Kraken VS Coinbase are both US based, regulated and licensed Bitcoin and crypto exchanges. In addition, they both have many trading pairs, great trading volumes, amazing trading platforms and large customer bases.
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 Pro VS Coinbase Pro
Both Kraken and Coinbase are designed in a similar way regarding their Pro version. Both have an easy-to-use platform for instant buy and sell options which is beginner-friendly but comes with high fees.
In addition, both have created an advanced trading platform “Pro” version where order books are available with features like limit order and much more. Here, you pay lower fees and have access to a lot more features.
Kraken VS Coinbase Deposit Payment Fees
In the table below, you find Kraken VS Coinbase deposit payment fees.
In the table below, you can see the most common deposit methods and the associated fees. We have listed the lowest fee for each option. For example, there are wire transfer alternatives on Kraken that is not free. SEPA is the European Union alternative for fast and cheap transactions. Wire transfer usually refers to SWIFT in the US and are a bit more expensive and a bit slower. Credit/Debit cards are of course instant but it comes to a quite high cost, as you also can see in the table.
Once you have deposited, you might be interest in how to start trading on Kraken.
Kraken VS Coinbase - Cryptocurrency markets and Trading volume
Here, we have created a table for Kraken VS Coinbase when it comes to number of spot markets, number of cryptocurrencies listed, number of futures and perpetuals.
In addition, we compare the different 24H trading volumes.
Kraken VS Coinbase - Account and Login Security Measures
let’s compare the security measures in terms of account and login safety. In the table below, we have Kraken VS Coinbase and listed the most common features for account safety and prevent hacks.
Login Two-factor authentication 2FA: Two Factor Authentication is an extra layer of protection used to ensure the security of online accounts beyond just a username and password. It can be setup via Google Auth, Phone or Security Key (e.g. Yubikey).
Trading 2FA: 2FA confirmation every time you are placing an order.
Withdrawal 2FA: 2FA confirmation every time you ask for a withdrawal or whitelist a new withdrawal address.
Whitelist withdrawal addresses: Withdrawals can only be made to preset addresses and it is a 24h delay to add a new address or change an existing.
Security Key: Protect your account with a security key (e.g. Yubikey).
Device management: Manage devices allowed to access your account.
Anti Phishing: Protect your account from phishing attempts and ensure that your notification emails are from Coinbase or Kraken
Kraken VS Coinbase - Fees
Both Kraken and Coinbase have around 60 cryptocurrencies listed. However, they are not exactly the same cryptocurrencies.
It’s obvious why it´s important to check what markets are available with a specific crypto exchange since you probably know what crypto you want to buy and need to check, whether or not, it is listed.
The best way to search for a specific cryptocurrency is to
- Go to Coingecko or Coinmarketcap
- Search for the cryptocurrency
- Click on the markets tab
- Here, you will find all the available markets, on what exchanges the crypto is trading, volume and spread.
Usually, the spread is around 0.01 and 0.05% on the large markets and the large exchanges. However, if you are about to trade smaller coins the spread is important to check. Often, the spread is lower if the trading volume is larger but that is not always true either. You will see the spread at Coingecko and Coinmarketcap as well. However, when you have learned about what the spread is, you will understand that this is dynamic and changes all the time.
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 most important fee to look at is the exchange fee or spot trading fee since this is a reoccurring fee.
Also, deposit fees and withdrawals fees can be important to compare if you plan to make many deposits or withdrawals. However, deposits are usually less frequent performed than exchanges.
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 - Exchange Fees
Fees can be complicated to compare in a table format. For example, Coinbase is charging a minimum amount for small trades and the maker and take fee is dynamic and dependent on your 30 day average trading volume.
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 70 million verified users, 7000 institutions, and 115.000 ecosystem partners in over 100 different countries.
Kraken VS Coinbase - US Regulation and Security Review
Both Kraken and Coinbase have very high security standards and both are transparent with their security.
Both Kraken and Coinbase are regulated and licensed crypto exchanges based in the US.
They allow for US traders and customers. Below, you can find more specific information regarding regulation and security standards. Security standards for their infrastructure, or back-end security, is very hard to find information about since this would give potential hackers more information.
However, login and account security features are easy tom compare.
Is Kraken US regulated?
Yes, Kraken comply with legal and regulatory requirements in US and all jurisdictions where Kraken operates.
Kraken is regulated by FinCEN. Kraken client funds are held directly by clients in their own bank accounts at our partner banks, which are heavily regulated. Kraken Bank is regulated by the Wyoming division of banking.
Kraken is registered as a Money Services Business (MSB) with:
FinCEN in USA — registration number 31000176593851.
FINTRAC in Canada — registration number M19343731.
Read more about Kraken regulations.
Is Coinbase US regulated?
Yes. Coinbase complies with all applicable laws and regulations in each jurisdiction in which it operates.
Coinbase is also registered as a Money Services Business with FinCEN.
Read more about Coinbase regulations.
Kraken and Coinbase Login and Account 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.
Kraken VS Coinbase - Compatible Crypto Trading Bots
In the table below, you will find some of the most popular crypto trading bots ans their compatibility with Kraken and Coinbase. See our full article about crypto trading bots.
Kraken VS Coinbase on YouTube
See a Coinbase VS Kraken comparison by the most popular crypto Youtuber, Coin Bureau.