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Kraken vs Binance US

Kraken is a good crypto exchange with competitive fees and variety of coins. How does it compare to Binance US? Read our comparison chart below.

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.

While Binance US is the US branch of Binance, one of the largest crypto exchanges in the world. They offer a wide range of currencies to buy, sell and trade with some of the lowest fees in the industry. They also have resources for institutions and staking rewards on a small number of coins.

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

 Binance US
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Kraken

Binance US

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Benefits and Features

Minimum Deposit
$10
$0 ($10 Trade Minimum)
Cryptocurrencies Supported
56
100+
Countries Supported
Over 170
46 US states (not available in HI, NY, TX, VT)
Fiat Currencies SupportedUSD, EUR, CAD, AUD, GBP, CHF, JPY
USD
Digital Wallet
No
Yes
Transaction Fee
0.00% - 0.26%
0.10% spot trading fee or 0.50% instant buy/sell fee
Copy Trading
No
No
Limit Orders
Yes
Yes
Margin Trading
Yes
Yes
Spread 0.01% - 0.95% depending on cryptocurrency
Interest Accounts
Yes, up to 17% APY
Up to 10% APY
Crypto Loans
No
No
Bank Account Purchase Fee
0.5% + $0.10
Free
Debit Card Purchase Fee
3.75% + €0.25
4.5%
Wallet Purchase Fee1.5% or 0.9% for stablecoins & FX pairs 
Credit Transaction Fee
3.75% + €0.25
 
Mobile App
Yes
Yes
ACH Transfer Fee 
Free
Wire Transfer Fee
$4 - $35
  • Deposit: $15
  • Domestic Withdrawal: $15
  • International Withdrawal: $35
Crypto Conversion Fee
1.5% or 0.9% for stablecoins
Free for USDC to BUSD
SEPA Bank Transfer Fee
€0.09 - €35
 
Withdrawal Fee
Varies by coin
 
Other Fees1-time address setup fees for first-time deposits of many cryptocurrencies, varies by currency25% fee discount for holding BNB; tiered discounts based on 30 day trade volume
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 AuthenticationGoogle Authenticator or Yubikey
Google Authenticator
Withdrawal LimitDepends 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 / dayWire Transfer: $7,500,000 / day
Stake Crypto QTUM, VET, XTZ, ATOM, EOS, ONE, ALGO
 

CreditDonkey® Reviews

 Binance US
Cryptocurrency TradingStarStarStarStarStarStarStarStarStarStar
Interest AccountsStarStarStarHalf StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty Star
SafetyStarStarStarStarEmpty StarStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Pros & ConsPros:
  • Advance market interface
  • Many trading pairs
Cons:
  • Not beginner friendly
  • Difficult to fund account
Pros:
  • Extremely low fees
  • Over 65 coins
  • High liquidity
Cons:
  • Not beginner-friendly
  • Limited staking
Bottom LineGood crypto exchange with competitive fees and variety of coins... Read full reviewLow-fee exchange popular with frequent crypto traders in the US... Read full review
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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.

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

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

Which is Better: Kraken or Binance US?

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

In short: Kraken's interest accounts is worth mentioning. Binance US's commissions and fees, ease of use, and safety are worth mentioning. In particular, the commissions and fees and safety are outstanding.


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.

Articles on Binance US

Binance US Review

Binance.US is the American arm of one of the largest crypto exchanges in the world. How does it compare to Binance and other popular exchanges?

Which Do You Think is Best?





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