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Author Topic: Binance vs Kucoin vs FTX... Which to go with (KYC non issue)?  (Read 254 times)
jerry0
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February 23, 2022, 11:03:46 PM
 #21

Can you use FTX right now without KYC?
Potato Chips
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February 24, 2022, 11:57:08 PM
 #22

Can you use FTX right now without KYC?

Note that FTX.COM doesn't allow US ppl. Iirc you're from US? if so, they have a US arm (FTX.US). According from its help articles, you only need the following for the tier 1:

5. Enter the following information to complete Level 1 Identity Verification (KYC1):

1. Legal Name (matches gov. ID)
2. Date of Birth
3. Country of Residence
4. Mobile Number (once entered, click "Send Code" to verify)
5. Street Address, City, State, Country, Postal Code

Once entered, click "Submit Information" at the bottom.

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TimeTeller
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February 24, 2022, 11:59:07 PM
 #23

My best choice, FTX. Centralized exchanges needs users’ trust and I personally trust Sam Bankman-Fried to not run away with my money if the regulators send them a cease and desist order. However, they appear to be careful on regulations. Also, they are endorsed by Tom Brady, Stephen Curry and David Ortiz hehehe.

Next choice Kucoin.

Last choice Binance. Regulators will create a legal precedent of them for avoiding regulations and avoiding to talk with regulators.

I believe, it depends on the preferences of the trader here.
I can't say much about FTX because I am not a user of this exchange.
However, I am a regular user of binance and kucoin, and so far, I haven't encountered any issues.
And also, in any exchange, you should not store your funds too long for security purposes.
So I think, whichever the user uses here for trading, these 3 are quite trustworthy.
And by the way, if you are a small trader, kucoin has still no kyc with 1 BTC daily withdrawal limit (but they are not licensed to operate in US).
TheGreatPython
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February 27, 2022, 09:03:17 AM
 #24

I believe, it depends on the preferences of the trader here.
I can't say much about FTX because I am not a user of this exchange.
However, I am a regular user of binance and kucoin, and so far, I haven't encountered any issues.
And also, in any exchange, you should not store your funds too long for security purposes.
So I think, whichever the user uses here for trading, these 3 are quite trustworthy.
And by the way, if you are a small trader, kucoin has still no kyc with 1 BTC daily withdrawal limit (but they are not licensed to operate in US).
Same here, am also not a user of the FTX exchange and I think most people now prefer binance and kuckoin. FTX is like an under rated exchange. Trading is an active one. They can make profit easily or immediately and they can withdraw this earning easily so no worries with them about storing funds for a long time inside an exchange. For the hodlers I think they will prefer personal wallets where they hodl their own keys as that is more safer.

Kucoin doesn't allow USA people? Some users comments that FTX also don't allow USA people so the last choice would be binance. There is also binance USA, this could be another version of binance specifically built for USA citizens.
examplens
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February 28, 2022, 01:37:31 PM
 #25

I believe, it depends on the preferences of the trader here.
I can't say much about FTX because I am not a user of this exchange.
However, I am a regular user of binance and kucoin, and so far, I haven't encountered any issues.
And also, in any exchange, you should not store your funds too long for security purposes.
So I think, whichever the user uses here for trading, these 3 are quite trustworthy.
And by the way, if you are a small trader, kucoin has still no kyc with 1 BTC daily withdrawal limit (but they are not licensed to operate in US).
Same here, am also not a user of the FTX exchange and I think most people now prefer binance and kuckoin. FTX is like an under rated exchange. Trading is an active one. They can make profit easily or immediately and they can withdraw this earning easily so no worries with them about storing funds for a long time inside an exchange. For the hodlers I think they will prefer personal wallets where they hodl their own keys as that is more safer.

Kucoin doesn't allow USA people? Some users comments that FTX also don't allow USA people so the last choice would be binance. There is also binance USA, this could be another version of binance specifically built for USA citizens.

I must point out here that FTX offers withdrawal free of charge. many times I wanted to withdraw BTC from Binance (earned by trading) but I didn't want to pay them 0.0005 fees. then I mostly convert it and in the end, I have something completely different in my portfolio.
though I am quite accustomed to Binance, I am slowly getting used to FTX.

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