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Author Topic: Time to choose Kucoin ???  (Read 13970 times)
IvugeoEvolutionCoin
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May 10, 2019, 07:32:50 PM
 #41

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??

I do not see any reason to jump into an exchange that mimics Binance in all ramifications, from marketing to product offerings and operability. Plus, no exchange is unhackable. It is their ability to provide cover issuance to members against loss of funds that separates them all

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dunfida
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May 10, 2019, 07:37:02 PM
 #42

I do agree with you and kucoin is also good exchange but the main reason why traders will stick to binance is the fact the binance exchange has the highest liquidity and volume that makes it the number one choice for traders.
On point! If we do just base on volume then theres no doubt that Binance do really have it but i doubt if they would able to retain such thing nowadays yet they do
already have that security issue and for sure that trust would really be mainly affected.Some may jump out but for sure there are people who would retain. No exchangers
is completely safe thats why i cant say that i would choose up Kucoin over Binance.

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May 10, 2019, 07:44:20 PM
 #43

Kucoin is great and I'm currently trading for my Telcoin tokens. And I would say it's a great exchange and one of the safest. Despite what happened to Binance it is still preferred by many traders and many are aware that it's not solely fault by Binance but the user's itself. Some users got their account compromised and the hackers withdraw all the funds and it showed some flaws in Binance withdrawal system. And never leave your assets in any exchanges.
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May 10, 2019, 11:54:27 PM
 #44

I talked about something similar with someone on this forum just recently. I have been using the Kucoin exchange for a long time and consider it one of the best.

Well, I do not think so. If Binance can be hacked, then it means no exchange is totally safe from hack, except there is one that has been able to put up an extra security measure.
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May 11, 2019, 03:13:01 AM
 #45

I think Kucoin will exist as long as the exchange is still active and after that, who knows what will happen TBH.
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May 11, 2019, 03:22:17 AM
 #46

You need to keep in mind that only about 2% of all funds were taken away from Binance hot wallet, most of funds are safe and those users who lost their funds will be reimbursed.

Kucoin is also a good exchange but stop hitting on binance just because it got 'hacked'.

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steveabrahams
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May 11, 2019, 03:27:22 AM
 #47

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
Nope, i still trust binance. I know binance just got hacked a few day ago but at least they have responsible and not run. Here is the recent update from binance https://www.binance.com/en/blog/333497959022997504/Binance-Security-Incident-Update. This hacked tragedy will makes binance security more stronger than before.
Pffrt
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May 11, 2019, 03:27:40 AM
 #48

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
Kucoin have way better security tools. You will have 2 different accounts on that exchange. Trade balance and overall asset. If you want to transfer from ome to another, you will be required to give an 6 digits pincode. I guess it's a good way to avoid any kind of issue like this. Kucoin is a rapidly growing exchange and I think they will soon be on the top of all.
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May 11, 2019, 03:56:26 AM
 #49

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??

Yes, binance did failed to secure the information of their user causing loss to the exchange and hassles for the users.
But dumping binance completely and moving to another exchange is not a solution.
Traders should diversify their trade and be involved in a number of exchanges to secure their investments.
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May 11, 2019, 03:57:21 AM
 #50

You can guarantee that binance doesn't slack when it comes to security, it just happens that the hacker is extremely skilled and has enough patience to execute his/her plan. With that said, Kucoin, like any other exchange will have some kind of security flaw that would only be revealed if it caught the attention of a skilled hacker. It really doesn't matter what you choose to use.

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May 11, 2019, 04:06:40 AM
 #51

You can guarantee that binance doesn't slack when it comes to security, it just happens that the hacker is extremely skilled and has enough patience to execute his/her plan. With that said, Kucoin, like any other exchange will have some kind of security flaw that would only be revealed if it caught the attention of a skilled hacker. It really doesn't matter what you choose to use.
There is no exchange that is safe in this market and it can be attacked at any time if there is a major flaw from the development team of that exchange. I think raising security is necessary and we need to have insurance when participating in exchanges. I personally choose Binance as the top exchange because they have very good policies for investors. Also Kucoin is only my fourth choice because there are still many other exchanges better than Kucoin
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May 11, 2019, 04:19:35 AM
 #52

You can guarantee that binance doesn't slack when it comes to security, it just happens that the hacker is extremely skilled and has enough patience to execute his/her plan. With that said, Kucoin, like any other exchange will have some kind of security flaw that would only be revealed if it caught the attention of a skilled hacker. It really doesn't matter what you choose to use.
There is no exchange that is safe in this market and it can be attacked at any time if there is a major flaw from the development team of that exchange. I think raising security is necessary and we need to have insurance when participating in exchanges. I personally choose Binance as the top exchange because they have very good policies for investors. Also Kucoin is only my fourth choice because there are still many other exchanges better than Kucoin
As like I mentioned above, Kucoin is putting much effort to ensure better security for their customers whoch is why they have introduced several features on their Kucoin Version 2.0, I guess they will be huge in future.
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May 11, 2019, 04:23:23 AM
 #53

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??
Kucoin is good, this exchange can be an alternative to binance. but I prefer exchange Okex or Bittrex. they have almost the same quality as binance. Kucoin maybe good, but last year I got negative rumors about the exchange so I was more aware of it. so I rarely use it. I'm afraid this can be the same fate as binance.

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May 11, 2019, 05:10:05 AM
 #54

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??

It's a good alternative, I am using Kucoin platform and I have not encountered any problem, they do give a share of their revenue, and that's really great, but about security, so far there has been no hacking incident, but they are very slow to add new coins, there are only a handful coins in their platform.

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May 11, 2019, 06:19:21 AM
 #55

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??

For me in my opinion all exchange are not safe, they have all risk once you get use their platform site. Meaning, this will depend on your belief and trust in the exchange dude. Since that We heard a bad news about in binance, it became an advantage to other exchange site to make other traders transfer their coins into KCS, and besides kucoin for me is one of the good exchange platform to be use too.
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May 11, 2019, 06:22:51 AM
 #56

As Binance failed to prove it is safest exchange also there is less features compare to Kucoin . Kucoin gives revenue sharing for KCS token in exchange more over its also having IEO and other option compare to Binance Kucoin giving more option . What you guys think about binance alternative??

For me in my opinion all exchange are not safe, they have all risk once you get use their platform site. Meaning, this will depend on your belief and trust in the exchange dude. Since that We heard a bad news about in binance, it became an advantage to other exchange site to make other traders transfer their coins into KCS, and besides kucoin for me is one of the good exchange platform to be use too.

The problem is exchanges storing the funds.
Hackers would always find out some flaws to exploit for stealing the stored funds and the solution is not to store users coin by an exchange at all.
Though it may be a bit a time consuming process, the exchange should only match trades and just transfer it between user's cold wallet without storing anything on itself.


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May 11, 2019, 06:25:42 AM
 #57

for me it is safer to choose Bitcoin and save it in the cold wallet,
Coins and binance are not much different, both coin exchangers, the difference is the price and function.
the rest is not much different.
but if I have to choose which one is good, I choose KCS which is still cheap and holds it for future investment.

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May 11, 2019, 08:03:37 AM
 #58

Kucoin is a good exchange, i like it but it don't have such volume like Binance have. It is a good thing Kucoin was not hacked yet, but unfortunately we know every exchange can be hacked. I hope Kucoin will become attractive alternatives, but for now Binance is still most large and powerful exchange in spite of hacking.

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May 11, 2019, 08:34:44 AM
 #59

Kucoin is one of my favourite alternative exchanges and I love there service but leaving binance for kucoin doesn't make any sense ,binance is just better ,just view it like this and ask yourself what if the stolen 7000btc was stolen from kucoin what do you think will happen to kucoin now?

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May 11, 2019, 08:44:26 AM
 #60

I've been trading on Kucoin And I must say that I'm impressed with their security. This doesn't mean it's better than Binance in all ramifications though. I also like the dividends I get from holding KCS even though the price is shitty right now. Kucoin recently added a FIAT gateway with VISA and that's a plus.
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