| Binance | Kraken | |
|---|---|---|
| Introduction |  Binance Binance is one of the leading global cryptocurrency exchanges since 2017, initially founded in China. Binance offers trading for spot cryptocurrencies and futures, with both rich trading tools and a simple trading interface with Binance Lite. The exchange is particularly known for listing many cryptocurrencies at low trading fees. While Binance originates from China it has expanded to dozens of countries around the world where it seeks to adhere to local regulations. |  Kraken Kraken is a crypto exchange based in the USA that offers crypto trading in almost all countries of the world. The exchange integrates all necessary features for investing in crypto, with very low trading fees for advanced trading. At the same time, Kraken provides both a simple user interface that helps beginners get started trading cryptocurrencies with just a few clicks, as well as an advanced trading mode 'Kraken Pro' with useful tools for traders. |
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| Binance | Kraken | |
|---|---|---|
| Tradable Assets | Cryptocurrencies, Derivates | Cryptocurrencies |
| Cryptocurrencies | 350+ | 210+ |
| Payment Methods | ||
| Min. Deposit | 1€ | 1$ |
| Verification | ID, Selfie | ID |
| Languages | 🇬🇧 English | 🇬🇧 English |
| Headquarters | 🇰🇾 Cayman Islands | 🇺🇸 United States |
| Regulations | 🇫🇷 AMS, 🇪🇸 BdE, 🇸🇪 FI, 🇱🇹 FIU, 🇵🇱 KAS, 🇮🇹 OAM, 🇲🇽 SAT | 🇦🇺 AUSTRAC, 🇺🇸 FinCEN, 🇨🇦 FINTRAC |
| Founded In | 2017 | 2011 |
Binance vs KrakenShowcase
| Binance | Kraken | |
|---|---|---|
| Fee Structure | Binance The trading fees on Binance depend on the used trading mode. In the easy trading mode, Binance Lite, higher fees of 0.5% apply. The advanced mode, Binance Pro, only comes with fees of 0.02-0.1%, which get lower the more you trade. Fees on Binance Pro can be further reduced by -25% by using Binance's own token BNB for paying fees. | Kraken Kraken has different fees for different trading modes. When using Krakens's easy trading interface "Instant Buy", users pay a higher fee of 1.5%. By using Kraken's advanced trading interface users benefit from low trading fees of 0-0.26% that get lower the more you trade. Kraken's advanced interface has the same, large selection of cryptocurrencies. |
| Standard Crypto Fee | 0.5% | 1.5% |
| Advanced Crypto Fee | 0.02-0.1% | 0-0.26% |
| Average Crypto Fee | 0.28% | 0.81% |
| Binance | Kraken | |
|---|---|---|
| < 50,000$ | 0.1% | 0.16-0.26% |
| < 100,000$ | 0.1% | 0.14-0.24% |
| < 250,000$ | 0.1% | 0.12-0.22% |
| Binance | Kraken | |
|---|---|---|
| Tradable Coins |
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 Bitcoin | Yes | Yes |
 Ethereum | Yes | Yes |
 BNB | Yes | No |
 XRP | Yes | Yes |
 TRON | Yes | Yes |
 Litecoin | Yes | Yes |
| Binance | Kraken | |
|---|---|---|
| Mobile App | Android,iOS | Android,iOS |
| Web Version | Yes | Yes |
| Easy Trading | Yes | Yes |
| Pro Trading | ||
| Demo Account | No | |
| Signup Bonus | No | No |
| Recurring Buys | Yes | Yes |
| Real Crypto | Yes | Yes |
| Withdrawable Crypto | Yes | Yes |
| Crypto Staking | Yes | Yes |
| Crypto Lending | Yes | No |
Why Binance over Kraken? | |
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| Binance | Kraken | |
|---|---|---|
| Registration Speed | 70/100 | 91/100 |
| Simplicity | 78/100 | 89/100 |
| Coins | 99/100 | 97/100 |
| Features | 97/100 | 95/100 |
| Fees | 93/100 | 85/100 |
| Opinion | Binance  87% Good /2024 We recommend Binance to advanced cryptocurrency investors who feel confident with advanced trading interfaces. This is because while Binance Lite is more or less suitable for Beginners, it's apparent that Binance values features and cost-efficiency over beginner friendliness throughout all trading modes. Binance particularly shines regarding the number of tradable coins and trading fees, making it perfect for high-volume traders and small-cap investors. | Kraken 91% Very Good /2024 We see Kraken as one of the best international crypto exchanges, as the US-based exchange integrates all necessary features for both beginners as well as advanced traders. Unfortunately, because Kraken's fees for the instant trading mode are higher than those on Kraken's advanced interface, this exchange fails to empower beginners. Still, for those willing to use advanced trading interfaces, we recommend Kraken as the go-to place to buy and sell crypto assets with a very high-cost efficiency. |