Jump to content

Is Kucoin Exchange Legit? Arbitrage Questions

Recommended Posts

Alright guys,

My crypto journey has been largely in XRP, but decided today to venture into some of the more exotic coins to see if I can get any them big swings (yes, wish me luck!). So, I bought four coins on Binance, and after checking coinmarketcap and then checking my balance, the Binance balance was always lower than if I calculated via the coin price on coinmarketcap.

I looked around, and Binance seems to have sell prices far lower than many other exchanges. I'm aware of the concept of arbitrage, but the differences were about 10% - which seemed too large. Then I found one, Kucoin, where it's almost 40%. 

My question here is - is Kucoin exchange legit? Are there any hidden traps I'm not aware of.

UPDATE: Figured it out. The buy price on Kucoin is 40% higher than the sell price and they list the buy price on coinmarketcap. So, just as I thought - no easy killing here.

Edited by brozamsterdam
Link to comment
Share on other sites

  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...