Binance vs KuCoin.

Facts side by side for Indian users. Not a rating or a recommendation. Last checked November 2026.

Binance KuCoin

Registered with FIU-INDYesYes

Crypto withdrawalsYesAllowed; paused temporarily during the October 2026 incident.YesAllowed on the global platform.

INR depositsMainly through P2P, which carries account-freeze riskMainly through P2P, which carries account-freeze risk

Proof of reservesNot verifiedNot verified

Incidents on record1 reported2 reported

Coins listedNot trackedNot tracked

Binance: incidents and reports

Oct 2026. About $6.3B stolen, the largest crypto hack on record; Binance said it would cover user losses.

KuCoin: incidents and reports

Sep 2020. About $280M taken in a hot-wallet hack; KuCoin said losses were covered.
2024. Registered with FIU-IND after a penalty for earlier non-compliance.

Compare another pair

Questions

Is Binance or KuCoin safer?

Neither is "safe" in absolute terms. Compare the facts above: FIU-IND registration, whether you can withdraw crypto to your own wallet, and past incidents. Whichever you use, keep only what you trade on the exchange and turn on two-factor authentication.

Do Binance and KuCoin deduct 1% TDS?

Exchanges registered with FIU-IND and serving Indian users are expected to deduct 1% TDS on crypto sales. Check your AIS on the income tax portal to confirm what was deducted under your PAN, and claim it in your ITR.

Can I use both Binance and KuCoin?

Yes. Many people use more than one exchange. For tax, report trades from every exchange in Schedule VDA and match the TDS in your AIS.

Educational only, not a recommendation. Facts come from the exchanges and reliable reporting; check the app before you act. Read how to choose an exchange. Is Binance legal in India?