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Kraken vs. Binance.US: Which exchange is better?

Kraken and Binance.US both offer users many benefits, but one stands out. Find out which crypto exchange comes out on top.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade 260 cryptos.
  • Instant funding & advanced trading options.
  • Join 9M+ users around the world.
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Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Kraken and Binance.US are two of the top cryptocurrency exchanges on the market. Each offers users similar digital asset selections and solid security.

Kraken is an international exchange, meaning it can cater to citizens both in and outside the US. Binance.US is only available to US residents, (though Binance is available to non-US residents) but it is simple to use and has its own proprietary wallet along with straightforward fees.

Find out who wins the competition between Binance.US and Kraken.

Round 1: Kraken vs. Binance.US on vital statistics

Both Kraken and Binance.US are based in the US, but only Binance.US offers staking options for its users.

But when it comes to trading options, Binance.US only has spot trading while Kraken has spot and derivatives trading available. Both offer mobile apps but only Binance.US has a proprietary noncustodial wallet and its own token.

Kraken offers NFTs directly on the platform in addition to offering account management. Kraken wins vital statistics because it’s accessible to a wider number of users and has more features.

Kraken Cryptocurrency ExchangeBinance.US Cryptocurrency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
FCA-registered
Exchange locationUSAUSA
Offers a debit card
Go to site
More Info
More Info

Winner: Kraken


Round 2: Supported coins

The number of coins and tokens supported by both Binance.US and Kraken are comparable. The only major difference between the platforms is that Kraken supports Ripple (XRP) while Binance.US doesn’t.

Kraken Cryptocurrency ExchangeBinance.US Cryptocurrency Exchange
Number of tradeable crypto assets261156
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More Info
More Info

Winner: Kraken


Round 3: Supported fiat currencies

Kraken supports far more fiat currencies. Binance.US only supports US dollar deposits and withdrawals. Kraken supports all the major fiat currencies for both deposits and withdrawals.

In addition, Kraken has more options for US dollar deposits than Binance.US. Kraken wins this round because it supports exponentially more fiat currencies than Binance.US.

Kraken Cryptocurrency ExchangeBinance.US Cryptocurrency Exchange
Number of supported fiat currencies61
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More Info
More Info

Winner: Kraken


Round 4: Fees

Both Kraken and Binance.US have competitive fee structures.

Binance.US is far simpler, with trading fees starting at a flat 0.1% for both makers and takers. Kraken’s fees depend on your trading volume and what kind of trade you are doing.

However, Kraken’s USD withdrawal fees are cheaper than Binance.US’ fees. Binance.US users can get lower-cost trading fees by using Binance Coin.

Binance.US wins this round for having simpler/cheaper fees and an easier way to further reduce them.

Kraken Cryptocurrency ExchangeBinance.US Cryptocurrency Exchange
Deposit FeesACH deposit - Fees vary ($10 minimum deposit)
Credit and debit card - Fees vary ($10 minimum deposit)
Apple Pay or Google Pay - Fees vary ($10 minimum deposit)
Crypto - Free
Wire transfer: None
Debit card: 3.75%
Apple Pay: 3.75%
Cryptocurrency: None
Trading FeeMaker: 0-0.16%
Taker: 0.1-0.26%
Maker: 0-0.30%
Taker: 0-0.45%
Withdrawal FeesFedWire withdrawal - $4-$35
Crypto - Fees vary depending on coin or token
Wire transfer: $10-15 (minimum $100 withdrawal)
Cryptocurrency: Fees vary
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online bankingCryptocurrency, Debit card, Wire transfer, Apple Pay
Go to site
More Info
More Info

Winner: Binance.US


Round 5: Wallets

Kraken has no proprietary wallet, only its exchange wallet that is custodial. And Kraken has no plans to offer users a noncustodial wallet.

Binance.US on the other hand has its proprietary noncustodial Binance Wallet. It can be connected to both the Binance Smart Chain and Ethereum networks, store NFTs and interact with dApps.

Binance.US wins this round for its useful, proprietary Binance Wallet.

Winner: Binance.US


Round 6: Ease of use

While both these platforms aim to cater to new users by providing lots of guides and information, Kraken is still a more complex platform. Though not difficult to use, there are far more features and things to learn if using Kraken.

Comparatively, Binance.US essentially only offers users trading and staking, creating a simpler user experience. Its user interface is also less cluttered than Kraken’s.

Binance.US wins this round for its simple interface and options.

Winner: Binance.US


Round 7: Security

Binance.US has never been hacked before, but its parent company, Binance, has. It was able to quickly pay back affected users and neither platform has had a breach since then.

Kraken has never experienced a hack. It takes a proactive security approach and offers bug bounties for those that can find issues in its security.

Kraken also does its own penetration testing. Both platforms store a majority of user assets in cold storage.

Kraken wins this round because it’s never been hacked and takes a proactive security approach.

Winner: Kraken


Binance.US vs. Kraken winner: Kraken

Though this was a close competition between two great exchanges, Kraken comes out on top by taking four out of seven categories when compared to Binance.US. Kraken is accessible to more users, has more features and has better security than Binance.US.

Neither exchange is a bad option for US citizens, with Binance.US perhaps being preferred if you are solely interested in spot trading and are not interested in any of the other features available on Kraken.

Go to Kraken's website


Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.
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Capital at risk

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Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

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Capital at risk

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KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Go to site

Capital at risk

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Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.
Go to site

Capital at risk

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Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Go to site

Capital at risk

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Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

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Capital at risk

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OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Go to site

Capital at risk

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Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

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EXCLUSIVE
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

Finder Exclusive: Get 25% discount on all commission for 1 transaction when using promocode Finder25. There is no time limit on the validity of the promo code.
US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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Capital at risk

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Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

90

Capital at risk

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Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

15

Capital at risk

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OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

152

Go to site

Capital at risk

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Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

384

Capital at risk

View details
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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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