Why should I use Kucoin over Binance?

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Quote from: Silberman on December 15, 2021, 04:27:40 PM

Quote from: Natalim on December 12, 2021, 06:06:06 PM

I didn't use Kucoin for trading but have some experience in the past and yes, it never requires KYC for the small withdrawal of less than 1BTC but for bigger amounts, they are strictly asking for it especially for a newly created account. But what I guess, this mandatory KYC will soon to apply for all exchanges and I'm still going to believe that the use of exchanges is safe compared to P2P transactions.

We know that eventually this is something that is going to happen to all exchanges, the whole point of decentralization is to not give to the governments and banks any focal point to attack, and that is what centralized exchanges really are, so I am not surprised that governments all over the world are trying to force exchanges to apply KYC policies to all their clients, which means that those that are serious about maintaining their privacy will have no choice but to begin to use DEXs on the near future.

DEX is something we do need but we know that we are dealing with fiat when making out conversions thats why we do end up on using CEX.

Its unavoidable kind of situation and we are really heading there and we've seen on what happened to Binance.It becomes big and it did really

make out some noise and now government sets in then regulation comes in which terms and conditions been changed.Nothing surprising on here.

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Quote from: Natalim on December 12, 2021, 06:06:06 PM

I didn't use Kucoin for trading but have some experience in the past and yes, it never requires KYC for the small withdrawal of less than 1BTC but for bigger amounts, they are strictly asking for it especially for a newly created account. But what I guess, this mandatory KYC will soon to apply for all exchanges and I'm still going to believe that the use of exchanges is safe compared to P2P transactions.

We know that eventually this is something that is going to happen to all exchanges, the whole point of decentralization is to not give to the governments and banks any focal point to attack, and that is what centralized exchanges really are, so I am not surprised that governments all over the world are trying to force exchanges to apply KYC policies to all their clients, which means that those that are serious about maintaining their privacy will have no choice but to begin to use DEXs on the near future.

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At-risk to be off-topic, A few days ago, I was showing some basics to my friend who is new to all of this. I am surprised when I realize that FTX is in the top 3 exchanges merged by trading volume.
they seem to be something in between Binance and Kucoin. With only 1st level of verification, it's possible to withdraw up to $2000USD daily, with some altcoins are not possible to trade without KYC level 2 (XRP for example).
can definitely be a third option with these two mentioned by OP.

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Quote from: Slow death on December 13, 2021, 06:19:27 PM

in the last few months Binance has become an annoying exchange, they have a good platform for day trading but they have had problems that are annoying, sometimes i'm trading and when i want to buy i see that i logged out by myself and the login process until arrival the time to buy the coin is already too late because the coin has risen a lot and their support takes a while to respond that I don't even waste time complaining about it anymore

It is possible that this is due to the increased security requirements of the exchange and your account in particular. Recently, I have also encountered such a problem and noticed that most often it happens after changing the IP, but I am ready to put up with it if it is related to the conservation of my balance.

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Quote from: Fredomago on December 13, 2021, 12:57:43 PM

Quote from: blockman on December 13, 2021, 10:50:09 AM

Yeah, anytime they can mandate that. But as far as I know, I haven't seen any announcement from them. I also prefer binance so for those that are in binance, kyc isn't a matter anymore since they're requiring it. Kucoin might also follow that decision of binance.
Whether there's no official announcement yet from the kucoin management, we just better be known and prepared that it's really going to happen.

We can't remove that fact. If KuCoin also being mandated by the government, they don't have any option but to implement these rules, Binance at first tries to provide services with their clients without providing KYC but has limited daily usages. That kind of luxury still being enjoyed by people who are using KuCoin.

No update yet in regard to any KYC requirement, traders and investors still have that option to continue using KuCoin with limited
amount of daily transactions.

Yes, we still have the time to enjoy that perk of having no KYC using Kucoin. Those that don't like to be passed on with binance's mandated KYC.
There's a choice still to make and that's with kucoin as with non-verified account, they're still able to trade and enjoy that feature for that exchange.

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in the last few months Binance has become an annoying exchange, they have a good platform for day trading but they have had problems that are annoying, sometimes i'm trading and when i want to buy i see that i logged out by myself and the login process until arrival the time to buy the coin is already too late because the coin has risen a lot and their support takes a while to respond that I don't even waste time complaining about it anymore

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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

You are right, in fact Kucoin is one of the exchanges that I first became familiar with in 2017 when I started in the crypto world, however Binance is for me the best, and as you say and afimras there are some tokens or coins that are in Kucoin and not in Binance, I also spent my KYC in Binance and it went without any problem, it should be noted that I have not entered Kucoin again and I did not know that they were asking for KYC, although that is already a normal regulation almost for all exhchnges , but in terms of security and trust, for me the best is Binance as well.

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Quote from: Fredomago on December 13, 2021, 12:57:43 PM

We can't remove that fact. If KuCoin also being mandated by the government, they don't have any option but to implement these rules, Binance at first tries to provide services with their clients without providing KYC but has limited daily usages. That kind of luxury still being enjoyed by people who are using KuCoin.

No update yet in regard to any KYC requirement, traders and investors still have that option to continue using KuCoin with limited
amount of daily transactions.

The only risk of having an unverified account in kucoin is they don't offer the same support in case of hacked, theft and fraud compared to verified ones. It was mentioned here

Quote from: https://www.fool.com/the-ascent/cryptocurrency/kucoin-review/

There are a couple of risks here. First, if the U.S. cracks down on people accessing unlicensed exchanges, your assets might get frozen. Second, KuCoin doesn't offer the same support to unverified accounts in the case of hacking, fraud, or theft. So proceed with caution if you're a U.S.-based user.

And I think it's not only pertaining to US users but for those who have unverified accounts.

Though I didn't checked Kucoin's terms related to this but if this is true (probably) then that's really a huge risk. I remember a hacked happened there but good thing kucoin refunded the affected accounts not sure if all of them though.

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Quote from: Fredomago on December 13, 2021, 12:57:43 PM

Quote from: blockman on December 13, 2021, 10:50:09 AM

Quote from: Russlenat on December 12, 2021, 03:33:24 PM

Quote from: blockman on December 11, 2021, 03:00:47 PM

Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Are you sure? AFAIK, they are still one of the exchanges that don't mandate it. Maybe for some cases since I've people telling that kucoin still don't require mandatory KYC and they still got a good limit from those unverified accounts.

There's no announcement from Kucoin yet that KYC is a compulsory thing, but since this is a centralized exchange, we better expect that they can require a KYC anytime and if we don't comply, they could freeze our account. So my choice would be Binance, getting fully verified before I start trading makes me feel comfortable and safe from any questions going further.

Yeah, anytime they can mandate that. But as far as I know, I haven't seen any announcement from them. I also prefer binance so for those that are in binance, kyc isn't a matter anymore since they're requiring it. Kucoin might also follow that decision of binance.
Whether there's no official announcement yet from the kucoin management, we just better be known and prepared that it's really going to happen.

We can't remove that fact. If KuCoin also being mandated by the government, they don't have any option but to implement these rules, Binance at first tries to provide services with their clients without providing KYC but has limited daily usages. That kind of luxury still being enjoyed by people who are using KuCoin.

No update yet in regard to any KYC requirement, traders and investors still have that option to continue using KuCoin with limited
amount of daily transactions.

I think, for the moment, that's the main advantage of kucoin over binance. For those who don't want to submit KYC, they will favor Kucoin. But I believe, sooner or later, kucoin will also implement compulsory kyc as they abide the laws of where they are legally registered. So users can take this advantage for the moment but once they require KYC, I believe, a lot of users will still go for binance because of higher liquidity and other varied services. Anyway, this kind of decision depends on the trader himself, because it depends on his goals why he is using a specific exchange, either for security, liquidity, availability of trading pairs and others.

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Quote from: blockman on December 13, 2021, 10:50:09 AM

Quote from: Russlenat on December 12, 2021, 03:33:24 PM

Quote from: blockman on December 11, 2021, 03:00:47 PM

Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Are you sure? AFAIK, they are still one of the exchanges that don't mandate it. Maybe for some cases since I've people telling that kucoin still don't require mandatory KYC and they still got a good limit from those unverified accounts.

There's no announcement from Kucoin yet that KYC is a compulsory thing, but since this is a centralized exchange, we better expect that they can require a KYC anytime and if we don't comply, they could freeze our account. So my choice would be Binance, getting fully verified before I start trading makes me feel comfortable and safe from any questions going further.

Yeah, anytime they can mandate that. But as far as I know, I haven't seen any announcement from them. I also prefer binance so for those that are in binance, kyc isn't a matter anymore since they're requiring it. Kucoin might also follow that decision of binance.
Whether there's no official announcement yet from the kucoin management, we just better be known and prepared that it's really going to happen.

We can't remove that fact. If KuCoin also being mandated by the government, they don't have any option but to implement these rules, Binance at first tries to provide services with their clients without providing KYC but has limited daily usages. That kind of luxury still being enjoyed by people who are using KuCoin.

No update yet in regard to any KYC requirement, traders and investors still have that option to continue using KuCoin with limited
amount of daily transactions.

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Both Kucoin and Binance have a comparable business technique. They are cryptographic money trades that deal admittance to many altcoins that are generally difficult to buy They have a comparable charge structure beginning at 0.1% and lessening this expense as you climb the exchanging levels.

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Kucoin and Binance are two grounded crypto trades. Despite the fact that they utilize a comparative business technique and have a comparable charge structure there are slight contrasts between the stages You will most likely find either Kucoin or Binance will suit your particular necessities somewhat better.

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Quote from: Russlenat on December 12, 2021, 03:33:24 PM

Quote from: blockman on December 11, 2021, 03:00:47 PM

Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Are you sure? AFAIK, they are still one of the exchanges that don't mandate it. Maybe for some cases since I've people telling that kucoin still don't require mandatory KYC and they still got a good limit from those unverified accounts.

There's no announcement from Kucoin yet that KYC is a compulsory thing, but since this is a centralized exchange, we better expect that they can require a KYC anytime and if we don't comply, they could freeze our account. So my choice would be Binance, getting fully verified before I start trading makes me feel comfortable and safe from any questions going further.

Yeah, anytime they can mandate that. But as far as I know, I haven't seen any announcement from them. I also prefer binance so for those that are in binance, kyc isn't a matter anymore since they're requiring it. Kucoin might also follow that decision of binance.
Whether there's no official announcement yet from the kucoin management, we just better be known and prepared that it's really going to happen.

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Quote from: Mahanton on December 11, 2021, 02:46:58 PM

Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Regardless, and back to the topic, determining which exchange should you use depends on your reason why should you want to use them. Users have different preferences in the first place. As for my reason, I use Binance because of direct P2P exchanges without dealing first on our local exchanges and most of my coins on my portfolio are actively trading there.

Nope. its not still mandatory or compulsory for someone to make out some KYC. They do still have that 1 BTC limit per day on unverified accounts.
https://support.kucoin.plus/hc/en-us/articles/4401857433241-How-To-Complete-KYC-Verification-PC-Version-
https://www.kucoin.com/news/announcement-regarding-the-adjustment-of-daily-withdrawal-limit

I did make out some research but it turns out they havent announced any new limitations.

I didn't use Kucoin for trading but have some experience in the past and yes, it never requires KYC for the small withdrawal of less than 1BTC but for bigger amounts, they are strictly asking for it especially for a newly created account. But what I guess, this mandatory KYC will soon to apply for all exchanges and I'm still going to believe that the use of exchanges is safe compared to P2P transactions.

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Well, this question always matters to traders which they prefer.
If you want an exchange platform that the more concern is privacy then you can go in Kucoin but if your concern is to trade and find an exchange platform that has a large volume of coins and traders, Binance is a good place for you and when you are ready to have heavy regulation, that is ho Binance can work. Overall exchnage platform Binance is still the best, perhaps there is nothing wrong if you entrust to them your privacy and make money to them.

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Quote from: blockman on December 11, 2021, 03:00:47 PM

Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Are you sure? AFAIK, they are still one of the exchanges that don't mandate it. Maybe for some cases since I've people telling that kucoin still don't require mandatory KYC and they still got a good limit from those unverified accounts.

There's no announcement from Kucoin yet that KYC is a compulsory thing, but since this is a centralized exchange, we better expect that they can require a KYC anytime and if we don't comply, they could freeze our account. So my choice would be Binance, getting fully verified before I start trading makes me feel comfortable and safe from any questions going further.

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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

People have different preferences, if you do not mind going through KYC then choosing binance to be exchange where you do this is a good choice, because as we know there are many exchanges with a bad reputation asking for that information and we do not know what they may do with it, so in that sense binance is a safe choice, however there are some people that prefer to maintain a higher level of privacy, and in that case then Kucoin seems like the obvious best choice among the two.

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Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Are you sure? AFAIK, they are still one of the exchanges that don't mandate it. Maybe for some cases since I've people telling that kucoin still don't require mandatory KYC and they still got a good limit from those unverified accounts.

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Quote from: harizen on December 11, 2021, 02:38:38 AM

Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Regardless, and back to the topic, determining which exchange should you use depends on your reason why should you want to use them. Users have different preferences in the first place. As for my reason, I use Binance because of direct P2P exchanges without dealing first on our local exchanges and most of my coins on my portfolio are actively trading there.

Nope. its not still mandatory or compulsory for someone to make out some KYC. They do still have that 1 BTC limit per day on unverified accounts.
https://support.kucoin.plus/hc/en-us/articles/4401857433241-How-To-Complete-KYC-Verification-PC-Version-
https://www.kucoin.com/news/announcement-regarding-the-adjustment-of-daily-withdrawal-limit

I did make out some research but it turns out they havent announced any new limitations.

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Correct me if I'm wrong but I think Kucoin already mandates the KYC requirements? If my memory served me right, they ask me for a KYC before I can withdraw. That was a few months ago and I'm sure I remember it right.

Regardless, and back to the topic, determining which exchange should you use depends on your reason why should you want to use them. Users have different preferences in the first place. As for my reason, I use Binance because of direct P2P exchanges without dealing first on our local exchanges and most of my coins on my portfolio are actively trading there.

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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.

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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.

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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.

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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.

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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.

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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

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Go with binance if you are OK with kyc.

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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.

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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.

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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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Quote from: ?? on ??

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.

ScamViruS

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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.

michellee

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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.

ibuddy122505

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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.

mu_enrico

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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.

AliMan

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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.

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.

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Quote from: Yamifoud on December 06, 2021, 09:11:24 AM

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.

crwth

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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.

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Quote from: sarmrakib on December 06, 2021, 08:20:00 AM

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.

doremonchina

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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

BigBos

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Quote from: mk4 on December 05, 2021, 08:35:22 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.

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.

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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.

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.

so98nn

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Quote from: mk4 on December 05, 2021, 08:35:22 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.

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.

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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.

If you care about submitting your personal identity, then choose Kucoin but if it was fine doing this, then go for Binance.
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.

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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!

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.

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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 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 .

Turbolantern

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Quote from: GreatArkansas on December 05, 2021, 07:00:04 PM

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.

Wow! FTX is #3?? Bigger than Kucoin?? How?? I definitely didn't expect that.

GreatArkansas

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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.

sheenshane

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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,

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.

Potato Chips

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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.

tvplus006

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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? ...

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.

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Quote from: AmoreJaz on December 05, 2021, 03:43:40 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.

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.

Fivestar4everMVP

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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 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.
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.

crzy

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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 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, 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.

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, 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.

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, 02:34:45 PM

Quote from: PhucS on December 05, 2021, 11:17:13 AM

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.

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Quote from: mk4 on December 05, 2021, 08:35:22 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...

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Quote from: mk4 on December 05, 2021, 08:35:22 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

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Quote from: PhucS on December 05, 2021, 11:17:13 AM

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.

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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.

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, 08:35:22 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, 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 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, 08:35:22 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.

JeromeTash

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Kucoin if you don't like submitting your KYC details for now, but this will also change over time. Initially, their withdrawal limit was 5 BTC every 24 hours for non verified accounts, but it has since been slashed to 1 BTC. You can deduce from the developments that sooner than later, KYC will also require mandatory KYC verification before trading in their platform.

Binance if you don't care about KYC. They do have lots of coins in there which you can trade on spot market as compared to Kucoin. They have also listed lots of futures and swap contracts in their derivatives market.

mk4

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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.

Turbolantern

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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.

Topic: Why should I use Kucoin over Binance? (Read 546 times)