Even though it is easy to use, previous crypto trading knowledge is expected from prospective users. The time novice investors spend learning to navigate the platform may be better utilized in making trades on competitive exchanges.īinance follows Kraken in the same fashion. However, they may be overwhelming for most investors who have just diversified their portfolios with crypto coins. Kraken has many features and advanced order types that most experienced users will appreciate. Unfortunately, margin trading is not supported on Binance.US. This number is somewhat low when compared to Kraken.Īpart from the crypto coins they support, both platforms enable staking, margin, and futures trading. US users of Binance can only trade around 65 coins. However, the story is different when it comes to the US market. The more than 500 coins available on the native Binance platform are an impressive number. Out of these pairs, US users cannot make any fiat-fiat trades. Apart from this, Kraken enables users access to fiat-crypto, crypto-crypto, and fiat-fiat pairs. Needless to say that you can trade Bitcoin (BTC), Ethereum (ETC), and Dogecoin (DOGE). Users who choose to trade crypto on Kraken will have access to more than 120 coins. Binance vs Kraken: Number of Cryptocurrencies
#BINANCE VS KRAKEN PRO FULL#
Yet, you need a verified account to gain full access to Binance. Furthermore, you will be able to use some of the most basic features without verification. The higher the tier, the more information you will need to submit.
#BINANCE VS KRAKEN PRO VERIFICATION#
It’s more demanding and requires the submission of additional documentation.īinance has different verification levels as well. However, applying for the highest tiers resembles opening a bank account. You will need to provide basic information like first and last name and date of birth for the lowest tiers.
Kraken has different verification tiers, meaning users can choose the amount of personal data they will share with the exchange. What’s there to know about the Kraken KYC process? However, this is not the case with users’ age (at least 18 or older) and residence. Now, let’s go into detail in our Binance vs Kraken comparison! Account Requirementsīoth platforms provide their users with some flexibility when it comes to account requirements. Yet, Kraken is supported in all but two US states, and available in more countries worldwide. Starter, Express, Intermediate, Individual Pro, and Business ProĪpple Pay, Google Pay, Clear Junction, Pay ID, EtanaCash, Wire Transfer, Credit/Debit card (for Intermediate or Pro)īank Transfer, Credit/Debit Card, iDEAL, Advcash, Etana, Banxa, Flutterwave, Google Pay, PayID, PIX Payment, Samsung Pay, SimplexĠ.9% for stable coins and 1.5% for other crypto on Instant Buy0.00% – 0.26% maker-taker on Proīased on trading volume: up to 0.1% spot trading fee, and 0.5% crypto exchange feeĬrypto deposits are mainly free, fiat deposits depending on currency and deposit methodĮmail, Live Chat, ticketing system, social mediaĪs you can already tell, the platforms are similar in many aspects.
Let’s start by looking at their basic features and comparing them side by side. We will provide you with a lengthy exploration of how they compare in ease of use, available crypto coins, and much more. Let’s find out what’s so appealing about them and how they compete against each other in this Kraken vs Binance review. Kraken and Binance are two of the world’s most popular crypto exchange platforms, with millions of users buying and selling digital assets every day.
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