![]() Kraken charges a 0.16% maker fee and a 0.26% taker fee for trades of $50,000 or less based on your activity within the last 30 days. If you opt for Kraken Pro, the fees are lower. If you use a credit or debit card, additional fees apply. With Kraken’s “Instant Buy,” which allows you to buy crypto quickly, the exchange charges a fee of 0.9% for stablecoins and 1.5% for other cryptos. Coinbase Advanced Trade starts by charging maker and taker fees of 0.6% and 0.4%, respectively, which also go down as your trading volume goes up. The basic Coinbase platform has a nebulous fee structure with “spread fees.” But it roughly equates to about 0.5% of each transaction to buy and sell crypto.įees go down as your monthly trading volume goes up. Coinbase: DifferencesĪs you compare Kraken and Coinbase, keep in mind these two companies have some considerable differences in their users. Kraken is unavailable in New York or Washington, and Coinbase is unavailable in Hawaii. Kraken and Coinbase are not available nationwide. They each have a 24/7 phone line, live chat, and email support. Kraken and Coinbase offer excellent customer service. You can compare the two based on which coin you’d like to stake to see which one suits you best in terms of coin availability and annual percentage yield (APY). In exchange, these investors get a percentage of their stack back in crypto as a reward.Ĭoinbase and Kraken both allow staking, with similar options available and reward rates. Certain cryptocurrencies, like Ethereum (ETH) and Cardano (ADA), rely on investors to temporarily lock up their coins to help run their blockchains through a system called proof-of-stake. If you are holding cryptocurrency, staking is a way to earn money off these coins. Through Kraken Pro, you can access candlestick charts, more research, and a wider range of trade order types like take profit and stop loss.Ĭoinbase Advanced Trade also offers advanced charting capabilities with more information as well as more order types. These platforms go far beyond the capabilities of basic exchanges. If you’re interested in more serious crypto investing, Kraken and Coinbase each offer advanced trading platforms. Procedures within the financial services industry that help to verify the customer and help tackle money laundering.Ĭustomer Support (email, phone and live chat) Coinbase and Kraken also comply with the KYC, or Know Your Customer requirements. The two exchanges offer 24/7 live chat and phone support, an important option for cryptocurrency traders of all experience levels.Įmail, search and a library of help topics are available on each platform. When it comes to customer support, both Kraken and Coinbase shine. While trading is cheaper on the pro versions of Kraken and Coinbase, users seeking the lowest-fee crypto exchange are better off checking out Binance.US. Kraken Pro offers advanced features, and Coinbase’s comparable product, Coinbase Advanced Trade, supports a bevy of sophisticated trading tools. Each platform supports a basic trading platform designed for novices, charging higher fees than their trading interface for experienced traders. There are more than a few key similarities between Kraken and Coinbase.īoth exchanges charge higher fees than many of their competitors. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |