
Intro
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.
Best Kraken alternatives
Binance

Binance
👛 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.
⚡️ 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
Hacked in 2019
Not accessible to U.S. users
Uphold

Uphold
👛 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.
⚡️ 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

⚡️ 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
Coinbase

Coinbase
👛 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.
⚡️ 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
No future or margin trading
Fees are fairly high
FTX

FTX
👛 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.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Vary from crypto to crypto
⚡️ Trading fees:
0.01 – 0.07 %
⚡️ Payment Methods:
Wire Transfer, SEPA, Credit Card, Silvergate Exchange Network (SEN), PayID, Signature SIGNET, and cryptocurrency
⚡️ Supported fiat:
USD, HKD, GBP, EUR, AUD, SGD, CAD, ZAR, BRL, and CHF.
No reported scams or hacks
Many cryptos and fiat currencies supported
Trustworthy level of security
UI is not user-friendly for new clients
USA citizens not allowed
CEX.IO

Coinbase
👛 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.
⚡️ Deposit fees:
0 – 3.99 %
⚡️ Withdrawal fees:
0 – 3 %
⚡️ Trading fees:
0 – 0.25 %
⚡️ Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
⚡️ Supported fiat:
USD, EUR, GBP, RUB
Regulated and licensed
Over 4 million users worldwide
Fast support
Various payment options
Just 4 fiat currencies are available
Extensive Verification Process
eToro

eToro
👛 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
⚡️ 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
Read also:
FAQs
All exchanges mentioned in this article provide valid alternatives to Kraken.
Binance is easier to use than Kraken since it provides smoother and better user experience.
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%.
Coinbase is a better exchange than Kraken, especially for the US traders.
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