Binance, Exchanges

Is Kraken Cheaper Than Binance?

Kraken is cheaper than Binance when it comes to trading fees. For market makers, Kraken has a 0.16% fee while Binance has a 0.1% fee. For takers, Kraken has a 0.26% fee while Binance has a 0.2% fee. When it comes to margin trading fees, Kraken is also cheaper than Binance.

For market makers, Kraken has a 0.02% fee while Binance has a 0.075% fee.05% fee while Binance has a 0. Overall, Kraken is the cheaper option when it comes to trading fees.

However, it’s important to note that Binance offers discounts to users who hold their native token, BNB. If you hold BNB in your account, you can get a 25% discount on trading fees. This means that for takers, the trading fee would be 0.

15%. In this case, Binance would be cheaper than Kraken.

It’s also worth mentioning that Binance offers a wider range of altcoins than Kraken does. So if you’re looking to trade altcoins that aren’t available on Kraken, then you’ll need to use Binance.

Conclusion:

Overall, Kraken is the cheaper option when it comes to trading fees. However, if you’re looking to trade altcoins that aren’t available on Kraken, then you’ll need to use Binance.

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