In this article on shetcoiner site, we intend to examine all the differences and points related to the two exchanges of Kucoin and Binance; if you want to know more about this, stay with us until the end of this article.
Kucoin and Binance Exchange
In recent years, as people become familiar with crypto currencies, the need to exchange and buy and sell these currencies has increased. That’s why there were exchanges that do this for people. Binance and Kucoin are some of the best exchanges to help you in this part, these two exchanges with their strong security and support keep you away from any problem and you can easily buy and sell crypto currencies. In the next part of this article, we want to deal with all the points that we need to know about these two exchanges.
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Everything about Kucoin
Kucoin is based in Hong Kong. The exchange, which is originally Chinese, was forced to move after the government cracked down on crypto currencies. Kucoin’s business model revolves around having a wide range of crypto currency assets that you can use. This exchange is known for its safety and strong structure among users. If you are looking for a reliable exchange for crypto currencies, this is a good option.
Binance; Popular exchange in the world of crypto currencies
Binance is also based in Hong Kong. Its business model is very similar to Kucoin and its main purpose is to provide easy access and trading in many encrypted assets.
You do not need an ID if you want to create an account at the basic levels in Binance; but if you need access to a higher level, you need to do more steps. It is interesting to know that Binance is known as one of the safest platforms in the field of crypto currencies with more than 13 million users.
Fees
Kucoin and Binance commissions both start at 0.1%. Kucoin has a more sensitive structure; it means that it allows higher level users to trade with higher fees. If you are going to trade large volumes and do it through the Kucoin exchange, Kucoin will benefit greatly from your transaction. Binance does not offer any deposit fees and withdrawal costs depend on your assets. The Binance token is used to pay less in a Binance exchange. If you think you will be a small trader and stay low, the Binance fee structure is better than transaction. Also you should know about Binance that if you want to use the future market, Binance is a winner.
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Assets
Both platforms have access to hundreds of Altcoins that would be difficult to purchase without them. So there is no surprise that Kucoin and Binance support a wide range of assets. Binance supports more than 242 Altcoins. Kucoin supports 179 Altcoins. Although Binance is higher through the number of currencies it supports, but it is unlikely that a trader will use this feature as his or her choice.
When you are trading in Binance; Binance offers you the ability to trade through your tokens and Tether. Kucoin also offers deals with Tether as well as NEO and BTC Cash. The ability to trade in other tokens makes cocaine more flexible, but the structure of the binance fee in transactions with its tokens is one of the features that you should pay attention to.
Authentication
Both platforms support two-step authentication. They have a good security record and have never been hacked.
It is interesting to know that Binance, with its larger user base, has reported several phishing attempts. This reminds users to always check to find the right website. Note that if that site is suspected of fraud, do not enter your password and information. Make sure you have 2-step authentication enabled each time you log in.
difference between Binance and Binance us
In this article on shetcoiner site, we reviewed two well-known exchanges in the field of crypto currencies and reviewed all the things we need to know about them. These two exchanges have very good security and support, but they also have differences with each other, which you can study these differences in the article and then start your transactions in one of them.
If you want to know more about crypto currencies read the following articles on shetcoiner site:
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