Topic: Kucoin vs FTX...which one do you recommend? (Read 619 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.
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.
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.
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.
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.
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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.
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.
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.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. 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.
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.
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.
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. 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.
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.
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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.
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.
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.
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.
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
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.
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.
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.
Kucoin cause they reimbursed the funds when they were hacked.
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.
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.
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.Both are good .
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.
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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 .
Both are good .
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.
Kucoin kyc system is easy and everyone can buy,sell,withdraw without kyc. New coins are available here. I will recommend Kucoin.
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.
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. 
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.
I think FTX is not as safe as Kucoin
lolYou are a newbie here. So it's normal to get some replies like this.
Kucon is the old exchange and they are big right now. People trust them and they have good volume. I am also a user of Kucoin but when you compare with FTX about safety. I would say, Ftx is also a great exchange. Did you check their total volume? CZ Binance is also like FTX exchange. I have seen, A lot of traders believe FTX exchange is the competitor of Binance(Where Binance is the world largest Crypto exchange)
I am using FTX exchange regularly and still, now I am fine with this. Their security system is very strong and what I know is: There is no hack occurring still now. If you don't want to use FTX, It's fine. But don't try to spread Rumors here.
Here, in fact, for what purpose will you enter these exchanges, in my opinion it is not very comfortable to trade altcoins paired with bitcoin on the cookie exchange, due to rather large withdrawal commissions from the exchange, I recently wanted to withdraw Sheba, so there was such a commission that I was already horrified.
I think FTX is not as safe as Kucoin
Trust rating, Kucoin is an old exchange so yeah, that will be my pick. It's in my second best exchange list because I never had a problem with them. Regarding FTX, it's the first time I heard about it and that will be a problem because he is comparing it with one of the trusted exchange. It may have a better feature now because of being new but I'll stay with something I trust more to avoid future problems.
Binance is still my number 1 though as long as my altcoins are listed in it and also never had an issue about anything.
I think FTX is not as safe as Kucoin
First, I've never used FTX so I can't really compare the two. However, I use Kucoin on a regular basis and have recommended them to friends for a long time now. Others have said fees are slightly lower on FTX and that might be true, but Kucoin has a solid name/reputation and is a very well established exchange. They also have some great bonuses (for holding KCS, referring people..etc) and from my experience (having been mostly a small Coinbase user before going to Kucoin), the fees are much better on Kucoin than on Coinbase. I can't say for sure that Kucoin is better than FTX because I've never used FTX, but I can say Kucoin is a great exchange and they are my personal preferred option.
I never had issues with FTX. Some people complained in the past about outages during rapid market moves however I never had that issue with FTX. Whether using the app or site.
The withdraw options are great because you can get free withdraws pretty much. Which is very rare these days. So since they are letting you withdraw for free it means they value their customers instead of charging for withdraw fees. Gemini is another great exchange with free withdraws.
If I am not wrong, To get a free withdrawal service need to hold some FTT at FTX exchange. I am also using FTX exchange and most of the time I withdraw BTC from this exchange because of the Zero withdrawal fees. Ethereum withdrawal fees are also 50% less compared to other exchanges. The withdraw options are great because you can get free withdraws pretty much. Which is very rare these days. So since they are letting you withdraw for free it means they value their customers instead of charging for withdraw fees. Gemini is another great exchange with free withdraws.
I use this exchange, But android apps are not user-friendly to mine. So why do most of the time I like to use Binance or Kucoin exhcange?
I never had issues with FTX. Some people complained in the past about outages during rapid market moves however I never had that issue with FTX. Whether using the app or site.
The withdraw options are great because you can get free withdraws pretty much. Which is very rare these days. So since they are letting you withdraw for free it means they value their customers instead of charging for withdraw fees. Gemini is another great exchange with free withdraws.
The withdraw options are great because you can get free withdraws pretty much. Which is very rare these days. So since they are letting you withdraw for free it means they value their customers instead of charging for withdraw fees. Gemini is another great exchange with free withdraws.
Kucoin exchange has been around longer than FTX exchange; it was founded in 2017, whereas FTX came out last two years, which is 2019. As for the interface, they both look nice, although I would give it to Kucoin, because it not much clustered like FTX. But a nice interface is enough to make your decision, so I would go further to add that FTX beats Kucoin when it comes to both the Taker fees and the Maker fees, and also it charges lower withdrawal fees than Kucoin.
If you’re interested in advanced trading, FTX might be for you, because they offer forex, futures, leveraged tokens, and volatility products. So there is a lot on there. But their withdrawal for Non-KYC users is capped at $2000 which is quite small, compared to Kucoin.
If you’re interested in advanced trading, FTX might be for you, because they offer forex, futures, leveraged tokens, and volatility products. So there is a lot on there. But their withdrawal for Non-KYC users is capped at $2000 which is quite small, compared to Kucoin.
And why?
If you are a versatile trader who likes to trade a lot of coins and find hidden gems to invest in, then Kucoin is a much better choice for you, Kucoin gives you tons of coins and some decent volumes in most of them, even though most of it is derived from AMM but anyways, FTX on the other hand, has limited coins but has very good volumes in all of them, primarily because they are just the top coins, moreover FTX brings a lot of derivatives for you, which is not the case in Kucoin. Even though all crypto exchanges have some allegations against them but if you would tell me to compare them, FTX has somewhat a better name & reputation for itself than Kucoin, but Kucoin is older than FTX so that sort of balances the game.
I like kucoin but kucoin kyc is not supported in our country and i usually Binance ,Mexc amd Ftx.
I like Ku coin due to its daily Events amd Airdrops. They offer many events and their volume is very high. All best project listing here.
Ftx fee us very low and i use this for Etherium withdraw only.
I like Ku coin due to its daily Events amd Airdrops. They offer many events and their volume is very high. All best project listing here.
Ftx fee us very low and i use this for Etherium withdraw only.
I do not feel familiar with FTX but I am familiar with KuCoin. Both FTX and KuCoin are good exchanges so that you can register on both exchanges. As I see a reply about verification on FTX with applying a new policy, you need to verify your account in both exchanges. If you do not want to verify too much, you can use FTX but the withdrawal limit will not be too big as KuCoin. Each exchange will have advantages and disadvantages and that will depend on yourself, which exchange you can feel comfortable trading.
Both exchange are good for trading and investing your assets but I think Kucoin have many option as trading new altcoin exactly when listing primer altcoin can reach higher price more than 200%. I still use FTX just when to convert or need ETH for fee swap on Uniswap or try to sent ERC20 coin because withdrawing on FTX as lower fees than other exchange market, better you use all exchange market because when have chance to buy coin before listing on one market you have chance at other exchange market.
Both are good platform mate wherein it's up to you which do you preferred base on their features as well . for example if you like without kyc or which is more reliable and worth it to use in your country.. By the way if i were you make research instead because for sure it can help you to choose which is good for you.
And why?
Most of the time I like to use kucoin. I am using Kucoin since the beginning of the Kucoin exchange and still, now everything is fine for me. Easy to use, Very user-friendly mobile app and strong security make Kucoin popular. I use Kucoin to trade most of the GEM. A lot of new altcoins get listed at Kucoin and as an altcoin trader, I like to use kucoin for this. They have overall good volume and liquidity. I also use kucoin to use the free robots, That is very easy to use and good for long-term investment.I have also an account at FTX exchange, But I am not a heavy user of this exchange. I am holding a few FTX there and took the privilege of free BTC withdrawal. Whenever I need to withdraw BTC, I use FTX exchange because there is no charge for me to withdraw Bitcoin. I am holding a good amount of FTX coins for a long time. I strongly believe FTX coin will be like BNB coin and FTX is a good competitor of Binance also.
Both of them are good and reputable exchange platforms but they had pros and cons to each other.
If you reside in the US, you can't use FTX it's better to switch to Kucoin.
If you want to use Wire transfer, Kucoinisn't supported but in FTX, you can.
And the last thing is if your purpose is trading, I will recommend using Kucoin because they had supported more or less 480 + coins, while on the other hand FTX, only supported 100 + coins which is surely the trading volume isn't good if you're a trader.
The comparison was stated above and I think OP now can decide which exchange is suitable to use.
If you reside in the US, you can't use FTX it's better to switch to Kucoin.
If you want to use Wire transfer, Kucoinisn't supported but in FTX, you can.
And the last thing is if your purpose is trading, I will recommend using Kucoin because they had supported more or less 480 + coins, while on the other hand FTX, only supported 100 + coins which is surely the trading volume isn't good if you're a trader.
The comparison was stated above and I think OP now can decide which exchange is suitable to use.
Kucoin is exactly better for me personally because of it trust.
But FTX is also a reputable exchange. Moreover fees that are offered in FTX and also the withdrawal minimum numbers are lower enough lower than Kucoin.
I commonly use FTX if I need to get any gas fees to send to my walletm but for trading, I am using Kucoin.
Ensure that it is better to depend on your own habits and comfort in using each exchange. Additionally someone may still have higher lucks or chances to take profits in several exchanges.
But FTX is also a reputable exchange. Moreover fees that are offered in FTX and also the withdrawal minimum numbers are lower enough lower than Kucoin.
I commonly use FTX if I need to get any gas fees to send to my walletm but for trading, I am using Kucoin.
Ensure that it is better to depend on your own habits and comfort in using each exchange. Additionally someone may still have higher lucks or chances to take profits in several exchanges.
FTX:
KuCoin:
- Active since 2019 with fewer supported cryptocurrencies
- FREE/withdrawals fees relatively low
- No (or low level) KYC with Overall great reputation
- Low Trading Volume
KuCoin:
- Active since 2017 with a high number of supported cryptos
- Far higher withdrawal limits
- Apparently, Kucoin had hacked history pretty badly
- High Trading Volume
Personally I use both, to cover some pairs that are not available from either FTX or from KuCoin. To be honest, a lot of people have been avoiding Binance lately if they have started to be friendly with KYC rules which are quite layered. Both can use applications on mobile and if you refer to low costs of course FTX is the one I recommend the most. Use it according to your needs where there is a cheap method and cost, so that's the choice.
And why?
Both exchanges have their respective advantages and disadvantagesthe drawback of binance is that WD fees are more expensive than FTX while the drawback of FTX is that it doesn't have a complete coin pair compared to Binance
Now all you have to do is choose which one suits your needs
...I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.
I have registration on both exchanges and use each exchange to perform individual tasks. Since I keep the FTX exchange coin in the staking, I have one free withdrawal per day to the ERC-20 network and I use it if necessary. Ku coin is used by me only to buy new coins.
I recommend both are best and and both have a great feature but koucoin not available in some country as legal so that's why some not using this but if we see as a trading setup koucoin is a best choice
I have an account on both exchanges. I already them both.
But I started not to use Kucoin and started to use FTX Exchange. FTX Exchange is a very easy to use the exchange, cheap transaction fees especially if you stake some of FTT tokens, free withdrawals for some asset, especially on ERC20 tokens or Ethereum.
But I started not to use Kucoin and started to use FTX Exchange. FTX Exchange is a very easy to use the exchange, cheap transaction fees especially if you stake some of FTT tokens, free withdrawals for some asset, especially on ERC20 tokens or Ethereum.
I've been using the Kucoin exchange for a long time without KYC and it runs without any problems it's become a very popular exchange so for me Kucoin and FTX are definitely different but from what I've experienced Kucoin is still better.
I've done 2x transactions on FTX and it's also easy, lower withdrawals, especially my TRX is free, the withdrawal is normal, but with the OP who wants to withdraw fiat money, what I know is that it must meet KYC requirements and depending on which country supports fiat money that.
I've done 2x transactions on FTX and it's also easy, lower withdrawals, especially my TRX is free, the withdrawal is normal, but with the OP who wants to withdraw fiat money, what I know is that it must meet KYC requirements and depending on which country supports fiat money that.
And why?
FTX and Kucoin both exchange are centralized exchange but compared between two I support Kucoin the best. Kucoin the most important and popular centralized exchanges after Binance exchange. It all time launched high quality projects. 
I will pick the exchange where the fees are lower especially withdrawal fee so in that case FTX seems to have less fee structure so I will go for it and I expect FTX will become one of the biggest crypto exchange like Binance in very short time because I am observing their advertising strategy which is reaching everywhere now.
currently most likely in ftx exchange i see low fees in withdrawal even though i have seen a article which is published ftx website,this exchange no fee needed to withdraw minimum 0.01 btc, and 2 blockchain confirmation in top various token transaction. unlikely their advertisement not aggressive because not much people heard this exchange still.
I will pick the exchange where the fees are lower especially withdrawal fee so in that case FTX seems to have less fee structure so I will go for it and I expect FTX will become one of the biggest crypto exchange like Binance in very short time because I am observing their advertising strategy which is reaching everywhere now.
Another advantage is no ID so users who really cares about privacy can pick that for spot trading but to withdraw it as fist p2p still the best way to be anonymous.
Another advantage is no ID so users who really cares about privacy can pick that for spot trading but to withdraw it as fist p2p still the best way to be anonymous.
And why?
kucoin, now in all of the reputed exchanges only kucoin is not require to kyc. and if you compare between ftx and kucoin, kucoin is familiar, and this exchange is user friendly for wide range of investors and traders. i've using in couple of years without face issues. everyone can't use ftx without kyc, even deposit will enable after kyc.
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Kucoin vs FTX...which one do you recommend?
For starters i have never heard of FTX...Same here, the two most familiar exchanges are Binance and Kucoin in my locale. Binance is user friendly in terms of user interface and easier to navigate through and people trade a lot on it. Kucoin on the other hand seems a bit more complex for a new user. I recently started using Kucoin as it had some altcoins listed that i wanted to invest in but couldn't find on binance. Presently, it is my preference because of the availability of more altcoins to trade.
When Im using CEX I always consider deposit and withdrawal functions and both are instant and fast, but if I consider withdrawal fees FTX has much less compare to Kucoin especially if we try to withdraw ETH. KUcoin has really huge fees like $25 to $40 while FTX covers almost half of it. I only have one problem encounter when I try to trade my XRP they dont allow me since my account is only at Tier1, you need to be fully KYC verified before you can trade XRP.
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Kucoin vs FTX...which one do you recommend?
For starters i have never heard of FTX, despite having a clue of what this could be from similar names i have encountered which is something likely to do with Forex and unfortunately we cant apply assumptions to such a comparison, perhaps an introduction of FTX will be appreciated!On the other hand Kucoin is a well known name in the crypto ecosystem who need no introduction and I use them from time to time and based on this, if am still given a choice to pick between the two i would go with Kucoin...no hard feelings FTX
Kucoin, without a doubt. I never heard anything bad about kucoin and on the other hand I heard some bad stuff about FTX. I can't remember them all but FTX is probably not as safe as Kucoin. I've been using kucoin actively for years and never had any problems. They never asked for KYC neither which is a huge plus.
Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?
Not sure about KuCoin but yes you can do so with FTX, probably depending on what country you're in. And yes, you need AML/KYC. I don't think there's a single legitimate exchange that allows bank withdrawals that doesn't need AML/KYC lol.
Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?
It depends on what fiat currency you are withdrawing. They have same feature in terms of withdrawal capacity. The only edge of FTX is there leverage trading since its an advance version and that's the FTX arsenal feature. But Kucoin list gem coin more often since FTX is very careful on selecting the coin that they will list compared to Kucoin.
I suggest that you should indicate too your preferred feature of an exchange so that we can recommend a proper exchange that suitable for your taste. We can put all the features here but it will be hard for you to assess if you are still new.
Just spot and limit orders.
It says on their site that they do not support fiat withdrawals (kucoin). Just read it before posting the above but can't find it for some reason.
Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?
It depends on what fiat currency you are withdrawing. They have same feature in terms of withdrawal capacity. The only edge of FTX is there leverage trading since its an advance version and that's the FTX arsenal feature. But Kucoin list gem coin more often since FTX is very careful on selecting the coin that they will list compared to Kucoin.
I suggest that you should indicate too your preferred feature of an exchange so that we can recommend a proper exchange that suitable for your taste. We can put all the features here but it will be hard for you to assess if you are still new.
Actually, I never heard about FTX before until someone talks about it recently there is an app called Blockfolio it's a portfolio tracking tool and now become FTX.
What I heard before with this exchange is that the Bitcoin withdrawal fee is free compared to Kucoin that deducts mining fees for withdrawal.
FTX is now changed its mind about unverified users and you can't able to deposit, trade, and withdraw if you are not KYC verified but their teir 1 KYC verification doesn't need any government IDs and only take name and address to become tier 1 KYC verified but the withdrawal limit is around $2000.
Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.
Honestly, never use FTX so I can't decide how good they are but as I said above FTX is new to me that is why I don't know if how good FTX exchange is the only advantage of this exchange is that the Bitcoin withdrawal fee is free.
I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.
What I heard before with this exchange is that the Bitcoin withdrawal fee is free compared to Kucoin that deducts mining fees for withdrawal.
FTX is now changed its mind about unverified users and you can't able to deposit, trade, and withdraw if you are not KYC verified but their teir 1 KYC verification doesn't need any government IDs and only take name and address to become tier 1 KYC verified but the withdrawal limit is around $2000.
Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.
Honestly, never use FTX so I can't decide how good they are but as I said above FTX is new to me that is why I don't know if how good FTX exchange is the only advantage of this exchange is that the Bitcoin withdrawal fee is free.
I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.
FTX:
KuCoin:
- 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
Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?
FTX:
KuCoin:
- 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
Actually, I never heard about FTX before until someone talks about it recently there is an app called Blockfolio it's a portfolio tracking tool and now become FTX.
What I heard before with this exchange is that the Bitcoin withdrawal fee is free compared to Kucoin that deducts mining fees for withdrawal.
FTX is now changed its mind about unverified users and you can't able to deposit, trade, and withdraw if you are not KYC verified but their teir 1 KYC verification doesn't need any government IDs and only take name and address to become tier 1 KYC verified but the withdrawal limit is around $2000.
Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.
Honestly, never use FTX so I can't decide how good they are but as I said above FTX is new to me that is why I don't know if how good FTX exchange is the only advantage of this exchange is that the Bitcoin withdrawal fee is free.
I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.
What I heard before with this exchange is that the Bitcoin withdrawal fee is free compared to Kucoin that deducts mining fees for withdrawal.
FTX is now changed its mind about unverified users and you can't able to deposit, trade, and withdraw if you are not KYC verified but their teir 1 KYC verification doesn't need any government IDs and only take name and address to become tier 1 KYC verified but the withdrawal limit is around $2000.
Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.
Honestly, never use FTX so I can't decide how good they are but as I said above FTX is new to me that is why I don't know if how good FTX exchange is the only advantage of this exchange is that the Bitcoin withdrawal fee is free.
I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.
And why?
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