Choosing a crypto exchange is one of the most important steps when buying cryptocurrencies for the first time. There are so many platforms available, and it can be hard to decide which one is right for you. Two of the most popular and trusted names in the market are Kraken and Coinbase. Both offer access to a wide range of cryptocurrencies and trading tools, but they are built for different types of users.
In this guide, you will see how Kraken vs Coinbase compare across key features like security, trading features, supported currencies, trading fees, and ease of use. This will help you decide which crypto exchange is better for you.
Kraken vs. Coinbase: Comparison TableKrakenCoinbaseFounded20112012HeadquartersSan Francisco, USARemote-only companySupported Cryptocurrencies200+ coins and tokens250+ coins and tokensTrading FeesMaker: 0.25%; Taker: 0.40%Maker: 0.40%; Taker: 0.60%Security FeaturesTwo-factor authentication (2FA), cold storage, encryption, and moreTwo-factor authentication (2FA), cold storage, encryption, and FDIC insurance up to $250,000Mobile AppAvailable on iOS and AndroidAvailable on iOS and AndroidRegulatory ComplianceRegistered with FinCEN; complies with U.S. regulationsRegistered with FinCEN; complies with U.S. regulations; publicly traded companyMargin TradingAvailable with up to 5x leverageNot availableFutures TradingOffers futures trading with up to 50x leverageLimited to the U.S. users only (10x leverage)What Is Kraken?
Kraken is a San Francisco-based cryptocurrency exchange that was founded in 2011. You can use it to buy, sell, and exchange more than 200 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). You can deposit your account with fiat currencies like USD, EUR, GBP, and JPY.
The exchange has multiple options for trading. You can trade in spot market, margin with up to 5x leverage, and futures with up to 50x leverage. The exchange also hasa staking feature that allow you to earn rewards for holding specific cryptocurrencies.
Kraken has two primary interfaces for trading: the default Kraken platform and Kraken Pro. Kraken Pro is for professional traders, with more advanced charting features and reduced fees. The maker fees begin at 0.25%, and taker fees begin at 0.4%, reducing with increased trading volumes.
It also keeps 95% of deposits in cold storage offline wallets, utilizes two-factor authentication (2FA), and performs regular audits to check for asset holdings. Kraken serves more than 190 countries and adheres to local laws. But some services, such as staking, might be unavailable in some areas.
Kraken Pros
- Offers over 200 cryptocurrencies for global trading and investment access
- Strong security with cold storage, 2FA, and regular proof-of-reserves audits
- Advanced tools on Kraken Pro for experienced and high-volume traders
- Supports fiat deposits in multiple currencies like USD, EUR, and GBP
- Allows crypto staking with rewards on several popular coins and tokens
Kraken Cons
- Staking services are restricted in some countries, including some U.S. states
- Trading fees are higher compared to global exchanges like Binance and Bybit
What Is Coinbase? » …