Binance vs Kucoin vs FTX... Which to go with (KYC non issue)? - page 2.

dimonstration

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Dimon69

Quote from: mk4 on November 16, 2021, 06:14:39 AM

I'd personally go with FTX as it's pretty much the one that has shown the least sort of "shadiness" compared to the other two. Binance is the biggest, yes, but it's pretty much always in the legally gray area; pretty much the exchange that has likely pissed off a lot of regulators.

Quote from: Turbolantern on November 16, 2021, 06:14:23 AM

Why is that?

Because.. https://cryptosec.info/exchange-hacks

This is true, The real reason why Sam of FTX decided to part ways with Binance partnership is because Binance don't to follow the law and just contented on dodging the law by changing there headquarters location regularly. I don't know about Kucoin but FTX is the one showing cooperation to the law and happily complying with it. I trust Sam and most of the project that they are working with like Serum and Solana.

My vote goes too FTX too.

mk4

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Paldo.io 🤖

I'd personally go with FTX as it's pretty much the one that has shown the least sort of "shadiness" compared to the other two. Binance is the biggest, yes, but it's pretty much always in the legally gray area; pretty much the exchange that has likely pissed off a lot of regulators.

Quote from: Turbolantern on November 16, 2021, 06:14:23 AM

Why is that?

Because.. https://cryptosec.info/exchange-hacks

Turbolantern

newbie

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Quote from: Bttzed03 on November 16, 2021, 05:59:13 AM

Just be careful not to use it as long term storage.

Why is that?

Bttzed03

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https://bitcoincleanup.com/

Let me get this straight first. You don't care if you submit personal information for KYC? If so, you might as well check first if those mentioned exchanges have issues with your local authorities/central bank. Binance seems to be the favorite target for investigation right now because of their affiliations to local companies in some countries.

Kucoin is much like Binance but still friendly enough to allow withdrawals up to 1 BTC for unverified accounts. They also have a variety of coins/tokens (some not yet available on Binance) and some nice features like their trading bot. I haven't read any regulatory issues against them.

Both of the above exchanges had a major hacking incident before but they seem to have recovered now.

I never used FTX.

My personal choice would be Kucoin. Just be careful not to use it as long term storage.

Turbolantern

newbie

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For trading, safety and cash withdrawals internationally.

Topic: Binance vs Kucoin vs FTX... Which to go with (KYC non issue)? - page 2. (Read 249 times)