Kucoin vs FTX...which one do you recommend?

[9thsky]

And why?

[BitMaxz]

Actually, I never heard about FTX before until someone talks about it recently there is an app called Blockfolio it's a portfolio tracking tool and now become FTX.
What I heard before with this exchange is that the Bitcoin withdrawal fee is free compared to Kucoin that deducts mining fees for withdrawal.

FTX is now changed its mind about unverified users and you can't able to deposit, trade, and withdraw if you are not KYC verified but their teir 1 KYC verification doesn't need any government IDs and only take name and address to become tier 1 KYC verified but the withdrawal limit is around $2000.

Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.

Honestly, never use FTX so I can't decide how good they are but as I said above FTX is new to me that is why I don't know if how good FTX exchange is the only advantage of this exchange is that the Bitcoin withdrawal fee is free.

I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.

[mk4]

FTX:

• Cheap/free withdrawals, capped at $2000 per day without KYC
• A bit more regulatory friendly, probably a lot less likely to get pursued by the authorities
• Overall great reputation

KuCoin:

• Existed longer
• Far higher withdrawal limits
• Probably somewhat close to Binance in terms of the likeliness of them pissing off the regulators

[9thsky]

Actually, I never heard about FTX before until someone talks about it recently there is an app called Blockfolio it's a portfolio tracking tool and now become FTX.
What I heard before with this exchange is that the Bitcoin withdrawal fee is free compared to Kucoin that deducts mining fees for withdrawal.

FTX is now changed its mind about unverified users and you can't able to deposit, trade, and withdraw if you are not KYC verified but their teir 1 KYC verification doesn't need any government IDs and only take name and address to become tier 1 KYC verified but the withdrawal limit is around $2000.

Unlike Kucoin that you can still able to withdraw around 1BTC limit daily without KYC which is big enough compared to FTX.

Honestly, never use FTX so I can't decide how good they are but as I said above FTX is new to me that is why I don't know if how good FTX exchange is the only advantage of this exchange is that the Bitcoin withdrawal fee is free.

I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.

FTX:

• Cheap/free withdrawals, capped at $2000 per day without KYC
• A bit more regulatory friendly, probably a lot less likely to get pursued by the authorities
• Overall great reputation

KuCoin:

• Existed longer
• Far higher withdrawal limits
• Probably somewhat close to Binance in terms of the likeliness of them pissing off the regulators

Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?

[dimonstration]

Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?

It depends on what fiat currency you are withdrawing. They have same feature in terms of withdrawal capacity. The only edge of FTX is there leverage trading since its an advance version and that's the FTX arsenal feature. But Kucoin list gem coin more often since FTX is very careful on selecting the coin that they will list compared to Kucoin.

I suggest that you should indicate too your preferred feature of an exchange so that we can recommend a proper exchange that suitable for your taste. We can put all the features here but it will be hard for you to assess if you are still new.

[9thsky]

Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?

It depends on what fiat currency you are withdrawing. They have same feature in terms of withdrawal capacity. The only edge of FTX is there leverage trading since its an advance version and that's the FTX arsenal feature. But Kucoin list gem coin more often since FTX is very careful on selecting the coin that they will list compared to Kucoin.

I suggest that you should indicate too your preferred feature of an exchange so that we can recommend a proper exchange that suitable for your taste. We can put all the features here but it will be hard for you to assess if you are still new.

Just spot and limit orders.
It says on their site that they do not support fiat withdrawals (kucoin). Just read it before posting the above but can't find it for some reason.

[mk4]

Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?

Not sure about KuCoin but yes you can do so with FTX, probably depending on what country you're in. And yes, you need AML/KYC. I don't think there's a single legitimate exchange that allows bank withdrawals that doesn't need AML/KYC lol.

[mindrust]

Kucoin, without a doubt. I never heard anything bad about kucoin and on the other hand I heard some bad stuff about FTX. I can't remember them all but FTX is probably not as safe as Kucoin. I've been using kucoin actively for years and never had any problems. They never asked for KYC neither which is a huge plus.

[Woodie]

Kucoin vs FTX...which one do you recommend?

For starters i have never heard of FTX, despite having a clue of what this could be from similar names i have encountered which is something likely to do with Forex and unfortunately we cant apply assumptions to such a comparison, perhaps an introduction of FTX will be appreciated!

On the other hand Kucoin is a well known name in the crypto ecosystem who need no introduction and I use them from time to time and based on this, if am still given a choice to pick between the two i would go with Kucoin...no hard feelings FTX

[ice18]

When Im using CEX I always consider deposit and withdrawal functions and both are instant and fast, but if I consider withdrawal fees FTX has much less compare to Kucoin especially if we try to withdraw ETH. KUcoin has really huge fees like $25 to $40 while FTX covers almost half of it. I only have one problem encounter when I try to trade my XRP they dont allow me since my account is only at Tier1, you need to be fully KYC verified before you can trade XRP.

[Rruchi man]

Kucoin vs FTX...which one do you recommend?

For starters i have never heard of FTX...

Same here, the two most familiar exchanges are Binance and Kucoin in my locale. Binance is user friendly in terms of user interface and easier to navigate through and people trade a lot on it. Kucoin on the other hand seems a bit more complex for a new user. I recently started using Kucoin as it had some altcoins listed that i wanted to invest in but couldn't find on binance.  Presently, it is my preference because of the availability of more altcoins to trade.

[Tigerheart3026]

And why?

kucoin, now in all of the reputed exchanges only kucoin is not require to kyc. and if you compare between ftx and kucoin, kucoin is familiar,
and this exchange is user friendly for wide range of investors and traders. i've using in couple of years without face issues. everyone can't use ftx without kyc, even deposit will enable after kyc.

[Findingnemo]

I will pick the exchange where the fees are lower especially withdrawal fee so in that case FTX seems to have less fee structure so I will go for it and I expect FTX will become one of the biggest crypto exchange like Binance in very short time because I am observing their advertising strategy which is reaching everywhere now.

Another advantage is no ID so users who really cares about privacy can pick that for spot trading but to withdraw it as fist p2p still the best way to be anonymous.

[Tigerheart3026]

I will pick the exchange where the fees are lower especially withdrawal fee so in that case FTX seems to have less fee structure so I will go for it and I expect FTX will become one of the biggest crypto exchange like Binance in very short time because I am observing their advertising strategy which is reaching everywhere now.

currently most likely in ftx exchange i see low fees in withdrawal even though i have seen a article which is published ftx website,
 
this exchange no fee needed to withdraw minimum 0.01 btc, and 2 blockchain confirmation in top various token transaction. unlikely their advertisement not aggressive because not much people heard this exchange still.  

[Sihab76]

And why?

FTX and Kucoin both exchange are centralized exchange but compared between two I support Kucoin the best. Kucoin the most important and popular centralized exchanges after Binance exchange. It all time launched high quality projects.

[Furious 7]

I've been using the Kucoin exchange for a long time without KYC and it runs without any problems it's become a very popular exchange so for me Kucoin and FTX are definitely different but from what I've experienced Kucoin is still better.
I've done 2x transactions on FTX and it's also easy, lower withdrawals, especially my TRX is free, the withdrawal is normal, but with the OP who wants to withdraw fiat money, what I know is that it must meet KYC requirements and depending on which country supports fiat money that.

[GreatArkansas]

I have an account on both exchanges. I already them both.
But I started not to use Kucoin and started to use FTX Exchange. FTX Exchange is a very easy to use the exchange, cheap transaction fees especially if you stake some of FTT tokens, free withdrawals for some asset, especially on ERC20 tokens or Ethereum.

[arbifahrozy]

I recommend both are best and and both have a great feature but koucoin not available in some country as legal so that's why some not using this but if we see as a trading setup koucoin is a best choice

[tvplus006]

...I already trade on Kucoin as a non-verified user so Kucoin would be still the best choice compared to FTX due to the withdrawal limit and there are more coins and pairs that you can trade compared to FTX.

I have registration on both exchanges and use each exchange to perform individual tasks. Since I keep the FTX exchange coin in the staking, I have one free withdrawal per day to the ERC-20 network and I use it if necessary. Ku coin is used by me only to buy new coins.

[Tumanggor]

And why?

Both exchanges have their respective advantages and disadvantages

the drawback of binance is that WD fees are more expensive than FTX while the drawback of FTX is that it doesn't have a complete coin pair compared to Binance

Now all you have to do is choose which one suits your needs