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BingX vs Kraken

Kraken is good at the way in and out of real money, BingX where leverage and contracts are needed. Not an either-or.

SpreadRadar editorial · pryanik.io · · about authorship and sources

Compared by the numbers

These figures come from the venues themselves. Volume is missing on purpose: every exchange counts it its own way, and on a few the top of the book is tokenised equities. The bottom row counts the P2P currencies our scanner reaches, not everything the venue lists.

BingXBingX KrakenKraken
USDT pairs63144
Futures contracts971209
Networks for USDT11—
Cheapest USDT withdrawal0.15 BSC—
P2P currencies in our scanner66 currencies—

In short: the difference

How BingX differs from Kraken

First in the pair, BingX, is a derivatives terminal. On the market since 2018, jurisdiction: Singapore, its own — token.

Second in the pair, Kraken, is a venue that works under supervision. On the market since 2011, jurisdiction: San Francisco, USA.

What BingX gives you

The regulated venue wins on money, BingX on everything else: A derivatives-leaning venue: nearly a thousand perpetuals against six hundred-plus spot pairs. Copy trading is the centrepiece here, more developed than on most, with statistics and trader rankings. There are spot bots, Wealth savings, P2P and cheap withdrawals — 0.01 on Aptos.

Where BingX is strong

mature copy trading, 990+ perpetuals, cheap withdrawals.

What Kraken gives you

Next to a derivatives terminal, Kraken answers with something else: The oldest venue we cover, running since 2011 under US regulation. Its distinction is real money: hundreds of dollar pairs and more euro pairs than anyone else here. There is spot, perpetual futures with hourly funding, staking and institutional services. Kraken is how we compute the live dollar rate in our stablecoin section.

Where Kraken is strong

hundreds of pairs against dollars and euro directly, age and regulation, hourly funding.

What decides it

Fees, withdrawals and limits: where the gap shows

  • Age. Kraken has run since 2011, BingX since 2018 — a gap of 7 years. It guarantees nothing on its own, but the older venue has been through more market cycles.
  • Jurisdiction. BingX sits in Singapore, Kraken in San Francisco, USA. It shapes both the checks you pass and what the venue has to disclose.
  • Native token. — on BingX cuts fees and opens launches; Kraken has no such lever.
  • Strengths side by side. BingX: mature copy trading, 990+ perpetuals, cheap withdrawals; Kraken: hundreds of pairs against dollars and euro directly, age and regulation, hourly funding.
  • Which job. BingX is for anyone trading futures and mirroring other traders, while Kraken is for settling in real dollars and euro rather than stablecoins.
  • Worth remembering. BingX: a moderate spot listing — rare coins are usually found elsewhere. Kraken: entry-level fees run higher than neighbours — it pays off at larger volumes.

Which one fits you

Who BingX suits

BingX — for anyone trading futures and mirroring other traders.

Who Kraken suits

Kraken — for settling in real dollars and euro rather than stablecoins.

What people ask most

Questions about BingX

BingX: What is the maximum leverage on BingX? The perpetuals guide states up to 150x, and selected TradFi contracts up to 200x. A tiered model applies: the larger the position, the lower the leverage permitted.

BingX: Do the promotional 0.006% rates apply to everyone? No. The promotion from 19 October 2026 on TradFi contracts covers only users who received the offer, and only the regions named. Read your own rate in the account fee schedule.

BingX: How many futures are there? Close to a thousand perpetual contracts — more than spot pairs. This is a venue with a derivatives character, and the live numbers sit in the comparison on this page.

Questions about Kraken

Kraken: Why does Kraken funding look different? The exchange publishes the rate in dollars per contract per hour rather than as a fraction of price, and it accrues hourly rather than every eight hours.

Kraken: Does Kraken have P2P? No. There is no classic listings board with merchants and escrow between users: money moves in and out through bank transfers and the venue own fiat routes.

Kraken: Why check the network before sending? Kraken does not support every network for every coin, and a deposit sent on an unsupported network is usually unrecoverable. The supported list is in its funding help pages.

Both at once

When it makes sense to keep accounts on both BingX and Kraken

Keeping both costs less than it seems: signing up is free, and a choice of two quotes usually beats one. Euro or hryvnia comes in on the regulated venue, moves as a stablecoin to the terminal, and the position opens there. Withdrawals take the same road back.

Live numbers

Live BingX and Kraken prices side by side

The figures above do not come from marketing pages: we compute them from the same market snapshots as the rest of the site. BingX and Kraken can be compared on facts rather than promises.

Where these numbers come from

Prices are read straight from the venues and refresh automatically. There is no averaged rate here: each exchange has its own, which is why both are shown side by side.

How often they refresh

Spot and futures every few seconds; fee tiers and withdrawal networks once a day.

What the numbers say

What differs most in the BingX and Kraken numbers

Derivatives go to BingX: 971 perpetuals against 209. We can price the USDT withdrawal on BingX alone — 0.15 over BSC. Spot is wider on BingX: 631 USDT pairs against 44, a gap of 14.3×. P2P data comes from BingX only — 66 currencies.

Where these numbers come from

Pair counts, withdrawal networks, fee rates and the P2P currency list come from the exchanges own public interfaces. Where a venue withholds a field, the table shows a dash and an explanation.

When they were last updated

Snapshot from 13 November 2026; on the page the figures refresh on every visit.

BingX ↗Kraken ↗

Frequently asked

Kraken or BingX — which should you pick?
It is the same choice whichever way round you write it. The comparison above is built on what can be measured: fees, pair counts, withdrawal chains and funding routes. Look less at which venue is "better" in general and more at which of those matters to you.

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