Kraken vs Binance

Kraken is a good crypto exchange with competitive fees and variety of coins. How does it compare to Binance? 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 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.

Compare Kraken with Binance, side-by-side.

	Kraken	Binance
	SPECIAL OFFER Buy and Sell Cryptocurrencies - Learn More Read Kraken Review	OFFER Buy and Sell Cryptocurrency - Learn More
	Benefits and Features
Cryptocurrency Trading
Minimum Deposit	$10	$0 ($10 Trade Minimum)
Cryptocurrencies Supported	56	600+
Countries Supported	Over 170	Over 180
Fiat Currencies Supported	USD, EUR, CAD, AUD, GBP, CHF, JPY	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
Digital Wallet	No	Yes
Transaction Fee	0.00% - 0.26%	0.10% - 0.02%
Copy Trading	No	No
Limit Orders	Yes	Yes
Margin Trading	Yes	Yes
Spread		0.01% - 0.92% depending on cryptocurrency
Crypto Loans	No	Yes
Bank Account Purchase Fee	0.5% + $0.10
Debit Card Purchase Fee	3.75% + €0.25	3.5% or $10, whichever is higher
Wallet Purchase Fee	1.5% or 0.9% for stablecoins & FX pairs
Credit Transaction Fee	3.75% + €0.25	3.5% or $10, whichever is higher
Mobile App	Yes	Yes
ACH Transfer Fee		No
Wire Transfer Fee	$4 - $35	Free via SWIFT from USD to BUSD
Crypto Conversion Fee	1.5% or 0.9% for stablecoins	No
SEPA Bank Transfer Fee	€0.09 - €35	€1.00
Withdrawal Fee	Varies by coin
Other Fees	1-time address setup fees for first-time deposits of many cryptocurrencies, varies by currency	25% 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 Authentication	Google Authenticator or Yubikey	Google Authenticator
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	2BTC / day for unverified accounts; 100BTC / day for verified accounts; Wire Transfer: $7,500,000 / day
	CreditDonkey® Reviews
Cryptocurrency Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Safety
Pros & Cons	Pros: Advance market interface Many trading pairs Cons: Not beginner friendly Difficult to fund account
Bottom Line	Good crypto exchange with competitive fees and variety of coins... Read full review
	Buy and Sell Cryptocurrencies	Buy and Sell Cryptocurrency
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: Pricing information from published website as of 04/13/2021.