What is better, Binance or Kraken?

[boomy]

Guys I need your input, which exchange is the better Binance or Kraken if you want to trade some of the major cryptos e.g. Bitcoin, Etherium and XRP ?

For me it is very easy to use kraken, I never tried Binance but heard that every Jo is using them for professional use?

 

[Igemon]

I am using both of them. They are generally equal, except Binance doesn't support USD‌ (they have a separate division for it).

 

[Igemon]

Also binance has a lot of secondary features like P2P trading, loans and so on.‌ But I never used them.

 

[boomy]

okay thank you, I may signup for an account with binance so check what they‌ are.

 

[khinkali]

It depends on how you trade. Fiat or not? Leveraged? Futures? Frequently? Algorithmically?

Binance global‌ has a wide choice of crypto and tight spreads for crypto-crypto trading, but not fiat.‍ Binance US has fiat trading. Bittrex has a good choice of both crypto-crypto and fiat-crypto⁠ markets. BitMex is popular for leveraged futures trading.

 

[EliasIT]

If you trade like this.

Insert 10K euro in your kraken account, trade it to‌ bitcoin or other crypto, wait a few hours or days, get it back to fiat‍ and start trading again once you think it is the lowest price!

What would you⁠ suggest then?

 

[khinkali]

Depending on your jurisdiction Kraken, Coinbase, Bitstamp and now Binance do EUR. Bitfinex too, but‌ its reputation is perhaps a little shakier.