Topic: Why should I use Kucoin over Binance? - page 3. (Read 522 times)
The choice is dependent upon you, what's your eventually reason to utilize a trade. Binance clients can bring down costs by utilizing their local token, logical Kucoin clients have a similar facilities. Your general purpose to use an exchange- you able to send your assets to their address to begin trading on the platform or other facilities. For me, Binance is its low charges contrasted with some other exchanges. Clearly Binance has higher liquidity and large market. Try not to get fail to remember that, Binance is one of the most mind-blowing known crypto exchanges in the world.
The decision should depend on what coins you want to buy since both have a different asset list. If your preferred coins traded on both exchanges, I'd rather use Binance for higher liquidity. Forget about KYC stuff since ALL centralized exchanges will implement KYC at some point to avoid sanctions.
I did some trade at Kucoin last year but their liquidity is garbage.
I did some trade at Kucoin last year but their liquidity is garbage.
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.
P.s P2P not being a factor. And of course, for trading.
It's totally different with my choice because I really both have them for my specific token holdings, there's some asset I had with binance and other coins at kucoin. That's always good to choose the popular exchanges, I find security with them in the first place compared from other non reliable sites. KYC verification is very important in each and every trading site, your identity will be their biggest confidence.
It doesn't mean that I don't care about KYC but because I know that Binance won't do stupid things to compromise my personal information.
I would not be so sure of such knowledge. I also know something.
So it is that no one is immune from stupid things. Large companies as well, because the larger the organization, the more difficult it is to manage it and avoid mistakes. The choice between Kucoin over Binance is obvious to many. Nobody likes when something is forcibly imposed on them, for example, KYC.
An essential factor for me is the information that they have on me. I agree with KYC things because it's necessary to protect your information. You need to be aware that it should be like that and if you have no problem with providing it then proceed with the next step.
Decide whether or not you want to have participation within the exchange itself. I see all the time Binance’s events with all the trading volume and buying promos with upcoming coins. This could be a deciding factor for you.
I'm quite biased because I am using Binance as my go to exchange, next to FTX. KuCoin is great for sure, it's just a matter of availability to you and convenience.
Decide whether or not you want to have participation within the exchange itself. I see all the time Binance’s events with all the trading volume and buying promos with upcoming coins. This could be a deciding factor for you.
I'm quite biased because I am using Binance as my go to exchange, next to FTX. KuCoin is great for sure, it's just a matter of availability to you and convenience.
I am using both Binance and Kucoin .We all know that both of the exchange are more popular to the trader than any other exchange .We all know that Binance is the top exchange in the world that's why most of the trader and investor using for their trading and investment and also for many other earning way l.I think both exchange are secured and well ranked .I mostly use Binance .I think it has the top coin and also lots of pair as well .Binance has huge volume and we have seen all the quality project are here .That's why the pro trader and new trader and who just came to know crypto for the first time are starting to use Binance .UI think it is the best platform in crypto .
Yes, it is the right decision to use Kucoin and Binance at the same time. I like Kucoin because there is a lot of listing of new coins. Only if you operate with a lot of capital, it will be difficult for you to sell coins on Kucoin for a large amount instantly, but you can do the same on Binance without any problems.
KuCoin's exchanging expenses are among the least available. You don't pay any month to month account expenses and the withdrawal charges are in accordance with different trades. It is allowed to store crypto however you will pay to store fiat (conventional) cash like dollars The expense relies upon how you move cash and what outsider application you use
KuCoin claims 1 of every 4 crypto holders overall utilize its administration. The large benefit to such a solid client base is that it adds liquidity to the market you're bound to have the option to make the exchanges you need in light of the fact that there are more individuals exchanging
KuCoin claims 1 of every 4 crypto holders overall utilize its administration. The large benefit to such a solid client base is that it adds liquidity to the market you're bound to have the option to make the exchanges you need in light of the fact that there are more individuals exchanging
Binance now requires mandatory KYC, while KuCoin doesn't; with a maximum withdrawal of 1 BTC per day(if I remember correctly). If you're fine with submitting personal identification documents, then Binance should be a better choice.
Well, in terms of selection, I think Binance is still superior because Binance has always been trusted, because of that, KYC is no longer a problem. however, for people who trade on a small scale, I think kukoin will be their top choice. especially if they only occasionally use the market. if I had an account that was already KYC, I would probably be inclined to use Binance. however, if it was a new account, i would probably use kucoin instead of binance. 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.
P.s P2P not being a factor. And of course, for trading.
Both Binance and Kucoin are cryptocurrency world leading exchanges that is been used for exchange of crypto tokens, and also use for trading cryptocurrency. The choice of using any of this exchanges depends on the user, someone can make his decision on which to use. I personally prefer Binance cryptocurrency exchange because I feel it's very brief and simple to use and it is also safe, it will be very hard to loose money due to inappropriate withdrawal or deposits in terms of network selection, Binance will update automatically the network immediately after pasting the exchange.
Binance now requires mandatory KYC, while KuCoin doesn't; with a maximum withdrawal of 1 BTC per day(if I remember correctly). If you're fine with submitting personal identification documents, then Binance should be a better choice.
Thought many of them dont like KYC, I think its best to stay closer to the companies who are legally making things way better. I mean the money flows with proper channels and government can track it all too. The banks wont judge you over your CIBIL scores if you pay the taxes for those assets too. Its completely fine to do the KYC on reputed exchangers like binance. In addition to this you get added security of your funds and accounts. You can always file a suit if something goes wrong from the Binance side and get higher chances of recovering your funds from court. Well this can not be done in case of companies who do not have legal channels set up. Its like more or less so so documentation with just user ID and password. Of course everybody has their own way of looking at this. But I would choose Binance over KuCoin.
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.
If you care about submitting your personal identity, then choose Kucoin but if it was fine doing this, then go for Binance. P.s P2P not being a factor. And of course, for trading.
Well, for me, I'm still choosing Binance. It doesn't mean that I don't care about KYC but because I know that Binance won't do stupid things to compromise my personal information. And also, I'm comfortable with Binance which is a huge factor when choosing what exchanges to use for trade and I think, we all have that kind of feeling.
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!
It is not about which exchange you prefer, it is about the coins you would like to try and the setup that you have. Some people use trading bots that work there, some people trade things that is not at binance but at kucoin, some people have been using it for a long time and do not want to change, some people are from wherever kucoin is from, some people are too used to it, some people like the design.There could be a million reason why we could prefer one over the other. I know people who use only the local exchange for example, it has 1% volume that binance has, but it has the chance of putting fiat into crypto there and they prefer it that way. So, I would say that it is clear to me binance is the best but there are a million reasons that you could use something else. Which is why I doubt that people would be really worried about picking.
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 am using both Binance and Kucoin .We all know that both of the exchange are more popular to the trader than any other exchange .We all know that Binance is the top exchange in the world that's why most of the trader and investor using for their trading and investment and also for many other earning way l.I think both exchange are secured and well ranked .I mostly use Binance .I think it has the top coin and also lots of pair as well .Binance has huge volume and we have seen all the quality project are here .That's why the pro trader and new trader and who just came to know crypto for the first time are starting to use Binance .UI think it is the best platform in crypto . P.s P2P not being a factor. And of course, for trading.
https://i.imgflip.com/5wreql.jpg
Kucoin is currently on Rank 5 by adjusted volume. Before Kucoin is really on the bottom of the list, but as time goes by, they are climbing.
But if Binance compares to Kucoin, it's still very far for me, especially if we will measure it on the volume, not even 50%.
But there are lot of things that why you should use Kucoin instead of Binance sometimes, especially for me when you are hunting a hidden gem altcoin, because most of listed altcoins in Binance is already pumped or ROI is likely low.
Another thing is why I am still using Binance, is because their P2P. It's really easy to convert your fiat currency to cryptocurrency or vice versa.
Kucoin is currently on Rank 5 by adjusted volume. Before Kucoin is really on the bottom of the list, but as time goes by, they are climbing.
But if Binance compares to Kucoin, it's still very far for me, especially if we will measure it on the volume, not even 50%.
But there are lot of things that why you should use Kucoin instead of Binance sometimes, especially for me when you are hunting a hidden gem altcoin, because most of listed altcoins in Binance is already pumped or ROI is likely low.
Another thing is why I am still using Binance, is because their P2P. It's really easy to convert your fiat currency to cryptocurrency or vice versa.
Wow! FTX is #3?? Bigger than Kucoin?? How?? I definitely didn't expect that.
Kucoin is currently on Rank 5 by adjusted volume. Before Kucoin is really on the bottom of the list, but as time goes by, they are climbing.
But if Binance compares to Kucoin, it's still very far for me, especially if we will measure it on the volume, not even 50%.
But there are lot of things that why you should use Kucoin instead of Binance sometimes, especially for me when you are hunting a hidden gem altcoin, because most of listed altcoins in Binance is already pumped or ROI is likely low.
Another thing is why I am still using Binance, is because their P2P. It's really easy to convert your fiat currency to cryptocurrency or vice versa.
Both exchanges are good and reputable ones, of course, they had pros and cons that should be traders prefer of choosing. Both exchanges are also the same based in Asia which is Binance based in China while Kucoin was based in Hongkong, they are all in the place which there's no strict when it comes to regulation.
So, now upon picking which is a good exchange platform, it's up to us and which we prefer.
Binance pros which I liked,
While Kucoin didn't offer SAFU which is the only difference among them. But as I said it depend on the traders which they preferred.
So, now upon picking which is a good exchange platform, it's up to us and which we prefer.
Binance pros which I liked,
- high liquidity exchange in all exchanger
- Have a low trading transaction fee
- KYC process low fairly simple
- Offer SAFU
While Kucoin didn't offer SAFU which is the only difference among them. But as I said it depend on the traders which they preferred.
I find kucoin to be laxer compared to other exchanges. To give you an example, if you forgot your trading password and get asked to KYC, you can refuse and they will release your funds. I know it's only with trading password but still, some exchanges can be the by the book type when it comes to their policies. I'm not sure how they compare to binance but I expected them to be stricter than before with all the watchdogs keeping an eye.
...But if you had to go with only one, which would you go with, and why? ...
If your goal is only trading, then the best choice for you will be KuCoin. In addition, launchpad is also available on Kukoin without verification in addition to trading, while on Binance there is no possibility to work without mandatory KYC at all. In addition, the main difference between these exchanges is the volume of trade and, accordingly, liquidity, where Binance is the absolute leader.
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.
the kyc thing is the main reason why many people don't like binance these days. both kucoin and binance have good liquidity. the advantage of kucoin is that they are not requiring kyc for traders who have 1btc daily withdrawal, which is kinda big already. but i am seeing that it is only a matter of time before they implement their compulsory kyc as governments are being strict with crypto.
if you want to secure your funds with insurance, you can go to binance. however, i don't know if kucoin has the same kind of insurance like safu in binance.
so at the end of the day, it depends on the trader, which one he wants to give up and what kind of services he wants to avail in both exchanges.
You are right, back to the trader himself to determine how the criteria for each trade. But as already said, a minimum withdrawal of 1 Btc a day is more than enough for us small traders. Of course it all depends on how high the trading volume of the trader used is, as well as the level of his portfolio balance which we cannot know. I believe they can adjust as needed.
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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 probably will trade on kucoin over binance because the coin or token I want to trade is not yet listed on binance, or maybe due to price differences which I know is unlikely to be possible.P.s P2P not being a factor. And of course, for trading.
Binance is the world leader when it comes to crypto currencies, I generally don't have any reason yet to why I should trade on kucoin over binance when all that's on kucoin can be found on binance.
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