Kraken vs Binance: Which is Best? [2025]
Key differences
- Binance has lower trading fees overall compared to Kraken (0.1% vs 0.26% max)
- Binance supports more cryptocurrencies with 350+ coins vs Kraken's 240+
- Kraken may have stronger security measures with 95% cold storage and no major hacks
Kraken vs Binance Fees Calculator
We built this fee calculator to help you compare the fees of Kraken and Binance.
Enter the amount you want to buy and we'll show you the estimated fees for each exchange.
Kraken vs Binance in Comparison
Description
Popular and well-known exchange based in the USA.
Global cryptocurrency exchange with extensive trading features and high liquidity.
Supported Countries
Available in over 190 countries globally with some restrictions. Not available in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other restricted regions. Some European countries have restrictions on specific services like futures trading.
Available in over 100 countries. Notable regions include: Africa (South Africa), Americas (Argentina, Brazil, Chile, Colombia, Mexico, Peru), Asia & Pacific (Australia, India, Indonesia, Japan, Philippines, New Zealand), Europe (France, Italy, Poland, Spain, Switzerland), and Middle East (UAE, Saudi Arabia, Israel).
Supported Cryptocurrencies
Over 200 cryptocurrencies supported including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, LUNA2, ATOM, ALGO, APT, ARB, FTM, NEAR, OP, PYUSD, STRK, SUI, TON, TRX, XLM, XMR, XTZ and many more across multiple networks including Ethereum, Solana, Bitcoin, Polygon, Arbitrum, and others.
350+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and many more
Fees
- Withdrawal Fees:
- ACH: Free
- Wire Transfer: $25
- SEPA: Free
- SWIFT: $25
- BTC: Network fees vary
- Trading Fees:
- Regular User: 0.1000% / 0.1000% (Maker/Taker)
- With BNB discount: 0.0750% / 0.0750%
- VIP tiers available with lower fees (down to 0.0110% / 0.0230%)
- Fees decrease with higher 30-day trading volume and BNB holdings
- Deposit Fees:
- SEPA Bank Transfer (EUR): 1 EUR
- Credit/Debit Card: 2.00%
- Bank Transfer: 0-1.40% (varies by region)
- P2P Express: Free
- Withdrawal Fees:
- SEPA Bank Transfer (EUR): 1 EUR
- Bank Transfer: Varies by currency (e.g., 120 AED, 3.5 BRL, 150 JPY)
- P2P Express: Free
- Corporate Bank Transfer: Varies by region
Payment Methods
ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, Instant Verification
Bank Transfer (SEPA), Credit/Debit Card, P2P Express, Online Banking, Corporate Bank Transfer (varies by region)
Do These Exchanges Allow you To Earn Interest on Crypto?
0.15% - 6.5%
Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).
Mobile App Ratings
iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.3 Official rating from the Android Play Store as of November 18, 2024.
iOS Rating: 4.6 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.7 Official rating from the Android Play Store as of November 18, 2024.
Storage
Industry-leading security with ISO/IEC 27001:2013 certification and SOC 2 Type 1 examination. Funds stored in secure cold storage with 24/7 armed guard surveillance. Features include advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing. No phone/SMS recovery to prevent SIM swap attacks. Expert security team with constant monitoring and testing.
Industry standard security measures including 2FA authentication, cold storage, SAFU fund for asset protection
Have These Exchanges Been Hacked Before?
Yes, Kraken was hacked in June 2024, but the crypto exchange was able to fix the breach within 47 minutes and no client funds were lost.
Two major incidents - October 2022 BNB Chain hack ($570M), May 2019 exchange hack ($40M). Both incidents were addressed and user funds were secured.
Official Site
Exchange Review
No review available
"What a fantastic trading platform. Wonderful to have it as the mobile version, being able to work your trades on the go. Keeping up with the portfolio just became incredibly easy! Love you guys and thank you for the work. New trader here! The interface is easy to navigate and a pleasure on the eyes. The setup is notable, and perhaps there should be instructions provided in the app upon first launch. :)"
- Real user review from iOS App Store, Android Play Store or Trustpilot
No review available
"I really love the Binance app! The interface is user-friendly and very smooth to use. Market data updates quickly, helping me seize trading opportunities in a timely manner. I am very satisfied with the app's security, allowing me to trade with peace of mind."
- Real user review from iOS App Store, Android Play Store or Trustpilot
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