VS 
Binance vs Kraken (2026)
Compared on verified data — same methodology, same fact database, every pair.
Ad disclosure: both 'Visit' buttons are affiliate links*. It never affects scores or rankings. How we make money
Choose Kraken if…
- → you want a wider coin range (420+ vs 350+)
- → you just want our higher-scored pick (8.4 vs 7.6)
Side by side
| Our score | 7.6/10 | 8.4/10 better |
|---|---|---|
| Maker / taker fee | 0.1% / 0.1% better | 0.25% / 0.4% |
| Instant-buy fee | 0.5% | — |
| Coins listed | 350+ | 420+ better |
| AUD withdrawal fee | Free | Free |
| AUD deposit methods | PayID · Bank transfer | PayID · Osko · Card |
| Demo mode | ✕ No | ✕ No |
| SMSF support | ✕ No | ✕ No |
| Australian-based | No | No |
| Full AFSL | Transitional | Transitional |
| Incidents on record | ⚠ 1 | ⚠ 1 |
| Best for | lowest trading fees | active traders |
Binance leads 1 row, Kraken leads 2 — what matters is which rows matter to you. Try any other matchup in the comparison tool · sources: Binance review, Kraken review
What a A$1,000 buy costs on each
Headline fees only — we don't yet hold a verified spread estimate for either platform. The spread is real money on an instant buy, so both cost more than the figures below; the fee is the part we can compare like for like.
Binance - Instant buy
- A$5.00
- Market order
- A$1.00
Kraken - Instant buy
- not verified
- Market order
- A$2.50
Using market orders it's A$1.50. Fees are per trade, so multiply by how often you buy.
What you can actually buy on each
Counted against the 152 coins we track, and re-checked against each platform's own public asset list every day — not the headline number on their marketing pages.
| Coins we track that it lists | 116 | 129 |
|---|---|---|
| Priced directly in AUD | 0 | 12 |
| On this one only | 13 | 26 |
103 of the coins we track are on both. Only on Binance: Gram (prev. Toncoin), TrueUSD, First Digital USD, Kite, Terra Luna Classic and 8 more. Only on Kraken: Monero, Dai, Canton, PayPal USD, Cronos and 21 more. Note that Binance quotes none of them against AUD — you would convert to a stablecoin first, which costs more than the fee table above suggests.
What is on each one's record
Hacks, penalties, licence changes and ownership changes we hold a source for. An empty record means we have not recorded an event, not that nothing has ever happened.
Binance Kraken - ⚖️ penalty 12 Dec 2024 ASIC: Kraken operator Bit Trade to pay A$8M over margin product · source
FAQ
Which is better, Binance or Kraken?
It depends what you optimise for: Binance wins when you'll use market orders — 0.1% beats 0.25%; Kraken wins when you want a wider coin range (420+ vs 350+). Both are AUSTRAC-registered.
Can I use both Binance and Kraken?
Yes — many Australians keep accounts on two exchanges: one for cheap market orders, one for range or features. There is no cost to holding both accounts.
Are these comparisons affected by commissions?
No. Both Visit buttons are affiliate links, but every number on this page renders from our verified fact database and the comparison logic is identical for every pair we publish.
General information only, not financial advice. Verify current fees before trading. Facts on this page last verified 2026-07-22.