Kraken vs Binance
Compare where to buy or sell Bitcoin & crypto.
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Kraken Fees
- Fiat Deposits: 1.5%
- Spread: 0 to 0.26% per trade
- Crypto withdrawal: 0.00001 BTC
Funding & Withdrawal Options
- Interac E-Transfer
- Wire Transfer (Etana Custody)
- In-person at Canada Post
Cryptocurrencies: 65+
Kraken Pros
- One of the oldest exchanges in crypto
- Full trade platform
- Crypto to crypto trading pairs
- 24/7 live chat support
- Low spread fee
Kraken Cons
- Complicated fee structure
- Not as beginner-friendly
- 1.5% deposit fee on fiat
- High crypto withdrawal fee
Binance Fees
- Deposits and withdrawals: $0
- Spread: 0.1%
- Crypto withdrawal: 0.0002 BTC (~$6)
Funding & Withdrawal Options
- Crypto Only
Cryptocurrencies: 350+
Binance Pros
- Largest selection of altcoins
- Lowest fees
- Advanced features for traders
- Staking, P2P Trading, Loans
Binance Cons
- Ontario users not allowed
- Complicated because they offer so many services
- Can only fund with crypto in Canada
Binance Referral
Deposit more than $50 and Receive 100 USDT cashback voucher.