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Home Platforms Coinbase vs Kraken

Compare Coinbase vs Kraken

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Pros & Cons
tick The largest crypto exchange in the US
tick Simple, easy to understand interface
tick Fully regulated in the US
tick Earn crypto for watching educational videos
tick Higher average review rating than Kraken (94% vs 89%)
tick More reviews than Kraken (1,702,284 vs 12,752 reviews)
tick Higher rating for android phone app than Kraken (4.3 vs 4.2 stars)
tick Has fewer users than Kraken
tick Offers loans but Kraken doesn't
tick Account verification in less than 1 hour available on Coinbase but not on Kraken
tick Interface supports Argentinian-Spanish, Polish, Brazilian-Portuguese, German, Mexican Spanish, Thai, Chilean Spanish, Peruvian Spanish and Colombian Spanish whereas Kraken doesn't
tick One of the biggest crypto exchanges in the world
tick Large selection of supported cryptocurrencies
tick Very competitive maker and taker fees
tick Available in almost all countries
tick Higher rating on Trustpilot than Coinbase (2.7 vs 1.5 stars)
tick Been in business longer than Coinbase (Founded 2011 vs 2012)
tick Has less assets under management than Coinbase
tick Pro exchange marketplace available on Kraken but not on Coinbase
tick Margin trading available on Kraken but not on Coinbase
tick Futures exchange available on Kraken but not on Coinbase
tick Has email support but Coinbase doesn't
tick Interface supports Japanese, Vietnamese and Filipino whereas Coinbase doesn't
Staking Rates
tick Coinbase will pay interest on 2 stable coin deposits not offered by Kraken:
USDC (USDC)
USDD (USDD)
tick Coinbase has a higher base earnings rate for 3 crypto currencies:
Algorand (ALGO) (6.73%% vs 4.75000%)
Polkadot (DOT) (9.77%% vs 12.00000%)
Flow (FLOW) (8.93%% vs 7.50000%)
More ...
2 more stakings rates pros ...
Staking Rates
tick Kraken has a higher base earnings rate for 8 crypto currencies:
Cardano (ADA) (5%% vs 2.00000%)
Cosmos (ATOM) (7.5%% vs 10.34000%)
Ethereum (ETH) (5.5%% vs 3.28000%)
Kava (KAVA) (23%% vs 15.16000%)
Kusama (KSM) (18%% vs 12.80000%)
Mina (MINA) (16%% vs 10.46000%)
Solana (SOL) (6.5%% vs 4.35000%)
Tezos (XTZ) (4.7%% vs 4.62000%)
More ...
tick Kraken will pay interest on Bitcoin (BTC) crypto currency deposits whereas Coinbase does not
1 more stakings rates pro ...
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
cross A bit complex for beginners
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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Reviews
94% based on 1,702,284 reviews
89% based on 12,752 reviews
User Reviews
Overall User Rating
94%
1,702,117 reviews
86%
817 reviews
30%
1 review
80%
71 reviews
63%
140 reviews
94%
1,700,000 reviews
26%
793 reviews
100%
1 review
22%
294 reviews
Show All User Reviews
User Reviews
Overall User Rating
89%
12,513 reviews
84%
26 reviews
54%
2 reviews
80%
14 reviews
82%
457 reviews
90%
11,900 reviews
24%
58 reviews
90%
56 reviews
Show All User Reviews
Expert Reviews
Overall Expert Rating
87%
167 reviews
80%
70%
96%
80%
83%
90%
90%
90%
79%
77%
100%
90%
80%
98%
94%
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85%
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90%
78%
96%
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70%
86%
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88%
94%
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96%
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90%
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Expert Reviews
Overall Expert Rating
60%
239 reviews
70%
80%
60%
90%
85%
96%
70%
82%
77%
78%
100%
91%
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78%
91%
48%
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60%
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88%
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82%
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40%
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90%
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78%
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100%
85%
76%
75%
72%
76%
78%
82%
49%
93%
20%
100%
Show All Expert Reviews
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Staking Rates
The table below compares the staking rates for Coinbase and Kraken.
Stable Coins
USDC USDC
4.6%
4.6%
USDD USDD
5.02%
5.02%
Crypto Currencies
10.4%
10.4%
AAVE Aave
6.23%
6.23%
ADA Cardano
2%
2%
ALGO Algorand
6.73%
6.73%
API3 API3
2.5%
2.5%
APT Aptos
6.36%
6.36%
ARCH Archway
20.9%
20.9%
ATOM Cosmos
10.3%
10.3%
AUDIO Audius
19.7%
19.7%
AVAX Avalanche
7.42%
7.42%
46%
46%
AZERO Aleph Zero
11.5%
11.5%
11.3%
11.3%
0.57%
0.57%
CANTO CANTO
7.76%
7.76%
4.01%
4.01%
CHEQ cheqd
11.7%
11.7%
CMDX Comdex
34.5%
34.5%
0.97%
0.97%
DASH Dash
5.49%
5.49%
DOT Polkadot
9.77%
9.77%
DSM Desmos
19.8%
19.8%
DVPN Sentinel
20.4%
20.4%
28.3%
28.3%
EROWAN SifChain
74.5%
74.5%
ETH Ethereum
3.28%
3.28%
ETHDYDX dYdX (ethDYDX)
<&nbsp;0.01%
<&nbsp;0.01%
EVMOS Evmos
35%
35%
EXRD e-Radix
8.38%
8.38%
FLOW Flow
8.93%
8.93%
FTM Fantom
1.58%
1.58%
GMX GMX
3.5%
3.5%
GRT The Graph
5.62%
5.62%
IRIS IRISnet
6.9%
6.9%
JUNO JUNO
28.9%
28.9%
KAVA Kava
15.1%
15.1%
<&nbsp;0.01%
<&nbsp;0.01%
KLV Klever
5.93%
5.93%
2.32%
2.32%
KSM Kusama
12.8%
12.8%
MINA Mina
10.4%
10.4%
7.24%
7.24%
NRG Energi
56.5%
56.5%
ONE Harmony
7.73%
7.73%
OSMO Osmosis
11.2%
11.2%
21.8%
21.8%
7.07%
7.07%
RUNE THORChain
22.7%
22.7%
SKL SKALE
10.9%
10.9%
SNX Synthetix
<&nbsp;0.01%
<&nbsp;0.01%
SOL Solana
4.35%
4.35%
STARS Stargaze
9.51%
9.51%
STX Stacks
11.4%
11.4%
SUI Sui
4.97%
4.97%
TRX TRON
3.48%
3.48%
18.4%
18.4%
21%
21%
XTZ Tezos
4.62%
4.62%
99.9%
99.9%
ZIL Zilliqa
12.9%
12.9%
<&nbsp;0.01%
<&nbsp;0.01%
Loading rates ...
Stable Coins
Crypto Currencies
ADA Cardano
5%
5%
ALGO Algorand
4.75%
4.75%
ATOM Cosmos
7.5%
7.5%
BTC Bitcoin
0.25%
0.25%
DOT Polkadot
12%
12%
ETH Ethereum
5.5%
5.5%
FLOW Flow
7.5%
7.5%
KAVA Kava
23%
23%
KSM Kusama
18%
18%
MINA Mina
16%
16%
SOL Solana
6.5%
6.5%
XTZ Tezos
4.7%
4.7%
Loading rates ...
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Company
Legal name
Coinbase Global Inc
Legal name
Payward Inc
Year founded
2012
Year founded
2011
Country incorporated in
2
Country incorporated in
2
Headquarters country
2
Headquarters country
2
Platform token
USDC
Platform token
Decentralised
cross No
Decentralised
cross No
Number of employees
4100
Number of employees
250
Number of users
73,000,000
Number of users
4,000,000
Total assets under management
$5,860,000,000USD
Total assets under management
$10,000,000,000USD
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Products
Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
cross No
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
tick Yes
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
cross No
Margin trading
tick Yes
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
cross No
Futures exchange
cross No
Futures exchange
tick Yes
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Security
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
Self custody
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support
24/7 support
tick Yes
24/7 support
tick Yes
Email support
cross No
Email support
tick Yes
Phone support
tick Yes
Phone support
tick Yes
Chat support
tick Yes
Chat support
tick Yes
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Fees
Maker fee
Maker fee
0%
Taker fee
Taker fee
0%
Exchange fees
Exchange fees
Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for traders exchanging more than $10,000,000 per month
Fiat deposit fee
tick Free
Fiat deposit fee
tick Free
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
tick Free
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Crypto withdrawal fee
tick Free
Crypto withdrawal fee
tick Free
Crypto wallet withdrawal limit
Crypto wallet withdrawal limit
Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 per day
Fiat wallet withdrawal limit
Fiat wallet withdrawal limit
Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 per day.
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Investment Strategy
Independent proof of reserves
Independent proof of reserves
tick Yes
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Registrations & Regulation
Know your customer
tick Yes
Know your customer
tick Yes
Regulators
Coinbase is licensed in most US jurisdictions, is registered as a money services business with FinCEN and is regulated by the FCA in the UK.
Regulators
Regulated by FinCEN in the USA, FINTRAC in Canada, FCA in the UK, the Australian Transaction Reports and Analysis Centre in Australia and the FSA in Japan
Connecticut - Money Transmitter License
tick Yes
Connecticut - Money Transmitter License
Georgia - Seller of Payment Instructions
tick Yes
Georgia - Seller of Payment Instructions
Idaho - Department of Finance - Money Transmitter License
tick Yes
Idaho - Department of Finance - Money Transmitter License
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
tick Yes
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
Kansas - Office of the State Bank Commissioner - Money Transmitter License
tick Yes
Kansas - Office of the State Bank Commissioner - Money Transmitter License
Maryland - Money Transmitter License
tick Yes
Maryland - Money Transmitter License
Minnesota - Department of Commerce - Money Transmitter License
tick Yes
Minnesota - Department of Commerce - Money Transmitter License
North Carolina - Money Transmitter License
tick Yes
North Carolina - Money Transmitter License
Nebraska - Money Transmitter License
tick Yes
Nebraska - Money Transmitter License
New Hampshire - Banking Department - Money Transmitter License
tick Yes
New Hampshire - Banking Department - Money Transmitter License
New Jersey - Money Transmitter License
tick Yes
New Jersey - Money Transmitter License
Ohio - Money Transmitter License
tick Yes
Ohio - Money Transmitter License
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Oregon - Division of Financial Regulation - Money Transmitter License
Puerto Rico - Money Transmitter License
tick Yes
Puerto Rico - Money Transmitter License
South Carolina - Money Transmitter License
tick Yes
South Carolina - Money Transmitter License
Tennessee - Money Transmitter License
tick Yes
Tennessee - Money Transmitter License
Washington - Money Transmitter License
tick Yes
Washington - Money Transmitter License
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
Alabama - Sale of Checks License
tick Yes
Alabama - Sale of Checks License
Alaska - Money Transmitter License
tick Yes
Alaska - Money Transmitter License
Arizona - Money Transmitter
tick Yes
Arizona - Money Transmitter
Arkansas - Money Transmission License
tick Yes
Arkansas - Money Transmission License
Delaware - Sale of Checks and Transmission of Money
tick Yes
Delaware - Sale of Checks and Transmission of Money
District of Columbia - Money Transmitter License
tick Yes
District of Columbia - Money Transmitter License
Florida - Money Transmitters Part II
tick Yes
Florida - Money Transmitters Part II
Iowa - Money Services License
tick Yes
Iowa - Money Services License
Louisiana - Money Transmitter License
tick Yes
Louisiana - Money Transmitter License
Maine - Money Transmitter License
tick Yes
Maine - Money Transmitter License
Michigan - Money Transmitter License
tick Yes
Michigan - Money Transmitter License
New Mexico - Money Transmission License
tick Yes
New Mexico - Money Transmission License
Oklahoma - DOB Money Transmission License
tick Yes
Oklahoma - DOB Money Transmission License
South Dakota - Money Transmitter License
tick Yes
South Dakota - Money Transmitter License
Texas - DOB Money Transmitter License
tick Yes
Texas - DOB Money Transmitter License
West Virginia - Money Transmitter License
tick Yes
West Virginia - Money Transmitter License
Colorado - Money Transmission License
tick Yes
Colorado - Money Transmission License
Kentucky - Money Transmission License
tick Yes
Kentucky - Money Transmission License
Nevada - Money Transmitter
tick Yes
Nevada - Money Transmitter
New York - Money Transmission License
tick Yes
New York - Money Transmission License
New York - Virtual Currency License
tick Yes
New York - Virtual Currency License
Pennsylvania - Money Transmitter License
tick Yes
Pennsylvania - Money Transmitter License
Rhode Island - Electronic Money Transfers
tick Yes
Rhode Island - Electronic Money Transfers
Rhode Island - Sales of Checks
tick Yes
Rhode Island - Sales of Checks
Vermont - Money Transmitter
tick Yes
Vermont - Money Transmitter
Virginia - Money Transmitter License
tick Yes
Virginia - Money Transmitter License
Financial Crimes Enforcement Network
Financial Crimes Enforcement Network
tick Yes
Financial Conduct Authority
Financial Conduct Authority
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Financial Services Agency - Crypto Asset Exchange Operator
Financial Services Agency - Crypto Asset Exchange Operator
tick Yes
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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We always rank and compare products objectively and impartially.

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