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.
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Kraken | Binance US | |
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Buy and Sell Cryptocurrencies - | Buy and Sell Cryptocurrency - | |
Benefits and Features | ||
Minimum Deposit | ||
Cryptocurrencies Supported | ||
Countries Supported | 46 US states (not available in HI, NY, TX, VT) | |
Fiat Currencies Supported | USD, EUR, CAD, AUD, GBP, CHF, JPY | |
Digital Wallet | ||
Transaction Fee | 0.10% spot trading fee or 0.50% instant buy/sell fee | |
Copy Trading | ||
Limit Orders | ||
Margin Trading | ||
Spread | 0.01% - 0.95% depending on cryptocurrency | |
Crypto Loans | ||
Bank Account Purchase Fee | ||
Debit Card Purchase Fee | ||
Wallet Purchase Fee | 1.5% or 0.9% for stablecoins & FX pairs | |
Credit Transaction Fee | ||
Mobile App | ||
ACH Transfer Fee | ||
Wire Transfer Fee |
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Crypto Conversion Fee | ||
SEPA Bank Transfer Fee | ||
Withdrawal Fee | ||
Other Fees | 1-time address setup fees for first-time deposits of many cryptocurrencies, varies by currency | 25% discount when you use BNB to pay for trading fees; tiered discounts based on 30 day trade volume;0% fees on selected BTC spot trading pairs |
Address Allowlisting | ||
Anonymity | ||
Biometric Login | ||
Cold Storage | ||
Maximum Trading Amount | Maximum order amount varies by currency | |
Two-Factor Authentication | Google Authenticator or Yubikey | |
Withdrawal Limit | 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 | Wire Transfer: $7,500,000 / day |
CreditDonkey® Reviews | ||
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Cryptocurrency Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | |
Safety | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good crypto exchange with competitive fees and variety of coins... | Low-fee exchange popular with frequent crypto traders in the US... |
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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 eToro.
In short: Binance US's commissions and fees, ease of use, and safety are worth mentioning. In particular, the commissions and fees and safety are outstanding.