This article will show the best alternatives for the Kraken exchange, one of the most popular exchanges in the crypto world. Without further ado, let’s see which exchanges you can replace Kraken with.
👛 Ease of Use – Medium 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Launched in July 2017, Binance quickly became the world’s largest centralized crypto exchange, with more than $15 billion in daily trading volume. It has over 30 million users all over the world. Binance offers an impressive number of cryptocurrencies that you can buy, sell, and trade with low trading fees.
Binance is considered one of the safest cryptocurrency exchanges on the market. Binance provides 2FA and both cold storage and multi-sig wallets. It supports spot trading, futures, P2P trading, margin trading, earn (locked and fixed savings, DeFi staking, and yield farming), mining and staking pools. It has over 350+ cryptocurrencies available for trade and 1300+ trading pairs.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Vary from crypto to crypto ⚡️ Trading fees: 0.1% ⚡️ Payment Methods: Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more ⚡️ Supported fiat: USD, EUR, GBP, AUD, RUB, and 15+ more
Low fees High liquidity Excellent mobile app Well-established and trusted
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, GBP, EUR + more
Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading. Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.
There are a variety of different payment methods such as Bank Transfer, Wire Transfer, Crypto Exchange, SWIFT, Credit/Debit Card Payment, and many more. Depositing and withdrawing are free of charge, but users have to pay network and trading fees. The trading fees aren’t fixed, and they vary depending on the trading spread (the spreads are based on the trading asset and country).
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Free ⚡️ Trading fees: Based on spreads ⚡️ Service fees: 1% – 3% ⚡️ Payment Methods: Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc. ⚡️ Supported fiat: USD, GBP, EUR, and 15+ more
Anything-to-Anything feature Straightforward registration process Enables investments in US stocks, national currencies, and precious metals There isn’t a fixed minimum investment
Telephone and Live-chat support doesn’t exist Lower volume assets require higher spreads
KuCoin is more than just an exchange – it is a global crypto platform for all your digital currency trading, exchange, staking, and lending. KuCoin is based in Singapore. KuCoin supports more than 200 cryptocurrencies. It offers bank-level security, a slick interface, and beginner-friendly UX. KCS is a native currency of the exchange.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0 – 16$ (average) ⚡️ Trading fees: 0 – 0.1 % ⚡️ Payment Methods: Debit and Credit card, Apple and Google Pay ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD + 20 more
A lot of (advanced) crypto services and features Low fees when compared to the main competitors Beginner-friendly interface
No fiat trading pairs No bank deposits Not regulated
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
If we want to mention the biggest cryptocurrency exchanges in the world, Coinbase is most likely the first name that comes to our mind. Coinbase is a very powerful crypto platform, especially in the US.
In total, it has over 60 million users around the world which is a remarkable number. The headquarters of Coinbase is in San Francisco, California. Coinbase is not only a typical exchange, but it also offers a cryptocurrency wallet, so we can safely say it is a suitable place for crypto investors.
⚡️ Deposit fees: Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 ⚡️ Withdrawal fees: SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 ⚡️ Trading fees: Fees vary ⚡️ Payment Methods: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more
Very large user base and extremely popular Debit card available A variety of fiat currencies supported Over 100 cryptocurrencies supported
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, HKD, GBP, EUR, and more
Founded back in 2019, FTX is one of the biggest crypto exchange platforms on the market. They moved their headquarters from Hong Kong to the Bahamas not long ago. FTX is a well-established and easy-to-use platform, but it is mainly focused on professional users.
The platform supports different cryptocurrencies, more than 300 to be exact. Furthermore, FTX is available in 100+ countries around the world, but it is not supported in the USA. Additionally, on the platform, users can choose from 450+ trading pairs that are available on the platform. FTX supports futures, spot trading, margin trading, OTC, leverage, NFTs, and many more.
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.
Today, Cex.io is available in more than 180 countries around the globe. It is registered with FinCEN, and it applies AML (anti-money laundering) and KYC (know your customer) policies. Cex.io supports fiat to crypto purchases, spot trading, margin trading, staking, leverage, lending, and savings.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP + more
eToro is a crypto trading and exchange platform that entered the crypto market in 2013. However, eToro started its operations in 2007 as a social trading platform for commodities, CFDs, currencies, indexes, and stocks
eToro is based in Tel Aviv-Yafo, Israel. Furthermore, eToro has offices in 4 more countries and is regulated in these countries by CySec (Cyprus), FCA (UK), ASIC (Australia), and FSAS (Seychelles). The has roughly around 17 million users worldwide and is available in around 100 countries. Retail Leverage, Pro Leverage, Customisable Leverage, Deleveraged Trading, Copy-Trading, Spot Trading, and Demo account are the main features of eToro. It supports more than 45 currency pairs.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: $5 ⚡️ Trading fees: 0.75 % – 4.9 % spread depending on the cryptocurrency ⚡️ Payment Methods: 15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) ⚡️ Supported fiat: USD, EUR, GBP, and 20+ more
The longevity on the crypto market Low fees Various exciting features User-friendly interface
Lack of stocks and other investment options Not available in all states in the US Inactivity fee
All exchanges mentioned in this article provide valid alternatives to Kraken.
Is Kraken better than Binance❓
Binance is easier to use than Kraken since it provides smoother and better user experience.
Is Binance cheaper than Kraken❓
Binance is free outside the U.S. when it comes to bank account fees, while Kraken’s fees go from $4 to $35. Binance’s fees range from 3% to 4.5%, while Kraken’s range is 3.75% + €0.25. There’s a difference in purchase fees, with Kraken having $5 purchase fees while Binance has fees from 0.02% to 0.10%.
What is better Coinbase or Kraken❓
Coinbase is a better exchange than Kraken, especially for the US traders.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
I am Petar and I come from a small country in South-Eastern Europe called Serbia. I am a big-time crypto enthusiast and I am proud to be a part of the project. My job with Captainaltcoin is the content editor and content writer position.
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