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Home Platforms Kraken vs Ledn

Compare Kraken vs Ledn

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Pros & Cons
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 average review rating than Ledn (89% vs 54%)
tick More reviews than Ledn (12,752 vs 156 reviews)
tick Higher rating for android phone app than Ledn (4.2 vs 2.3 stars)
tick Been in business longer than Ledn (Founded 2011 vs 2018)
tick Has less assets under management than Ledn
tick Fiat exchange available on Kraken but not on Ledn
tick Pro exchange marketplace available on Kraken but not on Ledn
tick Offers corporate accounts but Ledn doesn't
tick Instantly buy crypto with fiat on Kraken but not on Ledn
tick Has 24/7 support but Ledn doesn't
tick Has phone support but Ledn doesn't
tick Interface supports French, Japanese, Turkish, Vietnamese, Simplified Chinese, Russian, Italian and Filipino whereas Ledn doesn't
tick Ultra simple model
tick No hidden fees
tick Only one interest payment at end of 12 month term required on loans
tick Automatically buy more bitcoin with a loan secured against your existing bitcoin
tick Proof of company crypto reserves provided by major accountancy firm
tick Higher rating on Trustpilot than Kraken (4.7 vs 2.7 stars)
tick Offers loans but Kraken doesn't
tick Account verification in less than 1 hour available on Ledn but not on Kraken
Staking Rates
tick Kraken will pay interest on 11 crypto currency deposits not offered by Ledn:
Cardano (ADA)
Algorand (ALGO)
Cosmos (ATOM)
Polkadot (DOT)
Ethereum (ETH)
Flow (FLOW)
Kava (KAVA)
Kusama (KSM)
Mina (MINA)
Solana (SOL)
Tezos (XTZ)
More ...
Staking Rates
tick Ledn will pay interest on USDC stable coin deposits whereas Kraken does not
tick Ledn has a higher base earnings rate for Bitcoin (BTC) (6%% vs 0.25000%)
1 more stakings rates pro ...
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
cross Mobile app has very limited functionality
cross Savings rates only available fro BTC and USDC
cross Much lower savings rates for large BTC deposits
cross Bitcoin is only token acceptable as loan collateral
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Reviews
89% based on 12,752 reviews
54% based on 156 reviews
User Reviews
Overall User Rating
89%
12,513 reviews
84%
26 reviews
90%
11,900 reviews
54%
2 reviews
80%
14 reviews
82%
457 reviews
90%
56 reviews
24%
58 reviews
Show All User Reviews
User Reviews
Overall User Rating
53%
152 reviews
46%
130 reviews
98%
14 reviews
94%
4 reviews
100%
1 review
100%
3 reviews
Show All User Reviews
Expert Reviews
Overall Expert Rating
60%
239 reviews
82%
70%
90%
92%
91%
88%
90%
85%
80%
98%
85%
80%
100%
93%
80%
80%
78%
90%
70%
96%
87%
80%
100%
77%
80%
88%
93%
60%
75%
76%
85%
100%
96%
98%
100%
100%
82%
80%
40%
90%
80%
20%
78%
78%
48%
48%
78%
100%
100%
76%
72%
91%
82%
100%
90%
80%
87%
88%
90%
49%
100%
92%
60%
Show All Expert Reviews
Expert Reviews
Overall Expert Rating
80%
4 reviews
70%
90%
80%
80%
Show All Expert Reviews
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Staking Rates
The table below compares the staking rates for Kraken and Ledn.
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 ...
Stable Coins
USDC USDC
8%
8%
Crypto Currencies
BTC Bitcoin
6%
6%
Loading rates ...
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Company
Legal name
Payward Inc
Legal name
Ledn Inc
Year founded
2011
Year founded
2018
Country incorporated in
2
Country incorporated in
47
Headquarters country
2
Headquarters country
47
Decentralised
cross No
Decentralised
cross No
Number of employees
250
Number of employees
40
Number of users
4,000,000
Number of users
Total assets under management
$10,000,000,000USD
Total assets under management
$1,000,000,000USD
Withdrawal time in hours
Withdrawal time in hours
30hours
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Products
Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
cross No
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
cross No
Pro exchange marketplace
tick Yes
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
tick Yes
Margin trading
Corporate accounts
tick Yes
Corporate accounts
cross No
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
cross No
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
cross No
Fast account verification
tick Yes
Futures exchange
tick Yes
Futures exchange
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Security
Insurance level
Insurance level
$100,000,000USD
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
Self custody
Cold storage custodian
BitGo
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
cross No
Email support
tick Yes
Email support
tick Yes
Phone support
tick Yes
Phone support
cross No
Chat support
tick Yes
Chat support
tick Yes
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Fees
Maker fee
0%
Maker fee
Taker fee
0%
Taker fee
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
Exchange fees
0% exchange fees
Fiat deposit fee
tick Free
Fiat deposit fee
Fiat deposits not accepted
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
Fiat deposits not accepted
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Withdrawal process
Withdrawal process
Withdrawals are processed manually, normally with 24 hours. They can take up to 7 days max.
Withdrawal time
Withdrawal time
30 hours
Crypto withdrawal fee
tick Free
Crypto withdrawal fee
Miner's fee only for BTC withdrawals. 35 USDC for USDC withdrawals.
Crypto wallet withdrawal limit
Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 per day
Crypto wallet withdrawal limit
Savings crypto account withdrawal limit
Savings crypto account withdrawal limit
Up to 1,000,000 USDC every 7 days and up to 100 BTC every 7 days
Fiat wallet withdrawal limit
Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 per day.
Fiat wallet withdrawal limit
Savings fiat account withdrawal limit
Savings fiat account withdrawal limit
No fiat savings withdrawls
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Investment Strategy
Independent proof of reserves
tick Yes
Independent proof of reserves
tick Yes
Proof of reserves
Proof of reserves
You verify that your specific deposits do exist within Ledn assets via a web link to Armanino LLP
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Registrations & Regulation
Know your customer
tick Yes
Know your customer
tick Yes
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
Regulators
Financial Crimes Enforcement Network
tick Yes
Financial Crimes Enforcement Network
Financial Conduct Authority
tick Yes
Financial Conduct Authority
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Financial Services Agency - Crypto Asset Exchange Operator
tick Yes
Financial Services Agency - Crypto Asset Exchange Operator
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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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We carefully research products for legitimacy before adding them to the platform.

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