Etoro and Kraken are two of the best crypto exchanges available in US, UK, AUS. In today’s post, we’ve compared the two so you can make the right choice.
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- Offers access to 15 cryptocurrencies.
- Low minimum to fund an account and begin investing.
- Service only available in 41 U.S. states.
Etoro is a cryptocurrency exchange that offers trading in Bitcoin, Ethereum and 25 other cryptoassets. It has been around since 2007 when it first gained popularity amongst its users, making them one of US, UK, AUS’s most recognized exchanges.
- Low non-instant buy fees
- Advanced trading platform
- Extremely high instant buy fees
Kraken is a trusted cryptocurrency exchange that was started in 2011. With over 40 different digital currencies, they are one of the most popular exchanges around today, selling and buying all the major coins such as Bitcoin and Ethereum.
It’s important to consider the fees associated with trading platforms. Here is a comparison of Etoro vs Kraken, two popular exchanges:
Etoro takes 0 fee for deposits, where Kraken charges a 0.
When buying crypto, Etoro charges 0.75 of your purchase price while Kraken charges 0.16%.
You should also consider sell charges which vary. Etoro charges 0.75 while Kraken is 0.26%.
Etoro offers 5 main methods to deposit EUR/USD/GBP/AUD/CAD to your account. They are Bank transfer, Paypal, Poli, credit/debit card, Wire Transfer, Klarna, Rapid Transfer, iDEAL, skrill, neteller.
The daily deposit limit is $500. Most people won’t need to worry about hitting that limit.
Kraken allows you transfer funds through their supported payment options which are bank transfer, PayID, Credit card and Debit card, Crypto deposit.
Kraken’s daily deposit limit is €50.
The bottom line is, Etoro is the best choice as they have more deposit methods available which makes it easier to transfer funds.
In the world of cryptocurrency, security is always an important issue.
Etoro offers a range of security features including:
2FA verification, cold storage
FDICinsured USD balances
Each of these features protect your assets from being compromised by a hack or security breach.
In United States, Kraken is one of the most secure exchanges. They use a variety of methods to protect their customers from hackers, including:
2FA withdrawal email confirmation
airgapped cold storage
Our pick is Etoro as it has better security features over Kraken.
Etoro has a great, user-friendly mobile app which has a user rating of 4.3 on the Apple app store.
While Kraken does not have an app, it’s website is accessible through a mobile browser.
Either exchange is a great choice with a great service but Etoro comes out on top for me.
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