Kraken vs Crypto.com: Do We Have A Clear Winner? 🏆

kraken vs crypto com image
Jack Moreau
Nov 2023
4 min to read
Faits vérifiés

Kraken vs Crypto.com: In this comparison we compare these two exchanges across a range of variables such as trading fees, product range, country availability, deposit methods and much more!

OKX

+350 cryptos & 100X Leverage

Spot, Margin, Perps, Options

0.8% spot trading fee

Great UX & Easy To Use

Visit OKX
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Uphold

+300 cryptos & Staking

Fast & Free Bank Deposits

Regulated: US, CA, EU, UK, AU

100% Proof Of Reserves

Visiter Uphold
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.

Kraken vs Crypto.com: Overview

Kraken
Crypto.com
OKX
Founded
2011
2011
2017
Enregistré
San Fransisco
Singapour
Hong Kong
Pays N/A
OFAC
China, Albania, Ecuador, Moldova
US, CA
Utilisateurs
10M
50M
20M
Cryptos
+220
+250
+350
Frais de dossier
0.16%
0.075%
0.08%
KYC requis
Yes
Yes
Yes
Meilleur pour
Beginners & Security
Very Low Spot Fees
NĂ©gociation au comptant et Ă  terme
Evaluation
S'inscrire
Kraken
Your Capital is at risk.
Crypto.com
Your Capital is at risk.
OKX
Your Capital is at risk

‍Kraken exchange is a prominent American exchange that was launched in 2011 by Jesse Powell, and has established itself as one of the safest exchanges in the world.

Kraken exchange
Kraken exchange

Kraken has gained significant traction in the market, with over 9 million users primarily based across North America and Europe and presence in 190 countries.

Users on Kraken can engage in spot trading for over 200 cryptocurrencies, including popular options such as Bitcoin, Ethereum, Solana, Polkadot, Cosmos, Arbitrum and many others.

In addition to spot trading, Kraken offers margin trading and futures trading, enabling users to speculate on the price movements of cryptocurrencies through futures contracts.

The exchange has implemented industry-standard security measures and complies with regulatory requirements, which provides an added layer of confidence and peace of mind to it's users.

The platform is designed to be intuitive and easy to navigate, making it accessible to both beginners and experienced traders.

Additionally, Kraken offers a mobile app that has been downloaded over 1 million times and has received a strong 4.3-star rating based on 20,000 reviews.

Kraken app
Kraken app

Similar to Kraken, Crypto.com is also available in over 180 countries but has a much larger user base of over 80 million users across the United States, Canada, Europe, and Asia.

One of the key features of Crypto.com is its comprehensive exchange platform which provides users with access to a diverse array of services, including spot and margin trading, staking, lending, wallet services, and more.

Crypto.com exchange
Crypto.com exchange

The platform is designed to be intuitive and easy to navigate, providing a seamless trading experience.

Additionally, Crypto.com offers a mobile application available on both Android and iOS, which has garnered over 10 million downloads and maintains an impressive 4.6-star rating based on over 400,000 user reviews.

Crypto.com app
Crypto.com app

With over 250 cryptocurrencies available for trading, including popular options like Bitcoin and Ethereum, Crypto.com offers a wide selection of assets for users to diversify their portfolios and explore various investment opportunities.

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.

Kraken KYC
Kraken KYC

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 is a well-established cryptocurrency exchange with a reputation for robust security in the digital asset trading space.

Catering to a diverse clientele that includes retail investors, seasoned traders, and institutions, Kraken's versatility is exemplified by its four distinct user interfaces: Kraken, Kraken Classic, Kraken Pro, and the NFT Marketplace.

Kraken Dashboard
Kraken Dashboard

The primary Kraken interface is ideal for newcomers to the crypto world. It offers an intuitive and straightforward platform for exploring, buying, selling, receiving, and sending cryptocurrencies.

On the other hand, Kraken Classic provides a comprehensive dashboard with access to a wide range of products, account settings, and an overview of security features.

Kraken Classic
Kraken Classic

For advanced traders, Kraken Pro is the go-to choice, offering a more sophisticated range of products.

Kraken's spot trading orderbook enables trading in over 220 cryptocurrencies, including popular ones like BTC, ETH, SOL, and ATOM.

Kraken Spot Trading
Kraken Spot Trading

While the selection may be more limited compared to some exchanges, it covers most major cryptocurrencies. The platform also offers margin trading with up to 5X leverage for over 100 digital assets, allowing users to take long or short positions.

Kraken Cryptocurrencies
Kraken Cryptocurrencies

A recent addition to Kraken's offerings is futures products. With more than 90 perpetual contracts available, traders can take advantage of low fees and leverage up to 50X.

Kraken Futures Trading
Kraken Futures Trading

These contracts vary in maturity, including monthly, quarterly, and semi-annual options, and traders have the choice of using isolated or cross margin.

Kraken Perpetual Contracts
Kraken Perpetual Contracts

Kraken also includes an analytics section which provides traders with valuable data points to inform their trading strategies.

Kraken Analytics
Kraken Analytics

In terms of trading volumes, Kraken ranks in the top 20 globally for 24/7 spot trading, often surpassing $1 billion. However, its derivatives trading volume is lower typically ranging between $50 and $100 million.

Kraken Trading Volumes
Kraken Trading Volumes

For crypto investors looking to use their assets, Kraken offers staking services for over 20 cryptocurrencies, including ALGO, ADA, ATOM, ETH, MATIC, DOT, SOL, and MINA.

Kraken Staking
Kraken Staking

Additionally, eligible Kraken users can earn interest on stablecoins like USDT and USDC, as well as fiat currencies such as USD and EUR, with interest rates ranging from 3% to 5%.

Kraken Earn
Kraken Earn

Kraken's NFT Marketplace supports NFTs on Ethereum, Solana, and Polygon networks, featuring over 250 digital collections. Notably, some trades incur zero fees.

Kraken NFTs
Kraken NFTs

As a U.S.-based exchange, Kraken adheres to stringent transparency and accountability standards, a contrast to many offshore exchanges. The company regularly provides proof of reserves, ensuring all user funds are accounted for.

Kraken OTC Desk
Kraken OTC Desk

Kraken also addresses the needs of high net worth individuals and institutional clients through its OTC Desk.

This service facilitates large private trades, offering quotes for orders ranging from $100,000 to $1 million, and operates with 24/7 availability.

Crypto.com margin trading
Crypto.com margin trading

As for Crypto.com, they offer a comprehensive offering of over 250 cryptocurrencies, 500 spot trading pairs and more than 100 futures, perpetual contracts, and warrants.

Crypto.com Cryptocurrencies
Crypto.com Cryptocurrencies

Crypto.com ensures that traders have access to a diverse selection of products and digital assets for their investment and trading strategies.

Crypto.com USPs
Crypto.com USPs

Crypto.com also ranks among the top 20 exchanges in terms of liquidity. The daily spot trading volumes on the platform typically range from $100 million to $300 million, providing traders with sufficient liquidity to execute their trades efficiently.

Crypto.com Perpetual Markets
Crypto.com Perpetual Markets

When it comes to leverage, Crypto.com offers a maximum leverage of 20x for futures trading, allowing traders to amplify their potential profits or losses. For spot trading, the platform supports margin leverage of up to 3x.

One different aspect of Crypto.com is its inclusion of trading bots, which assist users in executing various trading strategies with ease.

Crypto.com DCA Bots
Crypto.com DCA Bots

These bots offer basic functionalities such as dollar cost averaging and grid trading, enabling traders to automate their trading activities and enhance their overall trading experience.

Crypto.com Visa card
Crypto.com Visa card

Additionally, Crypto.com provides beginner-friendly features like lending and borrowing of digital assets, Crypto.com cards with cashback rewards, and the opportunity to participate in the burgeoning market of non-fungible tokens (NFTs).

Crypto.com earn
Crypto.com earn

Recognizing the importance of catering to institutional clients, Crypto.com offers an over-the-counter (OTC) desk to facilitate large-scale trades for institutions and high-net-worth individuals.

Crypto.com OTC
Crypto.com OTC

In terms of user experience, Crypto.com strives to provide a seamless and intuitive platform. With its wide variety of products and services, users have access to a comprehensive suite of trading tools and features.

Kraken
Crypto.com
OKX
Commerce au comptant
Yes
Yes
Yes
Futures
Yes
Yes
Yes
Perpètes
Yes
Yes
Yes
Marge
Yes
Yes
Yes
Options
-
-
Yes
Desk OTC
Yes
Yes
-
Copy Trading
-
-
Yes
Bots de trading
-
Yes
Yes
Staking
Yes
Yes
Yes
PrĂŞter et emprunter
Yes
Yes
Yes
NFTs
Yes
Yes
Yes
Portefeuille Web 3
-
Yes
Yes
Carte de débit
-
Yes
-
S'inscrire
Kraken
Your Capital is at risk.
Crypto.com
Your Capital is at risk.
OKX
Your Capital is at risk

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.

Crypto.com Spot Fees
Crypto.com Spot Fees

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%.

Kraken spot fees
Kraken spot fees

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%
S'inscrire
Kraken
Your Capital is at risk.
Crypto.com
Your Capital is at risk.
OKX
Your Capital is at risk

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.

Kraken fiat deposits
Kraken fiat deposits

On the other hand, Crypto.com only supports USD and EUR 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
Virement bancaire, Visa/MC
-
EUR
Etana, SEPA, Wire
SEPA
-
GBP
Etana, FPS, CHAPS, BACS
-
-
S'inscrire
Kraken
Your Capital is at risk.
Crypto.com
Your Capital is at risk.
OKX
Your Capital is at risk

How to withdraw from Kraken and Crypto.com?

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.

Kraken Crypto Withdrawals
Kraken Crypto Withdrawals

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, Fedwire, SWIFT, Signet
Virement bancaire, Visa/MC
-
EUR
SEPA, Swift
SEPA
-
GBP
FPS, CHAPS, SWIFT
-
-
S'inscrire
Kraken
Your Capital is at risk.
Crypto.com
Your Capital is at risk.
OKX
Your Capital is at risk
Kraken
Crypto.com
OKX
Bitcoin
0.0002 BTC
0.0005 BTC
0.0002 BTC
Ethereum
0.003 ETH
0.005 ETH
0.0014 ETH
Solana
0.01 SOL
0.0005 SOL
0.008 SOL
USDT (ERC-20)
5 USDT
10 USDT
3,8 USDT
S'inscrire
Kraken
Your Capital is at risk.
Crypto.com
Your Capital is at risk.
OKX
Your Capital is at risk

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
OKX

+350 cryptos & 100X Leverage

Spot, Margin, Perps, Options

0.8% spot trading fee

Great UX & Easy To Use

Visit OKX
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Uphold

+300 cryptos & Staking

Fast & Free Bank Deposits

Regulated: US, CA, EU, UK, AU

100% Proof Of Reserves

Visiter Uphold
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Auteur
Jack Moreau
Jack est un écrivain et un critique de crypto-monnaie qui a été actif dans l'espace depuis qu'il a attrapé le bug de la crypto-monnaie en 2017. Avec une passion pour l'essai de nouvelles choses brillantes, Jack est toujours désireux d'essayer les derniers échanges de crypto-monnaies, portefeuilles ou applications DeFi.

Plus de comparaisons de bourses