#BINANCE US FEES VS KRAKEN VERIFICATION#

Many users complain of slow response times and difficulty navigating the process involved in opening and submitting support tickets. Binance Vs Crypto.Com: Customer Supportīinance and are not particularly popular for their customer support services. Winner: just edges ahead due to its sizeable insurance policy and FCA approval. , on the other hand, has received regulatory licenses in several countries, including many states in America. Binance faces some current regulatory issues with the SEC in America, but the platform has been working hard to settle with American regulators. Regulation and Reputationīinance and are some of the most popular exchanges worldwide, and each has received operating licenses from strong financial regulatory agencies. Both platforms have sizeable insurance policies or funds to protect investors from losing their funds in case of emergencies. Asset Protectionīoth platforms use secure asset protection services for holding customer funds.

Furthermore, Binance also offers strict sign-in protocols and IP/wallet address whitelisting. In terms of security, seems to be ahead of Binance because it offers several options when it comes to multi-factor authentication. They have also announced multi-factor authentication, which involves biometrics, SMS, email, and phone verification.

#BINANCE US FEES VS KRAKEN VERIFICATION#

Security practicesīoth platforms compel their users to employ standard Know-Your-Customer (KYC) verification practices to ensure that fraudulent individuals and activities are kept off their platforms. Both platforms follow industry-standard security practices for protecting users' funds. It also varies depending on the payment method used.Ĭrypto exchanges are supposed to take their security seriously, and so it is expected that Binance and will have top-notch security features. Deposit and Withdrawals Feesīoth Binance and have relatively simple fee structures for deposits and withdrawals. However, fees drop as trade volume exceeds $250,000. In contrast, ’s fees start at a 0.075% rate for Maker and taker fees. In addition, there is no trading fee when trading BTC/TUSD, and you get a 25% reduction in trading fees when you pay them in BNB. The maker/taker fees are significantly lower and cheaper than most competitors.įor Binance, spot trading fees are 0.1% or less. They charge higher fees for instant card purchases, but each platform also uses a maker/taker structure for spot trading on their exchanges. Trading Feesīoth Binance and charge different trade fees.

Below, we will discuss these factors and how they vary for both platforms. These fees are also affected by transaction size, method of payment, and even the type of transactions made. The fees charged by Binance and vary depending on their services.

Binance us fees vs kraken