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- Cryptos: 21,341
- Exchanges: 1,863
- Market Cap: $1.66T 4.53%
- 24h Vol: $68,539,352,707 2.59%
- Dominance: BTC: 50.4% ETH: 16.1%
- Gas: 54 GWEI
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Want to instantly compare Binance vs Kraken & see which cryptocurrency exchange takes the top spot? Take advantage of this comprehensive Cryptocurrency Exchange Comparison Tool and see which brand wins!
See Full Comparison
Binance vs Kraken - Comparison at a Glance
To represent the data of Binance vs Kraken comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Binance vs Kraken main metric comparison at a glance, take a look at the general overview table below.
Binance vs Kraken cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while Kraken gathered an overall score of 9.6. If we look at the ease of use, it’s clear that in this Binance vs Kraken comparison, Binance has better & smoother user experience than Kraken.
Compare Other Crypto Exchanges
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BINANCE |
KRAKEN | |
|---|---|---|
Overall Score | 9.8 | 9.6 |
Best For | Buying, trading, and holding a wide variety of cryptocurrencies | Best for Beginners |
Operating Countries | Turkey, Russia, Argentina, Vietnam, Ukraine, + 40 more | United States, Germany, United Kingdom, France, Canada, + 190 more |
Verdict | One of the leading crypto exchange platforms in the industry. | One of the best crypto exchanges. |
| Visit site Read review | Visit site Read review |
Binance vs Kraken In-depth Feature Breakdown Comparison
Analyze all the most important metrics of your chosen cryptocurrency exchange brands & compare the fact-checked data side by side with his extensive Binance vs Kraken comparison chart. Simply browse the information below & get answers to all of your crypto exchange questions!
Compare Other Crypto Exchanges
|
BINANCE |
KRAKEN | |
|---|---|---|
Pros |
|
|
Cons |
|
|
Value For Money | | |
Customer Support | | | | | | Very Poor Average Excellent | | | | | | Very Poor Average Excellent |
Ease of Use | | |
Latest Coupons | All Binance Coupons | All Kraken Coupons |
| Stats | ||
Active Users | 128M | 8M |
Acceptable Crypto Currencies | 1. BTC 2. ETH 3. LTC 4. XRP + 350 more | 1. BTC 2. ETH 3. LTC 4. XRP + 110 more |
Fiat Currency Trading | USD/EUR + more | USD/EUR + more |
| Features | ||
Analytical Tools | ||
Mobile App | ||
Security | | | | | | Very Poor Average Excellent | | | | | | Very Poor Average Excellent |
Social Trading | ||
Copy Trading | ||
Additional Features | A Comprehensive User Center that Displays All The Information You Need in One Place | Crypto Guides, Videos, Podcasts |
Anonymity | ||
| Pricing | ||
Maximum Trading Amount (Daily) | - | - |
Withdrawal Fees | 3.50% (min. $10.00) | Up to 60$ |
Trading Fees | 0.10% | Up to 0.26% |
| Payment Methods | ||
MasterCard | ||
Wire Transfer | ||
Card | ||
| Company’s info | ||
Full Company Name | Binance | Kraken |
Headquarters | Malta | US |
Year of Origin | 2017 | 2011 |
| Check Official Website | Visit site Read review | Visit site Read review |
Binance vs Kraken Comparison Result Analysis
Value for money is one of the most important metrics that one should take into account while comparing cryptocurrency exchanges, as it shows whether the brand offers acceptable quality compared to the price. In this case, Binance has a higher value for money score than Kraken.
It’s also very useful to look at the number of active users. Clearly, if comparing Binance vs Kraken, the bigger active user base is gathered by Binance with around 128M users. Whereas Kraken has around 8M active users. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than Kraken.
It’s also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs Kraken comparison, it’s clear that Kraken has the lowest trading fee percentage of Up to 0.26%, while the second place goes to Binance with a fee of 0.10%.
How Is This Binance vs Kraken Comparison Created?
1. We Collect
The data represented in this Binance vs Kraken crypto exchange comparison is fact-based & collected from trusted, verified sources only. In this way we make sure that the reader’s decision is measured & based on real facts.
2. We Examine
To filter out the gathered data, our researchers examine & analyze it by using data science methods. Whether it’s user feedback, service features or pricing, everything passes through our strict review process in order to filter out false info & advertising claims.
3. We Score
In order for this Binance vs Kraken cryptocurrency exchange comparison to help you easily decide which brand is the best, each feature is represented with a score, a grading system or in any other commonly understandable format.
4. You Choose
When the gathered data is aggregated, analyzed & put into a comprehensive chart, it’s your time to browse it and choose the best cryptocurrency exchange according to your preferences. But always make sure to know your crypto goals first!
FAQ
Which features are the most important in this Binance vs Kraken cryptocurrency exchange comparison?
The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you’re looking for specific features, these evaluation points might be less important to you than others.
How can I choose the best crypto exchange for me?
First, you need to evaluate your knowledge level and goals in the crypto world. If you’re a beginner, you might have different objectives than you would as an advanced user. Of course, even if you have your goals figured out, it might be hard going through dozens of exchanges & trying to find the best one. This cryptocurrency exchange comparison tool makes this process a whole lot easier - just choose the brands you want to compare & you’ll get all the info you need at your fingertips!
How is this cryptocurrency exchange comparison tool used?
To start your comparison, you need to pick out the exchanges you want to put head-to-head. Select it in the drop-down menu above and click “Compare Now”. You will see an in-depth side by side comparison of your chosen crypto exchanges. For a brief overview, look at the first general table. For more thorough analysis, browse the second, more extensive table which reveals all the main features, ranging from cryptocurrency exchange fees comparison to security comparison. Once you have all this info at your fingertips, it’s very easy to pick out the best crypto exchange!
Which cryptocurrency exchange is best for beginners?
Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
What is the difference between a crypto exchange and a brokerage?
In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.
Are all the top cryptocurrency exchanges based in the United States?
No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.
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As an enthusiast deeply immersed in the world of cryptocurrencies, I can confidently dissect and elaborate on the information presented in the provided article. My expertise is founded on a comprehensive understanding of various aspects of the crypto space, gained through continuous learning, hands-on experience, and staying updated with the latest developments.
The article revolves around the promotion of a "Web3 Exam" offering a free NFT certificate, accompanied by a snapshot of the crypto landscape. Here's an analysis of the concepts and terms used in the article:
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NFT Certificate and Web3 Exam:
- NFTs (Non-Fungible Tokens): These are unique digital assets, often used to represent ownership or proof of authenticity for digital or physical items.
- Web3: It refers to the third era of the internet, emphasizing decentralized protocols and applications that empower users and reduce reliance on central authorities.
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Cryptos: 21,341:
- This represents the number of different cryptocurrencies available in the market. Each cryptocurrency operates on its own underlying technology and serves various purposes.
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Exchanges: 1,863:
- The total number of cryptocurrency exchanges where users can buy, sell, and trade digital assets.
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Market Cap: $1.66T:
- Market capitalization is the total value of all cryptocurrencies combined. It's calculated by multiplying the current price of each cryptocurrency by its total circulating supply.
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24h Vol: $68,539,352,707 (2.59%):
- 24-hour trading volume represents the total value of all trades on cryptocurrency exchanges in the last 24 hours. The percentage indicates the change in volume compared to the previous 24 hours.
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Dominance: BTC: 50.4%, ETH: 16.1%:
- Bitcoin (BTC) and Ethereum (ETH) dominance percentages signify their share of the total cryptocurrency market capitalization.
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Gas: 54 GWEI:
- Gas refers to the fee required to perform operations or execute smart contracts on the Ethereum blockchain. GWEI is a unit of measurement for gas prices.
-
Crypto Education Sections:
- Crypto 101 Handbook, Free Crypto Tutorials, Crypto Videos, Trending Crypto Wiki, LearnDrops Earn!, Best Learning Platforms, Coupons & Deals, Other Skills, Crypto Courses, Other Courses: These sections cover various educational resources for individuals seeking to learn about cryptocurrencies.
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Categories (Cryptocurrencies, Exchanges, Wallets, dApps, NFT, News):
- These categories provide a structured way to access information related to different aspects of the cryptocurrency space.
-
Comparisons (Binance vs Kraken):
- The article compares two prominent cryptocurrency exchanges, Binance and Kraken, based on various metrics such as overall score, best for, operating countries, pros and cons, value for money, customer support, ease of use, and more.
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Features of Cryptocurrency Exchanges:
- Analytical Tools, Mobile App, Security, Social Trading, Copy Trading, Additional Features: These features determine the functionality and user experience of cryptocurrency exchanges.
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Pricing and Payment Methods:
- Maximum Trading Amount, Withdrawal Fees, Trading Fees, Payment Methods: These factors influence the cost and convenience of trading on a particular exchange.
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Company Information:
- Full Company Name, Headquarters, Year of Origin: Details about the cryptocurrency exchange's background and establishment.
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Comparison Result Analysis:
- The article concludes with an analysis of the comparison results, emphasizing factors like value for money, active users, accepted cryptocurrencies, and trading fees.
In summary, this article provides a comprehensive overview of the current state of the cryptocurrency market, educational resources, and a detailed comparison between two major exchanges. It caters to both beginners and experienced users, offering valuable insights for informed decision-making in the crypto space.
