Kraken vs Coinbase
Kraken vs Coinbase: which platform has the lowest fees, biggest coin offering and best customer service?
First, a quick comparative table, then a fully detailed guide to help you choose.
1.49% to 3.99%
20+ coins supported
10+ coins supported
Dependable however sometimes, agents aren't available.
Dependale Email and Phone support.
Does not support debit cars to add money.
Debit card are supported to add money.
With many crypto exchanges launching almost everyday, it becomes highly difficult to choose a reliable one.
In this article we provide you a detailed overview and comparison of the two most popular exchanges to help choose the one that best suits your needs.
Kraken vs Coinbase Overview
Kraken and Coinbase both have a well established reputation as crypto exchanges. They have earned trust among users globally.
While Kraken was established in 2011, Coinbase came into existence in 2012. Since then both platforms have grown tremendously and made names for themselves.
If you are looking for a large variety of coins to trade, Kraken would be a good choice.
Indeed, Coinbase only provides coin offerings for 10+ different coins whereas Kraken offers over 20+ different coins.
Kraken does offer services with lower fees than Coinbase but with very limited payment methods.
Indeed, Kraken usually has trading fees below 0.36%, depending on the crypto currency pair traded. However, it doesn’t offer a feature to of use debit cards.
Coinbase on the other hand usually has a slightly higher fees than Kraken.
The transaction fees range from 1.49% to 3.99%, where the highest fees of 3.99% are for debit card purchases.
Both exchanges have had difficult times building a reputation for their customer service. However they have improved tremendously in recent times.
Kraken has been known to have a dependable customer service however recently, users have started complaining about issues related to account verification, and about being unable to reach a support agent in time.
Coinbase’s customer service is available through email as well as phone. It has a reputation of responding within a 24 – 48 hours period. Not bad.
Kraken vs Coinbase – Final Word
In conclusion, the comparison between Kraken and Coinbase above clearly shows that both exchanges have a long standing reputation of trust and reliability among traders.
While choosing any one of the exchanges to trade, you should keep in mind the coin offerings and service fees mentioned above and choose the one that best suits your needs. Happy trading!