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 600 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
Minimum Deposit	$0 ($10 Trade Minimum)	$10
Cryptocurrencies Supported	600+	56
Countries Supported	Over 180	Over 170
Fiat Currencies Supported	AED, 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, ZAR	USD, 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
Spread	0.01% - 0.92% depending on cryptocurrency
Crypto Loans	Yes	No
Bank Account Purchase Fee		0.5% + $0.10
Debit Card Purchase Fee	3.5% or $10, whichever is higher	3.75% + €0.25
Wallet Purchase Fee		1.5% or 0.9% for stablecoins & FX pairs
Credit Transaction Fee	3.5% or $10, whichever is higher	3.75% + €0.25
Mobile App	Yes	Yes
ACH Transfer Fee	No
Wire Transfer Fee	Free 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 Fees	25% fee discount for holding BNB; tiered discounts based on 30 day trade volume	1-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 Amount	Maximum order amount varies by currency
Two-Factor Authentication	Google Authenticator	Google Authenticator or Yubikey
Withdrawal Limit	2BTC / day for unverified accounts; 100BTC / day for verified accounts; Wire Transfer: $7,500,000 / day	Depends 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 Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Safety
Pros & Cons	Pros: 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 Line	Excellent crypto exchange with low prices and good selection... Read full review	Good crypto exchange with competitive fees and variety of coins... Read full review
	Buy and Sell Cryptocurrency	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.