Fee comparison

Kraken vs Binance fees

Binance is cheaper in 3 of 3 scenarios. We priced three everyday transactions in United Kingdom (GBP) on both exchanges, including the spread, deposit, conversion and withdrawal costs that the trading fee leaves out.

Demo data

Scenario 1

Buy £1,000 of BTC by bank transfer, withdraw on Bitcoin

Kraken£8.74 0.87%

Binance£3.07 0.31%

Scenario 2

Buy £500 of ETH by card, withdraw on Arbitrum

Kraken£20.18 4.04%

Binance£9.86 1.97%

Scenario 3

Buy £250 of USDT by bank transfer, withdraw on Tron

Kraken£1.85 0.74%

Binance£0.76 0.30%

Fee schedule side by side

Fee	Kraken	Binance
Taker fee	0.40%	0.10%
Maker fee	0.25%	0.10%
Estimated spread (BTC)	0.08%	0.05%
Bank deposit	0.00%	0.00%
Card deposit	3.50%	1.80%
BTC withdrawal	0.00005 BTC	0.00002 BTC
Currencies accepted	USD, EUR, GBP	EUR, GBP

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