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Is Kraken better than Coinbase?

Kraken offers lower fees and advanced features like futures trading, while Coinbase boasts a user-friendly interface and wider cryptocurrency selection; the best choice depends on individual experience and needs.

Mar 21, 2025 at 04:16 pm

In the cryptocurrency trading space, Kraken and Coinbase are both highly-received platforms. Investors often struggle when making choices: Is Kraken better than Coinbase? This article will compare multiple key aspects to help you make informed decisions.

Transaction fees: Kraken has a better advantage

Kraken's transaction fees are relatively low, with Maker (pending orders) fees ranging from 0% to 0.25%, and Taker (eating orders) fees ranging from 0.10% to 0.40%. For credit card purchases, the fee is 3.75% + €0.25, while for ACH purchases it is 0.5% plus 0.9% or 1.5%. In contrast, Coinbase has higher transaction fees, with Maker fees ranging from 0.00% to 0.40% and Taker fees ranging from 0.05% to 0.60%. Credit card purchase costs 3.99% and 1.49% through Coinbase USD wallet or bank account. If you trade frequently, Kraken's lower fees can save you a lot of money.

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Safety: Both have their own advantages

Kraken adopts a variety of security measures such as 2FA withdrawal email confirmation, offline cold storage, strict monitoring, precise API key permission control, SSL encryption, and master key and global settings locking (GSL). Coinbase also values security, with two-step verification, biometric fingerprint login, insurance when the platform is compromised, FDIC insurance dollar balance, and AES-256 encryption for digital wallets. Overall, both have reliable security mechanisms to protect user assets.

Supported cryptocurrency types: Coinbase is slightly better

Kraken supports over 200 cryptocurrencies, while Coinbase supports over 240. While the gap is not large, Coinbase offers more options in this regard and may be more attractive to investors who want to trade multiple different cryptocurrencies.

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Trading function: Kraken has more functions

Kraken not only supports common buying, selling, receiving and redemption functions, but also provides futures trading to meet the needs of investors with higher risk preferences and trading strategies. Coinbase mainly supports basic trading, sending, receiving and redemption transactions. If you have a need for complex trading such as futures, Kraken will be a better choice.

User experience: Coinbase is more suitable for beginners

Coinbase is known for its simple and easy-to-use interface, which is easy to get started for beginners who are new to cryptocurrency trading. It also provides convenient fund deposit and withdrawal options such as PayPal. Kraken's interface is friendly to experienced traders, but may be a little more complicated for beginners, and its verification time is longer, which also has restrictions on users in some states in the United States.

Regulation and compliance: face different situations

In November 2023, the Securities and Exchange Commission (SEC) sued Kraken for violating a number of regulations, including mixing client funds with corporate funds and operating unregistered stock exchanges, clearing agencies, traders and brokers. In February 2023, Kraken agreed to pay a $30 million fine and close its pledge business in the United States to settle. Coinbase has also faced regulatory scrutiny, but it is still operating normally. Regulatory factors also need to be taken into account when selecting a platform.
To sum up, Kraken performs better in transaction fees and trading functions, and is suitable for investors who are experienced and pursue low-cost and diversified trading. Coinbase is more suitable for novice investors with its rich currency selection, good user experience and convenient funding options. Therefore, it cannot be simply said that Kraken is better than Coinbase, but rather choose a platform that suits you more according to your personal investment goals, trading experience and needs.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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