Cryptocurrencies are the talk of the town, with many people trying their luck in this digital investment. Bitsgap bot review explains more you can check out.
There is a crucial requirement of cryptocurrency exchange that offers access to multiple cryptocurrencies of the modern world. These exchanges offer high-end features, secure access, and authorized channels to trade multiple cryptocurrencies.
However, many may get confused about the top two hot-shots in cryptocurrency exchanges, i.e., Kraken and Coinbase. It is wise to make your decision based on their features, fees, and other factors.
Kraken comes with different types of trading with low trading fees. The 24*7 live chat support ensures that users are never stuck in placing deals on this amazing platform. It offers margin and futures trading with API keys based on lower per-trade fees.
Coinbase, on the other hand, is available in more than 100 countries, offers a free user education library, and ensures FDIC up to 250,000 US dollars. It comes with a simple user interface, offers buying, selling, and crypto exchanges.
It is equipped with credit card purchases. You can learn more about the best features of Kraken from live streaming, convert them using YouTube to mp3, and make your decision.
The cryptocurrency exchanges earn by charging different types of a specific amount of fees.
For Kraken –
- Kraken charges a 0.9% fee for all FX pairs and stablecoins, and a 1.5% fee for other cryptocurrencies.
- It charges an additional fee of 1.7% + 0.10 US dollars on all ACH purchases.
- The debit and credit card purchases on Kraken come with an additional 3.75% + 0.29 US dollars fee.
- The withdrawal fee and deposit fee vary on different types of cryptocurrencies.
For Coinbase –
- Coinbase comes with a fixed fee of 0.50% per trade.
- It further charges an additional fee of 1.49% for purchases using Coinbase wallet and bank accounts.
- The debit or credit card purchases on Coinbase attract an additional fee of 3.99%.
- It requires a minimum deposit of 10 US dollars and charges 25 US dollars as a withdrawal fee for all wire transfers.
Kraken offers a 2FA via Google Authenticator app with global settings lock. It further allows whitelisting of pre-approved addresses and device-level restrictions U2F security using hardware keys. Coinbase also offers a 2FA via Google Authenticator app with options to choose from cold storage and multi-signature wallets.
It further comes with detailed KYC and anti-money laundering protections. Some of the best security features of Coinbase include insurance of USD balances. The modern SaaS technology additionally facilitates the easy implementation of different security features. Both Kraken and Coinbase are SaaS (software-as-a-service) platforms that bring the power of cryptocurrency and alternate banking to the masses through simple, online interfaces.
Number of Cryptocurrencies Offered
Kraken offers more than 50 cryptocurrencies, while Coinbase also provides around the same variants in cryptocurrencies.
Different Types of Transactions
Kraken offers buying, selling, and trading of different cryptocurrencies. It further allows deposits and withdrawals. The limit order, stop order, and various types of trading like futures trading, options trading, and margin trading are some of the featured transactions of Kraken.
Coinbase offers the quick buying and selling of different cryptocurrencies. It further allows the exchange of different cryptocurrencies at one platform only. The sending and receiving of cryptocurrencies are made easy using Coinbase.
Going through the blog, you must have made up your mind which one to choose from, Kraken or Coinbase.