Kraken VS Coinbase, both are giant, US based, bitcoin and crypto exchanges.
However, is Kraken better than Coinbase?
We will discuss number of listed cryptocurrencies, number of users, exchange fees, user friendliness, mobile apps, trading features and more.
Kraken VS Coinbase - Listed Cryptocurrencies
Kraken VS Coinbase - Fees
In general, Coinbase have high fees and Kraken has lower fees. However, there are so many different fees applied on a crypto exchange that its hard to make general comparisons.
The main fees are exchange fees, deposits and withdrawal fees.
At Kraken exchange fees are dependent on what currency you trade, what your 30-day average trading volume is and if your order is maker or taker.
Coinbase has also a complex fee structure that is dependent on the liquidity on the Coinbase pro exchange.
Read more about Coinbase and Kraken fees in our dedicated article.
Kraken VS Coinbase - Number of users
Kraken was founded already in 2011 and is one the world’s biggest crypto exchanges.
Kraken has more than 6 million users and is the fourth-largest exchange by trading volume, according to CoinMarketCap data, after Binance, Huobi and Coinbase Pro.
Coinbase was founded in 2012 and serves customers from all around the world.
Coinbase have over 56 million verified users, 7000 institutions, and 115.000 ecosystem partners in over 100 different countries.
Kraken VS Coinbase - Security Review
Both Kraken and Coinbase have very high security standards and both are transparent with their security.
At Kraken, 95% of all deposits are kept in offline, air-gapped, geographically distributed cold storage.
At Coinbase, 98% of all funds are kept in cold storage.
Why don’t they keep 100% in cold storage?
The small percentage that is not stored in cold storage is used for trading and serve as liquidity.
Kraken and Coinbase security features
Of course, both Kraken and Coinbase are offering the standard security features, such as,
- 2 factor authentication
- SSL encryption
- Customizable API key permissions
- Whitelisting feature (Coinbase)
- Global setting time lock (Kraken)
- Coinbase vault (Multisign and 48h delay)
Read more about Coinbase security features and how to make your Coinbase account more secure.
Read more about Kraken security features.