Which is better, Kraken or Coinbase? Both are unquestionably among the most reputable trading venues on the Moon, giving ground only to the ultimate champion, Binance, in terms of 24-hour trading volume, offer services for both professional and novice traders, allow clients to buy cryptocurrency with a credit card, and have been present on the market for quite some time. If you want to trade on a liquid exchange with a large number of interesting currencies without worrying about the security of your cash, Coinbase Pro and Kraken are both excellent options. However, there are a few key differences, so keep reading to find out which one is best for you.
To appropriately portray the statistics of the Coinbase vs Kraken comparison, we have broken our extensive fact-based study results into 8 main areas. Take a look at the general overview table below for a quick Coinbase vs Kraken major statistic comparison. The overall score comparison of Coinbase vs Kraken cryptocurrency exchange indicates that Coinbase has a better overall score of 9.8, while Kraken has an overall score of 9.1. When it comes to ease of use, it’s evident that Coinbase offers a better and smoother user experience than Kraken in our Coinbase vs Kraken comparison.
Kraken is a cryptocurrency exchange and bank based in the United States that was created in 2011. The exchange facilitates cryptocurrency and fiat currency trading and delivers pricing data to Bloomberg Terminal.
When your order is performed (matched with another client’s order), we charge a fee. The charge ranges from 0% to 0.26 percent of the total cost (value) of your order and is determined by the following factors: The currency pair that is currently being exchanged. Your three-month trading volume (in USD) Whether you are the maker or the taker of your order.
Coinbase Global, Inc., also known as Coinbase, is an American corporation that runs a bitcoin trading platform. Coinbase is a remote-first company with no formal physical headquarters.
“The basic rate for all buy and sell transactions in the United States is 4%,” according to Coinbase. However, the rates vary depending on your location and payment type.
KRAKEN FEES VS COINBASE FEES
kraken vs coinbase fees
Maker-taker costs at Kraken are among the lowest in the industry. Coinbase’s maker-taker costs are roughly double that of Kraken, with a maximum of 0.50 percent vs. 0.26 percent.
One of the most significant variables to consider when comparing cryptocurrency exchanges is value for money, which indicates whether the brand provides appropriate quality for the price. In this situation, Coinbase outperforms Kraken in terms of value for money. It’s also helpful to consider the amount of active users. When comparing Coinbase vs Kraken, it is clear that Coinbase has a larger active user base, with over 13.3M users. Kraken, on the other hand, has around 4 million active users. When we look at the cryptocurrencies accepted by these exchanges, we can see that Coinbase accepts more coins than Kraken. It’s also critical to compare bitcoin exchange fees thoroughly. When this measure is compared in this Coinbase vs Kraken comparison, it is evident that Kraken has the lowest trading cost percentage of Up to 0.26 percent, while Coinbase comes in second with a charge of Up to 3.99 percent.