Kucoin vs FTX...which one do you recommend? - page 2.

Joshapat

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Quote from: Thymoty on December 31, 2021, 12:20:49 PM

Quote from: zulfi125 on December 31, 2021, 11:23:42 AM

Kucoin and FTX have good features you can use both exchanges according to your requirements, Kucoin has supported almost all pairs and deposit withdrawals for many chains and trade without KCY and fast withdrawal as compared to FTX have required KYC for withdrawals and low fees for ETH and some networks no fees but not supported many networks.

Kucoin is not an exchange that requires KYC? I honestly have never used Kucoin but I am actively using FTX, and currently FTX has accepted many chain when withdrawing or depositing such as solana, tron, and erc.

I have a bad experience with Kuchoin, I have an account from 2018 and then the end of 2018 never logged in until the end of 2021 or about 3 years, still leaving several altcoins such as Monaco Card, Eth, and several Altcoins, when I check it now around $ 550, But when I was going to log in at the end of 2021 they block and ask for KYC, I complete KYC after successful and I can login it turns out zero balance, no history of deposit and withdrawal and the deposit address changes and the balance in the old wallet is moved.

RashidulIR

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Quote from: Iadegbola34 on June 22, 2022, 01:34:45 PM

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.

Iadegbola34

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I used them both. I tend to use kucoin for higher withdrawals and i use FTX more often because of lesser transaction fee compared to most other centralised exchange.

shushu9977

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At the present, FTX is an amazing exchange which is strong position. But, I use kucoin more than five years. Still, I believe and hold few coins in kucoin. There are many reasons for loving kucoin exchange. I am satisfied to trade kucoin and I love it because I trade my very first coin.

Fivestar4everMVP

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straight to the point, i prefer kucoin, for several reasons-
one is that ive never used FTX before, i dont even have an account there, though ive known the exchange since they launched, but am yet to find or have a reason to sign up there.
kucoin is a great exchange honestly, trading is easy, one can trade with any amount on like binance that minimum trading amount must be equal to or greater than $10, minimum deposit too is at its barest minimum, also withdrawals are sent almost immediately and minimum withdrawals too are small compared to some other exchanges like gate.io where minimum withdrawal is $50 and above.
like i said before, ive never tried FTX exchange, but with all things being equal, i prefer Kucoin exchange to FTX.

Oshosondy

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Quote from: BitMaxz on November 10, 2021, 03:15:06 AM

Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.

But this does not mean Kucoin is not a centralized exchange, they can decide to freeze customer coin or seize it or lock customer's account and tell customers to provide KYC documents. You are not wrong that some people can still use Kucoin to trade without being verified but Kucoin havs the ability to overide customers decision because it is still also a centralized exchange.

Quote from: Tomohisa on June 20, 2022, 12:42:20 PM

FTX is for future trading with a large amount of money. Kucoin is for trading any altcoins that aren't listed on Binance. The future trading on Kucoin is really bad, the indicator and function so confusing, not to mention the market volume is so little as well.

If true, FTX has high marketcap than Kucoin, that is one of the reasons, I have preferred Binance and OKX for future trading, I registered on FTX through the mobile app and it was a worst experience for me until I later decided to open OKX when I was looking for another alternative to Binance.

xSkylarx

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Quote from: gunhell16 on June 20, 2022, 08:56:34 AM

You mean, FTX have a lot of requirements before you can everify to their platform compared into kucoin in terms of submitting KYC?
if that's the case I will stay still into Kucoin even FTX was one of the big exchange platform at the moment.

FTX's KYC requirement is like bittrex verification, you need to write a paper what they ask and holding your ID on the other hand. I've tried doing it once but they did not accepted it so I did not bother to do it again. I just use their platform when I need ETH because the withdrawal fee there is very low.

As for Kucoin, they have many potential coins that is good for long term that is not listed yet on binance and as far as I know there are the second reputable exchange apart from it. Their customer support is also responsive, it only takes an hour for them to reply to your query.

Tomohisa

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FTX is for future trading with a large amount of money. Kucoin is for trading any altcoins that aren't listed on Binance. The future trading on Kucoin is really bad, the indicator and function so confusing, not to mention the market volume is so little as well.

Plaguedeath

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Quote from: ningrum on June 20, 2022, 08:42:20 AM

Kucoin vs FTX?, very interesting, what is clear is that FTX users and Kucoin users will definitely compete in this thread hehe,
I'm a Kucoin user and I think of course it's still very comfortable to trade, but if it's a security issue I think FTX still wins,
because we know Kucoin has been hit by a hacker attack.

If the exchanges haven't suffer any attack yet, that's doesn't mean the security is 100% safe and there's no vulnerability on those exchanges. Many exchanges didn't get hacked yet and many exchanges do get hacked, big or small exchanges have a same potential to get hacked.

gunhell16

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Quote from: 9thsky on November 10, 2021, 12:12:38 AM

And why?

FTX is new to my ears, and even for now if this exchange is much cheaper than Kucoin, I remain to use kucoin
rather than the new one. Why? maybe because kucoin is almost closed to binance, and one of the top exchange in the market
as well. And for the time I am using it, all of them are good experienced to me even buying coins into Kucoin platform.

Quote

Ftx is big exchange and they have done lot to improve their exchange. Especially if we talked about fee than Ftx is best choice. But Ftx kyc system is not easy. You should provide passport+ bill to verify and after then you will be able to deposit and withdraw. Similary we missing new coins in Ftx .
Kucoin kyc system is easy and everyone can buy,sell,withdraw without kyc. New coins are available here. I will recommend Kucoin.

You mean, FTX have a lot of requirements before you can everify to their platform compared into kucoin in terms of submitting KYC?
if that's the case I will stay still into Kucoin even FTX was one of the big exchange platform at the moment.

ningrum

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Kucoin vs FTX?, very interesting, what is clear is that FTX users and Kucoin users will definitely compete in this thread hehe,
I'm a Kucoin user and I think of course it's still very comfortable to trade, but if it's a security issue I think FTX still wins,
because we know Kucoin has been hit by a hacker attack.

SaveOurSea

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Quote from: BobK71 on June 19, 2022, 11:13:06 PM

From my point of view, both exchanges are user friendly. Both of the two exchanges have more similarity than differences in their features. Which one they will accept depends on the preferences of the users. However, between the two exchanges, the FTX has a comparative advantage over the NFT marketplace. If users pay attention to this issue then they can accept FTX.

Overall I agree with you because both exchanges are not only user friendly but also trusted exchanges.
so there's no need to hesitate with both and it all depends on each other's tastes,
The most important thing is that both exchanges have quite complete features

GatotKaca

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I don't use either exchange very often myself. but judging by the friendliness of the transaction fees that FTX provides, I like it. although now the use of Ethereum transfer fees is also not as cheap as it used to be. but instead of Kucoin, I think FTX is still the best.
all platforms have advantages and disadvantages. as well as FTX and Kucoin. that's what makes traders and investors choose the most convenient place for them.

BobK71

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From my point of view, both exchanges are user friendly. Both of the two exchanges have more similarity than differences in their features. Which one will accept depends on the preferences of the users. However, between the two exchanges, the FTX has a comparative advantage over the NFT marketplace. If users pay attention to this issue then they can accept FTX.

libert19

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Kucoin cause they reimbursed the funds when they were hacked.

Munir575

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Kucoin exchange has been in operation for longer than FTX exchange it was founded in 2017, whereas FTX was only launched in 2019. In terms of interface they both look good, but Kucoin wins because it is not as densely clustered as FTX. But a nice interface alone won't sway your decision, so I'd go so far as to say that FTX outperforms Kucoin in terms of both Taker and Maker fees, and it also has lower withdrawal fees.
Kucoin offers spot and margin trading as well as loan services and trading bots. FTX is a cutting-edge cryptocurrency derivatives exchange that offers a wide range of coins and contract types. Kucoin offers low-cost access to a wide variety of established and new coins.

Furious 7

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Quote from: Crypto Library on January 02, 2022, 11:10:19 AM

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 .

I just withdrew ETH with gas, this fee of 0.001 is very cheap from other exchanges and for withdrawal of other coins such as Bitcoin, tron, usdt, BNB it is free, it is not used normally, so FTX is a solution where they are looking for convenience with no fees except ETH.
That's right, I can't compare these two centralized exchanges I use them for day trading and as minimal as possible I'll look for one with low withdrawal fees.

Crypto Library

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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 .

MFahad

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Ftx is big exchange and they have done lot to improve their exchange. Especially if we talked about fee than Ftx is best choice. But Ftx kyc system is not easy. You should provide passport+ bill to verify and after then you will be able to deposit and withdraw. Similary we missing new coins in Ftx .
Kucoin kyc system is easy and everyone can buy,sell,withdraw without kyc. New coins are available here. I will recommend Kucoin.

martina14

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Quote from: 9thsky on November 10, 2021, 12:12:38 AM

And why?

In terms of submitting personal documents Kucoin is much more better than FTX, due to I have been using for more than 1 yr this platform and yet I can able to make a transaction without submitting my KYC, unlike in FTX they're not doing the same thing just like in KUCOIN, that is why I chose it.

Topic: Kucoin vs FTX...which one do you recommend? - page 2. (Read 613 times)