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Kraken vs Binance
A side-by-side comparison of Kraken and Binance across trading fees, trading tools, funding methods, security and more, with results for your country.
At a glance: Kraken vs Binance.
Comparing for United States. 10797 of 14 results are documented from official sources; the rest stay marked as not verified until we have a dated source.
| Evaluation category | KrakenEXCHANGE | BinanceEXCHANGE |
|---|---|---|
| Trading fees | Instant Buy: 1% (up to $2 instead on small trades; 1.5% on custom orders) plus a spread; waived for Kraken+ up to $10,000 a month. Kraken Pro rates for this market not checked yet. Checked 9 Nov 20262 sources Instant Buy: 1% (up to $2 instead on small trades) plus a spread; waived for Kraken+ up to $10,000 a month. Kraken Pro spot, first tier: 0.40% maker / 0.80% taker on the UK fee page; another Kraken page says 0.25% / 0.40%. Checked 9 Nov 20264 sources Instant Buy: 1% (up to $2 instead on small trades; 1.5% on custom orders) plus a spread; waived for Kraken+ up to $10,000 a month. Kraken Pro rates for this market not checked yet. Checked 9 Nov 20262 sources Instant Buy: 1% (up to $2 instead on small trades) plus a spread; waived for Kraken+ up to $10,000 a month. Kraken Pro spot, first tier: 0.40% maker / 0.80% taker on the Brazil fee page; another Kraken page says 0.25% / 0.40%. Checked 9 Nov 20264 sources | Binance.US (a separate platform): 0% maker and 0.02% taker on most pairs, 0.01% taker on BNB/USD. Not the rate for One Click Buy and Sell. Checked 12 Nov 20261 source Binance.com spot: 0.100% maker and taker for a regular user, 0.07500% when paid in BNB, lower at VIP levels. Whether Binance.com serves this country is not confirmed. Checked 12 Nov 20262 sources Binance.com spot: 0.100% maker and taker for a regular user, 0.07500% when paid in BNB, lower at VIP levels. Whether Binance.com serves this country is not confirmed. Checked 12 Nov 20262 sources Binance.com spot: 0.100% maker and taker for a regular user, 0.07500% when paid in BNB, lower at VIP levels. Whether Binance.com serves this country is not confirmed. Checked 12 Nov 20262 sources |
| Trading tools | Instant Buy for simple purchases, plus Kraken Pro for order-book spot trading. Checked 9 Nov 20262 sources Instant Buy plus Kraken Pro for order-book spot trading. Retail clients in the UK cannot trade derivatives; new retail accounts wait 24 hours before trading. Checked 9 Nov 20262 sources Instant Buy plus Kraken Pro for order-book spot trading. Canadian residents cannot trade on margin or derivatives. Checked 9 Nov 20262 sources Instant Buy for simple purchases, plus Kraken Pro for order-book spot trading. Checked 9 Nov 20262 sources | Binance.US: Advanced Trading on the web and in the app with limit, market and stop-limit orders ($10 minimum), plus Convert with no trading fee and a spread. Checked 12 Nov 20262 sources Binance.com spot: market, limit, stop-limit, OCO, trailing stop and OTO orders, plus strategy orders such as TWAP. Checked 12 Nov 20261 source Binance.com spot: market, limit, stop-limit, OCO, trailing stop and OTO orders, plus strategy orders such as TWAP. Checked 12 Nov 20261 source Binance.com spot: market, limit, stop-limit, OCO, trailing stop and OTO orders, plus strategy orders such as TWAP. Checked 12 Nov 20261 source |
| Funding methods | ACH via Plaid for buys; ACH withdrawals to a same-name US account with no Kraken fee (about 2 business days). Not offered to residents of Maine or New York. Checked 9 Nov 20263 sources GBP by Faster Payments through Banking Circle; FPS transfers are free for personal clients. The bank account must be in the UK. Checked 9 Nov 20261 source CAD by Interac e-Transfer: deposits free, withdrawals CAD 10; limits CAD 10,000 a day, 30,000 a week, 100,000 a month. Checked 9 Nov 20261 source Pix is available to eligible users with a verified Brazilian address and matching CPF. Kraken’s Portuguese page says deposits convert to USD (0.5% cost); its English page says they arrive as BRL1, free from Kraken. Checked 9 Nov 20262 sources | Binance.US: ACH free both ways; wire deposits $0, wire withdrawals $25; card deposits 3.99%. Serves 40 states and territories. Checked 12 Nov 20262 sources Not confirmed. We found no Binance page that says whether it accepts UK residents. Checked 12 Nov 20261 source Binance said in 2022 that it blocks Ontario residents from opening accounts and trading. The rest of Canada is not confirmed from a Binance page. Checked 12 Nov 20261 source Binance.com: BRL deposits by Pix and TED are free and BRL withdrawals cost 3.5 BRL. The bank account name and CPF must match. Checked 12 Nov 20261 source |
| Security approach | Passkey (FIDO2) 2FA and an optional Global Settings Lock; cold storage with no share stated. Bug bounty; proof of reserves checked by an accounting firm (2022), a point-in-time check. Checked 9 Nov 20265 sources | Binance.US says assets are held 1:1 with the majority in offline, U.S.-based cold storage. 2FA required; address whitelisting; suspicious withdrawals held up to 120 hours. Crypto is not FDIC or SIPC insured. Checked 12 Nov 20261 source Binance.com says it holds user assets 1:1 and publishes proof of reserves; the figures did not load when we read the page. Withdrawal whitelist protected by passkey or 2FA, and changes can pause withdrawals for 24 to 72 hours. Checked 12 Nov 20262 sources Binance.com says it holds user assets 1:1 and publishes proof of reserves; the figures did not load when we read the page. Withdrawal whitelist protected by passkey or 2FA, and changes can pause withdrawals for 24 to 72 hours. Checked 12 Nov 20262 sources Binance.com says it holds user assets 1:1 and publishes proof of reserves; the figures did not load when we read the page. Withdrawal whitelist protected by passkey or 2FA, and changes can pause withdrawals for 24 to 72 hours. Checked 12 Nov 20262 sources |
| Ease of use | Onboarding steps, interface clarity and help resources. | Onboarding steps, interface clarity and help resources. |
| Mobile app | Two phone apps on the App Store and Google Play: Kraken for quick buying and Kraken Pro for advanced trading. Kraken Desktop for Windows, macOS and Linux. Checked 12 Nov 20261 source | Binance.US has a mobile app with Advanced Trading and Convert. Its help articles do not name the operating systems. Checked 12 Nov 20262 sources Binance.com: apps for Android and iOS and a desktop app for Windows. Checked 12 Nov 20261 source Binance.com: apps for Android and iOS and a desktop app for Windows. Checked 12 Nov 20261 source Binance.com: apps for Android and iOS and a desktop app for Windows. Checked 12 Nov 20261 source |
| Best for | Who each platform may suit, published with our verdict. | Who each platform may suit, published with our verdict. |
Not yet verified — we publish each result with a dated source. "Sources conflict" marks where official pages disagree. Results restate the providers' own documentation; they are not hands-on tests. Focus area = a topic this platform's review concentrates on.
Which fits you better?
Start from what matters to you. Each line points to the part of the table that answers it and shows what is documented for your country. We do not pick a winner.
You mostly buy small amounts and want the full cost
- KrakenDocumentedSources conflictDocumentedSources conflict
- BinanceDocumentedNot yet verifiedNot yet verifiedNot yet verified
Our take on this comes with the editorial review.
See it in the tableYou want limit orders, charts or an order book
- KrakenDocumentedDocumentedDocumentedDocumented
- BinanceDocumentedDocumentedDocumentedDocumented
Our take on this comes with the editorial review.
See it in the tableYou need to pay in and cash out in your own currency
- KrakenDocumentedDocumentedDocumentedSources conflict
- BinanceDocumentedNot yet verifiedDocumentedDocumented
Our take on this comes with the editorial review.
See it in the tableAccount protection and custody come first
- KrakenDocumented
- BinanceDocumentedDocumentedDocumentedDocumented
Our take on this comes with the editorial review.
See it in the table
Who each platform may suit
We will say who Kraken and Binance may suit, and who they may not, once our research is complete. Until then, each review shows what we are examining.
Sources
Every documented result in the table comes from these official pages. Each “sources” marker in the table links to pages from this list.
support.kraken.com
- Kraken: FAQs about buying instantly
- Where is Kraken licensed or regulated?
- Kraken: buying crypto with ACH (FAQ)
- Kraken: ACH withdrawals
- Kraken: Banking Circle (GBP Faster Payments)
- Kraken: Interac e-Transfer
- Kraken: método de financiamento Pix (português)
- Kraken: Pix funding method (English)
- How to secure your account with 2FA (Kraken Support, updated 13 Oct 2026)
- What is the Global Settings Lock (GSL)? (Kraken Support, updated 23 Apr 2026)
kraken.com
binance.com
- Binance.com spot trading fee rate
- Binance.com: List of Prohibited Countries
- Binance: Different order types in spot trading (updated 10 August 2026)
- Binance: Undertaking provided to the Ontario Securities Commission (22 March 2022)
- Binance: FAQ on Brazilian reais (BRL) bank transfer (updated 20 March 2026)
- Binance Proof of Reserves
- Binance: How to manage withdrawal settings (updated 3 March 2025)
- Binance.com download page
support.binance.us
Fee estimator
What would this purchase cost in fees?
Type an amount and see what six exchanges publish for it, with the official source and the date we read it. No ranking.
How we compare platforms.
We use a consistent framework: the same categories for every platform, facts checked against official sources with a date, and results shown separately for each market. Promotions never count as comparison criteria.
See the methodologyWhere to go next
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