Coinbase vs Kraken

Coinbase vs Kraken: Which is the Best Exchange?

Before you make the big decision of choosing one exchange over another, you must have all the information possible. You need to understand what each exchange offers so that you can pinpoint your needs and wants better.

If you’re wondering which is better for your needs – Coinbase or Kraken, we have taken the time to compare both exchanges in detail so that crypto beginners like yourself don’t get lost at sea when choosing an exchange.

You’ve decided that Coinbase or Kraken are the perfect exchange for your needs, but how do you decide? There are many aspects of each platform that should be considered when comparing them – such as fees, security and ease of use. Find out what these differences in quality have on your wallet!

Coinbase Vs Kraken: The main difference

Coinbase and Kraken are two of the most popular cryptocurrency exchanges. They both offer a variety of features, but there are some key differences between them. the main difference between Coinbase and Kraken is that Coinbase is easier to use and has a mobile app, while Kraken is more geared towards experienced traders. Security is great on both exchanges, but customer support is better on Coinbase.

Additionally, Coinbase only supports 5% of ACH purchases, whereas Kraken supports all ACH purchases. However, Coinbase provides 2FA email confirmation for withdrawals and air-gapped cold storage for security. In addition, Coinbase has precise API key permission control and SSL encryption. Lastly, Coinbase offers send and receive transactions as well as future trading. Kraken also offers buy and sell transactions, as well as send and receive, but does not offer future trading.

Coinbase is a user-friendly exchange that has great customer service. They offer a $5 in free Bitcoin promotion when you sign up and they have over 40 countries supported with 100 cryptocurrencies.

Coinbase is a good choice for those who are just starting out in the world of cryptocurrency. It offers competitive pricing and it is very easy to use, with PayPal being one of the withdrawal/selling options. The downside, however, is that Coinbase charges 49% when users want to convert their USD into cryptocurrencies or vice versa. Additionally, Coinbase only supports transactions in Buy, Sell, Send and Receive mode – it does not support exchange functions.

Kraken vs. Coinbase: Features

  • Each cryptocurrency exchange caters to industry investors and first-timers alike.
  • Both Kraken and Coinbase offer convenience, lower fees and additional services.
  • U.S. traders with international access can use both exchanges
  • Margin trading on Kraken and Coinbase is available.
  • Customer service: Global service is available around the clock for both platforms via live chat.
  • Both offer help center guides and question-and-answer centers
  • Kraken offers margin trading with up to five-times leverage, which is average in the industry
  • There are two exchanges with highly-rated apps.
  • Kraken offers Cryptowatch, which is a trading terminal that analyzes and generates data on over 2,000 cryptocurrency markets.
  • Coinbase has an added feature, as well: Alerts via mobile app, Provides users with a hot wallet
  • Ideal for traders that transfer between various fiat currencies and cryptocurrencies

On the other hand, Kraken is an ideal exchange for traders that frequently transfer between various fiat currencies and cryptocurrencies. Additionally, Kraken offers its clients a digital wallet to store their cryptocurrencies. Although, unlike Coinbase, Kraken does not provide personal wallets for its clients.

Kraken vs. Coinbase: Currencies

  • Both exchanges support USD, EUR, CAD, AUD, GBP and JPY
  • 120 cryptocurrencies available for trade on Coinbase; 97 on Kraken
  • Each provider offers different choices of what is available for trade. For instance: Flow (FLOW) and Icon (ICX) on Kraken but not Tron (TRX) or Siacoin (SC) on Coinbase
  • Both platforms allow you to buy cryptocurrency in dollar amounts
  • Coinbase has a $2 minimum order while Kraken measures the minimum purchase amount in BTC
  • Supported cryptocurrencies: Bitcoin, Ethereum, Uniswap, Cardano, Chainlink, and Compound

Kraken vs. Coinbase: Security

When it comes to cryptocurrency exchanges, security is one of the most important factors to consider. In this section, we will compare and contrast the security measures of Coinbase and Kraken. We will also look at the overall user experience on each exchange.

  • Both platforms have strong security track records, and neither has had any significant breaches.
  • Kraken stores 95% of assets in guarded air-gapped cold storage and has strict surveillance across the entire platform and multiple checkpoints throughout the signup process.
  • Coinbase keeps 98% of deposits in offline, geographically distributed cold storage.
  • FDIC insures up to $250,000 cash balance
  • Pretty good privacy (PGP): Each platform guides you through setting up PGP encryption for online communications with the exchange.
  • 2FA: Kraken and Coinbase offer 2FA for withdrawals and transfers.
  • Authenticator apps: Another option for 2FA is authenticator apps such as Google Authenticator

Kraken vs Coinbase Fees

They both offer a variety of features, such as low fees and strong security protection. However, they differ in terms of fees. For example, Coinbase charges 0% to 0.26% per trade, while Kraken charges 0% to 0.26% per trade, 3.75% + €0.25 for credit card purchases, and 0.5% plus 0.9% or 1%. Additionally, Coinbase has a deposit and withdrawal limit of $100,000 daily, while Kraken has a deposit and withdrawal limit of $100,000 daily.

Kraken vs Coinbase: Which is right for you?

Coinbase and Kraken are two of the most popular cryptocurrency exchanges. They both offer a variety of features, but which one is right for you? If you’re looking to trade cryptocurrencies and also want to store them with the same company, Coinbase is your best option. However, if you’re only interested in trading cryptocurrencies, Kraken is a better choice.

They offer a variety of features that make them competitive options for trading cryptocurrencies. For example, Kraken offers more than 80 different cryptocurrencies to trade and supports staking different cryptocurrencies. However, it is not ideal for New York or Washington state residents. Coinbase supports more than 100 countries and has a Coinbase Earn feature that pays you in crypto for learning about different assets.


What Are Kraken and Coinbase?

Kraken and Coinbase are two of the most popular cryptocurrency exchanges on the market. They offer a variety of features, such as buying, selling and trading cryptocurrencies. Kraken was founded in 2011, while Coinbase was founded in 2012.

How Do Kraken and Coinbase Work?

Kraken and Coinbase are two of the most popular cryptocurrency exchanges available. They both offer a wide variety of altcoins to invest in, but Kraken has more restrictive measures for setting up an account, verifying it, and adding funds. Coinbase is much easier to use in this regard. Both platforms require two-step authentication, with email address confirmation being the most common way to complete it. For identification purposes, Coinbase also accepts approved forms of identification such as driver’s licenses and passports.

Is Kraken or Coinbase Good for Beginners?

When it comes to beginner-friendly exchanges, Kraken and Coinbase are two of the most popular options. We recommend Coinbase for beginners. Both exchanges offer a variety of learning tools, user experiences that are similar for those without much crypto trading knowledge, and relatively low fees (though Coinbase’s percentage-based fee starts at 1.49%).

However, one advantage that Kraken has over Coinbase is convenience – with Kraken, users can deposit and withdraw fiat currencies directly to/from the exchange, while Coinbase users must first send their funds to a wallet service provided by the exchange. This may make Coinbase better suited for those who trade volume on a regular basis.

Can I transfer from Coinbase to Kraken?

You can transfer your crypto from Coinbase to Kraken, and there are a few reasons you may want to do this. For one, Coinbase is known for being more user-friendly and has a wider range of payment options, while Kraken is geared towards more experienced traders and offers a variety of features like margin trading. Additionally, Coinbase charges higher fees than Kraken, so transferring to Kraken could save you money.

Are Kraken fees cheaper than Coinbase?

Kraken has lower trading and non-trading fees than Coinbase. In fact, Kraken’s fees are so much lower that it makes them the cheaper platform to use when it comes to exchanging cryptocurrencies.

Kraken and Coinbase Pro have the same fee structures, where users with larger 30-day trading volumes will gain access to lower fees. However, Kraken has lower fees than Coinbase Pro.

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