Cryptocurrency Q&A
Is Binance cheaper than Kraken?
Is Binance cheaper than Kraken?
Chloe_thompson_artist
Sun Jan 05 2025
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7
answers
1455
I'm considering two cryptocurrency exchanges, Binance and Kraken. I'm trying to decide which one to use and cost is a major factor in my decision. Specifically, I want to know if Binance is cheaper than Kraken.
7 answers
Giulia
Tue Jan 07 2025
It's important to note that if your intention is to simply buy or sell cryptocurrency on Binance, you'll be charged a higher fee of 0.50%.
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Claudio
Tue Jan 07 2025
This fee is different from trading coins with another user on the platform.
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CryptoAlly
Tue Jan 07 2025
Binance offers spot trading fees that vary between 0% and 0.10%.
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ShintoSanctuary
Tue Jan 07 2025
Binance provides an incentive for users who choose to pay with Binance Coin.
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Leonardo
Tue Jan 07 2025
Specifically, these users receive a 25% discount on their trading fees.
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