Kraken and Coinbase are two of the best-known crypto exchanges. Both corporations offer dozens of features and instruments that can assist you benefit from your trading experience.
But, which platform is the most effective option for you?
Coinbase and Kraken have loads to offer, however every platform is designed with a distinct sort of crypto trader in thoughts. In this Kraken vs. Coinbase match-up, we’ll check out what makes these two exchanges comparable and what makes them unique. In the top, you’ll have all the data you have to decide which one is good on your wants.
Overview Kraken vs. Coinbase
Coinbase and Kraken have long been leaders within the crypto {industry} and nice platforms to buy and sell cryptocurrencies. Here’s what you have to learn about every firm:
About Kraken
Kraken was based in 2011 by Jesse Powell, a crypto specialist. Powell wished to create a brand new exchange to switch the once-massive Mt. Gox Bitcoin exchange if it had been to close down (spoiler: it did).
→ Visit now: www.Kraken.com
Kraken has change into some of the highly effective crypto exchanges on the planet. It is without doubt one of the few exchanges that assist superior trading instruments and asset courses, like crypto derivatives. The agency additionally presents crypto companies in additional than 150 nations around the globe. Read our full Kraken to study extra.
About Coinbase
Coinbase is a US-based exchange that was based in 2012 as a technique to make crypto trading accessible to everybody. In April 2021, Coinbase went public, making it one of many first main publicly traded crypto exchanges.
→ Visit now: www.Coinbase.com
The agency now has greater than 56 million customers in additional than 100 nations around the globe. It is without doubt one of the largest exchanges, too, with greater than $223 billion value of property on its platform. Read our full Coinbase to study extra.
Kraken vs. Coinbase: Main Features
Kraken and Coinbase are two feature-rich crypto exchanges. This is what you may count on when it comes to features on every platform.
Kraken
First and foremost, Kraken is a cryptocurrency exchange. The firm presents two totally different platforms—Kraken Trading and Cryptowatch—the place you may buy and sell crypto.
Kraken Trading means that you can place market or limit orders, in addition to Instant Buys for any of the corporate’s supported cash. Alternatively, Cryptowatch is a premium trading terminal. It supplies entry to real-time information from dozens of exchanges in addition to superior charting instruments.
→ Visit now: www.Kraken.com
Other necessary features on Kraken embody the corporate’s margin and futures trading. Margin trading is on the market in most nations and allows you to leverage as much as 5 instances your account worth. Meanwhile, low-cost crypto futures trading is on the market to most non-US residents.
Two different features of notice with Kraken embody the agency’s staking and OTC companies. With Kraken Staking, you may earn rewards by staking roughly 10 totally different cryptocurrencies.
The Kraken OTC desk is a premium service that processes giant crypto trades off the general public exchange. This is good for buyers that wish to keep away from market liquidity points that typically include giant transactions.
Main Features Overview:
- Instant Buys – A fast and simple technique to buy crypto immediately for brand new merchants
- Cryptowatch – One of the world’s premiere crypto trading terminals for superior buyers
- Kraken Staking – Kraken’s answer for buyers that wish to stake and earn rewards on their crypto
- Kraken Cryptocurrency Futures – An inexpensive platform for trading futures on sure cryptocurrency pairs
- Margin Trading – Kraken’s margin trading allows you to leverage your property for added crypto shopping for energy
- Kraken OTC Desk – The firm’s OTC desk presents assist for giant transactions off the general public exchange
Coinbase
Like Kraken, Coinbase is primarily a cryptocurrency exchange. However, the agency presents a range of different features for crypto buyers.
The firm has two trading platforms: Coinbase and Coinbase Pro. The Coinbase trading terminal helps solely market orders, so it’s designed for brand new buyers. This platform additionally allows you to set up Recurring Buys, which is a straightforward technique to invest in crypto usually.
→ Visit now: www.Coinbase.com
Alternatively, Coinbase Pro presents a range of superior features, together with customizable charts and extra order sorts, like limit and stop orders.
Coinbase additionally presents staking companies on choose cryptocurrencies. The firm even has a function referred to as Coinbase Earn, which helps you to earn free crypto for watching academic movies.
For ultra-high web value people, Coinbase additionally has a Private Client service. This service supplies entry to a devoted account supervisor and enhanced security on your property.
Finally, Coinbase presents the Coinbase Card, which is a Visa debit card. With this card, you can also make day by day purchases utilizing crypto. You also can earn as much as 4% again in crypto rewards only for utilizing your card.
Main Features Overview:
- Recurring Buys – Coinbase’s easy technique to construct your crypto portfolio over time by repeat investments
- Coinbase Pro – The agency’s advanced-level trading platform for knowledgeable buyers
- Coinbase Earn – With Coinbase Earn, you may accumulate free crypto only for watching movies
- Coinbase Staking – A simplified option for incomes rewards on sure cryptocurrencies
- Coinbase Card – Your go-to crypto-backed debit card for day by day purchases
- Private Client – A customized crypto investing service for ultra-high web value people
Kraken vs. Coinbase: Cryptocurrencies Supported
While there are literally thousands of cryptocurrencies on the market, most exchanges solely assist a number of totally different cash on their platform. These are the totally different cryptocurrencies that you’ll find on Kraken and Coinbase.
Kraken
Kraken at the moment helps greater than 50 cryptocurrencies on its exchange, together with:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Stellar Lumens (XLM)
However, remember that a few of the cryptocurrencies on the Kraken platform aren’t out there for margins trading.
Coinbase
Coinbase has a fancy checklist of supported cryptocurrencies on its platform. That’s as a result of some cryptocurrencies can be found solely in sure nations. In the US, the agency helps greater than 50 cryptocurrencies, together with:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Chainlink (LINK)
- Litecoin (LTC)
- Dogecoin (DOGE)
Like Kraken, Coinbase continuously provides new cash to its platform. So the checklist of accessible cryptocurrencies on the exchange is at all times topic to change.
Kraken vs. Coinbase: Wallet
Many exchanges offer hot wallets for account holders to make use of whereas trading. Here’s a take a look at the wallets provided by each Kraken and Coinbase.
Kraken
Kraken at the moment solely presents a hosted hot wallet. This wallet is a handy place to retailer property that you just wish to commerce on the exchange. The bulk of funds deposited into these hosted wallets are transferred to cold storage for added safekeeping.
However, Kraken explicitly states that it’s not a wallet service. Rather, it encourages account holders to think about using cold wallets for digital asset storage.
→ Visit now: www.Kraken.com
Coinbase
Like Kraken, Coinbase supplies all account holders with a free hosted hot wallet. This is the place your funds are mechanically saved once you commerce crypto with Coinbase. Most funds held in these wallets are additionally transferred to cold storage for safekeeping.
Additionally, Coinbase supplies a separate personal hot wallet. The Coinbase Wallet is free to make use of and it’s technically out there to anybody with a smartphone. This wallet might be downloaded as an app from the Apple App Store or Google Play and it provides you entry to your private keys.
The Coinbase Wallet allows you to retailer crypto and NFTs. It additionally allows you to commerce greater than 500 totally different property on numerous DEXes (decentralized exchanges).
→ Visit now: www.Coinbase.com
Kraken vs. Coinbase: Security
Security is a key concern for any crypto trader. Here’s a take a look at the steps that Kraken and Coinbase take to assist defend your property on their exchanges.
Kraken
As we’ve talked about, Kraken views itself as an exchange, not a wallet service. So, the agency extremely recommends that you just keep management over the property in your personal wallet.
If you select to maintain your crypto in Kraken’s hosted hot wallets, the corporate does have top-of-the-line security. Kraken retains round 95% of crypto deposits in offline storage methods. They even have superior security features, like two-factor authentication, to assist maintain your account secure.
With regards to insurance coverage, no funds held in your Kraken account are insured. Crypto isn’t eligible for FDIC insurance coverage, anyway, and the corporate doesn’t keep insurance coverage for digital property.
Coinbase
With Coinbase, roughly 98% of account holder funds are stored in offline storage items which are situated in secure vaults around the globe. Coinbase even protects its platform utilizing AES-256 encryption. It additionally makes use of paper backups and two-factor authentication to maintain hackers at bay.
Additionally, Coinbase presents FDIC insurance coverage on all US greenback funds saved in US-based accounts on its platform. Furthermore, Coinbase has private insurance coverage to guard in opposition to partial lack of property on account of theft.
Kraken vs. Coinbase: Customer Support
Quick and quick access to buyer assist is crucial for those who ever have a query or concern along with your crypto exchange account. This is what you may count on buyer service-wise with each Coinbase and Kraken.
Kraken
Kraken maintains an in depth on-line assist portal the place you may seek for solutions to any questions you may need. Additionally, Kraken has a buyer assist workforce that operates all day, day-after-day via electronic mail and reside chat.
Kraken now presents an outbound phone line for buyer service inquiries. While you may’t name Kraken immediately, the agency will contact you if it believes that your request is greatest dealt with over the phone. To discuss with a Kraken Support Specialist on the phone, you first have to submit an electronic mail request. Once you achieve this, the corporate will schedule a time to talk with you on the phone.
Coinbase
Coinbase has an in depth set of on-line assist pages with solutions to widespread questions. You also can use the agency’s chatbot to rapidly discover options to any questions that you’ve.
For particular account points, you may electronic mail Coinbase’s buyer assist workforce. The firm doesn’t keep a phone line for normal account points, however you may name buyer assist for Coinbase Card-related issues.
Kraken vs. Coinbase: Fees
Fees are a priority with any crypto exchange. Kraken and Coinbase aren’t any exception. Let’s check out the charges that every firm expenses on its platforms.
Kraken
There are three important sorts of charges at Kraken: funding, immediate buy, and trading charges. Besides these charges, Kraken doesn’t cost for some other companies on its platform.
Kraken at the moment solely helps wire transfers for funding US greenback accounts. The agency doesn’t personally cost any charges for these wire transfers, however the corporations that course of these transfers cost as much as $10 per switch.
All immediate buys with Kraken are charged a 0.9% fee if you are going to buy crypto utilizing US {dollars} or stablecoins. Making an immediate buy along with your present crypto property incurs a 1.5% fee.
Trading charges with Kraken Pro or the web trading platform use a maker-taker fee schedule. Fees for these transactions are not more than 0.16%. The fee you pay is predicated in your commerce’s worth and whether or not you’re a market maker or taker.
→ Visit now: www.Kraken.com
Coinbase
Coinbase’s charges are fairly advanced. The firm expenses totally different charges for deposits, common Coinbase trades, and Coinbase Pro trades.
Depositing money right into a US greenback Coinbase account typically incurs a fee. ACH transfers are free, however different fee sorts value money. These charges are as low as $1.49 for Coinbase USD Wallet transfers and as high as $10 for wire transfers.
Trades positioned on Coinbase’s commonplace platform incur a baseline 0.50% fee. Additionally, you’ll pay $0.99 to $2.99 per transaction for orders under than $200. Orders above $200 pay a 1.49% fee.
For Coinbase Pro, all charges are charged on a maker-taker schedule primarily based in your account balance. Fees for this service might be as high as 0.50%.
→ Visit now: www.Coinbase.com
Kraken vs. Coinbase: Platform and App
The user-friendliness of your exchange is at all times an necessary consideration. Here’s how Kraken and Coinbase stack up after we examine their platform and apps.
Kraken
Kraken is primarily designed for intermediate to skilled crypto merchants, so the format of its platforms displays this actuality.
The agency presents two on-line trading platforms: the Kraken Terminal and Cryptowatch. Cryptowatch is a premium trading terminal with high-end charting features. It is greatest suited to skilled buyers. The Kraken Terminal is barely extra accessible for intermediate-level buyers, however it’s not probably the most user-friendly of platforms.
Kraken additionally presents the Kraken, Kraken Pro, and Kraken Futures apps. These apps are all pretty intuitive and the Kraken app helps Instant Buys.
Coinbase
Coinbase prides itself on comfort, so it comes as no shock that its platforms and mobile apps are straightforward to make use of.
Coinbase’s commonplace trading platform is about as user-friendly because it will get. It helps solely market orders, so it’s ideally suited for first-time merchants. Additionally, all buyers can entry Coinbase Pro, which is a barely extra superior platform.
The firm has multiple apps together with the common Coinbase app, Coinbase Pro, Coinbase Wallet, and Coinbase Card. All are straightforward to make use of and are extremely rated on each Google Play and the Apple App shops.
Kraken vs. Coinbase: What We Like (Pros)
Kraken and Coinbase each offer a variety of nice features for crypto merchants. Here are a few of the major advantages of each exchange:
Kraken
- Low trading charges
- Available in additional than 150 nations
- Great number of supported cryptocurrencies
- Offers margin and futures trading
- Allows for restricted crypto staking
- Access to the premium Cryptowatch terminal
- Relatively low-cost Instant Buys
- OTC desk for high-volume transactions
Coinbase
- Intuitive, user-friendly platform
- Supports a large range of cryptocurrencies
- Offers restricted crypto staking
- Opportunity to get a crypto-backed debit card
- Easy technique to earn free crypto rewards
- Access to a non-hosted hot wallet
- Multiple trading platforms
Kraken vs. Coinbase: What We Don’t Like (Cons)
While Kraken and Coinbase are widespread exchanges, there are some features of every agency that go away us wanting. Consider the next drawbacks earlier than opening an account:
Kraken
- Limited performance for US residents
- Doesn’t assist bank transfers for US accounts
- No in-bound phone-based assist system
- Doesn’t offer a non-hosted hot wallet
Coinbase
- High trading and deposit charges
- Complex fee construction
- Doesn’t assist futures or margin trading
- Trading platform is advanced for brand new buyers
- No phone-based buyer service for normal inquiries
Who Is Kraken For?
Kraken is a perfect platform for knowledgeable crypto buyers that need superior trading features with out high charges.
The agency’s margin and futures trading features are comparatively unique within the {industry}. So it’s a pleasant platform for merchants that really feel constrained by their choices with different corporations. Additionally, the truth that Kraken presents entry to the premium Cryptowatch terminal makes it an appropriate selection for buyers that need highly effective, real-time market information.
→ Visit now: www.Kraken.com
Who Is Coinbase For?
Thanks to its intuitive design, Coinbase is an acceptable platform for brand new crypto buyers. The firm’s superior trading terminal additionally makes it a pleasant option for knowledgeable buyers that wish to entry Coinbase’s different features.
Coinbase’s crypto-backed debit card, staking, and rewards features additionally imply that it’s an important platform for individuals who see crypto because the currency of the long run. However, the agency’s high charges counsel that it’s greatest for merchants which are prepared to pay a premium for comfort.
→ Visit now: www.Coinbase.com
FAQs About Kraken vs. Coinbase
Here are our solutions to a few of your mostly requested questions on Kraken and Coinbase:
Which Is Safer, Kraken or Coinbase?
Kraken and Coinbase use industry-leading security features to assist maintain account holder’s property secure. Therefore, one isn’t essentially safer than the opposite. However, maintaining your property in an exchange’s hosted hot wallet is at all times dangerous. For most security, transferring your crypto to a cold wallet is often your greatest wager, whatever the exchange that you just use.
Which Is Cheaper, Kraken or Coinbase?
Overall, Kraken is cheaper than Coinbase. Trading charges on Kraken are not more than 1.5% when utilizing the platform’s immediate buy function. Meanwhile, Coinbase expenses trading charges as much as 2.99%. While it can save you money through the use of Coinbase Pro, the charges on it are nonetheless larger than these charged by Kraken.
Which Is Better, Kraken or Coinbase?
Kraken and Coinbase are stable crypto exchanges, so it’s exhausting to say that one is healthier than the opposite. If you might be an investor that wishes entry to superior crypto trading instruments and low charges, Kraken is perhaps the higher selection. But merchants that prioritize comfort and like further crypto-focused features on their exchange is perhaps happier with Coinbase.
Kraken and Coinbase are two of the best-known crypto exchanges. Both corporations offer dozens of features and instruments that can assist you benefit from your trading experience.
But, which platform is the most effective option for you?
Coinbase and Kraken have loads to offer, however every platform is designed with a distinct sort of crypto trader in thoughts. In this Kraken vs. Coinbase match-up, we’ll check out what makes these two exchanges comparable and what makes them unique. In the top, you’ll have all the data you have to decide which one is good on your wants.
Overview Kraken vs. Coinbase
Coinbase and Kraken have long been leaders within the crypto {industry} and nice platforms to buy and sell cryptocurrencies. Here’s what you have to learn about every firm:
About Kraken
Kraken was based in 2011 by Jesse Powell, a crypto specialist. Powell wished to create a brand new exchange to switch the once-massive Mt. Gox Bitcoin exchange if it had been to close down (spoiler: it did).
→ Visit now: www.Kraken.com
Kraken has change into some of the highly effective crypto exchanges on the planet. It is without doubt one of the few exchanges that assist superior trading instruments and asset courses, like crypto derivatives. The agency additionally presents crypto companies in additional than 150 nations around the globe. Read our full Kraken to study extra.
About Coinbase
Coinbase is a US-based exchange that was based in 2012 as a technique to make crypto trading accessible to everybody. In April 2021, Coinbase went public, making it one of many first main publicly traded crypto exchanges.
→ Visit now: www.Coinbase.com
The agency now has greater than 56 million customers in additional than 100 nations around the globe. It is without doubt one of the largest exchanges, too, with greater than $223 billion value of property on its platform. Read our full Coinbase to study extra.
Kraken vs. Coinbase: Main Features
Kraken and Coinbase are two feature-rich crypto exchanges. This is what you may count on when it comes to features on every platform.
Kraken
First and foremost, Kraken is a cryptocurrency exchange. The firm presents two totally different platforms—Kraken Trading and Cryptowatch—the place you may buy and sell crypto.
Kraken Trading means that you can place market or limit orders, in addition to Instant Buys for any of the corporate’s supported cash. Alternatively, Cryptowatch is a premium trading terminal. It supplies entry to real-time information from dozens of exchanges in addition to superior charting instruments.
→ Visit now: www.Kraken.com
Other necessary features on Kraken embody the corporate’s margin and futures trading. Margin trading is on the market in most nations and allows you to leverage as much as 5 instances your account worth. Meanwhile, low-cost crypto futures trading is on the market to most non-US residents.
Two different features of notice with Kraken embody the agency’s staking and OTC companies. With Kraken Staking, you may earn rewards by staking roughly 10 totally different cryptocurrencies.
The Kraken OTC desk is a premium service that processes giant crypto trades off the general public exchange. This is good for buyers that wish to keep away from market liquidity points that typically include giant transactions.
Main Features Overview:
- Instant Buys – A fast and simple technique to buy crypto immediately for brand new merchants
- Cryptowatch – One of the world’s premiere crypto trading terminals for superior buyers
- Kraken Staking – Kraken’s answer for buyers that wish to stake and earn rewards on their crypto
- Kraken Cryptocurrency Futures – An inexpensive platform for trading futures on sure cryptocurrency pairs
- Margin Trading – Kraken’s margin trading allows you to leverage your property for added crypto shopping for energy
- Kraken OTC Desk – The firm’s OTC desk presents assist for giant transactions off the general public exchange
Coinbase
Like Kraken, Coinbase is primarily a cryptocurrency exchange. However, the agency presents a range of different features for crypto buyers.
The firm has two trading platforms: Coinbase and Coinbase Pro. The Coinbase trading terminal helps solely market orders, so it’s designed for brand new buyers. This platform additionally allows you to set up Recurring Buys, which is a straightforward technique to invest in crypto usually.
→ Visit now: www.Coinbase.com
Alternatively, Coinbase Pro presents a range of superior features, together with customizable charts and extra order sorts, like limit and stop orders.
Coinbase additionally presents staking companies on choose cryptocurrencies. The firm even has a function referred to as Coinbase Earn, which helps you to earn free crypto for watching academic movies.
For ultra-high web value people, Coinbase additionally has a Private Client service. This service supplies entry to a devoted account supervisor and enhanced security on your property.
Finally, Coinbase presents the Coinbase Card, which is a Visa debit card. With this card, you can also make day by day purchases utilizing crypto. You also can earn as much as 4% again in crypto rewards only for utilizing your card.
Main Features Overview:
- Recurring Buys – Coinbase’s easy technique to construct your crypto portfolio over time by repeat investments
- Coinbase Pro – The agency’s advanced-level trading platform for knowledgeable buyers
- Coinbase Earn – With Coinbase Earn, you may accumulate free crypto only for watching movies
- Coinbase Staking – A simplified option for incomes rewards on sure cryptocurrencies
- Coinbase Card – Your go-to crypto-backed debit card for day by day purchases
- Private Client – A customized crypto investing service for ultra-high web value people
Kraken vs. Coinbase: Cryptocurrencies Supported
While there are literally thousands of cryptocurrencies on the market, most exchanges solely assist a number of totally different cash on their platform. These are the totally different cryptocurrencies that you’ll find on Kraken and Coinbase.
Kraken
Kraken at the moment helps greater than 50 cryptocurrencies on its exchange, together with:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Stellar Lumens (XLM)
However, remember that a few of the cryptocurrencies on the Kraken platform aren’t out there for margins trading.
Coinbase
Coinbase has a fancy checklist of supported cryptocurrencies on its platform. That’s as a result of some cryptocurrencies can be found solely in sure nations. In the US, the agency helps greater than 50 cryptocurrencies, together with:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Chainlink (LINK)
- Litecoin (LTC)
- Dogecoin (DOGE)
Like Kraken, Coinbase continuously provides new cash to its platform. So the checklist of accessible cryptocurrencies on the exchange is at all times topic to change.
Kraken vs. Coinbase: Wallet
Many exchanges offer hot wallets for account holders to make use of whereas trading. Here’s a take a look at the wallets provided by each Kraken and Coinbase.
Kraken
Kraken at the moment solely presents a hosted hot wallet. This wallet is a handy place to retailer property that you just wish to commerce on the exchange. The bulk of funds deposited into these hosted wallets are transferred to cold storage for added safekeeping.
However, Kraken explicitly states that it’s not a wallet service. Rather, it encourages account holders to think about using cold wallets for digital asset storage.
→ Visit now: www.Kraken.com
Coinbase
Like Kraken, Coinbase supplies all account holders with a free hosted hot wallet. This is the place your funds are mechanically saved once you commerce crypto with Coinbase. Most funds held in these wallets are additionally transferred to cold storage for safekeeping.
Additionally, Coinbase supplies a separate personal hot wallet. The Coinbase Wallet is free to make use of and it’s technically out there to anybody with a smartphone. This wallet might be downloaded as an app from the Apple App Store or Google Play and it provides you entry to your private keys.
The Coinbase Wallet allows you to retailer crypto and NFTs. It additionally allows you to commerce greater than 500 totally different property on numerous DEXes (decentralized exchanges).
→ Visit now: www.Coinbase.com
Kraken vs. Coinbase: Security
Security is a key concern for any crypto trader. Here’s a take a look at the steps that Kraken and Coinbase take to assist defend your property on their exchanges.
Kraken
As we’ve talked about, Kraken views itself as an exchange, not a wallet service. So, the agency extremely recommends that you just keep management over the property in your personal wallet.
If you select to maintain your crypto in Kraken’s hosted hot wallets, the corporate does have top-of-the-line security. Kraken retains round 95% of crypto deposits in offline storage methods. They even have superior security features, like two-factor authentication, to assist maintain your account secure.
With regards to insurance coverage, no funds held in your Kraken account are insured. Crypto isn’t eligible for FDIC insurance coverage, anyway, and the corporate doesn’t keep insurance coverage for digital property.
Coinbase
With Coinbase, roughly 98% of account holder funds are stored in offline storage items which are situated in secure vaults around the globe. Coinbase even protects its platform utilizing AES-256 encryption. It additionally makes use of paper backups and two-factor authentication to maintain hackers at bay.
Additionally, Coinbase presents FDIC insurance coverage on all US greenback funds saved in US-based accounts on its platform. Furthermore, Coinbase has private insurance coverage to guard in opposition to partial lack of property on account of theft.
Kraken vs. Coinbase: Customer Support
Quick and quick access to buyer assist is crucial for those who ever have a query or concern along with your crypto exchange account. This is what you may count on buyer service-wise with each Coinbase and Kraken.
Kraken
Kraken maintains an in depth on-line assist portal the place you may seek for solutions to any questions you may need. Additionally, Kraken has a buyer assist workforce that operates all day, day-after-day via electronic mail and reside chat.
Kraken now presents an outbound phone line for buyer service inquiries. While you may’t name Kraken immediately, the agency will contact you if it believes that your request is greatest dealt with over the phone. To discuss with a Kraken Support Specialist on the phone, you first have to submit an electronic mail request. Once you achieve this, the corporate will schedule a time to talk with you on the phone.
Coinbase
Coinbase has an in depth set of on-line assist pages with solutions to widespread questions. You also can use the agency’s chatbot to rapidly discover options to any questions that you’ve.
For particular account points, you may electronic mail Coinbase’s buyer assist workforce. The firm doesn’t keep a phone line for normal account points, however you may name buyer assist for Coinbase Card-related issues.
Kraken vs. Coinbase: Fees
Fees are a priority with any crypto exchange. Kraken and Coinbase aren’t any exception. Let’s check out the charges that every firm expenses on its platforms.
Kraken
There are three important sorts of charges at Kraken: funding, immediate buy, and trading charges. Besides these charges, Kraken doesn’t cost for some other companies on its platform.
Kraken at the moment solely helps wire transfers for funding US greenback accounts. The agency doesn’t personally cost any charges for these wire transfers, however the corporations that course of these transfers cost as much as $10 per switch.
All immediate buys with Kraken are charged a 0.9% fee if you are going to buy crypto utilizing US {dollars} or stablecoins. Making an immediate buy along with your present crypto property incurs a 1.5% fee.
Trading charges with Kraken Pro or the web trading platform use a maker-taker fee schedule. Fees for these transactions are not more than 0.16%. The fee you pay is predicated in your commerce’s worth and whether or not you’re a market maker or taker.
→ Visit now: www.Kraken.com
Coinbase
Coinbase’s charges are fairly advanced. The firm expenses totally different charges for deposits, common Coinbase trades, and Coinbase Pro trades.
Depositing money right into a US greenback Coinbase account typically incurs a fee. ACH transfers are free, however different fee sorts value money. These charges are as low as $1.49 for Coinbase USD Wallet transfers and as high as $10 for wire transfers.
Trades positioned on Coinbase’s commonplace platform incur a baseline 0.50% fee. Additionally, you’ll pay $0.99 to $2.99 per transaction for orders under than $200. Orders above $200 pay a 1.49% fee.
For Coinbase Pro, all charges are charged on a maker-taker schedule primarily based in your account balance. Fees for this service might be as high as 0.50%.
→ Visit now: www.Coinbase.com
Kraken vs. Coinbase: Platform and App
The user-friendliness of your exchange is at all times an necessary consideration. Here’s how Kraken and Coinbase stack up after we examine their platform and apps.
Kraken
Kraken is primarily designed for intermediate to skilled crypto merchants, so the format of its platforms displays this actuality.
The agency presents two on-line trading platforms: the Kraken Terminal and Cryptowatch. Cryptowatch is a premium trading terminal with high-end charting features. It is greatest suited to skilled buyers. The Kraken Terminal is barely extra accessible for intermediate-level buyers, however it’s not probably the most user-friendly of platforms.
Kraken additionally presents the Kraken, Kraken Pro, and Kraken Futures apps. These apps are all pretty intuitive and the Kraken app helps Instant Buys.
Coinbase
Coinbase prides itself on comfort, so it comes as no shock that its platforms and mobile apps are straightforward to make use of.
Coinbase’s commonplace trading platform is about as user-friendly because it will get. It helps solely market orders, so it’s ideally suited for first-time merchants. Additionally, all buyers can entry Coinbase Pro, which is a barely extra superior platform.
The firm has multiple apps together with the common Coinbase app, Coinbase Pro, Coinbase Wallet, and Coinbase Card. All are straightforward to make use of and are extremely rated on each Google Play and the Apple App shops.
Kraken vs. Coinbase: What We Like (Pros)
Kraken and Coinbase each offer a variety of nice features for crypto merchants. Here are a few of the major advantages of each exchange:
Kraken
- Low trading charges
- Available in additional than 150 nations
- Great number of supported cryptocurrencies
- Offers margin and futures trading
- Allows for restricted crypto staking
- Access to the premium Cryptowatch terminal
- Relatively low-cost Instant Buys
- OTC desk for high-volume transactions
Coinbase
- Intuitive, user-friendly platform
- Supports a large range of cryptocurrencies
- Offers restricted crypto staking
- Opportunity to get a crypto-backed debit card
- Easy technique to earn free crypto rewards
- Access to a non-hosted hot wallet
- Multiple trading platforms
Kraken vs. Coinbase: What We Don’t Like (Cons)
While Kraken and Coinbase are widespread exchanges, there are some features of every agency that go away us wanting. Consider the next drawbacks earlier than opening an account:
Kraken
- Limited performance for US residents
- Doesn’t assist bank transfers for US accounts
- No in-bound phone-based assist system
- Doesn’t offer a non-hosted hot wallet
Coinbase
- High trading and deposit charges
- Complex fee construction
- Doesn’t assist futures or margin trading
- Trading platform is advanced for brand new buyers
- No phone-based buyer service for normal inquiries
Who Is Kraken For?
Kraken is a perfect platform for knowledgeable crypto buyers that need superior trading features with out high charges.
The agency’s margin and futures trading features are comparatively unique within the {industry}. So it’s a pleasant platform for merchants that really feel constrained by their choices with different corporations. Additionally, the truth that Kraken presents entry to the premium Cryptowatch terminal makes it an appropriate selection for buyers that need highly effective, real-time market information.
→ Visit now: www.Kraken.com
Who Is Coinbase For?
Thanks to its intuitive design, Coinbase is an acceptable platform for brand new crypto buyers. The firm’s superior trading terminal additionally makes it a pleasant option for knowledgeable buyers that wish to entry Coinbase’s different features.
Coinbase’s crypto-backed debit card, staking, and rewards features additionally imply that it’s an important platform for individuals who see crypto because the currency of the long run. However, the agency’s high charges counsel that it’s greatest for merchants which are prepared to pay a premium for comfort.
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FAQs About Kraken vs. Coinbase
Here are our solutions to a few of your mostly requested questions on Kraken and Coinbase:
Which Is Safer, Kraken or Coinbase?
Kraken and Coinbase use industry-leading security features to assist maintain account holder’s property secure. Therefore, one isn’t essentially safer than the opposite. However, maintaining your property in an exchange’s hosted hot wallet is at all times dangerous. For most security, transferring your crypto to a cold wallet is often your greatest wager, whatever the exchange that you just use.
Which Is Cheaper, Kraken or Coinbase?
Overall, Kraken is cheaper than Coinbase. Trading charges on Kraken are not more than 1.5% when utilizing the platform’s immediate buy function. Meanwhile, Coinbase expenses trading charges as much as 2.99%. While it can save you money through the use of Coinbase Pro, the charges on it are nonetheless larger than these charged by Kraken.
Which Is Better, Kraken or Coinbase?
Kraken and Coinbase are stable crypto exchanges, so it’s exhausting to say that one is healthier than the opposite. If you might be an investor that wishes entry to superior crypto trading instruments and low charges, Kraken is perhaps the higher selection. But merchants that prioritize comfort and like further crypto-focused features on their exchange is perhaps happier with Coinbase.
