Why should I use Kucoin over Binance? - page 2.

Mkmanik

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Quote from: Turbolantern on December 05, 2021, 08:30:25 AM

I'm guess Binance.com and Kucoin are like Coca-Cola and Pepsi, at the top of the exchange food chain. But if you had to go with only one, which would you go with, and why? Trying to decide...help me out guys!

P.s P2P not being a factor. And of course, for trading.

Binance is the world's largest cryptocurrency exchange, It has huge volume/liquidity. Most people like to use Binance for huge volume. Personally, I am using Binance and kucoin. I use Kucoin exchange to buy GEM. At kucoin, you can able to do trade a lot of new coins because they add new coins very fast. Only for GEM and free robots do I use kucoin. I use Binance for Future trade and for the huge volume. Binance is also adding a lot of coins nowadays. But for the latest GEM kucoin is best for me.

UserU

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Quote from: suryogandul on December 10, 2021, 06:47:39 PM

Kucoin users don't have to KYC. Apart from that, Kucoin's features are simpler unlike Binance. try you can see the comparison of the features of Binance and Kucoin are very different, because in Binance there are more trading options such as spot, futures and others.

They still lose out to P2P though in terms of volumes.

suryogandul

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Quote from: Turbolantern on December 05, 2021, 08:30:25 AM

I'm guess Binance.com and Kucoin are like Coca-Cola and Pepsi, at the top of the exchange food chain. But if you had to go with only one, which would you go with, and why? Trying to decide...help me out guys!

P.s P2P not being a factor. And of course, for trading.

Kucoin users don't have to KYC. Apart from that, Kucoin's features are simpler unlike Binance. try you can see the comparison of the features of Binance and Kucoin are very different, because in Binance there are more trading options such as spot, futures and others.

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Quote from: Dragonfund on December 09, 2021, 06:00:35 PM

Quote from: Turbolantern on December 05, 2021, 08:30:25 AM

I'm guess Binance.com and Kucoin are like Coca-Cola and Pepsi, at the top of the exchange food chain. But if you had to go with only one, which would you go with, and why? Trying to decide...help me out guys!

P.s P2P not being a factor. And of course, for trading.

Binance and kucoin has some similarities especially in design but different in some aspects. While binance is now working with local communities to regulate each an every user on it platform, you need to be kyc verified because you can't deposit or withdraw if you don't do that and again, US people can't use the exchange except for a specific exchange created for them as binance. US. Kucoin is free to use by any without kyc and can withdraw without any issues.

That's why this all matter on your personal choice since if you don't like to give your personal information then go to kucoin but if you don't take this seriously since you want to be safe from frauds or anything related with scamming then go with binance since they are tested with this and I trust them compare to other exchange.

Dragonfund

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Quote from: Turbolantern on December 05, 2021, 08:30:25 AM

I'm guess Binance.com and Kucoin are like Coca-Cola and Pepsi, at the top of the exchange food chain. But if you had to go with only one, which would you go with, and why? Trying to decide...help me out guys!

P.s P2P not being a factor. And of course, for trading.

Binance and kucoin has some similarities especially in design but different in some aspects. While binance is now working with local communities to regulate each an every user on it platform, you need to be kyc verified because you can't deposit or withdraw if you don't do that and again, US people can't use the exchange except for a specific exchange created for them as binance. US. Kucoin is free to use by any without kyc and can withdraw without any issues.

Wawa2013

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Quote from: bhooscream on December 08, 2021, 05:56:12 PM

I think that both are worthy and also reputable for trading.
I personally use both, but more to Binance.
Because sometimes, there are some coins or tokens not available on Binance but available on Kucoin and vice versa.
However if I must choose one of them, I think I will go to Binance because I have done KYC, it may be stupid to submit my data, but I already sent it Grin

And so far, I have no issues in Binance and keeps getting what I want. Hopefully it will be safe enough

I agree that both Binance and KuCoin are very good and reliable, therefore I also like you choosing to use both. Because both have advantages
and disadvantages of each, so for me it would be more perfect to use both. In fact I use several exchanges besides Binance and KuCoin as well.
But Binance now enforces KYC procedures as mandatory, then those who object to the KYC procedure will avoid using Binance. But I don't mind
giving my personal data to Binance, the important thing is that I don't have any problems using Binance. And so far I am quite satisfied with
Binance's services, even now I use Binance more for trading than KuCoin, because Binance has a slightly better list of coins than KuCoin.
In conclusion both Binance and KuCoin are worth using, so back to each of us want to choose where to trade. My advice try to use both,
so we can compare which one is more suitable for us to use.

Issa56

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Seriously binance now makes kyc mandatory for all there customers which not everybody really likes revealing their identity and some people don't have what it requires to complete there identity so I believe if you don't want to reveal your identity or you might not have what it requires to complete verification so I believe kucoin is better since kyc is not mandatory on KuCoin.

Review Master

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Both are great in terms of trading and great UI. But kucoin would on first place to pick if OP doesn't wanna do the KYC just because of exchange's having regulatory issues. Also, kucoin might introduce basic kyc in future as anything can be possible in this space. But talking about withdrawal fee and so many chains, kucoin's still on top place as binance keep other chains on maintance mode whether kucoin's having them until there is any upgrade in their system. That's a great point and best way to minimize the cost of cross-chain bridging. Wink

David daruwala

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Go with binance if you are OK with kyc.

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milewilda

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Quote from: Mamun74 on December 09, 2021, 01:53:30 PM

Binance and Kucoin Both are best exchange. But i think, Binance is more safer.Kucoin Daily withdrawal limit low than Binance. Binance is more secure exchange and if you want to trade and use Binance exchange then you must need to submit Your KYC.But every exchange have their own quality process system. And also I'm usually Using Binance exchange.

When it comes to withdrawal limit? I would say that Binance had able to snatch it up on the past but now Kucoin had taken over.
Kucoin fees
Daily withdrawal limit has been adjusted to 1 BTC for accounts which do not complete identity verification(KYC).
They had still that limit for non verified users and since Binance did made out some mandatory changes
then i wouldnt be surprised about change of hearts.

Mamun74

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Binance and Kucoin Both are best exchange. But i think, Binance is more safer.Kucoin Daily withdrawal limit low than Binance. Binance is more secure exchange and if you want to trade and use Binance exchange then you must need to submit Your KYC.But every exchange have their own quality process system. And also I'm usually Using Binance exchange.

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Quote from: Silberman on December 08, 2021, 04:14:09 PM

Quote from: Sterbens on December 05, 2021, 03:27:48 PM

You are right for KuCoin current advantage that you don't have to provide as much personal data as possible. And it became my trading alternative today. Because Binance requires us to comply with KYC. Therefore the convenience of KuCoin offers a more anonymous one to use as a hassle-free exchange. Regarding KYC, Binance has become one of the largest exchanges and has become a nest for whales, so Binance inevitably is monitored and monitored so that the government has access to data on wholesalers.

It was bound to happen, Binance at one time was focused on getting the best user experience for everyone, and this approach brought them incredible success, but now that they are at the top they do not care about the little guy anymore and they care mostly about whales and other big clients, this means that they are willing to force people to go through KYC just to improve their profits a little bit more, which means the little guy needed to move to other exchanges, and so far Kucoin seems like the best option.

They are no longer interested that much with small time traders. I see your point and it's valid. Binance is more focus on how they will handle those whales. Those big players who keep bringing them decent profits from each trades that being liquidated,. Good thing that there are alternative exchange who can carry small time traders with also have good reputations.

KuCoin provides a service that traders will also appreciate. The fact that until now KuCoin allows traders to use their platform, even you are not fully verifies/ don't need to provide KYC as long as you are not exceeding from their limits.

zaesvlas

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And who said they were obliged? It should be understood that all conventions are conventions.

arbifahrozy

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Every exchange have own quality have own trading fee but I am mostly used binance it's easy in every way easily got verification but koucoin restricted in some country this the also . reason people using binance koucoin is also very best mostly koucoin token listed on binance so it's a great benefit opportunity from koucoin

bhooscream

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I think that both are worthy and also reputable for trading.
I personally use both, but more to Binance.
Because sometimes, there are some coins or tokens not available on Binance but available on Kucoin and vice versa.
However if I must choose one of them, I think I will go to Binance because I have done KYC, it may be stupid to submit my data, but I already sent it Grin

And so far, I have no issues in Binance and keeps getting what I want. Hopefully it will be safe enough

Silberman

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Quote from: Sterbens on December 05, 2021, 03:27:48 PM

You are right for KuCoin current advantage that you don't have to provide as much personal data as possible. And it became my trading alternative today. Because Binance requires us to comply with KYC. Therefore the convenience of KuCoin offers a more anonymous one to use as a hassle-free exchange. Regarding KYC, Binance has become one of the largest exchanges and has become a nest for whales, so Binance inevitably is monitored and monitored so that the government has access to data on wholesalers.

It was bound to happen, Binance at one time was focused on getting the best user experience for everyone, and this approach brought them incredible success, but now that they are at the top they do not care about the little guy anymore and they care mostly about whales and other big clients, this means that they are willing to force people to go through KYC just to improve their profits a little bit more, which means the little guy needed to move to other exchanges, and so far Kucoin seems like the best option.

ScamViruS

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Agree with your opinion, we should have many exchange account because have any coin not list on Binance but still listing on Kucoin or other exchange market, usually when binance announce with new listing coin price pump and have chance to buy before listing on other exchange like Kucoin or can buy on MEXC exchange, so better not only safe you fund on one exchange and you need several exchange for trading.

It is true that traders use multiple exchanges for a variety of reasons. But when it comes to security and other issues, everyone evaluates the exchange that has the best reviews. At present, there are many verification mandatory exchanges, so it will be important to read the T&C of those exchanges while trading on any exchange. It would never be a good idea to go trading on an unfamiliar exchange just to catch a pump as there will be a new coin listed on another exchange.

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It seems to me that both are ok for traders to use. However, those who have used binance before without verification are now facing problems due to mandatory verification of binance users. Because there are many of us who do not like to share our personal information, so now they have no choice but to leave binance. And since verification is not yet mandatory in kucoin, kucoin is now considered a good quality choice for traders.

However, it is still difficult to say how long kucoin will be able to run this system, as I believe kucoin will probably make verification mandatory in the near future. So traders need to find other alternative ways.

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Quote from: Turbolantern on December 05, 2021, 08:30:25 AM

I'm guess Binance.com and Kucoin are like Coca-Cola and Pepsi, at the top of the exchange food chain. But if you had to go with only one, which would you go with, and why? Trying to decide...help me out guys!

P.s P2P not being a factor. And of course, for trading.

I will choose Binance instead of KuCoin but I have used both exchanges to trade so far. Although my trading time in KuCoin is not too often like in Binance, I still manage my time to trade on that exchange. Besides that, I used some KuCoin to earn some KuCoin rewards, while in Binance, I also did the same.

We can give suggestions but the final decision will be yours. You should determine by yourself and not because of other people because it will be your journey to use any exchange you want.

YOSHIE

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Quote from: Turbolantern on December 05, 2021, 08:30:25 AM

But if you had to go with only one, which would you go with, and why? Trying to decide...help me out guys!

P.s P2P not being a factor. And of course, for trading.

Already three pages of answers everyone revealing the difference between Binance vs KuCoin, definitely 40 people have different opinions, although some people have the same opinion, OP if you ask me the two crypto exchanges, of course I also have my reasons for choosing one of those exchanges.

Here's my reasoning: about Binance:
Advantages and Opportunities with Binance P2P

And this one is my reason about KuCoin:
Frequently Asked Questions About KuCoin P2P

Of the two reasons above, of course you ask, which one, my answer is: Binance.

Topic: Why should I use Kucoin over Binance? - page 2. (Read 543 times)