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Binance vs Kraken

Binance is an excellent crypto exchange with low prices and good selection. How does it compare to Kraken? Read our comparison chart below.

Binance is one of the largest cryptocurrency exchanges by volume in the world. They offer some of the lowest fees of any exchange and support trading of over 250 coins. They have staking options, crypto loans, and a crypto Visa card, among a range of other features.

While Kraken is a mainstream cryptocurrency exchange with over 50 coins to trade and a range of staking options with average rates. They support margin trading, indices, and futures trading. They have low fees, but users may find it challenging to fund their accounts compared to other platforms.

Compare Binance with Kraken, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Binance

Kraken

OFFER
Buy and Sell Cryptocurrency - Learn More

Read Binance Review

SPECIAL OFFER
Buy and Sell Cryptocurrencies - Learn More

Read Kraken Review

 

Benefits and Features

Cryptocurrency Trading
Check
 
Minimum Deposit
$0 ($10 Trade Minimum)
$10
Cryptocurrencies Supported
259
56
Countries Supported
Over 180
Over 170
Fiat Currencies SupportedAED, AUD, AZN, BGN, CAD, CHF, CLP, COP, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, ILS, ISK, JPY, KES, KRW, KZT, MXN, NGN, NOK, NZD, PEN, PHP, PLN, RON, RUB, SAR, SEK, THB, TRY, TWD, UAH, UGX, USD, UYU, VND, ZARUSD, EUR, CAD, AUD, GBP, CHF, JPY
Digital Wallet
Yes
No
Transaction Fee
0.10% - 0.02%
0.00% - 0.26%
Copy Trading
No
No
Limit Orders
Yes
Yes
Margin Trading
Yes
Yes
Spread0.01% - 0.92% depending on cryptocurrency 
Interest Accounts
Up to 47.79% APY
Yes, up to 17% APY
Crypto Loans
Yes
No
Bank Account Purchase Fee 
0.5% + $0.10
Debit Card Purchase Fee3.5% or $10, whichever is higher
3.75% + €0.25
Wallet Purchase Fee 1.5% or 0.9% for stablecoins & FX pairs
Credit Transaction Fee3.5% or $10, whichever is higher
3.75% + €0.25
Mobile App
Yes
Yes
ACH Transfer Fee
No
 
Wire Transfer FeeFree via SWIFT from USD to BUSD
$4 - $35
Crypto Conversion Fee
No
1.5% or 0.9% for stablecoins
SEPA Bank Transfer Fee
€1.00
€0.09 - €35
Withdrawal Fee 
Varies by coin
Other Fees25% fee discount for holding BNB; tiered discounts based on 30 day trade volume1-time address setup fees for first-time deposits of many cryptocurrencies, varies by currency
Address Allowlisting
Yes
Yes
Anonymity
No
No
Biometric Login
Yes
Yes
Cold Storage
Yes
Yes
Maximum Trading AmountMaximum order amount varies by currency 
Two-Factor Authentication
Google Authenticator
Google Authenticator or Yubikey
Withdrawal Limit2BTC / day for unverified accounts; 100BTC / day for verified accounts; Wire Transfer: $7,500,000 / dayDepends on verification level. Cryptocurrencies - Beginner: $5,000 / day; Intermediate: $500,000 / day; Pro: $10,000,000 / day; Fiat Currencies - Express: $9,000 / day; Intermediate: $100,000 / day; Pro: $10,000,000 / day
 

CreditDonkey® Reviews

Cryptocurrency TradingStarStarStarStarStarStarStarStarStarStar
Interest AccountsStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarStarEmpty Star
SafetyStarStarStarStarStarStarStarStarStarEmpty Star
Pros & ConsPros:
  • Wide range of currencies
  • Low fees
  • Secure Asset Fund for users
Cons:
  • May intimidate new users
Pros:
  • Advance market interface
  • Many trading pairs
Cons:
  • Not beginner friendly
  • Difficult to fund account
Bottom LineExcellent crypto exchange with low prices and good selection... Read full reviewGood crypto exchange with competitive fees and variety of coins... Read full review

Buy and Sell Cryptocurrencies

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Binance: Pricing information from published website as of 04/13/2021.

Kraken: Pricing information from published website as of 04/13/2021.

Which is Better: Binance or Kraken?

Still need help deciding which crypto is better? Read the in-depth reviews below. You may also be interested in comparing Binance or BlockFi.

In short: Binance's commissions and fees, ease of use, and safety are noteworthy. In particular, the commissions and fees and safety are impressive.


Articles on Binance

Binance Review

Binance is one of the largest cryptocurrency exchanges in the world. But is it a legit platform for trading your crypto? Find out before you sign up.

Crypto.com vs Binance

Binance is one of the largest cryptocurrency exchanges in the world, and Crypto.com is on a path to offer all things crypto. Which is right for you?

Articles on Kraken

Kraken Review

Kraken is a cryptocurrency exchange with a reputation for low fees and high security. How do they compare to their competitors? Read on to find out.

Which Do You Think is Best?





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