KuCoin vs Binance

[Fatunad]

Binance and Kucoin are both exchanges with large trading volumes and both have been the best exchanges so far, I have previously used Binance exchange for trading and withdrawals but after Binance was asked to verify identity information (KYC) for its users and I finally decided to switch to Kucoin exchange because I don't want to risk my personal information.

Many people would like to keep themselves anonymous and they don't prefer for having a KYC and its nothing wrong with it one of the exchanges suitable for them is the Kucoin also even though you dont have a KYC you can access their good feature security like 2FA too. But of course, people would like to choose the known and reputable exchange already so most of the newbies and newcomers prefered the use of Binance over the Kucoin. Also, is crypto.com another good exchange too.

Some do really take anonymity seriously on which they would really be exchanging on dealing with the current top exchange into another one which is also known as legit but couldnt really be sure if it would give on the same experience that they could possibly get or experienced in Binance.I dont have any experience on using Kucoin though since ive been a long time verified user in Binance for a while before that mandatory KYC is been asked but speaking with real experience and stuffs then i dont really have any complaints from this one.

[rojan]

One of the things I like most about Binance is Binance. I use Binance because I think it's safer.  I don't use KuCoin much.  I do all the transactions in Binance.  I think Binance is safe.

[doomloop]

Binance and Kucoin are both exchanges with large trading volumes and both have been the best exchanges so far, I have previously used Binance exchange for trading and withdrawals but after Binance was asked to verify identity information (KYC) for its users and I finally decided to switch to Kucoin exchange because I don't want to risk my personal information.

Many people would like to keep themselves anonymous and they don't prefer for having a KYC and its nothing wrong with it one of the exchanges suitable for them is the Kucoin also even though you dont have a KYC you can access their good feature security like 2FA too. But of course, people would like to choose the known and reputable exchange already so most of the newbies and newcomers prefered the use of Binance over the Kucoin. Also, is crypto.com another good exchange too.

This is also what I noticed that many newbies only talked about binance when it comes to trading their cryptos I think its because binance is being advertised anywhere but I can only see less promotions happening on kuckoin but time will come when those newbies are not newbies anymore, they will get themselves involved on any other exchanges.

KYC is something that most of us allergic on because men this is cryptos and we used to know cryptos as a decentralized currencies right? Thankfully there are exchanges that do not force people to do kyc and yet experience a good service. No doubt that crypto .com is also a trusted one after these two.

[Woodie]

Because I use both, for me I find it hard to separate two reputable exchanges that have existed for a long time & and because both have their own strengths I want to believe they complement each other and not really rivals which should be a good thing.

But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.

[TimeTeller]

Because I use both, for me I find it hard to separate two reputable exchanges that have existed for a long time & and because both have their own strengths I want to believe they complement each other and not really rivals which should be a good thing.

But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.

I don't know if kucoin has something like SAFU, an insurance for their customers. Which binance has.
I am also using kucoin in some of my trades but haven't checked about their insurance offering.
The good thing in both of these exchanges is they have very good liquidity so it is easy to fill your orders.
Though some don't want to fill-up with KYC, the reason why they are choosing kucoin.
However, I believe it is only a matter of time and kucoin will also ask KYC from all their customers.

[bakasabo]

I think KuCoin dont have a SAFU, or the size of their fund is very low. Because when they got hacked in September 2020 and $281 million worth crypto was stolen, it took them only 2 months to open deposits and withdrawals. And it took some extra time to return funds to users. But with Binance SAFU, if I understood it correctly, the exchange would continue full work even during investigation.

[pinggoki]

Because I use both, for me I find it hard to separate two reputable exchanges that have existed for a long time & and because both have their own strengths I want to believe they complement each other and not really rivals which should be a good thing.

But i suppose if this were a popularity contest, i think finance would win this one thanks to the different products that it has on the market that has helped its name get out there.

I think that it's more of a preference rather than anything else because it's not like they differ entirely, and it's not a lot of people that's using these exchanges that specifically use a feature exclusive to each of them. I use Binance but I am open to use KuCoin although I don't have a lot of money and crypto to go around so I don't have any big reason to switch or use both.

[shawon01]

Binance is one of the most popular exchangers now. We are all familiar with it. We see that everyone is transacting through this finance. The reason is that it is very secret. It is very good.  I use it because I think it's safe for me
There are many other exchangers like Binans, they are used but they are not used much because all the transactions are done.