which is better kraken or coinbase

With lower trading fees and a comprehensive selection of over 160 cryptocurrencies, Kraken emerges as the superior choice compared to Coinbase, offering traders a more advantageous and versatile platform.

Oct 30, 2024 at 06:11 am

Which is Better: Kraken or Coinbase?

Kraken and Coinbase are two of the most popular cryptocurrency exchanges in the world. Both offer a wide range of features and services, but there are some key differences between the two.

1. Fees

Kraken has lower trading fees than Coinbase. For example, Kraken charges a 0.16% maker fee and a 0.26% taker fee, while Coinbase charges a 0.50% maker fee and a 0.99% taker fee.

2. Selection of cryptocurrencies

Kraken offers a wider selection of cryptocurrencies than Coinbase. As of July 2023, Kraken supports over 160 cryptocurrencies, while Coinbase supports over 100 cryptocurrencies.

3. Security

Both Kraken and Coinbase have strong security measures in place. However, Kraken has a slightly better reputation for security than Coinbase. In 2016, Coinbase was hacked and lost $150 million worth of customer funds. Kraken has never been hacked.

4. Customer support

Kraken has a good reputation for customer support. The company offers 24/7 support via email, chat, and phone. Coinbase also offers 24/7 support via email and chat, but the company has a poor reputation for customer service.

5. Features

Kraken offers a number of features that Coinbase does not. These features include:

• Margin trading
• Futures trading
• Staking
• Over-the-counter (OTC) trading

Conclusion

Kraken and Coinbase are both good cryptocurrency exchanges. However, Kraken has lower fees, a wider selection of cryptocurrencies, better security, and more features than Coinbase. As a result, Kraken is the better choice for most cryptocurrency traders.

Overall Ranking

1. Kraken
2. Coinbase