Binance vs Kraken
Detailed comparison of Binance and Kraken - fees, features, security, and more to help you choose the right exchange.
Overview Comparison
| Metric | Binance | Kraken |
|---|---|---|
| Rating | 4.8/5 | 4.6/5 |
| Trust Score | 10/10 | 10/10 |
| Maker Fee | 0.1% | 0.16% |
| Taker Fee | 0.1% | 0.26% |
| Supported Coins | 350+ | 200+ |
| Founded | 2017 | 2011 |
| Headquarters | Cayman Islands | San Francisco, USA |
| Exchange Type | centralized | centralized |
Features
| Feature | Binance | Kraken |
|---|---|---|
| Spot Trading | ||
| Futures Trading | ||
| Margin Trading | ||
| Staking | ||
| NFT Marketplace | ||
| Debit Card | ||
| P2P Trading |
Security
| Security Feature | Binance | Kraken |
|---|---|---|
| Two-Factor Auth | ||
| Cold Storage | ||
| Insurance Fund | ||
| Regulated In | France, Italy, Spain +5 | USA, UK, EU +3 |
B
Binance Pros & Cons
Pros
- Lowest trading fees in the industry (0.1%)
- Largest selection of cryptocurrencies (350+)
- Advanced trading features and tools
- High liquidity for all major pairs
Cons
- Complex interface may overwhelm beginners
- Not available in the US (use Binance.US)
- Customer support can be slow during high volume
K
Kraken Pros & Cons
Pros
- One of the oldest and most trusted exchanges
- Excellent security track record
- Competitive fees for active traders
- Supports margin and futures trading
Cons
- Interface less intuitive than competitors
- Limited payment options in US
- No debit card offering
Our Verdict
Binance edges out Kraken with a higher overall rating (4.8 vs 4.6). It also offers lower trading fees (0.1% vs 0.16%). Plus, it supports more cryptocurrencies (350+ vs 200+).
Quick Summary
Lower Fees Binance
More Coins Binance
Higher Rating Binance
Trust Score Tie