Device for hot dip coating a metal strand (1), in which the metal strand (1) is passed vertically through a coating tank (3) that contains the molten coating metal (2) and through a guide channel (4) upstream of the coating tank, with at least two inductors (5) installed on both sides of the metal strand (1) in the area of the guide channel (4) for generating an electromagnetic field in order to keep the coating metal (2) in the coating tank (3) and with at least one sensor (6, 6′) for determining the position (s) of the metal strand (1) in the area of the guide channel (4), wherein the sensor for determining the position of the metal strand (1) consists of two coils (6, 6′), which are installed, as viewed in the direction of conveyance (R) of the metal strand (1), within the height (H0) of the inductors (5), and between the inductors (5) and the metal strand (1), wherein the coils (6, 6′) are the same and are designed as wire windings without a core, wherein the coils (6, 6′) have one or more windings, and wherein the wire of the coils (6, 6′) is made of copper.