Binance.US$10Kraken vs Binance.US: fees, withdrawals, safety and which to use
A $1,000 bank-transfer buy costs $0 on Binance.US, against $8 on Kraken.
Fees compared: Kraken vs Binance.US
In dollars, Kraken and Binance.US fees for $1,000, listed on the pages each exchange provides.
| $1,000 and the basics | Kraken | Binance.US |
|---|---|---|
| Buy by bank transfer (ACH) | $8 | $0 |
| Buy by debit card | $37.75 | $39.90 |
| Buy by wire | $8 | $0.20 |
| Sell and send to your bank (ACH) | $8 | $0.20 |
| Cash out to your bank (ACH) | $0 | $0 |
| Cash out by wire | $4 | $25 |
| Cash out instantly to a debit card | $15 | – |
| Send Bitcoin to a wallet | $1.21 | – |
| States it does not serve | New York, Maine | Alaska, Connecticut, Georgia, Maine, New York, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, Washington, plus U.S. Virgin Islands, American Samoa, Guam, Northern Mariana Islands. |
| Serves New York | No | No |
| Bank withdrawal | Free, 0-2 business days | Free, 1-5 business days depending on the bank |
| NYDFS licence | No | No |
| FinCEN registration | Registered | Registered |
| App Store rating (ratings) | 4.7 (36,140) | 4.2 (111,067) |
| Google Play rating (ratings) | 4.3 (56,075) | – |
| Coins listed | 721 | 204 |
A dash in that row means the exchange publishes no number; "Not offered" means the method isn't supported.
In your state: Kraken vs Binance.US
Kraken serves customers in Alaska, Connecticut, Georgia, North Carolina, North Dakota, Ohio, Oregon, Texas, Vermont, Washington, plus American Samoa, Guam, Northern Mariana Islands and the U.S. Virgin Islands. Binance.US serves none of these places.
Withdrawals: Kraken vs Binance.US
A bank withdrawal from Kraken costs nothing and clears in 0-2 working days (cutoff 2pm EST).
A bank withdrawal from Binance.US costs nothing and clears in 1-5 working days, depending on the bank.
Safety: Kraken vs Binance.US
Kraken doesn't hold a NYDFS licence for New York.
Binance.US has no NYDFS licence for New York.
Apps and coins: Kraken vs Binance.US
On the App Store, the Kraken app has a 4.7 out of 5 rating from 36,140 ratings, and on Google Play it earns 4.3 from 56,075 ratings.
On the App Store, the Binance.US app holds a 4.2 out of 5 rating from 111,067 ratings.
Which one to pick: Kraken or Binance.US
- Pick Kraken if you'll use Kraken Pro and the order book that comes with it.
- Pick Binance.US if you'll use Advanced (Spot) Trading and the order book that comes with it.
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.