Topic: Kucoin vs FTX...which one do you recommend? (Read 613 times)
Recently I looked at this topic of analysts from AMarkets, they made quite a good comparison, which allows us to draw conclusions. So if you're interested, you can search.
You are right that the fee of FTX Exchange is much less than all other exchanges. All exchanges carry USDT TRC20 withdrawal Fee 1 dollar and above and FTX EXCHANGE withdraws it for free.
Also, FTX allows you to buy as low as $1 worth of some coins unlike the other top exchanges. Basically, FTX seems to be the cheapest exchange to use for buying and selling cryptos.
The fact is that Binance is better than both of them, which begs the question, why pick one of these? What could be the reason to compare these two together? I have to say that the best thing we could do right now would be picking the best exchange, if not then why pick these two?
There are hundreds of exchanges out there, and the idea to pick binance means that you picked the best one and I can see that and understand why someone would do that, but if not then I wouldn't limit it to these two. I love coinbase, I love kraken, I love a few others as well, those are good too? Do not limit yourself to these two, that would not make any sense at all.
There are hundreds of exchanges out there, and the idea to pick binance means that you picked the best one and I can see that and understand why someone would do that, but if not then I wouldn't limit it to these two. I love coinbase, I love kraken, I love a few others as well, those are good too? Do not limit yourself to these two, that would not make any sense at all.
I prefer Ftx because of its cheaper withdrawal fee. And u don't actually need kyc to trade.
Using kucoin is complicated at times because thier maintenance takes time to get complied. Apart from that. The KYC needs to be done to be able to use to platform well and there are specified documents to be accepted for kyc.
I've tried done kyc on kucoin several times with my government ID. But it was rejected.
I used same ID on FTX and it was accepted.
Using kucoin is complicated at times because thier maintenance takes time to get complied. Apart from that. The KYC needs to be done to be able to use to platform well and there are specified documents to be accepted for kyc.
I've tried done kyc on kucoin several times with my government ID. But it was rejected.
I used same ID on FTX and it was accepted.
And why?
I will not compare them Because I use both of them when I need them. Generally I used FTX for low gas fee and no kyc but recently I saw some topics that ftx want verification (kyc) . Even then people can use it for low gass fee .
On the others hand ku-coin is famous as the alternative for the Binance. Also it ask for partial KYC. So I will not compare them i will Use them whenever I need them.
If you're into tokenized stocks, then FTX is for you. However, if you are not into the KYC thing and would like to trade with decent deposit and withdrawal limits while being unverified, the perhaps Kucoin is for you.
Exactly. And FTX has a chaper fee when it comes to eth transfer. I've been using kucoin for years and FTX since last year and both works just fine and also I really like their user interface and all. Still, if you don't want to do the KYC then Kucoin it is. But since kucoin has been here for a lot longer than FTX so I can see why a lot of people prefer kucoin, but FTX is also a really good exchange.
If you're into tokenized stocks, then FTX is for you. However, if you are not into the KYC thing and would like to trade with decent deposit and withdrawal limits while being unverified, the perhaps Kucoin is for you.
To be honest, I don't really like these comparisons. It should be understood that each currency has its own characteristics, and as a result, it can bring money in different ways.
And why?
To be honest I only heard about FTX after they partnered with Esports organisation, TSM. Before that I didn’t know that any exchange named with FTX existed.
If you listen to me OP, then I would suggest you to go with KuCoin. The main reason for it is due to the existence in the market for a longer period of time.
I have also heard that people says after Binance Kucoin is the best exchange for crypto.
If possible OP, give a shot to Binance also, and I am sure you won’t regret it.
Rest is up to you to choose which exchange you will use for trading.
FTX:
KuCoin:
This is true. Most of people use FTX for low gas fee. FTX charge real time transcation fees for Ethereum network. They haven’t any satisfied fees for ETH withdrawal like another exchanger. FTX charge like personal wallet for Ethereum network. That's why FTX is very popular with us. On the other hand Ku-coin is similar like Binance. this exchange also must trusted and user-friendly. - Cheap/free withdrawals, capped at $2000 per day without KYC
- A bit more regulatory friendly, probably a lot less likely to get pursued by the authorities
- Overall great reputation
KuCoin:
- Existed longer
- Far higher withdrawal limits
- Probably somewhat close to Binance in terms of the likeliness of them pissing off the regulators
I think kucoin and FTX both are fantastic exchanger. I am using both exchanger. But i preferred kucoin because it’s kyc verification system and transaction are very easy and smooth from FTX. For trading, diposit and withdraw no mandatory kyc in kucoin but recently ftx did mandatory so i think kucoin is best and i would like to recommend for kucoin.
i use FTX more often because of lesser transaction fee compared to most other centralised exchange.
You are right that the fee of FTX Exchange is much less than all other exchanges. All exchanges carry USDT TRC20 withdrawal Fee 1 dollar and above and FTX EXCHANGE withdraws it for free. Kucoin Exchange is much better Exchange and Kucoin has no shortage of opportunities.Because, what I know is the fee that I pay last time is much lesser than a dollar but I use a different crypto not stable coin. On the other exchange, I tried to check their fee for withdrawing usdt and I am shocked that it was too much but I think that is understandable since eth fees are also bloated but for trc20 and other more lighter chains, they should the cut the fees out.
They both don't require KYC.
Sorry but maybe your information is a bit outdated so I want to correct this information, now FTX is asking for KYC verification, for FTX I worked on it for a period of time and withdraw several times without KYC verification but this changed now and it is mandatory to complete KYC C to trade or withdraw on FTX, Kucoin you can deposit and trade but daily withdrawals are limited to users who have not completed KYC verification.
And why?
I use FTX more often. Both are top exchanges, with Kucoin having a better User interface, but FTX beats it when it comes to withdrawal fees. I wasn't able to pass KYC on Kucoin. Something that's rather strange. It's one of the few exchanges that restrict my country, alongside Bittrex. That's why I rarely use it in case one day they decide to block my account on grounds of location.
I used both of them, I even wrote articles about them as well, in detail as well because I had to use them to write it. I can easily say that Kucoin is the better one overall, it has been around for a while and they have done a good job with security as well even if there were a bit of problems.
I use Binance because it is the best out of them all, and I like it, but that doesn't mean that I dislike any other ones, they are both fine. In fact, Kucoin is the better one, but I can't say much about FTX as a bad one neither, they are a good one too, just not as good as Kucoin. Also FTX may have got the mailing list hacked or something, because you get a ton of fake spam mails "from ftx" after a while, pure phishing.
I use Binance because it is the best out of them all, and I like it, but that doesn't mean that I dislike any other ones, they are both fine. In fact, Kucoin is the better one, but I can't say much about FTX as a bad one neither, they are a good one too, just not as good as Kucoin. Also FTX may have got the mailing list hacked or something, because you get a ton of fake spam mails "from ftx" after a while, pure phishing.
Kucoin and FTX are both top exchanges, so why should we discuss it? obviously each user has their own favourites,
if a trader who often uses Kucoin of course will be his choice, and if a trader uses FTX in trading of course FTX is a good choice,
I myself am an FTX user, and of course the reason is that FTX is very safe and the service provided is also very comfortable, so there is no doubt
if a trader who often uses Kucoin of course will be his choice, and if a trader uses FTX in trading of course FTX is a good choice,
I myself am an FTX user, and of course the reason is that FTX is very safe and the service provided is also very comfortable, so there is no doubt
They both don't require KYC.
I don't like FTX with their UI and on FTX, you will have less trading pairs than on Kucoin exchange.
Kucoin exchange has better UI than FTX but they don't waive fee like FTX did when transaction fee on Ethereum network was very high last year. I did not check but I guess you will have lower trading fee and withdrawal fee on FTX.
I choose Kucoin because of their UI, more trading pair. I think a little bit cheaper fee does not a problem with me, and not is a reason why I have to use FTX.
I don't like FTX with their UI and on FTX, you will have less trading pairs than on Kucoin exchange.
Kucoin exchange has better UI than FTX but they don't waive fee like FTX did when transaction fee on Ethereum network was very high last year. I did not check but I guess you will have lower trading fee and withdrawal fee on FTX.
I choose Kucoin because of their UI, more trading pair. I think a little bit cheaper fee does not a problem with me, and not is a reason why I have to use FTX.
In my opinion it depends on the situation . I mean FTX and Kucoin both are good centralised exchanger after Binance. I used both , for lowest gass fee in erc-20 I used FTX and on the others side for lowest trading limit.
Both are good .
Both are good .
At a time when the cost of gas in the Ethereum network reached hundreds of dollars, I used FTX more often, since this exchange provided one free withdrawal in the Ethereum network. But nevertheless, I use Kucoin for daily trading, in addition, the presence of additional services that are not available on FTX is also an additional bonus.
network then this platform do really save you up but although im not really making eth transactions most of the time and do stick out commonly with bitcoin and other which i do seldom make use of other
exchange which means that KUCoin is mostly been suggested in terms of trust and reliability and it is indeed true that there are features which are present on Kucoin which you cant find in Ftx.
At a time when the cost of gas in the Ethereum network reached hundreds of dollars, I used FTX more often, since this exchange provided one free withdrawal in the Ethereum network. But nevertheless, I use Kucoin for daily trading, in addition, the presence of additional services that are not available on FTX is also an additional bonus.
That's a good option I also use the FTX exchange when ETH gas soars so the best solution when I want to send ETH for free, but I won't be able to trade daily from the FTX exchange somehow this exchange is quite slow and a bit heavy when trading or converting even though all in all it's quite different from the lighter Kucoin exchange so this is my day trade over FTX.So is there anything in common when trading on FTX is a bit heavy?
In my opinion it depends on the situation . I mean FTX and Kucoin both are good centralised exchanger after Binance. I used both , for lowest gass fee in erc-20 I used FTX and on the others side for lowest trading limit.
Both are good .
Both are good .
At a time when the cost of gas in the Ethereum network reached hundreds of dollars, I used FTX more often, since this exchange provided one free withdrawal in the Ethereum network. But nevertheless, I use Kucoin for daily trading, in addition, the presence of additional services that are not available on FTX is also an additional bonus.
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