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Investing » Coinbase vs. Kraken: Which Crypto Exchange Wins?

Coinbase vs. Kraken: Which Crypto Exchange Wins?

Wondering if Coinbase or Kraken is better for you? Our detailed comparison breaks down features, fees, security, and staking rewards.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

The information provided on this website is for informational and educational purposes only and does not constitute financial, investment, or legal advice. We do not provide personalized investment recommendations or act as financial advisors.

Coinbase
Kraken
Supported Coins
+250
+300
Spot Trading Fees
$0.99 – 2.00% (Standard), 0.05% – 0.60% (Advanced Trade) For transactions above $200 (standard account): 1.49% fee for using a bank account or USD wallet, 3.99% fee for using a debit or credit card.
For Coinbase Advanced Trade: 0.60% for taker trades and 0.40% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0% – 0.05%.
0.40% – 0.25% 0.40% for taker trades and 0.25% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0% – 0.10%. Using GT tokens to pay trading fees offers a 10% discount
Future Trading Fees
0.40% – 0.60% 0.60% for taker trades and 0.40% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0% – 0.04%.
0.02% – 0.05% 0.05% for taker trades and 0.02% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0.005%% – 0.015%. Using GT tokens to pay trading fees offers a 10% discount
Our Rating
(4.5/5)
(4.3/5)
Read Review
Read Review

Coinbase vs Kraken: Which Crypto Platform Right You?

Choosing the right crypto exchange can make a big difference depending on how you trade, what you invest in, and your goals.

In this guide, we directly compare Coinbase and Kraken side by side — showing you how they work, what features they offer, real-world examples, and who does it better in each area.

Coinbase is famous for its simple, beginner-friendly interface. Buying Bitcoin or Ethereum takes just a few taps, making it perfect for first-time investors.

Their mobile app mirrors the desktop version and allows easy access to staking and NFTs.

Buy and sell BTC, Coinbase
Buy and sell BTC, Coinbase (Screenshot taken by our team)

Kraken, while powerful, has a steeper learning curve. Its Instant Buy feature is straightforward, but navigating Kraken Pro for lower fees can feel complex for newcomers. 

buy BTC, Kraken Pro
Buy BTC, Kraken Pro (Screenshot taken by our team)

Overall, Coinbase wins for ease of use and mobile simplicity, especially for beginners.

Coinbase supports +250 cryptocurrencies, including DeFi tokens and stablecoins like USDC.

It even offers NFT marketplace access, expanding beyond just coins. Users can also easily swap assets within their app.

Choose asset to trade, Coinbase

Kraken supports a slightly wider range with +300 digital assets, focusing on major coins, stablecoins like USDT, and niche altcoins.

However, Kraken doesn’t have a dedicated NFT marketplace yet (source).

explore assets, Kraken
Explore assets, Kraken

Overall, Kraken offers a broader crypto selection, but Coinbase leads if you're looking for NFTs and Web3 assets too.

Kraken takes the edge for advanced trading tools, leverage, and customization for serious traders.

Kraken Pro is built for professionals, offering margin trading up to 5x, futures trading up to 50x leverage, deep order books, customizable interfaces, and a full suite of advanced order types

Kraken even supports OTC trading for large investors needing discreet execution.

trade futures, Kraken Pro
Trade futures, Kraken Pro (Screenshot taken by our team)

Coinbase Advanced Trade offers real-time charts powered by TradingView, limit/market/stop orders, and lower fees than regular Coinbase — but still lacks the deep customization hardcore traders might want .

It's great for users evolving from beginner to intermediate levels.

Candlestick charting, Coinbase

Kraken offers a broader range of staking options with competitive rewards, making it slightly more versatile for users seeking diverse staking opportunities.

Kraken offers staking for over 17 assets, including ETH, SOL, DOT, and ADA, with flexible and bonded options.  Notably, Kraken resumed staking services for U.S. customers in select states in 2025.

Kraken usually charges a 20% commission on staking yields.

explore staking options on Kraken
Explore staking options on Kraken (Screenshot taken by our team, rates are not updated)

Coinbase offers staking for various cryptocurrencies, including Ethereum (ETH), Solana (SOL), and Cosmos (ATOM), with rewards varying by asset.

However, it charges a 35% commission on staking rewards, which is higher than Kraken.

Coinbase wallet stake Ether
Coinbase wallet stake Ether (Screenshot taken by our team)

Coinbase employs robust security measures, including two-factor authentication (2FA), cold storage for the majority of funds, and insurance for online assets .

However, it has faced regulatory challenges and isolated security incidents in the past.

Kraken boasts a strong security track record, with no major breaches reported. It utilizes 2FA, cold storage, and PGP encryption for communications, emphasizing user protection .

Coinbase is clearly better for DApp and Web3 integration, offering a whole ecosystem under one roof.

Coinbase stands out by offering a built-in NFT marketplace, access to DeFi apps, and a self-custody Coinbase Wallet that connects directly to decentralized applications like Uniswap.

Manage dapps, Coinbase Wallet

Kraken does not offer DApp connections or direct DeFi integrations.

It supports NFT-related tokens like ApeCoin but doesn't allow users to interact with blockchain apps, requiring them to transfer assets externally for Web3 activities.

Coinbase Wallet is a self-custody wallet supporting many cryptocurrencies and NFTs. It allows users to interact with decentralized applications (dApps) and manage DeFi positions.

Kraken Wallet also offers self-custody, enabling users to store and manage crypto assets, NFTs, and securely connect to dApps securely .

Coinbase wallet NFTs
Coinbase wallet NFTs (Screenshot taken by our team)

Overall, both wallets provide robust features for managing digital assets, but Coinbase Wallet's integration with a broader range of dApps gives it a slight edge for DeFi enthusiasts.

Kraken's support for AI-driven bots provides more advanced automation capabilities, appealing to experienced traders.

Kraken supports the use of trading bots through its API, enabling users to implement various automated strategies, including AI-driven bots that adapt to market conditions .

Coinbase allows users to connect with third-party automated trading platforms via its Advanced Trade API, facilitating strategy automation .

Additionally, Coinbase offers a built-in grid trading bot for users who seek automated strategies without using external tools.

Which Investors May Prefer Coinbase Exchange?

Coinbase is a smart pick for investors who prioritize simplicity, ease of access, and regulatory trust.

Its user-friendly interface helps beginners quickly buy, sell, and manage crypto without a steep learning curve.

  • First-Time Investors: Those new to crypto will appreciate Coinbase’s easy sign-up, simple buying process, and educational resources.

  • NFT and Web3 Enthusiasts: Users interested in NFTs and dApps can explore Web3 directly through Coinbase’s integrated wallet and marketplace.

  • Investors Seeking Staking Rewards: Staking is made simple, with passive income options on major assets like Ethereum and Solana.

  • Regulation-Focused Users: Investors who value platforms operating within U.S. regulations will feel secure with Coinbase’s compliance focus.

Which Investors May Prefer Kraken Exchange

Kraken is one of the best cryptocurrency exchanges for serious traders, security-conscious investors, and those seeking low fees with high flexibility. It’s ideal for users willing to invest time learning its more powerful features.

  • Advanced and High-Volume Traders: Kraken Pro’s lower fees, advanced charts, and margin/futures trading attract experienced users.

  • Security-First Investors: Those prioritizing safety will appreciate Kraken’s flawless security history and strong cold storage practices.

  • Altcoin Enthusiasts: Investors looking for a wide range of assets beyond Bitcoin and Ethereum will find deeper coin selections here.

  • Institutions and OTC Clients: High-net-worth individuals needing private trades or large transactions will benefit from Kraken’s OTC desk.

Bottom Line: Which Platform Wins Where?

Both Coinbase and Kraken shine, but in different ways. Coinbase excels at offering an intuitive experience for beginners, with easy staking, NFT access, and a top-tier mobile app.

Kraken, meanwhile, leads for active traders who want low trading fees, margin trading, futures contracts, and robust security.

Choosing between them depends on your goals: if you value simplicity, go Coinbase; if you want serious trading tools, Kraken delivers more firepower.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor.

While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.