BinanceKraken
Comparing Binance and Kraken — fees, supported coins, and security track record.
⚠ Note:In November 2023, Binance and its founder pleaded guilty to U.S. federal charges related to anti-money-laundering and sanctions violations, and agreed to a $4.3 billion settlement — one of the largest corporate penalties in U.S. history. The company has continued operating since under a court-appointed monitor.
- Maker/Taker fee
- 0.1% / 0.1%
- Coins
- 500+
- Countries
- 180+
- Founded
- 2017
- Daily volume
- ~$6.1B (spot)
- Security incidents
- Yes
Score breakdown
Fees4.0/5
Average maker/taker fee: 0.100% (lower fees score higher, scaled against 0.5%).
Security track record0.0/5
Has a publicly documented history of a major hack or breach of user funds.
Coins supported5.0/5
500+ supported coins (scaled against 500).
Trading liquidity0.6/5
Approx. ~$6.1B (spot) in daily trading volume (scaled against $50B).
Pros
- Low exchange fees
- Low trading fees
- P2P trading available with low fees
- High level of security infrastructure (SAFU insurance fund)
- Multiple wallet types available
- Card available
Cons
- Interface can be complicated for beginners
- No margin trading support in some regions
- Withdrawal process can be complex for beginners
- Suffered a major hack in 2019 (funds fully reimbursed) and a large 2023 U.S. regulatory settlement
- Maker/Taker fee
- 0% / 0.1%
- Coins
- 80+
- Countries
- 190+
- Founded
- 2011
- Daily volume
- ~$850M
- Security incidents
- None known
Score breakdown
Fees4.5/5
Average maker/taker fee: 0.050% (lower fees score higher, scaled against 0.5%).
Security track record5.0/5
No publicly documented history of a major hack or breach.
Coins supported0.8/5
80+ supported coins (scaled against 500).
Trading liquidity0.1/5
Approx. ~$850M in daily trading volume (scaled against $50B).
Pros
- Maker/taker fees starting at 0.00%/0.10% on a Kraken Pro account
- Staking available for many coins with varying commission tiers
- Extensive library of guides and tutorials for beginners
- OTC desk for large orders
Cons
- The two account types (Regular vs Kraken Pro) can be confusing for new users
Summary
- Kraken has lower average maker/taker fees (0%/0.1%) than Binance (0.1%/0.1%).
- Binance supports more coins (500+) than Kraken (80+).
- Kraken has been operating longer — founded in 2011.
- Kraken has no documented major hack, while Binance does — see each review for details.