Updated October 18, 2026 · SumCue Editorial Team
Binance P2P vs Kraken
Binance P2P
Higher score in this comparison
Kraken
Where Binance P2P and Kraken differ
| Compare | Binance P2PReviewVisitVisit | KrakenReviewVisitVisit |
|---|---|---|
| Taker fee | 0.1% | 0.05% to 0.8%Lower |
| 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, Cyprus Securities and Exchange Commission, Financial Conduct Authority, Financial Crimes Enforcement Network, Central Bank of Ireland (CBI) |
| Maker fee | 0.1% | 0% to 0.4%Lower |
| Fiat deposit methods | Not confirmed | Card, Bank, SEPA, ACH, Apple pay |
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, Cyprus Securities and Exchange Commission, Financial Conduct Authority.
- Binance P2P is licensed in 3 more countries.
- 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.
- Features: only Binance P2P offers Staking.
- Features: only Kraken offers Crypto, Mobile app.
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 active crypto traders who also want stocks, ETFs, forex and futures alongside digital assets, with commission free stock dealing at $0 and cover shown as EU ICS up to EUR 20,000. Support runs through help centre routes, so traders who want phone help should weigh that trade off before opening an account.
Score breakdown
| Area | Binance P2P | Kraken |
|---|---|---|
| Cost | 9.0Taker and maker fees both sit at 0.1% and 0.1%, below the 0.25% site median. | 9.3HigherStock dealing costs stay lean at $0 for equity orders. |
| Offer | 9.5HigherLists 490 coins, adds derivatives and staking, and publishes proof of reserves. | 9.0Market choice spans stocks, ETFs and forex with broad coin coverage. |
| Trust | 9.4Higher | 9.3Oversight links to Central Bank of Ireland, Cyprus Securities and Exchange Commission and Financial Conduct Authority with stated scheme cover. |
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
| Ranking | Binance P2P | Kraken |
|---|---|---|
| Crypto | 15 of 428 | 18 of 428 |
| Crypto exchanges | 13 of 330 | 16 of 330 |
| Crypto wallets | 11 of 249 | 12 of 249 |
Which one suits you
Pick Binance P2P if offer matter most.
Pick Kraken if cost, taker fee, coins listed, and maker fee matter most.
Availability and regulation
| Country | Binance P2P | Kraken |
|---|---|---|
| Australia | Not confirmed | |
| France | Not confirmed | |
| Ireland | Not confirmed | Central Bank of Ireland (CBI) MiCA CASP 9845003D98SCC2851458 IE_CBI PSD_EMI IE_CBI!C453020 |
| Italy | Not confirmed | |
| Spain | Not confirmed | |
| Thailand | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 71030 |
Every fact side by side
| Fact | Binance P2P | Kraken |
|---|---|---|
| Features | Staking | Crypto, Mobile app |
| Legal entity | Binance Holdings Ltd. | Not confirmed |
| Headquarters | United Arab Emirates | Not confirmed |
| Founded | 2017 | Not confirmed |
| Support channels | Email, Chat, Help centre | Not confirmed |
Crypto wallets
| Fact | Binance P2P | Kraken |
|---|---|---|
| Wallet type | Mobile | Mobile |
| Price | Not confirmed | $0 |
| Custody | Custodial | Self custody |
| Coins supported | 490 | 728Higher |
| Backup options | Not confirmed | Seed |
Debit cards
| Fact | Binance P2P | Kraken |
|---|---|---|
| Monthly fee | Not confirmed | €0 |
| Currency conversion fee | Not confirmed | 0% |
| Free ATM withdrawals | Not confirmed | €0 |
| Card type | Not confirmed | Debit |
| Audience | Not confirmed | Beginners, Experienced |
| Cashback rate | Not confirmed | 0.5% to 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 | 0.05% to 0.8%below the median | 0.15% |
| Coins listed | 490highest quarter | 728highest quarter | 89.5 |
| Maker fee | 0.1%at the median | 0% to 0.4%below the median | 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
- Commission free stock dealing at $0, below DKB at €10
- Low entry with $1 alongside fiat choice across card, bank and SEPA
- Broad venue with stocks, ETFs and forex and 728 plus published proof of reserves
Cons
- Support runs on help centre only, so you manage queries through help centre paths.
- Card funding carries extra cost within Free bank deposits, card 3.75% + 0.25, so bank routes suit cost aware deposits.
- Coin trading fees run 0.05% to 0.8%, so frequent takers should weigh volume tiers.
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
- Active traders wanting crypto plus stocks, ETFs, forex and futures in a shared venue
- Cost aware equity investors drawn to dealing at $0 with modest entry at $1
Who should look elsewhere
- ActivTrades if you want phone led help rather than help centre paths on help centre
- DKB if you prefer bank bundled investing over crypto led coverage at 728
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 is the minimum deposit to start with Kraken?+
You can open an account with $1, which keeps entry modest for new funders. Bank routes are available alongside card and wallet paths, so you can choose the rail that fits your timing and cost preference.
How much does Kraken charge for stocks and crypto trades?+
Stock dealing is shown as $0, which keeps equity orders lean. Crypto taker fees run 0.05% to 0.8%, so your all in cost depends on asset class, order type and monthly volume tier.
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