itself might be influenced by a much larger set of factors.
It's important to note that both Pre-Market and official listing prices are ultimately determined by the markets. There might not necessarily be a direct correlation between the two.
You can successfully deliver on your trade as long as you have enough tokens in your Trading Account. Here are two simple ways to make sure:
1. Deposit Enough Tokens
Ensure you have the right token ticker and deposit address.
Transfer enough tokens to your Trading Account, then wait for settlement time.
2. Purchase in Spot Market
Buy tokens via the Spot Market, transfer enough tokens to your Trading Account, then wait for settlement time.
Note: Only tokens from your Trading Account will be considered for delivery. Tokens stored in other accounts (e.g., Funding Account) will not be recognized, and you risk losing your collateral.
Normally, Pre-Market fees are calculated as: 2.5% * Total Trading Amount, with a maximum of 2500 USDT per order. Depending on the traded token, there may be minimum or maximum charges per order.
Clearance Fee: In cases where the buyer or seller fails to deliver within the designated time frame, KuCoin will impose a clearance fee, which will be deducted from the collateral.
Note: Fees are not incurred on uncompleted orders. Also, the fees from Pre-Market trading are distinct from KuCoin's spot trading fees.
