![]() Cons Complex interfaceīinance is packed with features, sections, and options that can be overwhelming to inexperienced and even intermediate traders. Liquidityīinance is the leading exchange when it comes to volume, so buying and selling crypto assets will not be an issue as there is more than enough liquidity. Options like peer-to-peer, spot and margin trading are a good addition to the exchange. ![]() Trading optionsīinance has a wide range of taxing options that facilitate easy movement and trading of assets. Thanks to the crypto-to-crypto and fiat-to-crypto options, the available assets can also be easily traded. The exchange’s large selection of assets is a very convenient way to put all your trading options in one place. Trading fees are reduced by 25% if you use BNB to pay. Bank account fees are free outside the US, purchase fees range from 0.02% to 0.10%, and Binance charges 3.5% for withdrawals to accounts. ![]() Feesīinance maker-taker fees range from 0% to 0.10%. US users are limited to about 50 altcoins and the USD. Cryptocurrencies supportedįinance has over 150 listed cryptocurrencies with over 600 trading pairs for International users and accepts 19 fiat currencies. It recently signed an NFT partnership deal with the football star Christiano Ronaldo as a way to boost adoption.ĭue to regulations, Binance has a subsidiary in operation in the US called Binance.US, which offers similar services but has a smaller range of tradable assets and has lower trading volumes. The exchange has a native token, Binance Coin (BNB), that is used to facilitate transactions within the platform, and an NFT marketplace for the trade of digital artworks and collections. The platform allows users to directly buy Bitcoin with the Visa or MasterCard debit or credit card, and buy stable coins through bank transfer and wiring. The platform offers useful features like margin trading, staking, trading orders, Peer-to-peer trading, and an instant purchase and a convert function that enables crypto-to-crypto swap without charts. The exchange has the largest selection of supported assets among major exchanges and has very high liquidity with wallets usually topping the whale lists. The exchange was founded in 2017 by Changpeng Zhao, popularly known as CZ, and was a China-based exchange before it moved its headquarters to crypto-friendly Malta due to regulations. Let's examine both exchanges to see which one takes the crown.īinance is a very popular exchange that is the largest cryptocurrency exchange in the world by daily trading volume. While Binance has witnessed massive growths that have made it into one of the top exchanges, Kraken has grown and remained relevant since it launched 11 years ago. Binance and Kraken are leading crypto exchanges that have millions of users from different parts of the world that trade on their platforms every day.
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