Kraken vs Binance US
By Top 10 team Published June 10, 2022
Kraken vs Binance US:
The top 10 Crypto team is dedicated to ranking and comparing top exchanges in the market. To review references used in this review, please revert to the reference table at the end of this review. this review is not sponsored.
Millions of people utilize Kraken and Binance, two cryptocurrency trading exchange sites. Both are in the top ten largest exchanges by trading volume, with Kraken coming in fourth and Binance.us coming in tenth.
you’ll find an in-depth Binance.us vs Kraken comparison across key factors to help you choose the best crypto trading platform for you.
To assist readers in selecting a platform, we compared Binace.us vs Kraken by examining supported currencies, security measures, overall fees, and features.
- Fees: 0% to 0.26% per trade, 3.75% + €0.25 for credit card purchases, and 0.5% for online banking processing
- Currencies: 120+
- Security: 2FA withdrawal email confirmation, air-gapped cold storage, strict surveillance, precise API key permission control, SSL encryption
- Wallet: N/A
- Transactions Supported: Buy, sell, send, receive, exchange, margin trading, limit order, market order, stop-loss limit order, stop-loss market orders, futures trading, take profit market order, and more
- Daily Trading Amount: $100,000
- Mobile App: iOS and Android
- An updated and shorter verification process
95% of assets kept in cold storage
Accessible to users in 48 U.S. states
- U.S. users can’t deposit or withdraw funds via ACH
Beginners may face a learning curve.
- Fees: Tiered maker/taker model. 0.1% spot fee; can get a 25% discount on your fee if you hold BNB
- Currencies: 80
- Security: cold storage, two-factor authentication
- Wallet: Keep coins in Binance.US account or transfer to your own wallet
- Transactions Supported: Buying and Selling
- Daily Trading Amount: $5000
- Mobile App: iOS and Android
Low trading fee
Educational resources available
Solid list of cryptocurrencies
Lengthy KYC identity verification process
Not available in seven US states
Limited selection of assets
Methodology
Kraken and Binance.us share 13 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.
Verdict on Kraken vs Binance US:
It’s difficult to pick a clear winner between Kraken and Binance.US.
They share more than just being well-known bitcoin exchanges.
Both provide feature-rich interfaces and complex trading tools that will be most beneficial to skilled traders with a fair amount of expertise. Beginners will be able to catch up fast thanks to the excellent support resources and user-friendly interfaces. However, Binance trading costs are often lower, and Kraken has a more reassuring track record in terms of security.
at Kraken.com
at Binance.us
