Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
 Share
Home Platforms Binance vs Kraken

Compare Binance vs Kraken

 vs
Add / Remove Platforms

Pros & Cons
tick The biggest crypto platform in the world
tick Huge array of innovative crypto related services
tick High liquidity exchange offers competitive rates
tick Low maker and taker exchange fees
tick Higher average review rating than Kraken (94% vs 89%)
tick More reviews than Kraken (169,027 vs 12,752 reviews)
tick Higher rating for android phone app than Kraken (4.7 vs 4.2 stars)
tick Has fewer users than Kraken
tick Offers loans but Kraken doesn't
tick Peer to peer exchange available on Binance but not on Kraken
tick Account verification in less than 1 hour available on Binance but not on Kraken
tick Has a higher maker fee than Kraken
tick Has a higher taker fee than Kraken
tick Interface supports Bulgarian, Greek, Arabic, Argentinian-Spanish, Latvian, Polish, Brazilian-Portuguese, Swedish, Romanian, Czech, Hebrew, Slovenian, Traditional Chinese, Indonesian, Mexican Spanish, Ukrainian Russian, Hindi, Chilean Spanish, Peruvian Spanish, Colombian Spanish and Urdu whereas Kraken doesn't
tick One of the biggest crypto exchanges in the world
tick Large selection of supported cryptocurrencies
tick Very competitive maker and taker fees
tick Available in almost all countries
tick Higher rating on Trustpilot than Binance (2.7 vs 2.1 stars)
tick Been in business longer than Binance (Founded 2011 vs 2017)
tick Has less assets under management than Binance
tick Has email support but Binance doesn't
tick Has phone support but Binance doesn't
Staking Rates
tick Kraken will pay interest on 12 crypto currency deposits not offered by Binance:
Cardano (ADA)
Algorand (ALGO)
Cosmos (ATOM)
Bitcoin (BTC)
Polkadot (DOT)
Ethereum (ETH)
Flow (FLOW)
Kava (KAVA)
Kusama (KSM)
Mina (MINA)
Solana (SOL)
Tezos (XTZ)
More ...
cross Headquarters location and license status unclear
cross Fiat withdrawls not available in some countries due to regulatory reasons
cross A bit complex for beginners
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
Go To Platform
Go To Platform

Reviews
94% based on 169,027 reviews
89% based on 12,752 reviews
User Reviews
Overall User Rating
94%
166,624 reviews
94%
1 review
42%
2 reviews
76%
86 reviews
83%
2,092 reviews
94%
163,600 reviews
37%
77 reviews
92%
765 reviews
100%
1 review
Show All User Reviews
User Reviews
Overall User Rating
89%
12,513 reviews
84%
26 reviews
54%
2 reviews
80%
14 reviews
82%
457 reviews
90%
11,900 reviews
24%
58 reviews
90%
56 reviews
Show All User Reviews
Expert Reviews
Overall Expert Rating
92%
2,403 reviews
96%
96%
94%
98%
80%
80%
86%
56%
92%
81%
92%
90%
90%
98%
83%
80%
90%
90%
85%
94%
45%
90%
90%
70%
90%
90%
87%
60%
72%
89%
80%
100%
100%
80%
91%
94%
96%
94%
88%
100%
89%
86%
100%
90%
85%
96%
60%
84%
88%
90%
Show All Expert Reviews
Expert Reviews
Overall Expert Rating
60%
239 reviews
92%
96%
85%
96%
70%
82%
78%
80%
80%
93%
100%
82%
100%
80%
87%
70%
91%
90%
85%
80%
49%
98%
90%
48%
92%
100%
78%
100%
48%
87%
90%
88%
93%
88%
80%
80%
60%
90%
40%
80%
80%
100%
91%
90%
100%
100%
100%
76%
78%
80%
98%
77%
75%
88%
78%
85%
90%
82%
100%
76%
72%
20%
60%
Show All Expert Reviews
Go To Platform
Go To Platform

Staking Rates
The table below compares the staking rates for Binance and Kraken.
Crypto Currencies
Loading rates ...
Crypto Currencies
ADA Cardano
5%
5%
ALGO Algorand
4.75%
4.75%
ATOM Cosmos
7.5%
7.5%
BTC Bitcoin
0.25%
0.25%
DOT Polkadot
12%
12%
ETH Ethereum
5.5%
5.5%
FLOW Flow
7.5%
7.5%
KAVA Kava
23%
23%
KSM Kusama
18%
18%
MINA Mina
16%
16%
SOL Solana
6.5%
6.5%
XTZ Tezos
4.7%
4.7%
Loading rates ...
Go To Platform
Go To Platform

Company
Legal name
Binance UAB
Legal name
Payward Inc
Year founded
2017
Year founded
2011
Country incorporated in
135
Country incorporated in
2
Headquarters country
135
Headquarters country
2
Platform token
BNB
Platform token
Decentralised
cross No
Decentralised
cross No
Number of employees
4000
Number of employees
250
Number of users
29,000,000
Number of users
4,000,000
Total assets under management
$3,000,000,000USD
Total assets under management
$10,000,000,000USD
Go To Platform
Go To Platform

Products
Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
cross No
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
tick Yes
Pro exchange marketplace
tick Yes
Peer to peer exchange
tick Yes
Peer to peer exchange
cross No
Margin trading
tick Yes
Margin trading
tick Yes
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
cross No
Futures exchange
tick Yes
Futures exchange
tick Yes
Go To Platform
Go To Platform

Security
Insurance level
$285,000,000USD
Insurance level
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
Self custody
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
Go To Platform
Go To Platform

Support
24/7 support
tick Yes
24/7 support
tick Yes
Email support
cross No
Email support
tick Yes
Phone support
cross No
Phone support
tick Yes
Chat support
tick Yes
Chat support
tick Yes
Go To Platform
Go To Platform

Fees
Maker fee
0%
Maker fee
0%
Taker fee
0%
Taker fee
0%
Exchange fees
Exchange fees
Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for traders exchanging more than $10,000,000 per month
Fiat deposit fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 3.5% for others.
Fiat deposit fee
tick Free
Fiat withdrawal fee
Varies by currency and deposit method. Free for some methods/currencies. Up to 2.5% for others.
Fiat withdrawal fee
tick Free
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Crypto withdrawal fee
Varies by currency. 0.0005 BTC for Bitcoin.
Crypto withdrawal fee
tick Free
Crypto wallet withdrawal limit
Up to 100 BTC per day for verified accounts
Crypto wallet withdrawal limit
Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 per day
Fiat wallet withdrawal limit
Fiat wallet withdrawal limit
Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 per day.
Go To Platform
Go To Platform

Investment Strategy
Independent proof of reserves
Independent proof of reserves
tick Yes
Go To Platform
Go To Platform

Registrations & Regulation
Know your customer
tick Yes
Know your customer
tick Yes
Regulators
Regulators
Regulated by FinCEN in the USA, FINTRAC in Canada, FCA in the UK, the Australian Transaction Reports and Analysis Centre in Australia and the FSA in Japan
Financial Crimes Enforcement Network
Financial Crimes Enforcement Network
tick Yes
Financial Conduct Authority
Financial Conduct Authority
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Financial Services Agency - Crypto Asset Exchange Operator
Financial Services Agency - Crypto Asset Exchange Operator
tick Yes
Go To Platform
Go To Platform

Other Platform Comparisons

Blog Page 1
Blog Page 2
Blog Page 3
Blog Page 4
Crypto Platform News - Uptober 2023
Crypto Platform News - September 2023
Crypto Platform News - August 2023
The Evolution of Monetary Sovereignty in Modern Finance and the Dollar as a Measurement Unit.
Crypto Platform News - July 2023
Crypto Platform News - June 2023
The Top 5 Biggest Crypto Cities and Communities
Responsible Development of AI; Let's be good parents for AI
Crypto Platform News - May 2023
April 2023 Market Review
Crypto Platform News - April 2023
Crypto Platform News - March 2023
March 2023 Market Review
Are cryptocurrencies securities? Is Bitcoin Halal?
February 2023 Market Review
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

About Us
Blog
Jobs
Contact Us
Terms
Privacy & Cookies
Sitemap
Follow DeFinda on Twitter
© DeFinda 2024
Share Page Using
Twitter
Email
Whatsapp
Facebook
Reddit
LinkedIn