Kraken vs Coinbase: Which is better? Both companies offer a variety of options for trading and depositing cryptocurrencies. You can use Kraken’s web and mobile platforms, and you can also use their affiliate program to make money. However, Coinbase does have an edge over Kraken when it comes to regulatory oversight. In addition, both companies have similar features and pricing. If you’re looking for a good place to buy and sell cryptocurrencies, you should consider using Coinbase instead.
In addition to comparing prices, you should also compare security measures. Both exchanges charge fees for making and withdrawing transactions, but Kraken has no fee for sending funds via email or wire. Coinbase charges around 2.5% for instant withdrawals, and it has no limit on deposits. Using an exchange isn’t the best idea for long-term storage of your cryptos, because it can be hacked or seized by the government. Software wallets and hardware wallets are much safer and have no fees at all.
If you want to make deposits without a broker or bank, both Kraken and Coinbase offer this option. Both services have a variety of deposit options, and you can also use ACH or wire transfer to fund your account. Both sites are free to use, but it’s worth knowing what they can offer before signing up. If you aren’t sure which is right for you, check out these comparisons to see which one suits your needs best.
Kraken offers better support. Both websites have 24/7 live chat support. Compared to Coinbase, Kraken offers a 30-minute response time on average. Similarly, both exchanges offer a similar registration process and provide the same services. In addition, both exchanges have the same set of tools to help customers trade digital assets. If you’re a beginner, though, Coinbase may be the better option.
Among cryptocurrency exchanges, Kraken has a reputation for offering more features. Its users are protected by robust security measures. Its servers are located in cages under 24-hour armed surveillance and 95% of digital assets are stored on its servers. Its US-based location ensures high legal compliance and a secure platform for its investors. If you’re not familiar with these terms, take a look at some of the most common cryptocurrencies on each platform.
Coinbase has a low minimum deposit compared to Kraken. While Coinbase accepts all major credit and debit cards, Kraken allows users to deposit and withdraw funds with no minimum. It also offers a wide range of payment methods, including a plethora of e-wallets. If you’re a beginner, you’ll probably find Coinbase easier to use, but don’t let this be a deciding factor.