Quick Comparison: Binance vs Kraken
| Feature | Binance | Kraken |
|---|---|---|
| Founded | 2017 | 2011 |
| Users | 200M+ | 10M+ |
| Coins | 350+ | 200+ |
| Fees | 0.1% | 0.16-0.26% |
| Headquarters | Global | USA |
What is Binance?
Binance is the world's largest crypto exchange. More volume, more coins, more features than anyone. If you want to trade something obscure or need deep liquidity, Binance has it.
The downside is regulatory uncertainty. Binance.US is limited, and the main platform faces ongoing legal challenges. Use with caution and never leave large amounts on exchange.
What is Kraken?
Kraken is one of the oldest and most trusted exchanges. Founded in 2011, it's never been hacked and maintains a strong reputation for security. It's particularly popular in the US as a compliant alternative.
Kraken offers fewer coins and slightly higher fees than Binance, but the peace of mind matters. Their proof-of-reserves is industry-leading and customer support is actually helpful.
Key Differences
- Size: Binance has 200M users, Kraken has 10M
- Fees: Binance is 0.1%, Kraken is 0.16-0.26%
- Coins: Binance has 350+, Kraken has 200+
- Security: Both are strong, Kraken has never been hacked
- Regulation: Kraken is fully US-compliant, Binance faces challenges
- Age: Kraken is from 2011, Binance from 2017
Which Should You Choose?
Choose Binance if: You're outside the US, want maximum coin selection, or trade large volumes where fees matter. Just practice good security.
Choose Kraken if: You're in the US, value regulatory compliance, or prefer a proven track record over raw feature count.
Track Both with Strykr
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