Cex.Io and Kraken are two of the best crypto exchanges available in UK. In today’s article we’ll compare the two of them head to head so you can figure out which one is right for you.
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- 24/7 customer support and mobile access
- Low fees
- Limited coin options (CEX.IO offers more tokens)
Cex.Io’s England-based cryptocurrency trading and exchange platform has gained immense popularity among its users. It is also said to be one of the highest rated exchanges in UK, with cryptocurrencies such as Bitcoin, Ethereum and 80 other crypto assets on their platform since 2013.
- Low non-instant buy fees
- Advanced trading platform
- Extremely high instant buy fees
Kraken offers BTC/AUD as well as 40+ other assets for purchase with EUR, GBP, RUB, USD.
The first thing you should consider when comparing these two exchanges are their fees, so let’s explore that in more detail here:
First you’ll need to deposit your money on the exchange in EUR, GBP, RUB, USD. Cex.Io takes a cut of 2.99% and Kraken charges a 0 for deposits.
When it comes to buy fees Cex.Io charge 0.25 and Kraken charges 0.16%.
When you go to sell your Bitcoin or Crypto Cex.Io charges 0.16 and Kraken takes a 0.26% cut.
After depositing, buying, selling and withdrawing, Cex.Io is the best option.
Cex.Io offers 5 main methods to deposit EUR, GBP, RUB, USD to your account. They are Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS).
The daily deposit limit is $20. Most people won’t need to worry about hitting that limit.
Kraken offers a few methods to deposit EUR, GBP, RUB, USD to your account. They are bank transfer, PayID, Credit card and Debit card, Crypto deposit.
The daily deposit limit is €50.
Overall, Cex.Io is a better option because it has more deposit methods available which makes it easier to transfer funds.
Cex.Io has been around for longer than most. They offer high security measures to protect their customers’ assets with the following techniques:
Protection against DDoS attacks, compliance with PCI DSS standards, cryptocurrency cold storage – all in an effort to keep you safe while trading on CoinSpot.
Kraken is another popular exchange in United States. They use the following methods:
2FA withdrawal email confirmation, airgapped cold storage, strict surveillance.
Both exchanges are secure, but it appears that Cex.Io has better security over Kraken.
Cex.Io has a great, user-friendly mobile app which can be downloaded on the Apple app store. It has a user rating of 4.6 on the Apple app store.
While Kraken does not have an official application available yet it’s website is accessible through your regular browser along with all of its regular features.
For traders on the go who love smooth experiences, Cex.Io is your best bet.
Either exchange is a great choice with a great service but Cex.Io comes out on top for me.
Sign up now using the links below: