Head to head

Binance vs Kraken — which broker is better?

Binance or Kraken? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Binance

The deepest liquidity and the cheapest headline fees in crypto — attached to the weakest regulatory record of any venue this size.

3.9

Group index 53/100Protection depends on your legal entity

JFSAFSRAVARA+1

Stocks (per order): 0.1 %
Minimum deposit: None
5,000 order: €5

Visit broker Full review

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

4.1

Group index 78/100Protection depends on your legal entity

CBICBICBI+9

Stocks (per order): Free
Minimum deposit: €1
5,000 order: €0

Visit broker Full review

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

The verdict in numbers

Four decision axes, each derived from the recorded data.

Overall Kraken takes it, 4.1 against 3.9 out of 5. Kraken is the cheaper of the two: a reference EUR 5,000 stock order costs €0.00 there against €5.00. Kraken scores 78 against 53 out of 100 on the group index. Your account's protection depends on its legal entity. Kraken covers more ground with 7 of 14 asset classes against 6. On platform and app Binance is ahead, 4.6 against 4.5 out of 5. Which one is right depends on which of these axes matters for your trading profile.

Overall score

Binance: 3.9
Kraken: 4.1 — Better

Costs

Binance: €5.00
Kraken: €0.00 — Better

Group indexNo winner

Binance: 53 of 100
Kraken: 78 of 100

Product range

Binance: 6/14
Kraken: 7/14 — Better

Platform & app

Binance: 4.6 — Better
Kraken: 4.5

Compare brokers side by side

Up to four brokers at once — every row a decision point.

Data as of: 30 Aug 2026

Best value in the row

Binance · Kraken
Criterion	Binance 3.9 Visit broker	Kraken 4.1 Visit broker

Overall score	3.9	4.1 — Better
Group index	53 of 100	78 of 100
Best for	High-volume active tradersCrypto derivatives and perpetuals tradersAPI and algorithmic tradersCost-sensitive spot traders outside the EEATraders who need altcoin depth	Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Regulation	JFSAFSRAVARAFinCEN	CBICBICBIFCAFCAFCASECCFTCWY DoBCySEC+2
Top-tier licences	1	9 — Better
Investor protection	None	None
Listed group	No	No
Banking licence	No	Yes
Segregated client accounts	Yes	Yes
Negative balance protection	No	No
Audited financials	No	No
Disclosed regulatory actions	4	2
Founded	2017	2011
Headquarters	No declared global headquarters; Binance Holdings Ltd. is registered in the Cayman Islands, KY	San Francisco, California, US

Fees	4.6 — Better	3.4
Safety & regulation	2.4	4.6 — Better
Trading platform	4.6 — Better	4.5
Product range	4.5	4.6 — Better
Mobile app	4.5 — Better	4.4
Research	3.8 — Better	3.6
Customer support	3.2	4.0 — Better
Deposit & withdrawal	3.2	4.0 — Better
Account opening	3.4	4.3 — Better
Education	4.2 — Better	3.8

Reference order EUR 5,000	€5.00	€0.00 — Better
Minimum deposit	None — Better	€1
Stocks (per order)	0.1 %	Free
US stocks	n/a	n/a
ETFs	0.1 %	Free
Options	tiered	tiered
Futures	tiered	tiered
Crypto	tiered	tiered
Bonds (order)	n/a	n/a
Funds (order)	n/a	n/a
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	n/a	n/a
Inactivity fee	None	None
Custody fee	None	None
Withdrawal fee	n/a	€1
Deposit fee	Crypto deposits are free. Fiat pricing varies by rail and by promotion: SEPA Instant euro deposits have run under a standing zero-fee campaign, while standard SEPA bank transfers have carried a EUR 1 flat fee. Card deposits on Visa and Mastercard cost roughly 1.8% to 2%, and Apple Pay, Google Pay and PayPal roughly 2%. All fiat deposits from EEA residents are suspended as of 1 July 2026.	free
Overnight financing	n/a	n/a
Other fees	Direct Equities (US shares and ETFs): 0.10% trading spread on orders from USD 340, or a flat USD 0.35 platform fee per order below that; promotional 0.05% and USD 0.17 until 30 September 2026, 23:59 UTC. No account, inactivity or custody fee and no minimum balance. Outgoing DTC transfer USD 150.00 per security per submission (ACATS not supported); voluntary corporate action USD 200.00 per election; mandatory corporate actions USD 0.00. Executed by Nest Exchange Limited, cleared by Alpaca Securities LLC BNB fee discount: 25% off spot trading fees and up to 10% off futures fees when the fee is settled in BNB — the single largest lever on Binance's headline pricing Crypto withdrawal: A per-asset network fee that Binance sets itself and updates with chain conditions; it is shown before you confirm but is not a fixed published schedule, and on some networks it has run above the underlying chain cost Convert: Zero explicit commission — the cost is inside the quoted rate, so the spread is the fee. Convert is materially more expensive than the spot order book for anything but very small amounts Cross and isolated margin: Hourly interest that varies by asset and by VIP tier, published per coin, plus a liquidation clearance fee Binance Earn and staking: Advertised yields are quoted net; Binance does not publish a headline commission percentage on locked and flexible products the way Kraken and Coinbase do +1	Instant buy (Kraken app): 1% on instant purchases, 1.5% on custom orders, and a flat 3% on conversions below the minimum order size Kraken+: USD 4.99 a month or USD 49.99 a year (4.99 / 49.99 in GBP, EUR, CAD or AUD); monthly billing and the 30-day free trial only through the mobile app, Kraken Web sells annual plans only. Waives the 1% fee on instant and recurring trades and the 1.5% fee on custom orders — Buy, Sell and Convert in the Kraken app and on kraken.com — on up to USD 10,000 a month (10,000 GBP/EUR/CAD/AUD in those regions). Does not cover Spot, Futures, API or OTC trades on Kraken Pro; spreads and payment-processing fees still apply. Also boosts stablecoin rewards Margin: Opening and rollover fees of roughly 0.02%–0.05% depending on asset, with rollover assessed every 4 hours; liquidations carry a 2% fee Staking commission: 20% of rewards on flexible on-chain staking; bonded and asset-specific rates vary Cash deposits: Free — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments and CHF SIC all cost nothing, from a EUR 1 / USD 1 / GBP 1 / CHF 1 minimum. Only CHF via SWIFT carries a fee, at CHF 0.75 Inactivity / custody fee: None — Kraken states it charges no fee for storing funds, account inactivity or account maintenance

Asset classes (of 14)	6	7 — Better
Exchanges	n/a	n/a
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	Yes	Yes
Futures	Yes	Yes
Forex	No	Yes
CFDs	No	No
Crypto	Yes	Yes
Bonds	No	No
Funds	No	No
Commodities	No	No
Indices	No	Yes
Warrants	No	No
Spread betting	No	No
Social trading	Yes	No

Platforms	Binance webBinance desktop appBinance mobile appBinance APITradingView integrationBinance Copy TradingBinance VIP and Institutional	Kraken ProKraken DesktopKraken (mobile app)Kraken APIKraken CLIKrakKraken Institutional / Prime
Demo account	Yes	No
Fractional shares	Yes	No
Maximum leverage	1:125	1:5
Account opening	Fully online and usually complete within minutes to a few hours once identity verification clears; EEA residents cannot open an account at all as of August 2026	Fully online; verification typically completes the same day, faster for EEA applicants with a supported ID
Account types	Regular (VIP 0)VIP 1–9Binance Copy TradingBinance VIP and InstitutionalBinance.US	KrakenKraken ProKraken+VIPKraken Institutional

Payment methods	SEPASEPA InstantBank transferCredit cardDebit cardApple PayGoogle PayPayPalCrypto	SEPASEPA InstantBank transferCrypto
Account currencies	USDEURGBPTRYBRLAEDPLN	USDEURGBPCHFCADAUD
Deposit time	Crypto deposits confirm in minutes; SEPA Instant is near-instant and standard SEPA takes 0–2 business days; card and wallet deposits are instant. Fiat deposits from EEA residents are suspended as of 1 July 2026	SEPA and SEPA Instant 0–3 business days or instant; USD ACH near-instant; GBP Faster Payments 0–1 business days; CHF SIC same day
Withdrawal time	Crypto withdrawals typically process within minutes once security holds clear; fiat withdrawals 0–3 business days depending on the rail	SEPA 0–5 business days, SEPA Instant near-instant; USD ACH 0–2 business days; GBP FPS near-instant; CHF SIC same day
Free withdrawals	n/a	n/a

Languages	EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+11	EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+6
Channels	Live chatEmailTicket system	PhoneEmailLive chatTicket system
Availability	24/7 live chat and ticketing; no published retail telephone line	24/7 live chat, with phone support and a ticket queue

Strengths and weaknesses side by side

Editorial assessment based on the recorded data.

Binance

The deepest liquidity and the cheapest headline fees in crypto — attached to the weakest regulatory record of any venue this size.

3.9

Pros

Spot pricing of 0.1000% maker and taker at VIP 0, dropping to 0.0750% on both sides when fees are settled in BNB — among the cheapest entry rates of any major venue
Futures from 0.0200% maker and 0.0500% taker, with up to 10% off in BNB and a ladder that reaches 0.0000% maker at the top tier
The deepest order books in crypto: roughly 500 listed assets and more than 1,500 trading pairs, which translates directly into lower slippage on size
REST, WebSocket and FIX APIs with a public futures testnet — the reference implementation most third-party crypto trading software is written against first
Binance Academy is the best free crypto education library published by any exchange, and Binance Research produces genuine sell-side quality market work
Full FSRA authorisation in Abu Dhabi Global Market since January 2026 across exchange, clearing, custody and brokerage entities, plus a full VARA licence in Dubai and a JFSA registration in Japan
A mobile app that consistently ranks among the highest-rated finance apps on both stores, with a Lite mode for beginners and near-complete Pro functionality

Cons

No MiCA authorisation. Since 1 July 2026 residents of the EEA cannot sign up, place new spot orders, deposit funds or use Earn and staking — only withdrawals and Convert remain open, and Binance has named neither a replacement jurisdiction nor a date
The 2023 US resolution was a criminal one: guilty pleas to Bank Secrecy Act, unlicensed money transmitting and sanctions offences, more than USD 4.3 billion in penalties, a five-year FinCEN monitorship and a forced exit from the United States
Binance Holdings Ltd. is private, publishes no audited financial statements, and as of 2026 still has no declared global headquarters — the group's own chief executive says the location is undecided
Crypto assets held at Binance are covered by no deposit guarantee and no investor compensation scheme; the SAFU insurance fund is a discretionary company reserve, not a statutory protection
Customer support is chat and ticket only with no published retail phone line, and slow handling of account restrictions is the single most common complaint against the platform
The product surface is overwhelming — spot, margin, futures, options, Earn, Launchpool, Convert, Copy Trading, Card, NFT and more, each with its own risk profile and its own fee logic

Best for

High-volume active tradersCrypto derivatives and perpetuals tradersAPI and algorithmic tradersCost-sensitive spot traders outside the EEATraders who need altcoin depth

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

4.1

Pros

Wyoming SPDI bank charter through Kraken Financial — a full-reserve institution required to hold 100% unencumbered liquid assets against customer fiat, with a Federal Reserve limited-purpose master account
Two MiCA Crypto-Asset Service Provider authorisations plus an EMI licence from the Central Bank of Ireland, passported across all 30 EEA countries
The first crypto-native firm to hold all three CFTC licences — DCM, DCO and FCM — through Bitnomial, plus a second FCM in Kraken Derivatives US
SEC-registered broker-dealer (Kraken Securities LLC) and registered investment adviser (Kraken Adviser LLC)
831 assets and 1,432 trading pairs on the public API as of August 2026, spanning spot, margin, futures, options, forex markets and indices
Cash deposits are free on every major rail — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments, CHF SIC — with fully published withdrawal fees
Staking commission of 20% on flexible on-chain staking, well below Coinbase's 35%
Kraken Pro, a native desktop client, a mature API and a CLI aimed at automated agents — a genuinely deep tooling stack for a crypto venue

Cons

Entry-tier spot pricing of 0.40% maker and 0.80% taker is the most expensive base rate among major regulated venues, and you need USD 10,000 of 30-day volume before it drops below 0.40% taker
The simple app charges 1% on instant buys, 1.5% on custom orders and a punitive flat 3% on conversions below the minimum order size
Zero-fee buying, selling and converting in the app (up to USD 10,000 a month, not Kraken Pro trades) is behind a USD 4.99 monthly Kraken+ subscription rather than built into the base schedule
Payward is privately held and does not publish audited financial statements; Proof of Reserves attestations are useful but are not the same thing
The 11,000 commission-free stocks and ETFs are US-only — EEA clients get xStocks tokenised equities, which are crypto-asset products with different rights and no share ownership
Product sprawl is real: Kraken, Kraken Pro, Kraken Desktop, Krak, NinjaTrader, Bitnomial, Breakout and xStocks sit under one brand with different entities, licences and eligibility rules per country

Best for

Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Open an account with either

A demo account costs nothing and answers the platform question in ten minutes.

Visit broker: Binance Visit broker: Kraken

More comparisons

Alternatives people weigh up alongside these two.

Binance vs Kraken — which broker is better?

Binance or Kraken? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.

The verdict in numbers

Four decision axes, each derived from the recorded data.

Binance · Kraken
Criterion	Binance 3.9 Visit broker	Kraken 4.1 Visit broker

Overall score	3.9	4.1 — Better
Group index	53 of 100	78 of 100
Best for	High-volume active tradersCrypto derivatives and perpetuals tradersAPI and algorithmic tradersCost-sensitive spot traders outside the EEATraders who need altcoin depth	Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Regulation	JFSAFSRAVARAFinCEN	CBICBICBIFCAFCAFCASECCFTCWY DoBCySEC+2
Top-tier licences	1	9 — Better
Investor protection	None	None
Listed group	No	No
Banking licence	No	Yes
Segregated client accounts	Yes	Yes
Negative balance protection	No	No
Audited financials	No	No
Disclosed regulatory actions	4	2
Founded	2017	2011
Headquarters	No declared global headquarters; Binance Holdings Ltd. is registered in the Cayman Islands, KY	San Francisco, California, US

Fees	4.6 — Better	3.4
Safety & regulation	2.4	4.6 — Better
Trading platform	4.6 — Better	4.5
Product range	4.5	4.6 — Better
Mobile app	4.5 — Better	4.4
Research	3.8 — Better	3.6
Customer support	3.2	4.0 — Better
Deposit & withdrawal	3.2	4.0 — Better
Account opening	3.4	4.3 — Better
Education	4.2 — Better	3.8

Reference order EUR 5,000	€5.00	€0.00 — Better
Minimum deposit	None — Better	€1
Stocks (per order)	0.1 %	Free
US stocks	n/a	n/a
ETFs	0.1 %	Free
Options	tiered	tiered
Futures	tiered	tiered
Crypto	tiered	tiered
Bonds (order)	n/a	n/a
Funds (order)	n/a	n/a
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	n/a	n/a
Inactivity fee	None	None
Custody fee	None	None
Withdrawal fee	n/a	€1
Deposit fee	Crypto deposits are free. Fiat pricing varies by rail and by promotion: SEPA Instant euro deposits have run under a standing zero-fee campaign, while standard SEPA bank transfers have carried a EUR 1 flat fee. Card deposits on Visa and Mastercard cost roughly 1.8% to 2%, and Apple Pay, Google Pay and PayPal roughly 2%. All fiat deposits from EEA residents are suspended as of 1 July 2026.	free
Overnight financing	n/a	n/a
Other fees	Direct Equities (US shares and ETFs): 0.10% trading spread on orders from USD 340, or a flat USD 0.35 platform fee per order below that; promotional 0.05% and USD 0.17 until 30 September 2026, 23:59 UTC. No account, inactivity or custody fee and no minimum balance. Outgoing DTC transfer USD 150.00 per security per submission (ACATS not supported); voluntary corporate action USD 200.00 per election; mandatory corporate actions USD 0.00. Executed by Nest Exchange Limited, cleared by Alpaca Securities LLC BNB fee discount: 25% off spot trading fees and up to 10% off futures fees when the fee is settled in BNB — the single largest lever on Binance's headline pricing Crypto withdrawal: A per-asset network fee that Binance sets itself and updates with chain conditions; it is shown before you confirm but is not a fixed published schedule, and on some networks it has run above the underlying chain cost Convert: Zero explicit commission — the cost is inside the quoted rate, so the spread is the fee. Convert is materially more expensive than the spot order book for anything but very small amounts Cross and isolated margin: Hourly interest that varies by asset and by VIP tier, published per coin, plus a liquidation clearance fee Binance Earn and staking: Advertised yields are quoted net; Binance does not publish a headline commission percentage on locked and flexible products the way Kraken and Coinbase do +1	Instant buy (Kraken app): 1% on instant purchases, 1.5% on custom orders, and a flat 3% on conversions below the minimum order size Kraken+: USD 4.99 a month or USD 49.99 a year (4.99 / 49.99 in GBP, EUR, CAD or AUD); monthly billing and the 30-day free trial only through the mobile app, Kraken Web sells annual plans only. Waives the 1% fee on instant and recurring trades and the 1.5% fee on custom orders — Buy, Sell and Convert in the Kraken app and on kraken.com — on up to USD 10,000 a month (10,000 GBP/EUR/CAD/AUD in those regions). Does not cover Spot, Futures, API or OTC trades on Kraken Pro; spreads and payment-processing fees still apply. Also boosts stablecoin rewards Margin: Opening and rollover fees of roughly 0.02%–0.05% depending on asset, with rollover assessed every 4 hours; liquidations carry a 2% fee Staking commission: 20% of rewards on flexible on-chain staking; bonded and asset-specific rates vary Cash deposits: Free — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments and CHF SIC all cost nothing, from a EUR 1 / USD 1 / GBP 1 / CHF 1 minimum. Only CHF via SWIFT carries a fee, at CHF 0.75 Inactivity / custody fee: None — Kraken states it charges no fee for storing funds, account inactivity or account maintenance

Asset classes (of 14)	6	7 — Better
Exchanges	n/a	n/a
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	Yes	Yes
Futures	Yes	Yes
Forex	No	Yes
CFDs	No	No
Crypto	Yes	Yes
Bonds	No	No
Funds	No	No
Commodities	No	No
Indices	No	Yes
Warrants	No	No
Spread betting	No	No
Social trading	Yes	No

Platforms	Binance webBinance desktop appBinance mobile appBinance APITradingView integrationBinance Copy TradingBinance VIP and Institutional	Kraken ProKraken DesktopKraken (mobile app)Kraken APIKraken CLIKrakKraken Institutional / Prime
Demo account	Yes	No
Fractional shares	Yes	No
Maximum leverage	1:125	1:5
Account opening	Fully online and usually complete within minutes to a few hours once identity verification clears; EEA residents cannot open an account at all as of August 2026	Fully online; verification typically completes the same day, faster for EEA applicants with a supported ID
Account types	Regular (VIP 0)VIP 1–9Binance Copy TradingBinance VIP and InstitutionalBinance.US	KrakenKraken ProKraken+VIPKraken Institutional

Payment methods	SEPASEPA InstantBank transferCredit cardDebit cardApple PayGoogle PayPayPalCrypto	SEPASEPA InstantBank transferCrypto
Account currencies	USDEURGBPTRYBRLAEDPLN	USDEURGBPCHFCADAUD
Deposit time	Crypto deposits confirm in minutes; SEPA Instant is near-instant and standard SEPA takes 0–2 business days; card and wallet deposits are instant. Fiat deposits from EEA residents are suspended as of 1 July 2026	SEPA and SEPA Instant 0–3 business days or instant; USD ACH near-instant; GBP Faster Payments 0–1 business days; CHF SIC same day
Withdrawal time	Crypto withdrawals typically process within minutes once security holds clear; fiat withdrawals 0–3 business days depending on the rail	SEPA 0–5 business days, SEPA Instant near-instant; USD ACH 0–2 business days; GBP FPS near-instant; CHF SIC same day
Free withdrawals	n/a	n/a

Languages	EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+11	EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+6
Channels	Live chatEmailTicket system	PhoneEmailLive chatTicket system
Availability	24/7 live chat and ticketing; no published retail telephone line	24/7 live chat, with phone support and a ticket queue

Criterion

3.9

4.1

Overall score

3.9

4.1

Group index

53 of 100

78 of 100

Best for

High-volume active tradersCrypto derivatives and perpetuals tradersAPI and algorithmic tradersCost-sensitive spot traders outside the EEATraders who need altcoin depth

Traders who prioritise regulatory qualityCrypto derivatives and margin tradersAPI and algorithmic tradersHigher-volume spot tradersUS investors wanting crypto and stocks together

Regulation

JFSAFSRAVARAFinCEN

CBICBICBIFCAFCAFCASECCFTCWY DoBCySEC+2

Top-tier licences

Investor protection

None

Listed group

Banking licence

Segregated client accounts

Negative balance protection

Audited financials

Disclosed regulatory actions

Founded

2017

2011

Headquarters

No declared global headquarters; Binance Holdings Ltd. is registered in the Cayman Islands, KY

San Francisco, California, US

Fees

4.6

3.4

Safety & regulation

2.4

4.6

Trading platform

4.6

4.5

Product range

4.5

4.6

Mobile app

4.5

4.4

Research

3.8

3.6

Customer support

3.2

4.0

Deposit & withdrawal

3.2

4.0

Account opening

3.4

4.3

Education

4.2

3.8

Reference order EUR 5,000

€5.00

€0.00

Minimum deposit

None

€1

Stocks (per order)

0.1 %

Free

US stocks

n/a

ETFs

0.1 %

Free

Options

tiered

Futures

tiered

Crypto

tiered

Bonds (order)

n/a

Funds (order)

n/a

EUR/USD spread

n/a

Index CFD spread

n/a

FX conversion

n/a

Inactivity fee

None

Custody fee

None

Withdrawal fee

n/a

€1

Deposit fee

Crypto deposits are free. Fiat pricing varies by rail and by promotion: SEPA Instant euro deposits have run under a standing zero-fee campaign, while standard SEPA bank transfers have carried a EUR 1 flat fee. Card deposits on Visa and Mastercard cost roughly 1.8% to 2%, and Apple Pay, Google Pay and PayPal roughly 2%. All fiat deposits from EEA residents are suspended as of 1 July 2026.

free

Overnight financing

n/a

Other fees

Direct Equities (US shares and ETFs): 0.10% trading spread on orders from USD 340, or a flat USD 0.35 platform fee per order below that; promotional 0.05% and USD 0.17 until 30 September 2026, 23:59 UTC. No account, inactivity or custody fee and no minimum balance. Outgoing DTC transfer USD 150.00 per security per submission (ACATS not supported); voluntary corporate action USD 200.00 per election; mandatory corporate actions USD 0.00. Executed by Nest Exchange Limited, cleared by Alpaca Securities LLC
BNB fee discount: 25% off spot trading fees and up to 10% off futures fees when the fee is settled in BNB — the single largest lever on Binance's headline pricing
Crypto withdrawal: A per-asset network fee that Binance sets itself and updates with chain conditions; it is shown before you confirm but is not a fixed published schedule, and on some networks it has run above the underlying chain cost
Convert: Zero explicit commission — the cost is inside the quoted rate, so the spread is the fee. Convert is materially more expensive than the spot order book for anything but very small amounts
Cross and isolated margin: Hourly interest that varies by asset and by VIP tier, published per coin, plus a liquidation clearance fee
Binance Earn and staking: Advertised yields are quoted net; Binance does not publish a headline commission percentage on locked and flexible products the way Kraken and Coinbase do
+1

Instant buy (Kraken app): 1% on instant purchases, 1.5% on custom orders, and a flat 3% on conversions below the minimum order size
Kraken+: USD 4.99 a month or USD 49.99 a year (4.99 / 49.99 in GBP, EUR, CAD or AUD); monthly billing and the 30-day free trial only through the mobile app, Kraken Web sells annual plans only. Waives the 1% fee on instant and recurring trades and the 1.5% fee on custom orders — Buy, Sell and Convert in the Kraken app and on kraken.com — on up to USD 10,000 a month (10,000 GBP/EUR/CAD/AUD in those regions). Does not cover Spot, Futures, API or OTC trades on Kraken Pro; spreads and payment-processing fees still apply. Also boosts stablecoin rewards
Margin: Opening and rollover fees of roughly 0.02%–0.05% depending on asset, with rollover assessed every 4 hours; liquidations carry a 2% fee
Staking commission: 20% of rewards on flexible on-chain staking; bonded and asset-specific rates vary
Cash deposits: Free — EUR SEPA and SEPA Instant, USD ACH and FedWire, GBP Faster Payments and CHF SIC all cost nothing, from a EUR 1 / USD 1 / GBP 1 / CHF 1 minimum. Only CHF via SWIFT carries a fee, at CHF 0.75
Inactivity / custody fee: None — Kraken states it charges no fee for storing funds, account inactivity or account maintenance

Asset classes (of 14)

Exchanges

n/a

Stocks

ETFs

Options

Futures

Forex

CFDs

Crypto

Bonds

Funds

Commodities

Indices

Warrants

Spread betting

Social trading

Platforms

Binance webBinance desktop appBinance mobile appBinance APITradingView integrationBinance Copy TradingBinance VIP and Institutional

Kraken ProKraken DesktopKraken (mobile app)Kraken APIKraken CLIKrakKraken Institutional / Prime

Demo account

Fractional shares

Maximum leverage

1:125

1:5

Account opening

Fully online and usually complete within minutes to a few hours once identity verification clears; EEA residents cannot open an account at all as of August 2026

Fully online; verification typically completes the same day, faster for EEA applicants with a supported ID

Account types

Regular (VIP 0)VIP 1–9Binance Copy TradingBinance VIP and InstitutionalBinance.US

KrakenKraken ProKraken+VIPKraken Institutional

Payment methods

SEPASEPA InstantBank transferCredit cardDebit cardApple PayGoogle PayPayPalCrypto

SEPASEPA InstantBank transferCrypto

Account currencies

USDEURGBPTRYBRLAEDPLN

USDEURGBPCHFCADAUD

Deposit time

Crypto deposits confirm in minutes; SEPA Instant is near-instant and standard SEPA takes 0–2 business days; card and wallet deposits are instant. Fiat deposits from EEA residents are suspended as of 1 July 2026

SEPA and SEPA Instant 0–3 business days or instant; USD ACH near-instant; GBP Faster Payments 0–1 business days; CHF SIC same day

Withdrawal time

Crypto withdrawals typically process within minutes once security holds clear; fiat withdrawals 0–3 business days depending on the rail

SEPA 0–5 business days, SEPA Instant near-instant; USD ACH 0–2 business days; GBP FPS near-instant; CHF SIC same day

Free withdrawals

n/a

Languages

EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+11

EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+6

Channels

Live chatEmailTicket system

PhoneEmailLive chatTicket system

Availability

24/7 live chat and ticketing; no published retail telephone line

24/7 live chat, with phone support and a ticket queue