It ensures that transactions are not being used for money laundering and terrorist financing.Īs a response to this, Binance has updated its KYC policy. Well, it’s because compared to other exchanges, Binance has a very lax policy when it comes to KYC (Know Your Customer). Read more Why is Binance suddenly not available in many countries?īinance is currently one of the largest cryptocurrency exchange platforms with $40 billion in daily trading volume. In the recent years, Bitcoin has catapulted into popularity all over the world. Bitcoin, Bitcoin Gold, Bitcoin Cash, Ethereum, and Ethereum Classic, as well as more esoteric coins like EOS, Dash, GAS, NEO, Zcash, Ripple, Dash, and many more.10 Trusted Bitcoin Exchanges to Buy BTCs Safely Some of the more common offerings you’ll find on the platform include the following coins and tokens. If you’re into the altcoin market as a trader or developer, you’ll find the team at Binance very accommodating of new projects. The left of the screen also shows your price history, allowing you to monitor price action in real-time.īinance receives plenty of praise from the crypto community for its willingness to list plenty of altcoins. There are options to view your trade history and order books, and you also get a level 2 window for market depth.Īll the charts are entirely customizable to your favorite colors, with dark themes available in the Binance trading platform. The dashboards seem cluttered, but you’ll get used to them the more you trade them. With Binance and Kraken, you get useful charts with real-time data and price action. The advanced level is for those traders that know what they are doing and demand more technical features from their trading platform. Obviously, the beginner level is for first-time traders that are getting their feet wet in the markets. Kraken Or Binance? Who Has Better Offers For Us?īinance offers traders two options for using the platform – the beginner and advanced mode. Kraken keeps 90% of all client funds in cold storage at any time, and it’s at the top of the security game with no previous hacks occurring on the exchange. After the Binance hack in 2019, which saw $40-million go missing from wallets, the team upped the security and claimed it wouldn’t happen again. How Secure Are Kraken and Binance?īoth Kraken and Binance run secure operations. Binance US is a good exchange, but it has nowhere near the same daily volume and liquidity as its parent exchange.
If you want to trade with Binance, you’ll have to use the Binance US platform.
The verification process for Kraken is extensive, and to get full access to maximum daily withdrawal limits, you must complete KYC with your photo ID and a copy of your proof of address.īinance doesn’t allow US customers.
Kraken is a Canadian exchange with registration as a money services business in the US, allowing it to take American passport holders onboard. Is Kraken More User Friendly Than Binance? Are US Customers Allowed In Kraken Or Binance?