Binance.US vs Kraken

Binance.US4.1/5

VS

Kraken3.7/5

Feature	Binance.USVisit	KrakenVisit
Ratings
Our score	4.1/5	3.7/5
User rating	No reviews yet	No reviews yet
Fees	5.0	3.0
Security & trust	4.0	4.0
Asset selection	4.0	4.5
Ease of use	4.0	4.0
Support	3.5	3.0
Specs
Markets	Spot, OTC	Spot, Futures, Margin, OTC
Maker fee	0%	Not disclosed
Taker fee	0.02%	Not disclosed
Coins listed	200	600
Fiat deposit methods	Bank transfer, Card, Apple Pay, Google Pay, ACH	Not disclosed
KYC required	Yes	Not disclosed
Accepts US customers	Yes	Yes
Proof of reserves	Yes	Not disclosed
Staking / earn	Yes	Yes
Mobile app	Yes	Yes
Licenses & registrations	FinCEN MSB, 32 US State Money Transmitter Licenses	Wyoming SPDI bank charter, SEC broker-dealer registration, SEC investment adviser registration, FinCEN MSB registration, Money Transmitter licenses in 46 US jurisdictions, Canadian Restricted Dealer registration, FINTRAC MSB registration, Bermuda Class F Digital Asset Business license, CySEC Investment Firm license, Central Bank of Ireland EMI license, Central Bank of Ireland MiCA CASP authorizations, FCA cryptoasset registration, AUSTRAC registration, ASIC registration, Japan FSA registration, VASP registrations in Spain, Ireland and Italy
Security features	U.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certified	API key permissions excluding withdrawals, HMAC-SHA512 authentication, Self-custody wallet
Futures & perpetuals	No	Yes
Max leverage (x)	Not disclosed	10
Copy trading	No	Not disclosed
P2P market	No	Not disclosed
Earn / savings products	Yes	Yes
User protection fund	No	Not disclosed
Referral program	Yes	Yes
Company
Founded	2019	2011
Headquarters	United States	United States
Investors	RRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1	SBI Holdings, 2,263 individual investors, Bitcoin Opportunity Fund, Hummingbird Ventures +3
Strengths and weaknesses
Pros	0% maker fees across all 250+ spot trading pairs Zero-fee fiat deposits and withdrawals through bank ACH transfers SOC 2 Type II and ISO 27001 third-party security audits Staking support across 25+ proof-of-stake cryptocurrencies	600+ crypto pairs and 11,000+ stocks and ETFs Derivatives available with up to 10x leverage Regulated entities across the US, UK, EU and other markets REST, WebSocket and FIX 4.4 API access
Cons	Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas ACH fiat deposits carry a mandatory 7-day withdrawal hold Centralized custody model requires full trust in the exchange for fund safety Mandatory KYC identity verification required before trading or depositing	Centralized custody exposes balances to withdrawal and counterparty risk Derivatives and margin access vary by jurisdiction and eligibility Kraken is not licensed or regulated in Singapore US equities are limited to eligible US customers and states
Best for	U.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewards	Active crypto traders, Institutional trading desks, API-based trading systems

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