Why should I use Kucoin over Binance? - page 4.

crzy

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Quote from: Turbolantern on December 05, 2021, 09:30:25 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 do have an account on both exchange since some tokens are not available on Binance that you can see on Kucoin so I think you can have both just know what you need and know what are your preference on choosing exchanges. One thing that you may know on Binance is that, KYC is already mandatory and this could affect your decision especially if you still want to remain anonymous, then choose Kucoin. These are two big exchanges so whatever decision you’ll make, its still a good one.

AmoreJaz

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Quote from: Sterbens on December 05, 2021, 04:27:48 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.

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.

Sterbens

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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.

Silberman

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Quote from: Turbolantern on December 05, 2021, 09:30:25 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.

Now that Binance has changed their policies regarding KYC the comparison you are making does not make sense at all anymore, those two exchanges now target two completely different customers, binance is now for those that are OK with passing their KYC policies while Kucoin is now the exchange for those that still want to trade in a good exchange but that also value their privacy and do not want to give it away so easily to everyone that asks.

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Quote from: Oceat on December 05, 2021, 03:34:45 PM

Quote from: PhucS on December 05, 2021, 12:17:13 PM

Both are high quality exchanges and are used by many people. Binance is considered the largest crypto exchange in the world, most of the tokens listed on Binance attract everyone's attention, so the number of users on this exchange is very large. However, Binance has made KYC mandatory before you deposit and trade, which can be annoying for those who don't like KYC. In contrast, Kucoin does not require KYC, you can still trade, deposit and withdraw normally. Kucoin also has some very attractive programs for users. For me, I use both because they are so good

Yes, their KYC is kind of annoying since they keep me asking for details that's why I stopped already when they asked me again. I consider them as one of the best exchange before but now that they required KYC, I don't like it. Although, Kucoin is also a good exchange since they doesn't require KYC yet but I believe sooner or later they proceed to ask a mandatory KYC to all of their customers and I don't know where to find someone like them as the best alternative exchange for Binance or Kucoin.

I stopped using Binance now since my account is not KYC verified since they made it mandatory.
I also view KuCoin and Binance kinda equal, except that binance offers more than KuCoin is offering and it has more popularity over KuCoin.
The edge of KuCoin probably is it's chat support, compared to binance that do not have.

carlfebz2

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Quote from: mk4 on December 05, 2021, 09:35:22 AM

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.

It seems that people do still end up on using Binance despite of that mandatory KYC.
Cryptocurrency exchange Binance lost 3 percent of its customers due to mandatory KYC requirements

Im not saying that Binance is better than Kucoin but for now im really eyeing on making use of this platform
due to that KYC free thing.

Woodie

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Binance the largest crypto exchange has been on the radar of most regulators which means whichever pressure is applied on them has to be passed on to their customers which has actually forced them to suspended accounts that did not go through the process of not passing KYC which was not a requirement a while back, but if KYC is done then Binance should be one to use. For Kucoin I think they have stayed below the radar and maintained being a good exchange but because i use both depending on coin I think the choice should be based on which coin is listed where as both a good...

Ararbermas

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Quote from: mk4 on December 05, 2021, 09:35:22 AM

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.

yhup that's why i exactly submitted my information on binance because this platform features is more enjoyable than other exchanges out there, wherein it's very secured as well and friendly users so there's no regrets after all.. Perhaps kuCoin is the only choice of those people who cannot pass kyc, well there's no bad on it actually as long as it's legit as well its totally fine.. Cheesy

Oceat

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Quote from: PhucS on December 05, 2021, 12:17:13 PM

Both are high quality exchanges and are used by many people. Binance is considered the largest crypto exchange in the world, most of the tokens listed on Binance attract everyone's attention, so the number of users on this exchange is very large. However, Binance has made KYC mandatory before you deposit and trade, which can be annoying for those who don't like KYC. In contrast, Kucoin does not require KYC, you can still trade, deposit and withdraw normally. Kucoin also has some very attractive programs for users. For me, I use both because they are so good

Yes, their KYC is kind of annoying since they keep me asking for details that's why I stopped already when they asked me again. I consider them as one of the best exchange before but now that they required KYC, I don't like it. Although, Kucoin is also a good exchange since they doesn't require KYC yet but I believe sooner or later they proceed to ask a mandatory KYC to all of their customers and I don't know where to find someone like them as the best alternative exchange for Binance or Kucoin.

teosanru

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Quote from: Turbolantern on December 05, 2021, 09:30:25 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.

One big reason for choosing Kucoin is that KYC so far is not mandatory for all users on Kucoin but it is already mandatory for everyone on Binance, which means that your identity is revealed the moment you start using Binance. Earlier I used to think that Binance is more or less a scamster as they intentionally just close the exchange in times of high volatility and dumps but what I have realized after seeing Kucoin is that Binance is still better is just crashes rarely while Kucoin would crash on almost every small dump too. I have seen so many times that you won't even be able to log into your Kucoin, in binance generally just a few people would face the error. Also, rest Kucoin have completely copied Binance. I would still prefer Binance.

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Quote from: mk4 on December 05, 2021, 09:35:22 AM

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.

I can't say for sure if Binance's KYC is the biggest disadvantage but that's just a recent development as they got targeted by regulators and authorities. But talking about the service side of things, I would go for Binance. Apart from having a great service, they do have a committed support team that resolves complaints fairly easy and quickly even if you make wrong deposits on their chains, they resolve it quickly. For kucoin, their live chat is basically dead and you have to try multiple times and open multiple tickets to reach their support team. I recently had a kucoin deposit that was confirmed immediately on the blockchain but wasn't credited to my Kucoin wallet. I had to contact their team on telegram and open countless tickets before it got resolved after 2 weeks. I mean, this is just a deposit — don't know how long it would take if it were a more serious issue.

KellyCoin

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Both are good exchanges with Solid interfaces.

Kucoin seems to have newer projects that are not yet on Binance with more potential but more risks. While Binance usually has proven projects but less potential to catch a 100x.

PhucS

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Both are high quality exchanges and are used by many people. Binance is considered the largest crypto exchange in the world, most of the tokens listed on Binance attract everyone's attention, so the number of users on this exchange is very large. However, Binance has made KYC mandatory before you deposit and trade, which can be annoying for those who don't like KYC. In contrast, Kucoin does not require KYC, you can still trade, deposit and withdraw normally. Kucoin also has some very attractive programs for users. For me, I use both because they are so good

mindrust

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Quote from: Turbolantern on December 05, 2021, 09:30:25 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 has some coins which Kucoin don't and Kucoin has some which Binance don't. Addition to that, Binance forces KYC on its customers randomly. It is a KYC exchange. Kucoin on the other hand isn't as strict as Binance. I haven't really heard of anybody that got KYC'ed by kucoin. Binance locks your account and don't let you withdraw till you provide what they ask. I wouldn't use Binance unless I have no other choice.

SquirrelJulietGarden

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Quote from: mk4 on December 05, 2021, 09:35:22 AM

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.

It is accurate
About KYC verification on Kucoin

KYC is only one good point to choose Kucoin rather than Binance. They are both Tier 1 exchanges but Binance have better team with more solid developments. They are leader amongst crypto exchanges.

Kucoin can change their policy from non-mandatory KYC to mandatory KYC and not your keys, not your coins. Don't forget it. People can enjoy free-KYC on Kucoin now but it won't exist forever.

passwordnow

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I'll use Binance.
I've been using them for a long time and I don't have any issues with them. The exchange itself is quick and easy to use, I guess that's the same for kucoin.
But for now, I'm very much confident and good at using binance so while the coins that I trade and hold are there, it won't make me ship to another exchange. No offense for kucoin.

Furious 7

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Currently Kucoin is the one I use often because without KYC for me both are the same exchange but only slightly different features and Binance will be used more considering this exchange is the best at the moment.
I have a verified Binance account, this is indeed an advantage because it is mandatory on Binance.
If compared to that I can't give a definite reason, the point is that these two exchanges are pretty good.

BitcoinAccepted

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Both are good but I think it's much safer in Binance they are reputable and most of the listed coins were also good unlike in KuCoin there's a lot of shit tokens that was listed and really volatile but this could be a advantage and disadvantage too but I think having both of them is a good idea too. They're both good have its own advantages and disadvantages so it's just really up to you.

palle11

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Binance is a little clearer for newbie though. It has more programs than kucoin which will make traders have better opportunity for almost everything that has something with cryptocurrency. However it looks like it is a house of KYC and I think that started quite recently since the ban and regulation here and there.

Mpamaegbu

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Besides the "No KYC" requirement of Kucoin unlike with Binance where it's mandatory, Kucoin has a more friendly navigation on its site. Newbies will easily understand their way around Kucoin than with Binance which has so many confusing programmes and features. Let me drop this spoiler alert – that Kucoin doesn't demand KYC now doesn't mean it wouldn't in the near future. Remember that Binance didn't make KYC mandatory until lately. Who knows, Kucoin may toe that line too.

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