Binance is one of the most popular exchangers now. We are all familiar with it. We see that everyone is transacting through this finance. The reason is that it is very secret. It is very good. I use it because I think it's safe for me
There are many other exchangers like Binans, they are used but they are not used much because all the transactions are done.
Topic: KuCoin vs Binance (Read 2310 times)
Because I use both, for me I find it hard to separate two reputable exchanges that have existed for a long time & and because both have their own strengths I want to believe they complement each other and not really rivals which should be a good thing.
But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.
I think that it's more of a preference rather than anything else because it's not like they differ entirely, and it's not a lot of people that's using these exchanges that specifically use a feature exclusive to each of them. I use Binance but I am open to use KuCoin although I don't have a lot of money and crypto to go around so I don't have any big reason to switch or use both. But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.
I think KuCoin dont have a SAFU, or the size of their fund is very low. Because when they got hacked in September 2020 and $281 million worth crypto was stolen, it took them only 2 months to open deposits and withdrawals. And it took some extra time to return funds to users. But with Binance SAFU, if I understood it correctly, the exchange would continue full work even during investigation.
Because I use both, for me I find it hard to separate two reputable exchanges that have existed for a long time & and because both have their own strengths I want to believe they complement each other and not really rivals which should be a good thing.
But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.
But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.
I don't know if kucoin has something like SAFU, an insurance for their customers. Which binance has.
I am also using kucoin in some of my trades but haven't checked about their insurance offering.
The good thing in both of these exchanges is they have very good liquidity so it is easy to fill your orders.
Though some don't want to fill-up with KYC, the reason why they are choosing kucoin.
However, I believe it is only a matter of time and kucoin will also ask KYC from all their customers.
Because I use both, for me I find it hard to separate two reputable exchanges that have existed for a long time & and because both have their own strengths I want to believe they complement each other and not really rivals which should be a good thing.
But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.
But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.
Binance and Kucoin are both exchanges with large trading volumes and both have been the best exchanges so far, I have previously used Binance exchange for trading and withdrawals but after Binance was asked to verify identity information (KYC) for its users and I finally decided to switch to Kucoin exchange because I don't want to risk my personal information.
Many people would like to keep themselves anonymous and they don't prefer for having a KYC and its nothing wrong with it one of the exchanges suitable for them is the Kucoin also even though you dont have a KYC you can access their good feature security like 2FA too. But of course, people would like to choose the known and reputable exchange already so most of the newbies and newcomers prefered the use of Binance over the Kucoin. Also, is crypto.com another good exchange too.KYC is something that most of us allergic on because men this is cryptos and we used to know cryptos as a decentralized currencies right? Thankfully there are exchanges that do not force people to do kyc and yet experience a good service. No doubt that crypto .com is also a trusted one after these two.
One of the things I like most about Binance is Binance. I use Binance because I think it's safer. I don't use KuCoin much. I do all the transactions in Binance. I think Binance is safe.
Binance and Kucoin are both exchanges with large trading volumes and both have been the best exchanges so far, I have previously used Binance exchange for trading and withdrawals but after Binance was asked to verify identity information (KYC) for its users and I finally decided to switch to Kucoin exchange because I don't want to risk my personal information.
Many people would like to keep themselves anonymous and they don't prefer for having a KYC and its nothing wrong with it one of the exchanges suitable for them is the Kucoin also even though you dont have a KYC you can access their good feature security like 2FA too. But of course, people would like to choose the known and reputable exchange already so most of the newbies and newcomers prefered the use of Binance over the Kucoin. Also, is crypto.com another good exchange too.
It is as yet a long ways behind, all things considered. Binance clients have become colossally throughout recent months, as Bittrex isn't tolerating new clients. When tracking down a trade to utilize I generally check out the volume on that trade, so as I would see it binance is still better compared to kucoin.
Binance and Kucoin are both exchanges with large trading volumes and both have been the best exchanges so far, I have previously used Binance exchange for trading and withdrawals but after Binance was asked to verify identity information (KYC) for its users and I finally decided to switch to Kucoin exchange because I don't want to risk my personal information.
Many people would like to keep themselves anonymous and they don't prefer for having a KYC and its nothing wrong with it one of the exchanges suitable for them is the Kucoin also even though you dont have a KYC you can access their good feature security like 2FA too. But of course, people would like to choose the known and reputable exchange already so most of the newbies and newcomers prefered the use of Binance over the Kucoin. Also, is crypto.com another good exchange too.
Kucoin is a great exchange but Binance is more better then Ku-coin. kucoin is controlled by bot. If you sell a token there, you can't easily sell it at a fair price. If you place an order, the bot will immediately drop your order. But Binance is totally smooth to use and trading. Here you will able to sell your crypto-currency for a fair price and it will instantly. Binance exchange totally controlled by human like you. But here binance have a problem recently. Binance must need kyc verification. But Cu-coin you can still use without Kyc verification.
Binance and Kucoin are both exchanges with large trading volumes and both have been the best exchanges so far, I have previously used Binance exchange for trading and withdrawals but after Binance was asked to verify identity information (KYC) for its users and I finally decided to switch to Kucoin exchange because I don't want to risk my personal information.
He just said that you can withdraw but cant trade if you do not comply to KYC and for the KYC to be done again when withdrawing higher funds, that is normal and happens to with other exchanges. Normally exchanges like this has a different set of benefits depending on the level of your verification.
Do you think it's normal process if you have to KYC more than once for withdrawals just over $5000, I mean do KYC in the same way only for the act of increasing the withdrawal limit. Due to this weakness, binance reportedly lost 3% of its customers due to mandatory KYC, some traders prioritize their anonymity to avoid anything related to KYC.It's a bitter fact but on a good centralized exchange that has good liquidity, you will have to do the KYC. There are a number of reasons for this. The exchanges have to comply with the government regulations and also they do not want to be involved in any sort of money laundering act.
If anyone wants to trade on the KYC free platform, then the dex are the best option. You can trade on uniswap for ethereum based tokens or on pancakeswap for bsc based tokens. However, the dex experience is not much mature at the moment. There is no future trading, margin trading on these decentralized exchanges.
Higher volume make us easy for selling and buying coin will filling faster although with limit order, I think Binance coin listing always have much volume transaction but right now have new rule without passing KYC you can't trade and withdraw coin on bincne, but have weakness with Binance when you try withdraw above $5,000 always ask KYC again although you have did before, I see many complaint on group channel they need to pass KYC when withdraw bigger amount.
He just said that you can withdraw but cant trade if you do not comply to KYC and for the KYC to be done again when withdrawing higher funds, that is normal and happens to with other exchanges. Normally exchanges like this has a different set of benefits depending on the level of your verification.These are the pros and cons between kuckoin and binance. Better if we identify first if which exchange suites us before making a deposit so that we do not waste time and money. Currently myself do not use either of the two but I have been using a local exchange instead as they are more easier to use and I can convert my cryptos to our local currency directly.
Binance and Kucoin are much more popular nowadays. There are many reasons for this, these two exchangers are much more trusted. I have been using Binance & Ku coins ever since I came to this cryptocurrency. But trading volume is higher than that of Ku Coin. And when I buy a token, I buy it at Binance. Because there is less chance of damage.
Binance has a higher volume and they've made KYC mandatory for all of their users, if you're registered and you've got funds there, you have to pass the kyc as they mandated it.If not, you're not able to trade but you can withdraw your funds. You're only allowed to withdraw but they've removed the feature trading for unverified accounts.
Whilst in kucoin, you're still free and no need for kyc.
We all want a higher volume exchange for an easy liquidity and with these two, we can guarantee that. Is that for sure about binance? I haven't withdrawn that much yet there.
When it comes to higher amount of withdrawals, I think each exchange has their mechanism when it has become an activity that they're not used to with your account.
Binance and Kucoin are much more popular nowadays. There are many reasons for this, these two exchangers are much more trusted. I have been using Binance & Ku coins ever since I came to this cryptocurrency. But trading volume is higher than that of Ku Coin. And when I buy a token, I buy it at Binance. Because there is less chance of damage.
Binance has a higher volume and they've made KYC mandatory for all of their users, if you're registered and you've got funds there, you have to pass the kyc as they mandated it.If not, you're not able to trade but you can withdraw your funds. You're only allowed to withdraw but they've removed the feature trading for unverified accounts.
Whilst in kucoin, you're still free and no need for kyc.
I think both are good but from my point of view I want to keep Binance one step ahead. I like Binance based on all aspects of it, especially security and other new features. Kucoin is also a good exchange among all others and if we look at the ranking then you will see that Binance is the top position in the world crypto currency exchange.
both are indeed very good exchanges. in fact, in my opinion, it is the exchange with the top position. So far, I've used both. however, since Binance requires KYC, I tend to use Kucoin more often than Binance. well, as we know that Kucoin currently still allows its users to trade without KYC verification, so I think for people who do KYC on binance, it would be better to make transactions on Kucoin. 
Binance and Kucoin are much more popular nowadays. There are many reasons for this, these two exchangers are much more trusted. I have been using Binance & Ku coins ever since I came to this cryptocurrency. But trading volume is higher than that of Ku Coin. And when I buy a token, I buy it at Binance. Because there is less chance of damage.
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So I've been doing some research on this topic.
Personally, I prefer KuCoin, since their UI looks really nice and I like the KCS bonus (I referred myself
) Also they add the new currencies faster.
What are your thoughts on this?
Some links I found:
https://coinanalysis.io/kucoin-vs-binance/
https://cryptofastlane.com/blog/kucoin-vs-binance-exchange-kucoin-better-binance-best-cryptocurrency-exchange/
This is are great exchanges and for me, it's a bit hard to say which I like better cus I clearly like them both, I've used binance alot of times but I think I've used kucoin much more due to the fact they have more coins listed than binance, one area which I must say that binance beat kucoin for me is that binance supports peer to peer trading in my country and also have my local currency list on the platform, but aside this, I would have choosed kucoin cus of their diversity. Personally, I prefer KuCoin, since their UI looks really nice and I like the KCS bonus (I referred myself
) Also they add the new currencies faster.What are your thoughts on this?
Some links I found:
https://coinanalysis.io/kucoin-vs-binance/
https://cryptofastlane.com/blog/kucoin-vs-binance-exchange-kucoin-better-binance-best-cryptocurrency-exchange/
I am using both exchanges. Interface, security, withdrawal, and deposit systems are almost the same. Both verify the user correctly before withdrawing funds. Almost everything is the same, there is a little bit difference that is in trade history. Binance has an advanced trade history page. For me, both are best but Binance is great.
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