What's up with Binance exchange? and upcoming so called competitor "Kucoin"?

[puremage111]

Tbh, i visited their website, seems good and neat

But what's make them so special compare to most other exchange? It just suddenly went popular out of suddenly. Is it because of NEO? or because of the Binance coin or something else?

Then, recently i been looking for some similar service but doesn't buyback tokens but revenue sharing on fees.

I found out Coss, then i also saw this new coin name as "Kucoin".
People have been claiming it could be a threat towards Binance because of its model and the way they share their revenue.

Binance: Buy back
Kucoin : Revenue Share up of 50% / Affiliate model up to 40%

Website: https://www.kucoin.com

Kindly share your opinion

[1714323294]

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[unusualfacts30]

Interesting website. I just used it and they're quite fast in depositing tokens. Took only 10 minutes for my deposit to show up in my account. It asks for 2fa when you try to buy which is quite different and safer. I'll continue using it and report back.

[puremage111]

Interesting website. I just used it and they're quite fast in depositing tokens. Took only 10 minutes for my deposit to show up in my account. It asks for 2fa when you try to buy which is quite different and safer. I'll continue using it and report back.

Yea, security wise there it seems

Although it may sound annoying for every transaction but i assume it would minimize all the risk of coins in account as the 2FA might secure it

[Triload]

Kucoin can't compete with Binancecoin because they lack of user base. But there is new ICO called qash, aka quoine will be regulated by Japanese gov will beat binance.

[Nalbo]

Binance is so simple and complete. It doesn't have a shitton of scam coins. Though it misses some popular coins like monero, I feel great trading on it.
I haven't been to KUcoin though.

[Poink]

I am a member of both and they are very similar.

Word has it that Kucoin is owned by the same company that owns Binance.  They have a very similar structure, even their own coin...the rewards, discounts, and buy back program.

If the speculation is correct, Kucoin came to being so they can accommodate Chinese nationals which Binance can't currently.  If this is true then Kucoin may turn out to be bigger than Binance.

I read also that NEO founders are invested on Kucoin.  Not hard to believe given they are favored in listing RPX, the no fee NEO/GAS withdrawals, the RPX/NEO, RPX/GAS pairing etc.

All-in-all I see great future for this new exchange.

My shill...they have a referral program.  Please consider using mine if you are interested on joining Kucoin.  Thanks.
https://www.kucoin.com/#/signup?r=E3ITtU

[shinratensei_]

Kucoin can't compete with Binancecoin because they lack of user base. But there is new ICO called qash, aka quoine will be regulated by Japanese gov will beat binance.

Did you mean about quionex and cryptos exchange site? So? what makes you believe about the quione can compete with the binance exchange site? I don't know about the system that already offered by both of exchange sites.
Interesting to see the more companies are interested to build their future exchange site.
About kucoin, and sounds just like a dividend to the token owners right?

[ivanst776]

Wow! That is pretty nice.
Very simple interface and though the market is still a bit small, but it seems pretty nice to use as long as they won't end up as a shitty exchange. However, it is obvious the days of shitty exchanges like yobit are starting to be over as some of these exchanges specifically for altcoin markets are popping up.

I have seen coss exchange too and they also have their coins and it seems like a project that would obviously give a boost eventually.

[beerlover]

Interesting website. I just used it and they're quite fast in depositing tokens. Took only 10 minutes for my deposit to show up in my account. It asks for 2fa when you try to buy which is quite different and safer. I'll continue using it and report back.

That is great to know you have tried it. Although, I noticed the tokes are not much yet but over time, I guess they will keep upgrading on the number of tokens. It is also good to know they keep their securities at check and which is nice considering the number of attacks with exchanges so far.

Nevertheless, I will still keep giving them some time though, until I am sure they are really going to be worth it but for now, binance has been good so far.

[unusualfacts30]

Interesting website. I just used it and they're quite fast in depositing tokens. Took only 10 minutes for my deposit to show up in my account. It asks for 2fa when you try to buy which is quite different and safer. I'll continue using it and report back.

Yea, security wise there it seems

Although it may sound annoying for every transaction but i assume it would minimize all the risk of coins in account as the 2FA might secure it

it's for only first transaction it seems. I'm not sure the reason behind it but good enough for me. You're right, 2FA every time you buy would be little annoying but that doesn't seem to be the case. I'm impressed by their deposit time (it has been fastest I've ever seen), haven't tried to withdraw yet.

[slaman29]

I am a member of both and they are very similar.

Word has it that Kucoin is owned by the same company that owns Binance.  They have a very similar structure, even their own coin...the rewards, discounts, and buy back program.

If the speculation is correct, Kucoin came to being so they can accommodate Chinese nationals which Binance can't currently.  If this is true then Kucoin may turn out to be bigger than Binance.

I read also that NEO founders are invested on Kucoin.  Not hard to believe given they are favored in listing RPX, the no fee NEO/GAS withdrawals, the RPX/NEO, RPX/GAS pairing etc.

All-in-all I see great future for this new exchange.

My shill...they have a referral program.  Please consider using mine if you are interested on joining Kucoin.  Thanks.
https://www.kucoin.com/#/signup?r=E3ITtU

This I wouldn't be too surprised to learn. They both feel the same, even if they have different models. My wariness with them is just simple. They are now fast and they are listing a number of ICO coins which I feel is a sort of secret tactic that's win-win for both (ok you let me buy at big presale discount, and I can start selling and listing you immediately).

Binance and Kucoin feel very Chinese, even if they cannot express that yet.

[Makkan]

I've been trading on kucoin for a couple of days, and i like it.
The 2FA is valid for 2 hours, but i think you only need to reenter it if you doesn't make a trade for that amount of time.
(Make a trade every hour and you don't need to reenter the 2FA)