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Exchange comparison

Binance vs Kraken

Binance vs Kraken: spot and instant-buy fees, Proof of Reserves, availability, and each exchange’s regulatory history in the US and Australia.

Sources checked 26 October 2026 · Free to read · No account needed

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What matters
Binance
Kraken

Trading & order types

Spot: 0.1% maker and taker for regular users, 0.075% paying with BNB. VIP tiers lower fees further.
Instant buy/sell/convert: 1%. Kraken Pro: maker/taker fees tiered by 30-day volume. Cards add 3.75% + 25c.

Funding

Depends on your country. Deposit methods and fees vary by country; check what Binance offers where you live.
PayID & Osko. Check current eligibility, limits and funding instructions.

Everyday features

Very deep order books and a wide coin selection. Proof of Reserves with zk-SNARK verification; SAFU fund.
Simple app plus Kraken Pro. Proof of Reserves checks; AFCA membership.

Crypto withdrawals

Crypto withdrawal fees vary by asset and network. Fiat options depend on your country.
PayID/Osko AUD withdrawals are free. Crypto withdrawals carry an asset-specific fee.

Important context

Binance.com isn't available to US residents, and its Australian derivatives arm was ordered to pay A$10 million in 2026.
In 2024 the Federal Court ordered Kraken's Australian operator to pay A$8 million over a margin product.

Make percentages tangible

Compare the fee component.

One trade, in Australian dollars.

Illustration at published standard rates for a single notional trade. This excludes spreads, quoted-price differences, funding costs, withdrawals and volume discounts. It is not a live quote or a cheapest-platform ranking.

Entry-tier and standard rates shown. Check your own confirmation screen before acting.

Binance spot, regular user · 0.1%
A$1.00
Kraken Instant · 1%
A$10.00

Questions that make the choice clearer.

  1. Would you use Kraken Pro, or the instant 1% route?
  2. Is Binance.com available where you live?
  3. How do the two exchanges' penalties and reserve reports affect your choice?

We have not timed support responses, funded these accounts or audited custody. A lower fee does not establish that a platform is safer or better for your circumstances.

Go deeper before signing up.

Sources & fact check

Checked . Provider material describes the provider’s own service. Check current terms before acting.

  1. Binance: Fee structure on Binance
  2. Binance: How to use BNB to pay for fees and get 25% off
  3. Binance spot trading fee schedule
  4. Binance terms of use
  5. US Department of Justice: Binance and CEO plead guilty to federal charges in $4B resolution
  6. CFTC: Binance and its CEO agree to pay $2.85 billion
  7. ASIC 24-283MR: ASIC sues Binance Australia Derivatives
  8. ASIC 26-055MR: Binance Australia Derivatives ordered to pay $10 million penalty
  9. Binance: How zk-SNARKs improve Binance’s Proof of Reserves
  10. Kraken Australia fee schedule
  11. Kraken support: Australia FAQ
  12. Kraken support: Cash deposit options, fees and minimums
  13. Kraken: Kraken vs Kraken Pro
  14. Kraken Australia legal disclosures
  15. Kraken Proof of Reserves
  16. ASIC 24-186MR: ASIC wins case against Kraken crypto exchange operator
  17. ASIC 24-274MR: Kraken crypto exchange operator to pay $8 million
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