If you're interested in either of these platforms and want to get some more details, don't forget to check out our KuCoin and Binance individual review pages. Binance is another cryptocurrency exchange with low costs and an excellent user interface.īoth exchanges are safe and secure to use, and the decision on where to buy your crypto will probably come down to which exchange offers the coin you want, the lowest fees, or any other unique feature they may have. The only downside is they are not licensed in the United States, so users in the US should consider other options. KuCoin is an excellent exchange to use as it has low fees and has access to over 500 different cryptocurrencies.
However, there are only a few that stand out from the crowd. There are tons of cryptocurrency exchanges that you can use to buy and sell cryptocurrency. You can always check their most recent data listed on their withdrawal page. US user, you can use BNB to pay for trading fees for an even bigger discount. Withdrawals rates are not fixed but are determined by the market and can fluctuate without notice. If comparing only Binance vs Kraken, Coinbase may seem like the winner. have access to more than 65 assets on the Kraken exchange. Binance: Supported Coin & Fiat Currency Worldwide, Kraken supports over 120 cryptocurrencies and stablecoins. On Kraken, a new trader with a low trading volume would pay a maker fee of 0.16 and a taker fee of 0.26. Don't miss: Our Tax Guide to Cryptocurrency Investments Kraken vs. When compared to Binance, Kraken’s maker-taker fees range from 0 to 0.26, whereas Binance’s range from 0 to 0.10. Binance will not charge you for deposit fees, but they charge a flat fee to cover the transaction costs of moving cryptocurrency out of an account for each withdrawal. On the surface, Kraken’s costs appear greater than Binance’s. Binance charges a 0.1% trading fee on all trades, but they have implemented their "Binance Coin," which you can use to reduce your fees by 25%.īinance users are also subject to various withdrawal and payment fees. While users in the US will pay slightly more to use Binance, their fees are still competitively low.
#Binance us fees vs kraken free
Deposits are free when using this exchange, but it's also crucial to know that they offer limited options for fiat deposits at this time.īinance also has some of the lowest trading fees in the industry. In addition to trading fees, KuCoin also charges withdrawal fees that vary based on the market. They also have discounts for holding their native token, Kucoin shares. The general manager of Binance Japan described stablecoins as the 'glue' between the real economy and the blockchain in an interview with CoinDesk Japan. Kucoin has significantly lower fees than most exchanges, with trading fees ranging from 0.0125%-0.1%.
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