Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Kucoin => Topic started by: Phu Juck on February 25, 2021, 02:17:57 PM
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We have seen Binance BNB was rising a lot.
While BNB is very overpriced right now, KuCoin seems to be a good buy. KuCoin is a very good exchange and easy to use like Binance. KuCoin is very similar to Binance. KuCoin and Binance got jacked but funds were safu.
If we need a good exchange and a good coin to buy, KuCoin is a good decision.
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As an exchange yes I agree with you that KCS can be undervalued at the $5 price it is being traded right now. However, comparing it to BNB is quite not so justified because BNB represents not just the Binance exchange but all the things including its own blockchain network which is right now getting more and more users in response to the impossible and incredible high gas fees of Ethereum. Maybe if Kucoin will be expanding its reach and its focus, there can be a big chance that its tokens will also be rising astronomically.
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We have seen Binance BNB was rising a lot.
While BNB is very overpriced right now, KuCoin seems to be a good buy. KuCoin is a very good exchange and easy to use like Binance. KuCoin is very similar to Binance. KuCoin and Binance got jacked but funds were safu.
If we need a good exchange and a good coin to buy, KuCoin is a good decision.
Kucoin is undervalued, has always been for me since the crash, but there are still a lot of good changes to come. Very soon Defi's can also run on Kucoin's smart contract. The price was very good under $ 1, so I got a small part. But now I won't expect very big jumps, another 100% in the next few months would be nice encore.
BNB is a different story and a different caliber, Kucoin has to go there first.
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If Kucoin can offer users something new and unusual in their work so that they can attract new traders to the site, then this of course would have a very positive effect on the KCS quotes. I enjoy working with this exchange, despite the fact that it had problems. Let's hope that they are in the past and will not be repeated. And BNB is certainly a great role model.
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We have seen Binance BNB was rising a lot.
While BNB is very overpriced right now,
Based on what metric exactly? BNB's utility increased when Binance Smart Chain was launched. It works pretty much similar to Ethereum with a native coin priced at over $1,500 right now. Do you consider ETH to be very overpriced?
KuCoin is a very good exchange and easy to use like Binance. KuCoin is very similar to Binance. KuCoin and Binance got jacked but funds were safu.
KCS doesn't have the same number of use cases that BNB has yet. Kucoin doesn't have the same reach as Binance as an exchange.
If we need a good exchange and a good coin to buy, KuCoin is a good decision.
Meh...the previous hacking which suspended their operation for days suggest otherwise.
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We have seen Binance BNB was rising a lot.
While BNB is very overpriced right now, KuCoin seems to be a good buy. KuCoin is a very good exchange and easy to use like Binance. KuCoin is very similar to Binance. KuCoin and Binance got jacked but funds were safu.
If we need a good exchange and a good coin to buy, KuCoin is a good decision.
1. every exchange is susceptible to hacks and none of them has immunity against hack.
2. Binance coin bnb is far superior to Kucoin shares kcs;
3. The binance blockchain (binance smart chain has a wider reach and has birth several smart contracts in the blockchain space); while the Kucoin shares kcs is merely used to reduce transaction fees on the kucoin platform.
4. Kcs is the one that is over valued; increased in price without any significant progress in operations et al.
In summary; both are a good buy, but why would you buy tokens that has done over 400% in the last 30 days ?
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Personally, I use the Kucoin exchange and it is really very convenient and cool, but I never paid attention to their coin, I prefer to invest in Binance coin more.
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We have seen Binance BNB was rising a lot.
While BNB is very overpriced right now, KuCoin seems to be a good buy. KuCoin is a very good exchange and easy to use like Binance. KuCoin is very similar to Binance. KuCoin and Binance got jacked but funds were safu.
If we need a good exchange and a good coin to buy, KuCoin is a good decision.
1. every exchange is susceptible to hacks and none of them has immunity against hack.
2. Binance coin bnb is far superior to Kucoin shares kcs;
3. The binance blockchain (binance smart chain has a wider reach and has birth several smart contracts in the blockchain space); while the Kucoin shares kcs is merely used to reduce transaction fees on the kucoin platform.
4. Kcs is the one that is over valued; increased in price without any significant progress in operations et al.
In summary; both are a good buy, but why would you buy tokens that has done over 400% in the last 30 days ?
Perhaps we are not talking about personal tokens of a cryptocurrency exchange, but about the popularity of the most cryptocurrency exchanges. The fact is that binance and kucoin are very similar for me personally and have a fairly clear interface and a multi-level security system, including phone number, email and 2 fa. Of course, hackers can hack anything, but the more levels, the more difficult.
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I agree that the Kucoin exchange is very high quality and reliable, but Kucoin is not close to the Binance exchange, so I do not think that in the near future at least one exchange will be able to reach the same heights that the Binance exchange reached, of course I agree that the price of KCS is very small and I am confident that in the future the price of KCS will be able to reach the same price as BNB.
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Kucoin may be starting to lack interest due to bad news about its security system. Even though that's the most important thing about an exchanger. So don't be surprised if Kucoin is getting less and less attractive.
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I agree that kucoin is a good exchange but don't compare to binance, binance is way more popular than kucoin, and also have way more users and much more liquidity, and comparing kucoin shares to BNB is bias cus we all know that BNB have far more use cases than kucoin shares, BNB is like Ethereum right now, alot of projects are been built on binance chain and this projects all utilize BNB as a means of settling transaction fees, kucoin shares is just used within the kucoin exchange to reduce trading fees, even if the price of kucoin shares were to rise, it can never get to the level where BNB is now unless they decides to expand the use case.
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I have a KuCoin account but that is because KuCoin supports CS (Credits) swaps, another interesting thing is that if the user holds NEO on KuCoin they will receive a reward that is almost staking NEO. The good thing is that they protect the interests of users when it is hacked.
Compared to Binance, KuCoin is not backed by a full ecosystem, KCS also did not receive great attention from the community, as evidenced by the KCS price could not reach ATH $20 in 2018.
However, I think KuCoin is an exchange worth using when we need to choose an exchange outside of Binance to limit risks.
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Kucoin may be starting to lack interest due to bad news about its security system. Even though that's the most important thing about an exchanger. So don't be surprised if Kucoin is getting less and less attractive.
Even Binance has been hacked a lot, to be honest, I haven't used the Kucoin exchange for a long time, but as long as I use the Kucoin exchange, everything looks fine and there are no problems.
Coin price will always be a question of many people when the price is not the same as the price of other coins made by exchange {KCS / BNB}, it is only a matter of time and we need to be patient to see that coins have a higher price
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Kucoin is a big cryptocurrency but there are many things they should improve in their services, the most important thing here transperancy so that people can as well find it a good exchange and reliable.if kucoin is undervalued the board of trustees should do something, they should learn from Binance exchange in order for people to gain people trust.
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are you sure about this?
In my opinion, Kucoin is not undervalued and we can also see that this exchange is also one of the top exchanges in the world. We can see the market cap and volume traded in that exchange and everyt8ng is okay. Well, Binance may be the first but not to undervaluing other exchanges.
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As an exchange yes I agree with you that KCS can be undervalued at the $5 price it is being traded right now. However, comparing it to BNB is quite not so justified because BNB represents not just the Binance exchange but all the things including its own blockchain network which is right now getting more and more users in response to the impossible and incredible high gas fees of Ethereum. Maybe if Kucoin will be expanding its reach and its focus, there can be a big chance that its tokens will also be rising astronomically.
Yes, it could likely happen because KuCoin will try to be a strong competition. Many new blockchain projektcs will be founded and while a listing at KuCoin, it could be possible to have more partnerships and launch an own KuCoin (because Ethereum is currently used for KuCoin's KuCoins)
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I agree with you that since Binance and Kucoin are both a very good exchange, while bnb is pumping KCS is expected to be pumping also. But the truth is that BNB and KCS are two different projects with a different set of potentials. BNB has a huge potential and use case compare to what KCS has, thus the room for growth in BNB is bigger than what is in KCS.
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Kucoin is a big exchange and Great, no one should undervalue this exchange. However, Kucoin was slightly abandoned after a while ago being vacated due to a hack in this exchange which resulted in the loss of many assets owned by Kucoin.
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Of course, Kucoin is a good exchange, not only Binance. There are many coins with big volumes there and also the transactions in Kucoin look good. Sure, it is a good decision to trade on Kucoin. I have been trading in Kucoin for a long time and I have no problem there. Although there is a hacking case there, it has been handed well by the Kucoin team.
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I totally agree. I even have colleagues that invest in KuCoin and still prefer to hold it because he has high hopes that KuCoin will have great value in the future. He really sees high potential with that coin.
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I currently use 3 exchanges, from KuCoin, Binance, and Bithumb. I find Binance easier to use on these three exchanges, but KuCoin and Bithumb are no less interesting either. These three exchanges have a similar but not the same UI / UX. So these three exchanges are great, but I use Binance a lot.
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We have seen Binance BNB was rising a lot.
While BNB is very overpriced right now, KuCoin seems to be a good buy. KuCoin is a very good exchange and easy to use like Binance. KuCoin is very similar to Binance. KuCoin and Binance got jacked but funds were safu.
For the quality of the exchange I think both are good, it remains how we choose which one suits our tastes. If I personally prefer the Binance exchange, the reason is that it is arguably the number 1 exchange in the world at the moment. With the many technological developments he has done, one of which is the creation of a Smartchain network (BSC) which can be said to be successful in competing with the Ethereum network.
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KuCoin excellent exchange, a user-friendly interface, everything is clear and accessible even for beginners. Also on this exchange, it is possible to invest coins in a common pool and receive rewards.
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KuCoin has always seemed like a good exchange to me, it is not comparable in daily volume to others, but leaving that aside I have always liked its user interface, very clear and uncomplicated. Sometimes it reminds me of Poloniex in its moments of maximum popularity and number of users.
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BNB launched Binance Smart Chain (BSC) which has utility and real demand but Kucoin is only and exchange and KCS is just a coin which has no utility till now. If they can launch their own blockchain, smart chain like Binance, Cardano, Polkadot, ATOM, it will hit new record but till now KCS is $5 which is very high price i think.
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In any case, kucoin has a fairly high rating in the cryptocurrency market among users, but nevertheless, do not forget that Kucoin is just a cryptocurrency exchange, like many others, which has the same advantages and disadvantages. To be different, you have to crash like Binance.
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KuCoin was famous in 2017 but after Binance appeared, KuCoin is no longer one of the exchanges worth choosing and prioritizing. KuCoin's transaction costs are also quite cheap, but KuCoin's ecosystem cannot compete with Binance Smart Chain.
Unfortunately, KuCoin does not have an ecosystem expansion strategy despite being born very early.
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I don't think it will be long until each exchange launches its own blockchain. If we take Binance as an example, the idea has made them rise much higher than they already were, so I think that throughout this year more exchanges will launch their own chain, to "not be left behind" and try to compete with Binance somehow.
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you might be right, but to me it got the the value it worth, though mind you it might have intrinsic value as you have said, but it got the demand base on it worth now.
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Kucoin is one of the top exchanges. We can also see the users of the exchanges are also very high. We cannot say that it is undervalued. But compared to Binance, maybe Binance is still much better. But once more it doesn't mean that Kucoin is undervalued. We can see the reputation, this is also a good exchange with good reputation and trust, including liquidity
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KuCoin was famous in 2017 but after Binance appeared, KuCoin is no longer one of the exchanges worth choosing and prioritizing. KuCoin's transaction costs are also quite cheap, but KuCoin's ecosystem cannot compete with Binance Smart Chain.
Unfortunately, KuCoin does not have an ecosystem expansion strategy despite being born very early.
Kucoin is still famous and in my opinion, it is one of the top 4 exchanges (Binance, Bithumb, Houbi and Kucoin) by popularity and trading facilities. I am still a huge fan of kucoin but only Binance has reached top and has created a benchmark for it where other exchanges are only exchanges and their tokens have no utility and own smart chain like Binance chain. So Kucoin is good as exchange but not like Binance for its smart chain which is now a major trend.