![]() compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Neither exchange is a bad option for US citizens, with Binance.US perhaps being preferred if you are solely interested in spot trading and are not interested in any of the other features available on Kraken.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Kraken is accessible to more users, has more features and has better security than Binance.US. Though this was a close competition between two great exchanges, Kraken comes out on top by taking four out of seven categories when compared to Binance.US. Kraken wins this round because it’s never been hacked and takes a proactive security approach. Both platforms store a majority of user assets in cold storage. Kraken also does its own penetration testing. It takes a proactive security approach and offers bug bounties for those that can find issues in its security. It was able to quickly pay back affected users and neither platform has had a breach since then. Winner: Binance.USīinance.US has never been hacked before, but its parent company, Binance, has. Its user interface is also less cluttered than Kraken’s.īinance.US wins this round for its simple interface and options. Though not difficult to use, there are far more features and things to learn if using Kraken.Ĭomparatively, Binance.US essentially only offers users trading and staking, creating a simpler user experience. While both these platforms aim to cater to new users by providing lots of guides and information, Kraken is still a more complex platform. It can be connected to both the Binance Smart Chain and Ethereum networks, store NFTs and interact with dApps.īinance.US wins this round for its useful, proprietary Binance Wallet. And Kraken has no plans to offer users a noncustodial wallet.īinance.US on the other hand has its proprietary noncustodial Binance Wallet. Kraken has no proprietary wallet, only its exchange wallet that is custodial. Network fees apply for crypto depositsīank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFTīank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer Kraken wins vital statistics because it’s accessible to a wider number of users and has more features. Kraken offers NFTs directly on the platform in addition to offering account management. Both offer mobile apps but only Binance.US has a proprietary noncustodial wallet and its own token. Binance.US on vital statisticsīoth Kraken and Binance.US are based in the US and both platforms offer staking options for their users.īut when it comes to trading options, Binance.US only has spot trading while Kraken has spot and derivatives trading available. Binance.US is only available to US residents, (though Binance is available to non-US residents) but it is simple to use and has its own proprietary wallet along with straightforward fees.įind out who wins the competition between Binance.US and Kraken. Kraken is an international exchange, meaning it can cater to citizens both in and outside the US. Each offers users similar digital asset selections and solid security. Kraken and Binance.US are two of the top cryptocurrency exchanges on the market. Finder or the author may own cryptocurrency discussed on this page. Talk with a financial professional before making a decision. Potential regulations or policies can affect their availability and services provided. Digital assets are volatile and risky, and past performance is no guarantee of future results. Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services.
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