Kucoin & Binance are the new Bittrex & Polo ? seems so.

[Metros]

I agree that Binance is much better than Bittrex now. With the recent issues happening, I am reluctant to trade in Bittrex. Haven’t hear of Kucoin, will check it out.

Anyone use Binance without verification... and if verified, anyone get verified without a passport?  Also, how much do you trust these new exchanges?  If you frequently trade it means you have to keep coins on the exchange for quick moves.

The daily withdrawal is 2 BTC for non verified users. I verified using my passport recently. A few month back, Binance refused to verify without a passport, I believe it should be the same now.

2BTC/day is fine with me. better with $100/day on Bittrex..

[NeuroticFish]

https://www.kucoin.network/

Register and see

First, this is a dirty trick. And I don't like it. This site sends the users to the exchange with your referral.
Second, I don't like the UI of kucoin. It is closer to Yobit UI than Poloniex. Polo still looks more professional.
And third, the number of coins exchanged is very small. How can you compare an exchange with 10-20 coins with something established and tons of coins?
No. The comparison doesn't stand. This is just a referral trick.

[Metros]

Lately a new "Exchange 2.0" taking over. Bittrex & Polo suffer from many complains, locking accounts and many other issues.

Kucoin & Binance are quite different. they have their own token which give benefits.

Both are going very big in Asia and International.

Check out how Kucoin perform vs other exchanges:

https://www.kucoin.com/

Your opinion?

A lot of exchange start ups try to impress their client when they are trying to register themselves in the mind of the participants in the market especially when the there are large number of players offering the same thing. The moment they get their target audiences and even surpass it just with few numbers, they also begin to be guilty of those things we are all accusing the big players today. Its just like someone comparing how fast a transaction on a coin platform is to bitcoin and by that decide its the best option without considering the amount of volume that is happening on the bitcoin network every seconds.

This is true. but we have no choise atm but to play this game.

Next year we will see more DEX and every thing will be better

[cryptohunter]

heard binance are trying to charge 150k usd listing fee? sounds extortionate to me.

[Poink]

https://www.kucoin.network/

Register and see

First, this is a dirty trick. And I don't like it. This site sends the users to the exchange with your referral.
Second, I don't like the UI of kucoin. It is closer to Yobit UI than Poloniex. Polo still looks more professional.
And third, the number of coins exchanged is very small. How can you compare an exchange with 10-20 coins with something established and tons of coins?
No. The comparison doesn't stand. This is just a referral trick.

First there seem to be a misunderstanding, everyone can check it out without registering...they just can't trade.

They (KuCoin and Polo) are different models and as mentioned Polo is a veteran exchange, I used to love it and was my main exchange  but I eventually left for Bittrex.  Bittrex and Binance are my go to exchanges now.  For me, KuCoin entered the picture recently due to RPX.  I really wanted to buy that coin and I can only get it from KuCoin.

I am one of those who is taking advantage of their referral system (shown in my signature) ...no shame there but just because I believe the exchange has a future after reviewing it.  I also bashed it here when they had problems but they corrected it and won me back.

[Savik]

heard binance are trying to charge 150k usd listing fee? sounds extortionate to me.

I’d love to know what Bittrex charges. I’m sure it’s a lot more!

[Poink]

heard binance are trying to charge 150k usd listing fee? sounds extortionate to me.

I’d love to know what Bittrex charges. I’m sure it’s a lot more!

Wow if that is true then they are making a killing...both from listing and the trading/transfer fees!

[Crankautist]

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

[Savik]

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Well sure, but we are all trading the same coins. This incentive program drives trading volume into their exchange. As opposed to BitConnect where someone will be left holding the bag at the end.

[Poink]

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Well sure, but we are all trading the same coins. This incentive program drives trading volume into their exchange. As opposed to BitConnect where someone will be left holding the bag at the end.

The big difference is that you are not putting out anything other than effort (no cost to you).  If you will trade anyway, why not?

I apply same logic in my credit cards, I get ones with cash back...collect the cash back w/o paying interest because I pay it in pull every month.  They pay me for using their service.

[NeuroticFish]

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Businesses use referral to attract customers, this doesn't make them a Ponzi. In this case there are still platforms where people can exchange coins versus other people.
What I pointed out was that OP came out with an over-scaled comparison just to lure people click on his ref link.

First there seem to be a misunderstanding, everyone can check it out without registering...they just can't trade.

If they did it right, even if somebody registers in a month, your referral link will still be in effect. Yes, it depends on how they do the referral policy.
And I think that you know that too.


The users have nothing to lose. Still, I don't like this ref practice.

[Metros]

Anyone use Binance without verification... and if verified, anyone get verified without a passport?  Also, how much do you trust these new exchanges?  If you frequently trade it means you have to keep coins on the exchange for quick moves.

I used Binance for quite a while with just the basic Level 1 account and no verification, but the 2 BTC withdrawal limit started to get in the way when I would move funds, so I used a passport and verified the next level up. I trust them, and I am aware of risks keeping coins on exchanges, but there are risks keeping coins in hardware/software wallets as well.

In the future we will have direct accress to DEX via Trezor or so

[pitiflin]

Lately a new "Exchange 2.0" taking over. Bittrex & Polo suffer from many complains, locking accounts and many other issues.

Kucoin & Binance are quite different. they have their own token which give benefits.

Both are going very big in Asia and International.

Check out how Kucoin perform vs other exchanges:

https://www.kucoin.network/

Your opinion?

I guess they are the underrated exchanges at the moment,a lot of people recommending it. Kucoin,people are recommending it for listing new ico coins and binance it has no fees for a few altcoins like neo and gas i guess. Bittrex I dont know what is going to happen they have been banning and blocking access to some of its users and poloniex aren't listing any coins and their daily withdrawal limit is low.. So maybe we are going to see a new exchanges taking over bittrex and poloniex.

[Poink]

Uhm so this is just a kind of murky pyramide ponzi scheme (referal system where you earn from referall fee with multiple levels) which hides behind a exchange?

Did i get it right?

Businesses use referral to attract customers, this doesn't make them a Ponzi. In this case there are still platforms where people can exchange coins versus other people.
What I pointed out was that OP came out with an over-scaled comparison just to lure people click on his ref link.

First there seem to be a misunderstanding, everyone can check it out without registering...they just can't trade.

If they did it right, even if somebody registers in a month, your referral link will still be in effect. Yes, it depends on how they do the referral policy.
And I think that you know that too.


The users have nothing to lose. Still, I don't like this ref practice.

Can't blame you and can respect that.  Thanks for the civil discussion

[Metros]

you are right, Kucoin & Binance are the chinese versions of Bittrex & Poloniex

Yes Kucoin even have chat in .cn language..

[Metros]

I'm starting to use Binance a lot more than Bittrex now if I can help it. The only issue is Binance not having the amount of coins I'd like to be trading in.

I have any thing I need on Binance, Kucoin, HitBTC, Liqui & EtherDelta..

[Metros]

It certainly seems like Binance and especially Kucoin are the hot topic right now in terms of exchanges, though given some time I expect to see a decentralised exchange really begin to dominate the market in the coming years.

Yes I hope. right now EtherDelta is not the most user-friendly but.. millions using it which is epic.

[Cicada1033]

https://www.kucoin.network/

Register and see

First, this is a dirty trick. And I don't like it. This site sends the users to the exchange with your referral.
Second, I don't like the UI of kucoin. It is closer to Yobit UI than Poloniex. Polo still looks more professional.
And third, the number of coins exchanged is very small. How can you compare an exchange with 10-20 coins with something established and tons of coins?
No. The comparison doesn't stand. This is just a referral trick.

KuCoin is only around for two months give it some time they are listing a new coin like every 3 days.


From their whitepaper:
2017.12 - Over 50 mainstream cryptocurrency pairs listed
2018.12 - 1,000+ cryptocurrencies listed

[Savik]

Im interested to see where Binance goes with their "Labs" section:

https://labs.binance.com

in a few years could we see ICOs offered directly through Binance and pay in BNB coins? Additionally Binance is adding BNB market pairs for just about everything they already have. And while we are on this Binance love fest, here is a referral link if you'd like to sign up for them too:

https://www.binance.com/register.html?ref=10180792

[Similificator]

Lately a new "Exchange 2.0" taking over. Bittrex & Polo suffer from many complains, locking accounts and many other issues.

Kucoin & Binance are quite different. they have their own token which give benefits.

Both are going very big in Asia and International.

Check out how Kucoin perform vs other exchanges:

https://www.kucoin.network/

Your opinion?

Kucoin, i haven't heard of it before till now. Gonna have to check that out.
Binance on the other hand really has great potential to grow bigger than it is today and really rewch the level of bittrex and polo. (Dont like polo that much to be honest)