Choosing the right cryptocurrency exchange is a crucial step for both beginners and experienced traders. Two of the most trusted names in the U.S. crypto space are Kraken and Coinbase. In this comprehensive comparison, we’ll break down Kraken vs Coinbase across key factors like fees, security, supported coins, user experience, wallet services, and regulatory compliance to help you make an informed decision.
Whether you're looking to buy Bitcoin with a credit card or dive into advanced futures trading, understanding the strengths and limitations of each platform can significantly impact your trading success.
What Are Kraken and Coinbase?
Kraken, founded in 2013 and based in San Francisco, emerged as a reliable alternative during the Mt. Gox exchange collapse. Known for its robust security and transparency, Kraken has never suffered a major hack. It supports over 70 cryptocurrencies and offers advanced trading features such as margin trading, futures contracts, and OTC services.
Coinbase, also U.S.-based, is the largest cryptocurrency exchange in the country and went public via a direct listing on NASDAQ in April 2021—making it the only publicly traded crypto exchange in the U.S. It supports 64 cryptocurrencies and provides distinct interfaces: a simple app for beginners and Coinbase Pro for advanced traders. Additionally, Coinbase offers developer tools and infrastructure for businesses integrating crypto payments.
👉 Discover a platform with diverse trading options and beginner-friendly tools.
Kraken vs Coinbase: Key Features Compared
Supported Cryptocurrencies
Both platforms support major digital assets like:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
- Polkadot (DOT)
- Dogecoin (DOGE)
Kraken edges ahead with over 70 supported coins, compared to Coinbase’s 64. Notably, Kraken continues to support Ripple (XRP) trading, while Coinbase suspended it due to ongoing litigation with the SEC.
For traders seeking broader altcoin access, Kraken offers more flexibility.
Trading Fees: Who Offers Better Value?
When comparing Kraken vs Coinbase, fees are a decisive factor—especially for active traders.
Kraken Trading Fees
Spot Trading (Kraken Pro):
- Maker: 0.16%
- Taker: 0.26%
- Drops to 0.00% maker fee for monthly volume over $10 million
Instant Buy/Sell:
- 0.9% for stablecoins
- 1.5% for other cryptos
- +0.5% bank transfer processing fee
Futures Trading:
- Starts at 0.02% (maker) / 0.05% (taker)
- Maker fee drops to zero at $100M monthly volume
Coinbase Trading Fees
Spot Trading (Coinbase Pro):
- Flat 0.50% fee (both maker and taker)
- Reduces to 0.35% at $10K monthly volume
Instant Buy/Sell:
- 1.49% via bank or wallet
- 3.99% via credit/debit card or PayPal
Coinbase is notably more expensive, especially for small, frequent purchases using cards.
👉 Compare low-fee trading environments designed for all levels of investors.
Non-Trading Fees
| Feature | Kraken | Coinbase |
|---|---|---|
| Deposit Fees | None for bank, wire, SWIFT | None for bank; $10 wire; 2.5% PayPal |
| Withdrawal Fees | None | None for most; 1.5% for instant card withdrawals |
Kraken wins again with no deposit or withdrawal fees across most methods.
Buying and Withdrawal Limits
Both exchanges tier access based on verification levels.
Kraken Starter Account:
- $9,000/day fiat deposit limit
- $5,000/day crypto withdrawal
- Kraken Pro: Up to $10M/day crypto withdrawal
- Coinbase Basic: Limits vary by user
- Coinbase Pro: No deposit limits; $50,000/day withdrawal cap
Minimum trade size is similar: 0.001 BTC, 0.01 ETH, etc.
Wallet Services: Kraken vs Coinbase
This is where Coinbase clearly outperforms Kraken.
While Kraken stores your funds securely within its exchange (95% in cold storage), it does not offer a standalone wallet. You cannot export private keys—making it less ideal for self-custody advocates.
In contrast, Coinbase Wallet is a non-custodial solution available as a mobile app and browser extension. It supports:
- Over 500 cryptocurrencies
- NFT storage
- DeFi app integration (e.g., lending, staking)
- Full control over private keys
You don’t even need a Coinbase exchange account to use the wallet—ideal for long-term holders and DeFi users.
Mobile App Experience
Both exchanges offer polished mobile apps with real-time trading, price alerts, and portfolio tracking.
Kraken App Highlights:
- Clean interface
- Quick buy options ($20, $40 presets)
- Integrated Pro features
Coinbase App Highlights:
- Intuitive design
- Homepage shows top movers
- Built-in educational rewards program
While both are strong, Coinbase’s app delivers a smoother onboarding experience for new users.
User Interface & Advanced Trading Tools
For serious traders, the Pro platforms matter most.
Kraken Pro
- Offers depth charts and order books
- Price and volume-based alerts (custom-named)
- No built-in technical indicators
Interface is functional but less customizable—panels can’t be resized, and live data feeds may distract from charts.
Coinbase Pro
- Full technical analysis tools (RSI, MACD, etc.)
- Resizable chart panels
- Cleaner visual layout
Though alerts are limited to price triggers, the overall experience is more polished and familiar to stock traders.
👉 Explore advanced trading tools with real-time data and analytics.
Payment Methods & Fiat Support
Kraken Accepts:
- Bank transfers, wires, SWIFT
- Fiat currencies: USD, EUR, GBP, CAD, JPY, AUD, CHF (7 total)
Does not accept credit/debit cards or PayPal.
Coinbase Accepts:
- Bank transfers, wires, PayPal, credit/debit cards
Supports only USD, EUR, GBP.
If you want to use a credit card or PayPal, Coinbase is your only option between the two.
Regulation & Security
Both are U.S.-regulated and prioritize security.
Kraken:
- Registered with FinCEN as a money services business
- Holds a banking license in Wyoming (allows custodial services)
Coinbase:
- Regulated by SEC
- Publicly traded on NASDAQ (transparent financials)
- Licensed as a Qualified Custodian in New York
Kraken has never been hacked. Coinbase has strong protocols but faced scrutiny over past security incidents.
Customer support? Kraken offers 24/7 live chat, while Coinbase relies on email (phone only for compromised accounts). However, response times on both can be slow—relying on help centers is often faster.
Frequently Asked Questions (FAQ)
Should I use Kraken or Coinbase if I want to buy Bitcoin with a credit card?
Use Coinbase. Kraken does not accept credit or debit cards for purchases.
How many cryptocurrencies do Kraken and Coinbase support?
Kraken supports over 70, while Coinbase offers 64. Kraken provides slightly broader altcoin access.
Are Kraken and Coinbase regulated?
Yes. Both are U.S.-based and regulated—Kraken by FinCEN and state regulators; Coinbase by the SEC and NYDFS.
Do I need a wallet to trade crypto on Kraken or Coinbase?
No. Both platforms provide built-in custody. However, only Coinbase offers a standalone non-custodial wallet for full control over your keys.
Can I do margin or futures trading on Coinbase?
No. Coinbase discontinued margin trading in 2020 due to regulatory pressure. For leveraged trading, choose Kraken, which supports up to 5:1 margin and 50:1 leverage on futures.
How do I upgrade to Kraken Pro or Coinbase Pro?
Both upgrades are automatic upon account verification. Simply sign up and verify your identity—the Pro interface becomes available immediately.
Final Verdict: Kraken vs Coinbase
| Feature | Winner |
|---|---|
| Lower Fees | ✅ Kraken |
| Beginner-Friendly App | ✅ Coinbase |
| Advanced Trading Tools | ✅ Coinbase Pro |
| Margin & Futures | ✅ Kraken |
| Wallet & DeFi Access | ✅ Coinbase |
| Payment Options | ✅ Coinbase |
| Fiat Currency Support | ✅ Kraken |
Choose Kraken if you’re an active trader who values low fees, futures trading, margin access, and multi-currency support.
Choose Coinbase if you’re new to crypto, want easy card purchases, prefer a sleek interface, or plan to use DeFi apps via its standalone wallet.
Both platforms are secure and compliant—but your choice depends on your goals: cost-efficient trading or seamless user experience.
Your capital is at risk.