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Updated October 17, 2026 · HodlCue Editorial Team

Binance P2P vs Kraken

Binance P2P scores 9.2 and Kraken 9.4 out of 10. Compare their differences and shared features below.
Binance P2P

Binance P2P

9.2/10
Visit
Kraken

Kraken

Higher score in this comparison

9.4/10
Visit

What sets them apart

Binance P2P vs Kraken
CompareBinance P2PBinance P2PReviewVisitVisitKrakenKrakenReviewVisitVisit
Taker fee0.1%0.05% to 0.8%Lower
Coins listed490728Higher
Fiat deposit methodsCard, Bank, SEPA, ACHCard, Bank, SEPA, ACH, Apple payCovers more
Maker fee0.1%0% to 0.4%Lower
RegulatorsNot confirmedCentral Bank of Ireland, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI)
Exchange typeNot confirmedCex

Same on both: Proof of reserves (Yes), Derivatives (Yes).

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Key differences

  • Kraken scores higher overall: 9.4 vs 9.2.
  • Taker fee is lower at Kraken: 0.05% to 0.8% vs 0.1%.
  • Maker fee is lower at Kraken: 0% to 0.4% vs 0.1%.
  • Coins listed is higher at Kraken: 728 vs 490.
  • Fiat deposit methods: only Kraken offers Apple pay.

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.

Read the full Binance P2P review

Kraken

Kraken suits frequent crypto users who keep trading balances on exchange and want those balances spendable through a card without added card upkeep. It pairs a debit card on Mastercard with a monthly fee of €0 and conversion fees of 0%, which keeps routine spend predictable for cardholders.

Read the full Kraken review

Score breakdown

Binance P2P vs Kraken
AreaBinance P2PKraken
Cost9.09.3HigherMonthly charge of €0 with conversion fees of 0% keeps routine card costs contained.
Offer9.5Higher9.0Card access to 728 with staking on ATOM, SCRT and KSM widens use beyond payments.
Trust9.19.7HigherSupervision linked to Central Bank of Ireland, Financial Conduct Authority and Financial Crimes Enforcement Network supports confidence in handling.

Side by side, item by item

Binance P2P vs Kraken
Fiat deposit methodsBinance P2PKraken
CardYesYes
BankYesYes
SEPAYesYes
ACHYesYes
Apple payNoYes

The bill, worked out

Buy 1,000 of crypto and sell it again

Binance P2P

2

0.1% of 2,000

Kraken

1 to 16

0.05% to 0.8% of 2,000

Kraken comes out 1 lower in this example.

Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 28, 2026.

How they place

Binance P2P vs Kraken
RankingBinance P2PKraken
Crypto exchanges13 of 2979 of 297

Every fact side by side

Binance P2P vs Kraken
FactBinance P2PKraken
FeaturesNot confirmedMulti currency, Crypto, Virtual card, Travel
Founded2017Not confirmed
Support channelsChat, Help centreNot confirmed

Crypto wallets

Binance P2P vs Kraken
FactBinance P2PKraken
Wallet typeNot confirmedMobile
PriceNot confirmed$0
CustodyNot confirmedSelf custody
Coins supportedNot confirmed728
Backup optionsNot confirmedSeed

Where each stands against the rest

Binance P2P vs Kraken
FactBinance P2PKrakenMedian
Taker fee0.1%below the median0.05% to 0.8%below the median0.15%
Coins listed490highest quarter728highest quarter76
Maker fee0.1%at the median0% to 0.4%below the median0.1%

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

  • Monthly fee of €0 keeps ongoing card costs low for regular spenders
  • Conversion fees of 0% favour cross border card use versus Bit2Me at 0.95%
  • Cashback of 0.5% to 2% adds value on eligible card spending

Cons

  • Free ATM allowance of €0 restricts cash withdrawals for frequent ATM users
  • Support runs on chat and help centre only, which limits choice for people who prefer phone help
  • Cashback of 0.5% to 2% varies by activity, so returns depend on card use

Who each suits

Binance P2P

Who it suits

  • Users reviewing peer-to-peer digital-asset offers and local availability.

Kraken

Who it suits

  • Exchange holders who want trading balances spendable by card rather than moved off venue
  • Card payers who value low upkeep and who accept eToro instead where ATM needs dominate

Who should look elsewhere

  • Cash heavy users who may prefer eToro for its free ATM range of €2,500 to €12,000 over €0
  • Phone support seekers who may prefer bunq if assisted channels matter more than chat and help centre

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 the Kraken card cost to keep and use?+

The card carries a monthly fee of €0 and conversion fees of 0%. Cashback of 0.5% to 2% applies to eligible spend. Exchange trading uses maker fees of 0% to 0.4% and taker fees of 0.05% to 0.8%, so card costs stay distinct from trading costs.

Who regulates Kraken for this product?+

Kraken lists oversight connected to Central Bank of Ireland, Financial Conduct Authority and Financial Crimes Enforcement Network and holds registrations including MiCA CASP 9845003D98SCC2851458. The legal entity named is Payward Europe Solutions Limited. These permissions relate to crypto and payment services and vary by product and domicile.

Other options to compare

Binance P2P

Visit

Kraken

Visit