BingX vs Kraken 2026
BingX
8.2VS
Kraken
8.7WinnerRatings
BingX
Kraken
Overall Rating
8.2/10
8.7/10
Fees Rating
8.5/10
6.5/10
Security Rating
8/10
9.8/10
User Experience
8.6/10
8.2/10
Customer Support
8/10
8.5/10
Fees
| BingX | Kraken | |
|---|---|---|
| Maker Fee | 0.1% | 0.25% |
| Taker Fee | 0.1% | 0.4% |
Security & Trust
| BingX | Kraken | |
|---|---|---|
| 2FA Authentication | ||
| Never Hacked | ||
| Insurance Fund | ||
| Cold Storage | 90% | 95% |
Features
| BingX | Kraken | |
|---|---|---|
| Cryptocurrencies | 700+ | 200+ |
| Trading Pairs | 1000+ | 600+ |
| Mobile App | 4.5/5 | 4.3/5 |
| Founded | 2018 | 2011 |
| Headquarters | Singapore | San Francisco, USA |
BingX
Pros
- Best copy trading demo mode (VST) I tested across BingX, Bybit, and Bitget, using live market data for risk-free practice
- Trader transparency is top-tier: full performance history including drawdown periods, not just curated highlight reels
- 15,000+ elite traders to follow with verified, unedited performance stats and proportional position copying
- Performance fee (8-10% of profits only) means you pay nothing when a followed trader loses money
Cons
- $10 million protection fund is 30x smaller than Bitget ($300M) and 100x smaller than Binance SAFU ($1B+)
- Not available in the US, Canada, or to Singapore residents, which limits global reach
- No FCA, SEC, MiCA, or BaFin licensing, putting it below fully regulated platforms for risk-averse traders
Kraken
Pros
- 15 years without a single hack or loss of customer funds
- Proof of reserves audits every quarter since 2014, with individual Merkle tree verification
- First crypto company to hold a US bank charter (Wyoming SPDI)
- Lower fees than Coinbase and Gemini (0.16%/0.26% vs 0.40%/0.60%)
Cons
- Trading fees 60-160% higher than Binance and Bybit (0.16%/0.26% vs 0.10%)
- Simple buy/sell interface hides a 1.5% spread that catches new users off guard
- KYC verification takes 3-10 business days during busy markets
Frequently Asked Questions
Is BingX better than Kraken?
Based on our testing, Kraken edges ahead overall. BingX scores 8.2/10 versus Kraken's 8.7/10. The gap comes down to fees, features, and ease of use - check the full comparison above for the details that matter most to you.
Which has lower fees, BingX or Kraken?
Based on our testing, BingX offers lower trading fees. BingX charges 0.1%/0.1% maker/taker fees while Kraken charges 0.25%/0.4%. BingX scores 8.5/10 in our fee analysis.
Is BingX safer than Kraken?
Kraken has a stronger security track record based on our analysis. BingX scores 8.0/10 for security versus Kraken's 9.8/10. Both exchanges use standard protections like 2FA, but review the security section above for the full breakdown.
Which exchange has more cryptocurrencies, BingX or Kraken?
BingX supports more cryptocurrencies. BingX lists 700+ coins while Kraken offers 200+. If you're looking for a wide range of altcoins, BingX has the edge here.
Should beginners choose BingX or Kraken?
BingX is the better pick for beginners based on user experience scores. BingX scores 8.6/10 for UX versus Kraken's 8.2/10. A cleaner interface and simpler onboarding can make a real difference when you're just starting out.
Can I use both BingX and Kraken in the US?
BingX is headquartered in Singapore and US availability depends on state regulations. Kraken is headquartered in the US. US regulations vary by state, so always verify current availability in your state directly with the exchange before creating an account. Some exchanges restrict certain features for US customers even when accessible.
