Why Is Kraken So Expensive? Just Paid £4.95 + £0.95 in Fees on a £100 Buy – Coming from Binance, This Feels Like a Rip-Off!
New to Kraken here, and I'm kinda baffled by the fees. I usually stick with Binance because their fees are super low – like, maker/taker fees starting at 0.1% and going down with volume or BNB use. But I decided to test out Kraken with a small £100 buy (in GBP, since I'm in the UK), and bam, I got hit with £4.95 in what I think is a payment processing fee plus another £0.95 in trading fees. That's almost 6% total! For such a small amount, it feels excessive compared to Binance, where I'd pay way less for the same trade.
Is this normal for Kraken? From what I've read, their fee structure includes variable trading fees (0.16% maker/0.26% taker for low-volume users) plus extra costs for fiat deposits or card purchases, which can add up quickly for smaller transactions. They seem to prioritize security and regulation, especially in places like the EU/UK, which might explain the higher costs versus more "wild west" exchanges like Binance. But still, why so pricey for noobs like me just dipping a toe in?
Also, hoping the community can help: How can I lower my fees on Kraken going forward? I've seen tips like using bank transfers instead of cards to avoid those hefty processing fees, trading higher volumes to drop into lower fee tiers, or maybe using their Pro platform for better rates. Any other hacks, like specific payment methods for UK users or loyalty programs? Would love advice to make this workable, 'cause I like Kraken's rep for being legit, but these fees are a buzzkill.
Thanks in advance – let's help out future members avoid the same sticker shock! What's your experience been?
TL;DR: Kraken fees stung me on a £100 buy; Binance is cheaper. Why the difference, and how to minimize costs on Kraken?
submitted by /u/bigdickcarbit
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### Kraken费用：为何成本如此之高？
对于新手用户而言，交易所的费用结构有时简直令人困惑。最近我在使用Kraken进行了一笔100英镑的交易，结果付出了4.95英镑的处理费用和0.95英镑的交易费用，总共接近6%。这让我不禁想起我长期以来使用的Binance，在那里我习惯于享受低至0.1%的费率，这使得交易成本保持在合理范围内。
一般来说，Kraken的费用结构较为复杂，包括0.16%的做市商和0.26%的吃单者费用，尤其对于低交易量用户而言，额外的法币存款或信用卡购买费用更是让人感到意外。Kraken在安全性和合规性上表现突出，尤其是在欧盟和英国这样的地区，这或许是其较高费用的一个原因。然而，对于像我这样刚入门的用户来说，这种费用似乎过于昂贵。
那么，如何降低在Kraken上的交易费用呢？许多用户推荐使用银行转账替代信用卡支付，以避免高额的处理费用。增加交易量以掉入较低的费用等级也是一种选择。更进一步，使用Kraken的Pro平台可能会提供更有利的费率。此外，如果有针对英国用户的特定支付方式或忠诚计划的建议，也非常欢迎大家分享。因为尽管我对Kraken的声誉非常认可，但这笔费用对我来说确实有些令人沮丧。
期待社区能够提供一些帮助，让未来的用户不会体验到同样的费用震惊！大家的经验如何？是否有其他有效的方式来降低Kraken上的交易成本？
总之，对于我选择的100英镑买入，Kraken的费用使我感到吃惊，而Binance的费用无疑更具吸引力。面对这种差异，我希望通过分享和探讨，让更多人能找到在Kraken上交易的最佳方案。