Binance vs Kraken - Comparison at a Glance

To represent the data of Binance vs Kraken comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Binance vs Kraken main metric comparison at a glance, take a look at the general overview table below.

Binance vs Kraken cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while Kraken gathered an overall score of 9.4. If we look at the ease of use, it’s clear that in this Binance vs Kraken comparison, Binance has better & smoother user experience than Kraken.

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Binance
BINANCE
Kraken
KRAKEN

Overall Score

9.8
9.4

Best For

Best for Beginners or Advanced Users Best for Beginners

Operating Countries

US, EU, AS, AF US

Verdict

One of the leading crypto exchange platforms in the industry. One of the best crypto exchanges.
Visit site Read review Visit site Read review

Binance vs Kraken In-depth Feature Breakdown Comparison

Analyze all the most important metrics of your chosen cryptocurrency exchange brands & compare the fact-checked data side by side with his extensive Binance vs Kraken comparison chart. Simply browse the information below & get answers to all of your crypto exchange questions!

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Binance
BINANCE
Kraken
KRAKEN

Pros

  • A very well-known crypto exchange platform
  • More than 500 different cryptos available
  • Two-factor authentication
  • P2P trading option
  • Emphasis on security and KYC
  • Supports fiat-crypto acquisitions
  • Secure and reliable
  • Low fees
  • A good amount of fiat currencies accepted

Cons

  • Might be a bit difficult for beginners
  • Not the most helpful customer service

Value For Money

Customer Support

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

Ease of Use

Latest Coupons

All Binance Coupons All Kraken Coupons
Stats

Active Users

28.6M 4M

Acceptable Crypto Currencies

1. BTC
2. ETH
3. LTC
4. XRP
+600 more
1. BTC
2. ETH
3. XBT
4. DASH
+36 more

Fiat Currency Trading

USD/EUR + 50 more USD
Features

Analytical Tools

Mobile App

Security

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

Social Trading

Copy Trading

Additional Features

A Comprehensive User Center that Displays All The Information You Need in One Place -

Anonymity

Pricing

Maximum Trading Amount (Daily)

Unlimited $100K

Withdrawal Fees

3.50% (min. $10.00) Up to 60$

Trading Fees

0.10% Up to 0.26%
Payment Methods

MasterCard

Wire Transfer

Card

Company’s info

Full Company Name

Binance Kraken

Headquarters

Malta California, USA

Year of Origin

2017 2011

Check Official Website

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Binance vs Kraken Comparison Result Analysis

Value for money is one of the most important metrics that one should take into account while comparing cryptocurrency exchanges, as it shows whether the brand offers acceptable quality compared to the price. In this case, Binance has a higher value for money score than Kraken.

It’s also very useful to look at the number of active users. Clearly, if comparing Binance vs Kraken, the bigger active user base is gathered by Binance with around 28.6M users. Whereas Kraken has around 4M active users. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than Kraken.

It’s also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs Kraken comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to Kraken with a fee of Up to 0.26%.


VS
Coinbase
COINBASE
Binance
BINANCE
9.6
9.8
VS
eToro
ETORO
Binance
BINANCE
7.9
9.8
VS
Gemini
GEMINI
Binance
BINANCE
7.7
9.8


How Is This Binance vs Kraken Comparison Created?

We Collect Binance vs Kraken

1. We Collect

The data represented in this Binance vs Kraken crypto exchange comparison is fact-based & collected from trusted, verified sources only. In this way we make sure that the reader’s decision is measured & based on real facts.

We Examine Binance vs Kraken

2. We Examine

To filter out the gathered data, our researchers examine & analyze it by using data science methods. Whether it’s user feedback, service features or pricing, everything passes through our strict review process in order to filter out false info & advertising claims.

We Score Binance vs Kraken

3. We Score

In order for this Binance vs Kraken cryptocurrency exchange comparison to help you easily decide which brand is the best, each feature is represented with a score, a grading system or in any other commonly understandable format.

You Choose Binance vs Kraken

4. You Choose

When the gathered data is aggregated, analyzed & put into a comprehensive chart, it’s your time to browse it and choose the best cryptocurrency exchange according to your preferences. But always make sure to know your crypto goals first!

FAQ

Which features are the most important in this Binance vs Kraken cryptocurrency exchange comparison?

The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you’re looking for specific features, these evaluation points might be less important to you than others.

How can I choose the best crypto exchange for me?

First, you need to evaluate your knowledge level and goals in the crypto world. If you’re a beginner, you might have different objectives than you would as an advanced user. Of course, even if you have your goals figured out, it might be hard going through dozens of exchanges & trying to find the best one. This cryptocurrency exchange comparison tool makes this process a whole lot easier - just choose the brands you want to compare & you’ll get all the info you need at your fingertips!

How is this cryptocurrency exchange comparison tool used?

To start your comparison, you need to pick out the exchanges you want to put head-to-head. Select it in the drop-down menu above and click “Compare Now”. You will see an in-depth side by side comparison of your chosen crypto exchanges. For a brief overview, look at the first general table. For more thorough analysis, browse the second, more extensive table which reveals all the main features, ranging from cryptocurrency exchange fees comparison to security comparison. Once you have all this info at your fingertips, it’s very easy to pick out the best crypto exchange!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.