Kraken vs Binance
Rating at a glance
Fee comparison
| Maker fee | Kraken: 0.25% → 0.00% (Pro, volume) · Binance: 0.10% (spot, lower with BNB/VIP) |
|---|---|
| Taker fee | Kraken: 0.40% → 0.10% · Binance: 0.10% |
| Withdrawal | Kraken: Varies by asset · Binance: Varies by asset/network |
Feature comparison
| Rating | Kraken: 4.4/5 · Binance: 4.4/5 |
|---|---|
| Type | Kraken: CEX · Binance: CEX |
| Supported assets | Kraken: 230+ assets · Binance: 350+ assets |
| Best for | Kraken: Security-conscious traders who want a long-standing, reliable exchange · Binance: Active traders who want the deepest liquidity and lowest fees |
KYC, regulation & country availability
| KYC required | Kraken: Yes · Binance: Yes |
|---|---|
| Regulated | Kraken: Yes · Binance: Yes |
| Country availability | Kraken: United States, EU, UK, 190+ countries · Binance: Global (excludes EU since 1 July 2026) |
| Availability summary | Kraken: Available in 4+ listed countries/regions · Binance: Available globally, with some regional restrictions |
| Notable incidents | Kraken: Long track record with no major custody breach; strong proof-of-reserves history. · Binance: 2019 hot-wallet hack (~7,000 BTC, reimbursed via SAFU); 2023 US DOJ/CFTC settlement ($4.3B). |
Which should you choose?
- Choose Kraken if security-conscious traders who want a long-standing, reliable exchange. Avoid if you only use the high-fee instant-buy flow.
- Choose Binance if active traders who want the deepest liquidity and lowest fees. Avoid if you want a simple, fully us-regulated beginner exchange.
Kraken vs Binance FAQ
What is the difference between Kraken and Binance? +
Kraken is best for security-conscious traders who want a long-standing, reliable exchange; Binance is best for active traders who want the deepest liquidity and lowest fees.
Which has lower fees, Kraken or Binance? +
Kraken: taker 0.40% → 0.10%. Binance: taker 0.10%. Confirm current fees on each site.
Is Kraken or Binance safer? +
Kraken: regulated; Long track record with no major custody breach; strong proof-of-reserves history.. Binance: regulated; 2019 hot-wallet hack (~7,000 BTC, reimbursed via SAFU); 2023 US DOJ/CFTC settlement ($4.3B)..
Does Kraken require KYC? +
Yes.
Does Binance require KYC? +
Yes.
Where is Kraken available? +
Available in 4+ listed countries/regions. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site.
Where is Binance available? +
Available globally, with some regional restrictions. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site.
Can you use both Kraken and Binance? +
Yes. Many users keep accounts on more than one platform and use each where it is strongest.
When was this comparison last verified? +
Last verified on 2026-07-04.
Reviewed by Arjun Mehta
Editorial lead overseeing FlixoCrypt's research, sourcing and verification process
Last verified: