Kucoin & Binance are the new Bittrex & Polo ? seems so. - page 8.

Savik

full member

Activity: 364

Merit: 101

Quote from: Cipherr on October 31, 2017, 07:54:30 PM

So sure, half of the OP is right, the rest reads like the Ku shilling thats all over reddit lately. Although I wouldnt mind if Ku rose; Bittrex needs their teeth kicked in for the laziness that's overtaken them in the last 8 months, and Polo is a shell of its former self.

Thats why I am pushing Binance/KuCoin. It pisses me off that Bittrex sucks so much ass lately and isn't adding anything worthwhile, Polo just sucks so bad as well and is on a downward spiral. KuCoin is exactly where Binance was when they were this new, and I believe they will follow in Binance's footsteps. If we don't have good options then we will be stuck with shitty exchanges pushing shitty coins.

I'd like decentralized exchanges to be the future, but they have been around for a while already (BitShares anyone? EtherDelta is so small in the grand scheme as well) and I am wondering if it is just fantasy to think we will really have DEXs that have a bigger share than centralized exchanges.

jlanzago

full member

Activity: 266

Merit: 101

Cryptomooniac - to the moon and beyond...

Actually both exchanges are not bad, somewhat similar although they have a long way to go. The future? Not really. I see the future being decentralized exchanges, not centralized ones like Binance, Kucoin, and many others.

efeservan

newbie

Activity: 34

Merit: 0

i think they should use better interfaces.

Cipherr

member

Activity: 64

Merit: 10

Binance has earned its spot where it is, and its rising.

Kucoin is absolutely brand new and hasn't earned anything yet; but has the single most aggressive shilling I have ever seen in my life right now. It puts COSS to shame in that regard. Its stupid referral system + heavy marketing budget has people pretending its on par with Binance/Bittrex long before its earned that right.

If it gets there, Ill give it that credit, but its not in the same conversation as Binance right now. Binance has weathered some shit, and worked HARD on community outreach and adding of coins to get the small bit of respect it has from users and the volume its built. Kucoin ain't there. Not yet anyway.

So sure, half of the OP is right, the rest reads like the Ku shilling thats all over reddit lately. Although I wouldnt mind if Ku rose; Bittrex needs their teeth kicked in for the laziness that's overtaken them in the last 8 months, and Polo is a shell of its former self.

Similificator

sr. member

Activity: 882

Merit: 403

Quote from: Metros on October 31, 2017, 12:06:11 PM

Lately a new "Exchange 2.0" taking over. Bittrex & Polo suffer from many complains, locking accounts and many other issues.

Kucoin & Binance are quite different. they have their own token which give benefits.

Both are going very big in Asia and International.

Check out how Kucoin perform vs other exchanges:

https://www.kucoin.network/

Your opinion?

Kucoin, i haven't heard of it before till now. Gonna have to check that out.
Binance on the other hand really has great potential to grow bigger than it is today and really rewch the level of bittrex and polo. (Dont like polo that much to be honest)

Savik

full member

Activity: 364

Merit: 101

Im interested to see where Binance goes with their "Labs" section:

https://labs.binance.com

in a few years could we see ICOs offered directly through Binance and pay in BNB coins? Additionally Binance is adding BNB market pairs for just about everything they already have. And while we are on this Binance love fest, here is a referral link if you'd like to sign up for them too:

https://www.binance.com/register.html?ref=10180792

Cicada1033

full member

Activity: 168

Merit: 100

Quote from: NeuroticFish on October 31, 2017, 03:00:27 PM

Quote from: Metros on October 31, 2017, 12:06:11 PM

https://www.kucoin.network/

Quote from: Metros on October 31, 2017, 01:36:27 PM

Register and see

First, this is a dirty trick. And I don't like it. This site sends the users to the exchange with your referral.
Second, I don't like the UI of kucoin. It is closer to Yobit UI than Poloniex. Polo still looks more professional.
And third, the number of coins exchanged is very small. How can you compare an exchange with 10-20 coins with something established and tons of coins?
No. The comparison doesn't stand. This is just a referral trick.

KuCoin is only around for two months give it some time they are listing a new coin like every 3 days.

From their whitepaper:
2017.12 - Over 50 mainstream cryptocurrency pairs listed
2018.12 - 1,000+ cryptocurrencies listed

Metros

full member

Activity: 308

Merit: 100

Quote from: diouf67 on October 31, 2017, 02:28:31 PM

It certainly seems like Binance and especially Kucoin are the hot topic right now in terms of exchanges, though given some time I expect to see a decentralised exchange really begin to dominate the market in the coming years.

Yes I hope. right now EtherDelta is not the most user-friendly but.. millions using it which is epic.

Metros

full member

Activity: 308

Merit: 100

Quote from: Volant on October 31, 2017, 02:15:24 PM

I'm starting to use Binance a lot more than Bittrex now if I can help it. The only issue is Binance not having the amount of coins I'd like to be trading in.

I have any thing I need on Binance, Kucoin, HitBTC, Liqui & EtherDelta..

Metros

full member

Activity: 308

Merit: 100

Quote from: bitorama on October 31, 2017, 02:02:01 PM

you are right, Kucoin & Binance are the chinese versions of Bittrex & Poloniex

Yes Kucoin even have chat in .cn language..

Poink

full member

Activity: 350

Merit: 122

Quote from: NeuroticFish on October 31, 2017, 03:43:13 PM

Quote from: Crankautist on October 31, 2017, 03:31:31 PM

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Businesses use referral to attract customers, this doesn't make them a Ponzi. In this case there are still platforms where people can exchange coins versus other people.
What I pointed out was that OP came out with an over-scaled comparison just to lure people click on his ref link.

Quote from: Poink on October 31, 2017, 03:24:36 PM

First there seem to be a misunderstanding, everyone can check it out without registering...they just can't trade.

If they did it right, even if somebody registers in a month, your referral link will still be in effect. Yes, it depends on how they do the referral policy.
And I think that you know that too.

The users have nothing to lose. Still, I don't like this ref practice.

Can't blame you and can respect that. Thanks for the civil discussion

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: Metros on October 31, 2017, 12:06:11 PM

Lately a new "Exchange 2.0" taking over. Bittrex & Polo suffer from many complains, locking accounts and many other issues.

Kucoin & Binance are quite different. they have their own token which give benefits.

Both are going very big in Asia and International.

Check out how Kucoin perform vs other exchanges:

https://www.kucoin.network/

Your opinion?

I guess they are the underrated exchanges at the moment,a lot of people recommending it. Kucoin,people are recommending it for listing new ico coins and binance it has no fees for a few altcoins like neo and gas i guess. Bittrex I dont know what is going to happen they have been banning and blocking access to some of its users and poloniex aren't listing any coins and their daily withdrawal limit is low.. So maybe we are going to see a new exchanges taking over bittrex and poloniex.

Metros

full member

Activity: 308

Merit: 100

Quote from: Savik on October 31, 2017, 01:18:08 PM

Quote from: sylance on October 31, 2017, 01:08:55 PM

Anyone use Binance without verification... and if verified, anyone get verified without a passport? Also, how much do you trust these new exchanges? If you frequently trade it means you have to keep coins on the exchange for quick moves.

I used Binance for quite a while with just the basic Level 1 account and no verification, but the 2 BTC withdrawal limit started to get in the way when I would move funds, so I used a passport and verified the next level up. I trust them, and I am aware of risks keeping coins on exchanges, but there are risks keeping coins in hardware/software wallets as well.

In the future we will have direct accress to DEX via Trezor or so Tongue

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Crankautist on October 31, 2017, 03:31:31 PM

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Businesses use referral to attract customers, this doesn't make them a Ponzi. In this case there are still platforms where people can exchange coins versus other people.
What I pointed out was that OP came out with an over-scaled comparison just to lure people click on his ref link.

Quote from: Poink on October 31, 2017, 03:24:36 PM

First there seem to be a misunderstanding, everyone can check it out without registering...they just can't trade.

If they did it right, even if somebody registers in a month, your referral link will still be in effect. Yes, it depends on how they do the referral policy.
And I think that you know that too.

The users have nothing to lose. Still, I don't like this ref practice.

Poink

full member

Activity: 350

Merit: 122

Quote from: Savik on October 31, 2017, 03:37:16 PM

Quote from: Crankautist on October 31, 2017, 03:31:31 PM

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Well sure, but we are all trading the same coins. This incentive program drives trading volume into their exchange. As opposed to BitConnect where someone will be left holding the bag at the end.

The big difference is that you are not putting out anything other than effort (no cost to you). If you will trade anyway, why not?

I apply same logic in my credit cards, I get ones with cash back...collect the cash back w/o paying interest because I pay it in pull every month. They pay me for using their service. Wink

Savik

full member

Activity: 364

Merit: 101

Quote from: Crankautist on October 31, 2017, 03:31:31 PM

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Well sure, but we are all trading the same coins. This incentive program drives trading volume into their exchange. As opposed to BitConnect where someone will be left holding the bag at the end.

Crankautist

member

Activity: 98

Merit: 10

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Poink

full member

Activity: 350

Merit: 122

Quote from: Savik on October 31, 2017, 03:25:10 PM

Quote from: cryptohunter on October 31, 2017, 03:14:50 PM

heard binance are trying to charge 150k usd listing fee? sounds extortionate to me.

I’d love to know what Bittrex charges. I’m sure it’s a lot more!

Wow if that is true then they are making a killing...both from listing and the trading/transfer fees! Shocked

Savik

full member

Activity: 364

Merit: 101

Quote from: cryptohunter on October 31, 2017, 03:14:50 PM

heard binance are trying to charge 150k usd listing fee? sounds extortionate to me.

I’d love to know what Bittrex charges. I’m sure it’s a lot more!

Poink

full member

Activity: 350

Merit: 122

Quote from: NeuroticFish on October 31, 2017, 03:00:27 PM

Quote from: Metros on October 31, 2017, 12:06:11 PM

https://www.kucoin.network/

Quote from: Metros on October 31, 2017, 01:36:27 PM

Register and see

First, this is a dirty trick. And I don't like it. This site sends the users to the exchange with your referral.
Second, I don't like the UI of kucoin. It is closer to Yobit UI than Poloniex. Polo still looks more professional.
And third, the number of coins exchanged is very small. How can you compare an exchange with 10-20 coins with something established and tons of coins?
No. The comparison doesn't stand. This is just a referral trick.

First there seem to be a misunderstanding, everyone can check it out without registering...they just can't trade.

They (KuCoin and Polo) are different models and as mentioned Polo is a veteran exchange, I used to love it and was my main exchange but I eventually left for Bittrex. Bittrex and Binance are my go to exchanges now. For me, KuCoin entered the picture recently due to RPX. I really wanted to buy that coin and I can only get it from KuCoin.

I am one of those who is taking advantage of their referral system (shown in my signature) ...no shame there but just because I believe the exchange has a future after reviewing it. I also bashed it here when they had problems but they corrected it and won me back.

Topic: Kucoin & Binance are the new Bittrex & Polo ? seems so. - page 8. (Read 2178 times)