95% of assets kept in cold storage
Accessible to users in 48 U.S. states
Beginners may face a learning curve.
Low trading fee
Educational resources available
Solid list of cryptocurrencies
Lengthy KYC identity verification process
Not available in the US
Kraken and Binance share 15 similar advantages, yet differences exist. First, we evaluated both platforms by looking at the advantages each platform provides, whether it is through their application or web platforms, such as tutorials and guides for beginners, advanced features for experienced traders, fees associated with trading and withdrawal, and the signup bonus you can claim today.
Binance will undoubtedly be your platform of choice if you’re a cryptocurrency user wanting to trade a wide range of altcoins. Additionally, users that trade big sums of bitcoin on a monthly basis will want to continue with Binance due to the cheaper costs seen at greater trading thresholds and the exchange’s degree of security.
On the other hand, the need for adequate security when it comes to cryptocurrency exchanges cannot be overstated. Due to the highly regulated nature of cryptocurrency exchanges situated in the United States, Kraken is largely regarded as one of the safest cryptocurrency exchanges in the world.