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

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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)

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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.

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