Updated October 18, 2026 · SumCue Editorial Team
Binance P2P vs kraken
Binance P2P
Higher score in this comparison
kraken
Binance P2P vs kraken: the differences
| Compare | Binance P2PReviewVisitVisit | krakenReviewVisitVisit |
|---|---|---|
| Taker fee | 0.1%Lower | 0.8% |
| Coins listed | 490 | 728Higher |
| Regulators | Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB), Banco de Espana, Australian Securities and Investments Commission (ASIC), Thailand Ministry of Finance | 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) |
| Maker fee | 0.1%Lower | 0.4% |
| Fiat deposit methods | Not confirmed | Card, Bank, SEPA, ACH, Apple pay |
| Withdrawal fee | Not confirmed | Variable per asset and method; static or dynamic funding fees |
Same on both: Proof of reserves (Yes), Derivatives (Yes), Exchange type (Cex).
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Key differences
- Binance P2P scores higher overall: 9.3 vs 9.2.
- Regulators: only Binance P2P offers Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB), Banco de Espana.
- Regulators: only kraken offers Central Bank of Ireland, CySEC, FCA.
- Founded is lower at kraken: 2011 vs 2017.
- kraken is licensed in 4 more countries.
- 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.
- Support channels: only kraken offers Phone, Community.
- Features: only kraken offers Custodial, Self custody.
Our verdict on each
Binance P2P
Binance P2P suits traders who want a wide coin list at a low taker fee and will hold a custodial wallet. Fees of 0.1% sit under the 0.25% site median, though proof of reserves and a spread of regulators leave some account holders uneasy.
kraken
Kraken suits UK and European buyers who want crypto, stocks, ETFs and futures in a single account, under licences from the Central Bank of Ireland, CySEC, the FCA and US regulators. The catch is trading cost: a taker fee of 0.8% against a site median of 0.25%, ranked 100 of 121 on price.
Score breakdown
| Area | Binance P2P | kraken |
|---|---|---|
| Cost | 9.0HigherTaker and maker fees both sit at 0.1% and 0.1%, below the 0.25% site median. | 8.3 |
| Offer | 9.5Lists 490 coins, adds derivatives and staking, and publishes proof of reserves. | 9.8Higher |
| Trust | 9.4 | 9.7Higher |
Which one suits you
Pick Binance P2P if cost, taker fee, and maker fee matter most.
Pick kraken if offer, trust, and coins listed matter most.
Where each is licensed and available
| Country | Binance P2P | kraken |
|---|---|---|
| Australia | AUSTRAC ACN 163 237 634 | |
| Argentina | Not confirmed | |
| 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 |
| France | Not confirmed | |
| Ireland | Not confirmed | Central Bank of Ireland C453020 Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 |
The bill, worked out
Buy 1,000 of crypto and sell it again
Binance P2P
2
0.1% of 2,000
kraken
16
0.8% of 2,000
Binance P2P comes out 14 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Where these facts come from
Binance P2P
- coingecko.com: 4 facts, checked September 26, 2026
- coinmarketcap.com: 3 facts, checked September 26, 2026
- en.wikipedia.org: 2 facts, checked September 26, 2026
- play.google.com: 2 facts, checked September 26, 2026
- defillama.com: 1 fact, checked September 26, 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 | 15 of 428 | 19 of 428 |
| Crypto exchanges | 13 of 330 | 17 of 330 |
| Crypto wallets | 11 of 249 | 13 of 249 |
Every fact side by side
| Fact | Binance P2P | kraken |
|---|---|---|
| Features | Staking | Custodial, Self custody, StakingCovers more |
| Legal entity | Binance Holdings Ltd. | Payward Europe Solutions Limited |
| Headquarters | United Arab Emirates | Ireland |
| Founded | 2017 | 2011Lower |
| Support channels | Email, Chat, Help centre | Email, Chat, Phone, Help centre, CommunityCovers more |
Crypto wallets
| Fact | Binance P2P | kraken |
|---|---|---|
| Wallet type | Mobile | Mobile |
| Price | Not confirmed | $0 |
| Custody | Custodial | Self custody |
| Coins supported | 490 | Not confirmed |
| Backup options | Not confirmed | Seed |
Brokers
| Fact | Binance P2P | kraken |
|---|---|---|
| Stock trade fee | Not confirmed | $0 |
| Markets | Not confirmed | Stocks, ETFs, Crypto, Futures |
| Investor protection | Not confirmed | EU ICS up to EUR 20,000 |
| Pricing model | Not confirmed | Commission free |
| Audience | Not confirmed | Beginners, Experienced |
| Currency conversion fee | Not confirmed | 0% |
| Deposit and withdrawal fees | Not confirmed | Varies by method and currency |
| Platforms | Not confirmed | Kraken App, Kraken Pro, Kraken Desktop |
Debit cards
| Fact | Binance P2P | kraken |
|---|---|---|
| Monthly fee | Not confirmed | €0 |
| Card type | Not confirmed | Debit |
| Cashback rate | Not confirmed | 2% |
| Card network | Not confirmed | Mastercard |
| Currencies | Not confirmed | 600 |
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 | 89.5 |
| Maker fee | 0.1%at the median | 0.4%highest quarter | 0.1% |
Median across 222 listed providers.
Pros and cons
Binance P2P
Pros
- Taker and maker fees of 0.1% and 0.1% sit below the 0.25% site median
- Lists 490 coins, ahead of the 71.5 site median
- Derivatives and staking are available on a custodial mobile wallet
Cons
- Custody is custodial, so assets sit with the exchange rather than in your own keys
- Support runs on email, chat and help centre only, and a phone line is not among its support channels
- Regulators cover Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana, so UK holders are not covered by a listed licence
kraken
Pros
- Licensed by the Central Bank of Ireland, CySEC, the FCA, FinCEN, SEC and FINRA, CFTC and NFA, AUSTRAC and the Bermuda Monetary Authority, with EU protection stated as EU ICS up to EUR 20,000.
- Crypto, stocks, ETFs and futures sit in a single account, and the stock trade fee is $0.
- A self-custody mobile wallet priced at $0, with a seed phrase as backup, so coins need not sit on the exchange.
Cons
- Trading fees are the weak side: a taker fee of 0.8% and a maker fee of 0.4% against a site median taker fee of 0.25%.
- Deposit and withdrawal fees vary by method and currency, and withdrawal fees also vary per asset, so moving money costs change with the route.
- Custody differs by product, since the exchange is a centralised venue while the wallet is self-custody, and the platform covers custodial, self-custody and staking features together.
Who each suits
Binance P2P
Who it suits
- Traders buying and selling frequently who care about taker fees
- Anyone who wants a long coin list in one custodial app
- Mobile first users who want chat support alongside a help centre
Who should look elsewhere
- Anyone who wants to hold their own keys, since custody is custodial
- eToro users after a broader retail platform for equities alongside crypto
kraken
Who it suits
- EU and UK buyers who want stocks, ETFs and futures alongside crypto without a second platform.
- Coin holders who want to hold outside the exchange, with a self-custody wallet backed by a seed phrase.
- Spending crypto users, since the card pays cashback of 2% with a currency conversion fee of 0%.
Who should look elsewhere
- Taker-heavy traders, who may pay less on bunq, where the taker fee is 0.25% to 1.99% against 0.8% here.
- Readers who want yield priced on a crypto earn product rather than trading fees, where Vivid Plus charges 2.25%.
Questions about each
Binance P2P
What are the trading fees at Binance P2P?+
Taker fees are 0.1% and maker fees are 0.1%, charged on the standard exchange account. The site median taker fee is 0.25%, so costs sit at the lower end of the range. No account fee is listed.
Which regulators licence Binance P2P?+
The exchange lists Autorite des marches financiers (AMF), Commissione Nazionale per le Societa e la Borsa (CONSOB) and Banco de Espana among its regulators. Those registrations cover France, Italy, Spain, Australia and Thailand, so users in other markets should check their local position. Licence coverage is therefore partial.
kraken
What does it cost to trade on Kraken?+
Trading fees are the main charge. The taker fee is 0.8% and the maker fee is 0.4%, against a site median taker fee of 0.25%. Deposit and withdrawal fees vary by method and currency, while stock trades carry a stock trade fee of $0.
Is Kraken regulated and is money protected?+
Its regulator list runs from the Central Bank of Ireland and CySEC to the FCA, FinCEN, SEC and FINRA, CFTC and NFA, AUSTRAC and the Bermuda Monetary Authority. In the EU the stated protection is EU ICS up to EUR 20,000, held through Payward Europe Solutions Limited. Proof of reserves is also offered.