KuCoin vs Binance

[TinaK]

I used both exchanges, Binance and Kucoin but when Binance put heavy KYC requirements I decided to use another exchange and I choose Kucoin because this is not strict when it comes to KYC procedures. But there are traders who always matter on the reputation, they will not engage to an exchanger that has dozen of complaints against them and KYC isn't a problem with them.

The reason my friend wasn't left behind on the Binance was that he like those features have, the high trading volume, the fast and easy withdrawal and to fund the exchange site online. But I noticed even Binance was put heavy regulation on their own and we hope someday.

[Xinarae*]

KuCoin and Binance is able to handle large amounts of transactions without having to endure significant downturns during transactions, it feels a fair share of issues from time to time including unexpected maintenance and security vulnerabilities. Nevertheless binance is one of the most important exchanges and the most popular site binance is one of the leading altcoin exchanges, offering bitcoin and 15 other top cryptocurrencies including the top 40 most popular currencies instantly. Also you can sell them for some supported national currencies.

[iv4n]

At least KuCoin still doesn't have a mandatory KYC policy as Binance has from recently!

For real? If I'm not mistaken, KYC is already a mandatory requirement in Kucoin to fully use their service. I mean, you need to at least submit your personal information before you can access the withdrawals (not sure though on deposits).

Well, I didn't make a deposit there for a while... but when it comes to withdrawals that works just fine, I had one a few days ago and everything was fine!

Now that Kucoin do still stick out with that considerable limit on unverified accounts then for sure there are lots of people who had been preferring this one.

Accent on "still"! I believe that will change one day, I am not sure will it happen sooner or later, but looks like all centralized services have that direction! When that happens I am moving to DEX, I guess they will never ask for KYC!

[judaspriest]

Binance and Kucoin are two very good exchange platform.These two exchanges are very popular. If any coin is a list of binance or kucoin all the coins are pumping a lot. Binance Kucoin has the most investors in all these exchanges and is always trading Does.However, between the two exchanges, binance and Kucoin, the binance exchange is a popular.

We need not doubt the credibility of the two exchanges,
The exchange between Kucoin and Binance certainly has its advantages and disadvantages,
what is clear is which one is the best, it comes back to each person's point of view

[K4C]

Some time people say a funny questions because kuCoin and binance can't beat each other because binance already beat a kuCoin and the binance is the big exchange and the most secure and speedy exchange there work is so good and without any problem anyone use this .

[Axelseseclevz]

I already used both Binance and Kucoin in the past years and both are the best exchange for me. I have never encountered any problem on their exchange until now and it's really good to trade and hold coins on their platform. I felt that my asset is more secured there than in the other exchange. Also, it's not good to stay your assets in exchange for so long.

[Sweetbtc]

Both exchanges are my favorite I am using both exchanges. but Binance is a top exchange in the world. in my opinion, Binance is good for trade because it has P2p here we can trade cryptocurrency to PKR and PKR to cryptocurrency I mostly like P2p in Binance.

[ScamViruS]

Some time people say a funny questions because kuCoin and binance can't beat each other because binance already beat a kuCoin and the binance is the big exchange and the most secure and speedy exchange there work is so good and without any problem anyone use this .

These two exchanges were new when this thread was created, so there is no doubt that binance is now far ahead of kucoin. But each trader has their own preferences so there are many traders who trade on these two exchanges, so there is no arguing about who is the best. But Binance kyc mandatory in recent times has created an impact among traders. On the other hand, traders can use kucoin without kyc.

[2girls]

I am using both exchanges. Interface, security, withdrawal, and deposit systems are almost the same. Both verify the user correctly before withdrawing funds. Almost everything is the same, there is a little bit difference that is in trade history. Binance has an advanced trade history page. For me, both are best but Binance is great.

[Fivestar4everMVP]

So I've been doing some research on this topic.

Personally, I prefer KuCoin, since their UI looks really nice and I like the KCS bonus (I referred myself ) Also they add the new currencies faster.

What are your thoughts on this?


Some links I found:

https://coinanalysis.io/kucoin-vs-binance/

https://cryptofastlane.com/blog/kucoin-vs-binance-exchange-kucoin-better-binance-best-cryptocurrency-exchange/

This is are great exchanges and for me, it's a bit hard to say which I like better cus I clearly like them both, I've used binance alot of times but I think I've used kucoin much more due to the fact they have more coins listed than binance, one area which I must say that binance beat kucoin for me is that binance supports peer to peer trading in my country and also have my local currency list on the platform, but aside this, I would have choosed kucoin cus of their diversity.

[repear7]

Binance and Kucoin are much more popular nowadays. There are many reasons for this, these two exchangers are much more trusted. I have been using Binance & Ku coins ever since I came to this cryptocurrency. But trading volume is higher than that of Ku Coin. And when I buy a token, I buy it at Binance. Because there is less chance of damage.

[Farma]

I think both are good but from my point of view I want to keep Binance one step ahead. I like Binance based on all aspects of it, especially security and other new features. Kucoin is also a good exchange among all others and if we look at the ranking then you will see that Binance is the top position in the world crypto currency exchange.

both are indeed very good exchanges. in fact, in my opinion, it is the exchange with the top position. So far, I've used both. however, since Binance requires KYC, I tend to use Kucoin more often than Binance. well, as we know that Kucoin currently still allows its users to trade without KYC verification, so I think for people who do KYC on binance, it would be better to make transactions on Kucoin.

[boyptc]

Binance and Kucoin are much more popular nowadays. There are many reasons for this, these two exchangers are much more trusted. I have been using Binance & Ku coins ever since I came to this cryptocurrency. But trading volume is higher than that of Ku Coin. And when I buy a token, I buy it at Binance. Because there is less chance of damage.

Binance has a higher volume and they've made KYC mandatory for all of their users, if you're registered and you've got funds there, you have to pass the kyc as they mandated it.

If not, you're not able to trade but you can withdraw your funds. You're only allowed to withdraw but they've removed the feature trading for unverified accounts.

Whilst in kucoin, you're still free and no need for kyc.

[boyptc]

Binance and Kucoin are much more popular nowadays. There are many reasons for this, these two exchangers are much more trusted. I have been using Binance & Ku coins ever since I came to this cryptocurrency. But trading volume is higher than that of Ku Coin. And when I buy a token, I buy it at Binance. Because there is less chance of damage.

Binance has a higher volume and they've made KYC mandatory for all of their users, if you're registered and you've got funds there, you have to pass the kyc as they mandated it.

If not, you're not able to trade but you can withdraw your funds. You're only allowed to withdraw but they've removed the feature trading for unverified accounts.

Whilst in kucoin, you're still free and no need for kyc.

Higher volume make us easy for selling and buying coin will filling faster although with limit order, I think Binance coin listing always have much volume transaction but right now have new rule without passing KYC you can't trade and withdraw coin on bincne, but have weakness with Binance when you try withdraw above $5,000 always ask KYC again although you have did before, I see many complaint on group channel they need to pass KYC when withdraw bigger amount.

Yes.

We all want a higher volume exchange for an easy liquidity and with these two, we can guarantee that. Is that for sure about binance? I haven't withdrawn that much yet there.

When it comes to higher amount of withdrawals, I think each exchange has their mechanism when it has become an activity that they're not used to with your account.

[stepwilli]

Higher volume make us easy for selling and buying coin will filling faster although with limit order, I think Binance coin listing always have much volume transaction but right now have new rule without passing KYC you can't trade and withdraw coin on bincne, but have weakness with Binance when you try withdraw above $5,000 always ask KYC again although you have did before, I see many complaint on group channel they need to pass KYC when withdraw bigger amount.

He just said that you can withdraw but cant trade if you do not comply to KYC and for the KYC to be done again when withdrawing higher funds, that is normal and happens to with other exchanges. Normally exchanges like this has a different set of benefits depending on the level of your verification.

These are the pros and cons between kuckoin and binance. Better if we identify first if which exchange suites us before making a deposit so that we do not waste time and money. Currently myself do not use either of the two but I have been using a local exchange instead as they are more easier to use and I can convert my cryptos to our local currency directly.

[noormcs5]

He just said that you can withdraw but cant trade if you do not comply to KYC and for the KYC to be done again when withdrawing higher funds, that is normal and happens to with other exchanges. Normally exchanges like this has a different set of benefits depending on the level of your verification.

Do you think it's normal process if you have to KYC more than once for withdrawals just over $5000, I mean do KYC in the same way only for the act of increasing the withdrawal limit. Due to this weakness, binance reportedly lost 3% of its customers due to mandatory KYC, some traders prioritize their anonymity to avoid anything related to KYC.

It's a bitter fact but on a good centralized exchange that has good liquidity, you will have to do the KYC. There are a number of reasons for this. The exchanges have to comply with the government regulations and also they do not want to be involved in any sort of money laundering act.

If anyone wants to trade on the KYC free platform, then the dex are the best option. You can trade on uniswap for ethereum based tokens or on pancakeswap for bsc based tokens. However, the dex experience is not much mature at the moment. There is no future trading, margin trading on these decentralized exchanges.

[bounceback]

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.

[smartaction]

Kucoin is a great exchange but Binance is more better then Ku-coin. kucoin is controlled by bot.  If you sell a token there, you can't easily sell it at a fair price.  If you place an order, the bot will immediately drop your order. But Binance is totally smooth to use and trading. Here you will able to sell your crypto-currency for a fair price and it will instantly. Binance exchange totally controlled by human like you. But here binance have a problem recently. Binance must need kyc verification. But Cu-coin you can still use without Kyc verification.

[Peanutswar]

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.

[Benefactor]

It is as yet a long ways behind, all things considered. Binance clients have become colossally throughout recent months, as Bittrex isn't tolerating new clients. When tracking down a trade to utilize I generally check out the volume on that trade, so as I would see it binance is still better compared to kucoin.