Updated October 17, 2026 · HodlCue Editorial Team
Binance P2P vs kraken
Binance P2P
Higher score in this comparison
kraken
What sets them apart
| Compare | Binance P2PReviewVisitVisit | krakenReviewVisitVisit |
|---|---|---|
| Taker fee | 0.1%Lower | 0.8% |
| Coins listed | 490 | 728Higher |
| Fiat deposit methods | Card, Bank, SEPA, ACH | Card, Bank, SEPA, ACH, Apple payCovers more |
| Maker fee | 0.1%Lower | 0.4% |
| Regulators | Not confirmed | Central Bank of Ireland, CySEC, FCA, FINTRAC, FinCEN, SEC and FINRA, CFTC and NFA, AUSTRAC, Bermuda Monetary Authority, Comision Nacional de Valores (CNV), Austrian Financial Market Authority (FMA), Central Bank of Ireland (CBI) |
| Withdrawal fee | Not confirmed | Variable per asset and method; static or dynamic funding fees |
| Exchange type | Not confirmed | Cex |
Same on both: Proof of reserves (Yes), Derivatives (Yes).
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Key differences
- Founded is lower at kraken: 2011 vs 2017.
- Taker fee is lower at Binance P2P: 0.1% vs 0.8%.
- Maker fee is lower at Binance P2P: 0.1% vs 0.4%.
- Coins listed is higher at kraken: 728 vs 490.
- Fiat deposit methods: only kraken offers Apple pay.
- Support channels: only kraken offers Email, Phone, Community.
Our verdict on each
Binance P2P
This Binance P2P profile covers the crypto-exchange marketplace feature for direct digital-asset trades between users. Offer amounts, prices and conditions are set by the advertiser, seller terms apply, and regional availability is not universal.
kraken
Kraken suits buyers who put safety of the money and a wide coin list ahead of trading cost. It publishes proof of reserves, offers derivatives, and lists 728 coins, but the taker fee of 0.8% sits well above the site median of 0.2%, so regular traders pay more per trade.
Score breakdown
| Area | Binance P2P | kraken |
|---|---|---|
| Cost | 9.0Higher | 8.3Fees are high: a taker fee of 0.8% and a maker fee of 0.4% sit well above the site median of 0.2%. |
| Offer | 9.5 | 9.8HigherProof of reserves and derivatives are both offered, coins listed reach 728, and support runs on email, chat and phone. |
| Trust | 9.1 | 9.7Higher |
Pick Binance P2P if, pick kraken if
Pick Binance P2P if cost, taker fee, and maker fee matter most.
Pick kraken if offer, trust, coins listed, and fiat deposit methods matter most.
Where each is licensed and available
| Country | Binance P2P | kraken |
|---|---|---|
| Argentina | Not confirmed | |
| Australia | Not confirmed | AUSTRAC ACN 163 237 634 |
| Austria | Not confirmed | Austrian Financial Market Authority (FMA) MiCA CASP 5299005V5GBSN2A4C303 |
| Bermuda | Not confirmed | Bermuda Monetary Authority 202403268 |
| Canada | Not confirmed | FINTRAC M19343731 |
| Cyprus | Not confirmed | CySEC 342/17 |
| Ireland | Not confirmed | Central Bank of Ireland C453020 Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 |
| United Kingdom | Not confirmed | FCA 757895 |
Sources behind this comparison
Binance P2P
- coingecko.com: 3 facts, checked September 28, 2026
- binance.com: 2 facts, checked September 25, 2026
- coinmarketcap.com: 2 facts, checked September 26, 2026
- defillama.com: 1 fact, checked September 28, 2026
kraken
- kraken.com: 8 facts, checked September 26, 2026
- coingecko.com: 2 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
- support.kraken.com: 2 facts, checked September 26, 2026
How they place
| Ranking | Binance P2P | kraken |
|---|---|---|
| Crypto exchanges | 13 of 297 | 14 of 297 |
Every fact side by side
| Fact | Binance P2P | kraken |
|---|---|---|
| Features | Not confirmed | Custodial, Self custody, Staking |
| Legal entity | Not confirmed | Payward Europe Solutions Limited |
| Headquarters | Not confirmed | Ireland |
| Founded | 2017 | 2011Lower |
| Support channels | Chat, Help centre | Email, Chat, Phone, Help centre, CommunityCovers more |
Debit cards
| Fact | Binance P2P | kraken |
|---|---|---|
| Monthly fee | Not confirmed | €0 |
| Currency conversion fee | Not confirmed | 0% |
| Card type | Not confirmed | Debit |
| Cashback rate | Not confirmed | 2% |
| Card network | Not confirmed | Mastercard |
| Currencies | Not confirmed | 600 |
| Custody | Not confirmed | Custodial |
Crypto earn
| Fact | Binance P2P | kraken |
|---|---|---|
| Yield | Not confirmed | 0.1% to 21% |
| Supported assets | Not confirmed | ATOM, SCRT, KSM, DYM, FLOW, MON, KAVA, XTZ, INJ, GRT, AVAX, TIA, NEAR, SOL, SEI, TRX, POL, DOT, ETH, HYPE, SUI, BNB, BTC, ADA, MINA, TAO, FLOWH, AKT, ALGO, APT, CELO, CSPR, CTC, CTSI, DASH, DCR |
| Lock-up terms | Not confirmed | None for flexible (unstake any time); bonded has a lock-in period (e.g. 21D for ATOM) |
Crypto wallets
| Fact | Binance P2P | kraken |
|---|---|---|
| Wallet type | Not confirmed | Mobile |
| Price | Not confirmed | $0 |
| Backup options | Not confirmed | Seed |
Where each stands against the rest
| Fact | Binance P2P | kraken | Median |
|---|---|---|---|
| Taker fee | 0.1%below the median | 0.8%highest quarter | 0.15% |
| Coins listed | 490highest quarter | 728highest quarter | 76 |
| Maker fee | 0.1%at the median | 0.4%highest quarter | 0.1% |
Median across 219 listed providers.
Pros and cons
Binance P2P
Pros
- The feature facilitates direct trades between users.
- Advertisements identify seller-set amounts, prices and conditions.
Cons
- Products or services may not be available in every region; offer terms vary by seller.
kraken
Pros
- Proof of reserves is published and derivatives are offered on the same platform.
- Coins listed reach 728, above the site median of 62.
- Fiat deposits run through card, bank and sepa, covering card, bank transfer, SEPA and ACH.
Cons
- Fees are heavy for frequent trading: 0.8% to take and 0.4% to make, against a site median of 0.2%.
- Withdrawal fees vary by asset and method, with static or dynamic funding fees on top of the trade cost.
- Staked balances sit in custodial custody, and bonded staking carries a lock-in period.
Who each suits
Binance P2P
Who it suits
- Users reviewing peer-to-peer digital-asset offers and local availability.
kraken
Who it suits
- Readers who want a regulated exchange with proof of reserves and derivatives in the same account.
- Anyone funding an account by card, bank transfer, SEPA or ACH.
- Card users, since the card carries a €0 monthly fee and cashback of 2%.
Who should look elsewhere
- Not ActivTrades if trading cost is the only thing that matters, since its taker fee is 0%.
- Not bunq, whose taker fee runs 0.25% to 1.99% against the fee here.
- Not Bitpanda for a longer coin list, as Bitpanda lists from 650 coins.
Questions about each
Binance P2P
Which cryptocurrencies can users trade on Binance?+
Users can trade hundreds of cryptocurrencies through Binance, using spot markets as well as margin, futures and option products. Well-known digital currencies such as Bitcoin, Ethereum and XRP are included in that range, so people can work with the assets they already follow.
What is the Security of User Assets Fund?+
The Security of User Assets Fund, known as SAFU, came into being in 2018 to protect user funds in rare emergencies. Binance treats security as its priority, and the fund is one part of how the exchange looks after the money of its customers.
kraken
What does Kraken charge to trade?+
Trading costs 0.8% for taker orders and 0.4% for maker orders. The taker fee sits above the site median of 0.2%, so cost-minded traders may prefer a cheaper venue. Withdrawal fees are separate and vary by asset and method, charged as static or dynamic funding fees.
Which regulators and licences cover Kraken?+
Kraken is listed with Central Bank of Ireland, CySEC and FCA. The European entity behind it is Payward Europe Solutions Limited, based in Ireland, with its own Central Bank of Ireland registration. Proof of reserves is also published, so stated holdings can be compared with the proof.