Kraken vs Crypto.com: Who Is Really The Best?

Jack Moreau
Mar 2023
4 min to read
Fact checked

Introduction: If you are wondering whether Kraken would beat Crypto.com in a heads up battle, you have come to the right place. In this breakdown we compare these two exchanges across a range of variables such as fees, deposit methods and much more. Once you have finished reading this comparison, you will have a better idea of the pros and cons of Kraken and Crypto.com.

Kraken vs Crypto.com: Overview

Kraken
Crypto.com
OKX
Founded
2011
2011
2017
Registered
San Fransisco
Singapore
Hong Kong
Countries N/A
-
China, Albania, Ecuador, Moldova
US
Users
10M
50M
20M
Cryptos
+200
+250
350
Spot Fees
0.16%
0.075%
0.1%
KYC Required
Yes
Yes
No
Best for
Cheap Spot Trading
Very Low Spot Fees
Spot & Futures trading
Rating

Kraken and Crypto.com are two of the largest and most well-known cryptocurrency exchanges in the world. Kraken, founded in 2011 in San Francisco, boasts 2000 employees and is available in 190 countries with 9 million users. Its app has been downloaded 1 million times.

Crypto.com, on the other hand, was founded in 2016 in Singapore and has 4000 employees. It's available in 180 countries and has 50 million users, with 10 million downloads of its app.

Kraken vs Crypto.com: Signup & KYC

If you're looking to sign up for a cryptocurrency exchange, you might be wondering about the verification process. When it comes to Kraken and Crypto.com, both exchanges require KYC verification to ensure the security of their platform.

The good news is that signing up for Kraken takes less than a minute, and basic verification can be completed in less than 2 minutes. On the other hand, Crypto.com's sign-up process generally takes less than ten minutes, but users will need to provide their full legal name and a picture of a government-issued ID for KYC verification.

Kraken vs Crypto.com: Products & Services

Kraken and Crypto.com are two of the most popular and widely used cryptocurrency exchanges on the market. Kraken is a more traditional exchange, offering a range of trading options such as spot, futures, options and margin trading. Crypto.com being a more of an all-in-one platform, offer the same trading services as Kraken but also offers features such as copy trading, trading bots, and lending and borrowing.

Kraken's maximum leverage of 50x is higher than Crypto.com's 20x, but Crypto.com offers a higher margin leverage of 10x compared to Kraken's 5x. These factors make Kraken the better choice for experienced traders looking for higher leverage, while Crypto.com is ideal for those looking for a more diverse range of features.

Kraken
Crypto.com
OKX
Spot Trading
Yes
Yes
Yes
Futures
Yes
Yes
Yes
Perps
Yes
Yes
Yes
Margin
Yes
Yes
Yes
Options
-
-
Yes
OTC Desk
-
Yes
-
Copy Trading
-
-
-
Trading Bots
-
Yes
Yes
Staking
Yes
Yes
Yes
Lend & Borrow
-
Yes
Yes
NFTs
Yes
Yes
Yes
Web 3 Wallet
-
Yes
Yes
Debit Card
-
Yes
-

Kraken Fees vs Crypto.com

For spot trading, Kraken offers a maker fee of 0.16% and a taker fee of 0.26%, while Crypto.com charges 0.075% for makers and 0.075% for takers. In terms of futures trading, Kraken's maker fee is 0.02% and taker fee is 0.05%, while Crypto.com's maker fee is 0.017% and taker fee is 0.034%.

Thus, it is evident that Crypto.com offers lower trading fees for both spot and futures trading when compared to Kraken. This makes Crypto.com a better option for traders who want to save on trading fees.


Kraken
Crypto.com
OKX
Spot (mkr)
0.16%
0.075%
0.08%
Spot (tkr)
0.26%
0.075%
0.10%
Futures (mkr)
0.02%
0.017%
0.02%
Futures (tkr)
0.05%
0.034%
0.05%

Kraken vs Crypto.com: Deposit Methods

Kraken and Crypto.com offer different deposit methods for users. Kraken supports 7 fiat currencies, including USD, EUR, CAD, AUD, GBP, CHF, and JPY, with deposit methods like Fedwire, SWIFT, ACH, SEPA, and FPS. Users can make free ACH deposits for USD, EUR and CAD.

On the other hand, Crypto.com only supports USD deposits via wire transfer and has a $0 deposit fee for wire transfers and USD bank transfers. In this category, Kraken offers a much better user experience with a wider range of fiat currencies and deposit methods available to its users.

Kraken
Crypto.com
OKX
USD
ACH, Etana, SWIFT, Wire
Bank transfer, Visa/MC
Bank transfer, Visa/MC, SWIFT
EUR
Etana, SEPA, Wire
Bank transfer, Visa/MC, SEPA
Bank transfer, SEPA, Visa/MC
GBP
Etana, FPS, CHAPS, BACS
Bank transfer, VIsa/MC, SEPA
Bank transfer, Visa/MC

Kraken vs Crypto.com: Withdrawal Methods

Kraken has once again a bit advantage when it comes to fiat withdrawals compared to Crypto.com. Kraken offers withdrawals in all 7 fiat currencies they support with multiple withdrawal methods such as ACH, SEPA, SWIFT, and FPS. The withdrawal fee ranges from free to 0.9 EUR (SEPA), $4 (SWIFT), and 1.95 GBP (FPS) depending on the method. Crypto.com only supports USD withdrawals via bank transfer, but with one upside, it's free of charge.

Kraken
Crypto.com
OKX
USD
ACH, Etana, SWIFT, Wire
Bank transfer, Visa/MC
Bank transfer, Visa/MC, SWIFT
EUR
SEPA, Swift
SEPA
-
GBP
FPS, CHAPS, SWIFT
Faster Payment Service
-
Kraken
Crypto.com
OKX
Bitcoin
0.0001 BTC
0.0001 BTC
0.0002 BTC
Ethereum
0.0035 ETH
0.04 ETH
0.00061 ETH
Solana
USDT (ERC-20)
3.55 USDT
10 USDT
0.8 USDT

Is Kraken better than Crypto.com?

You should go with Kraken if:

  • You want to buy and sell over 190 cryptocurrencies
  • You want to access to more fiat deposit and withdrawal options
  • You want to trade on a FinCEN regulated exchange

You should go with Crypto.com if:

  • You want to buy and sell over 250 cryptocurrencies
  • You want low trading fees (0.075% spot fees)
  • You want access to many products and services
Kraken

Available in 190 countries

+190 cryptocurrencies to buy

Licensed and regulated

World class security

Visit Kraken
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Crypto.com

+250 cryptocurrencies.

0.075% trading fees.

High security standards.

Crypto.com debit card.

Visit Crypto.com
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.

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