Compare Bitstamp vs Kraken
Bitstamp vs Kraken: A Comparison of Cryptocurrency Exchanges
Cryptocurrency exchanges are essential for buying and selling cryptocurrencies in a safe and secure manner. Two of the most popular exchanges in the market are Bitstamp and Kraken. In this comparison review, we will analyze both exchanges in terms of features, security, fees, reputation, and user-friendliness, to help users decide which exchange is the best fit for their needs.
Features
Both Bitstamp and Kraken are cryptocurrency exchanges that offer a range of features to their users. Both exchanges allow users to buy and sell various cryptocurrencies and tokens, and both allow margin trading. However, there are some differences between the two exchanges.
Bitstamp is a simple exchange that focuses on providing users with a straightforward experience. The exchange offers a limited selection of cryptocurrencies and features. Bitstamp users can trade in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. The exchange also offers trading pairs in USD, EUR, and BTC. Users can also take advantage of the exchange's advanced order types, which include limit orders, stop orders, and market orders.
Kraken, on the other hand, offers a more diverse range of features. The exchange allows users to trade in a wide range of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and many others. Kraken also offers margin trading and futures trading. In addition, the exchange offers advanced order types and trading tools, including stop-loss orders, limit orders, and margin trading.
Security
Security is a crucial factor to consider when choosing a cryptocurrency exchange. Both Bitstamp and Kraken take security seriously and have implemented various measures to protect their users' funds and personal information.
Bitstamp has implemented advanced security measures, such as two-factor authentication and SSL encryption, to protect users' accounts and information. The exchange also keeps 98% of its users' funds in cold storage, making it difficult for hackers to access them. Bitstamp also conducts regular security audits to ensure that its systems remain secure.
Kraken is also a secure exchange that has implemented advanced security measures, such as two-factor authentication, SSL encryption, and PGP encryption for email communication. The exchange keeps 95% of its users' funds in cold storage, and its servers are located in secure data centers with armed guards and biometric access controls.
Fees
Fees are another important consideration when choosing a cryptocurrency exchange. Bitstamp and Kraken both charge fees for their services, but the fees differ between the two exchanges.
Bitstamp charges a fee of 0.5% for trades up to $10,000, and the fee decreases as the trade volume increases. The exchange also charges fees for deposits and withdrawals, which vary depending on the payment method used.
Kraken's fee structure is more complex than Bitstamp's. The exchange charges a fee ranging from 0% to 0.26% depending on the user's trading volume over the past 30 days. Kraken also charges fees for deposits and withdrawals, which vary depending on the currency and payment method used.
Reputation
Reputation is an important consideration when choosing a cryptocurrency exchange. Both Bitstamp and Kraken have established reputations in the industry and are considered reliable and trustworthy by their users.
Bitstamp is one of the oldest cryptocurrency exchanges in the market, having been founded in 2011. The exchange has a good reputation in the industry, and its user base has continued to grow over the years. Bitstamp has also received positive reviews from users, who praise the exchange's security measures and user-friendly interface.
Kraken is another well-established exchange that has been operating since 2011. The exchange has a good reputation in the industry and is known for its security and reliability. Kraken has also received positive reviews from users, who appreciate the exchange's diverse range of features and advanced trading tools.
User-Friendliness
User-friendliness is an important factor to consider when choosing a cryptocurrency exchange, especially for users who are new to the market. Both Bitstamp and Kraken offer user-friendly interfaces, but there are some differences between the two.
Bitstamp's interface is simple and easy to navigate, making it an excellent choice for beginners. The exchange also offers a mobile app that allows users to trade on-the-go. However, the exchange's limited selection of cryptocurrencies and features may not appeal to more advanced users.
Kraken's interface is more complex than Bitstamp's, but it offers a range of advanced trading tools that appeal to experienced traders. The exchange also offers a mobile app that allows users to trade on-the-go. However, the interface may be overwhelming for beginners who are new to the market.
Conclusion
Both Bitstamp and Kraken are popular cryptocurrency exchanges that offer a range of features to their users. Bitstamp is a simple exchange that focuses on providing users with a straightforward experience, while Kraken offers a more diverse range of features, including margin and futures trading.
Both exchanges take security seriously and have implemented advanced security measures to protect their users' funds and personal information. Fees differ between the two exchanges, with Bitstamp charging a flat fee of 0.5% and Kraken charging a fee that varies depending on the user's trading volume.
In terms of reputation, both exchanges are well-established and considered reliable and trustworthy by their users. Finally, user-friendliness is another important consideration, with Bitstamp offering a simpler interface that may be more appealing to beginners, and Kraken offering a more complex interface that appeals to experienced traders.
Ultimately, the choice between Bitstamp and Kraken will depend on the individual user's needs and preferences. Both exchanges are reputable, secure, and offer a range of features to their users, and the final decision will depend on the user's trading style, experience, and preferred cryptocurrencies.
| Company | ||
|---|---|---|
| User rating | 11 user review | 22 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 11 user review | 22 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bitstamp هي بورصة تشفير تأسست في 2011 من قبل المطورين السلوفينيين Nejc Kodric و Damijan Merlak لتوفير خدمات التشفير للتجار الأوروبيين. كان هذا ردا على الهيمنة المتزايدة للبورصة الآسيوية Mt Gox.
تم تطوير النظام الأساسي ليكون لديه قواعد توجيهية تضمن أن أموال العميل آمنة من الانتهاكات. أصبح تبادل التشفير شائعا لأنه كان من أوائل الأسواق التي سمحت للمستخدمين بشراء العملات المشفرة باستخدام العملات الورقية الشائعة.
|
تأسست كراكن مرة أخرى في عام 2011 ولكن افتتح رسميا بعد ذلك بعامين. وهي واحدة من أقدم التبادلات عملة معماة النشطة. يوفر كراكن فرص تداول فعالة في العديد من العملات الورقية. وهي تحتفظ حاليا بالريادة العالمية من حيث أحجام تداول البيتكوين إلى اليورو. تدعم البورصة كلا من الودائع المشفرة والودائع الورقية وكذلك عمليات السحب.
|
Founding Date
| 2011 | 2011 |
Country
| Slovenia | USA |
Type
| Centralized | Centralized |
Languages
| English | English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Bitstamp Ltd 5 New Street Square London EC4A 3TW United Kingdom | Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
Fees
|
Fee % | 30 days USD volume 0.50% < $10,000 0.25% < $20,000 0.24% < $100,000 0.22% < $200,000 0.20% < $400,000 0.15% < $600,000 0.14% < $1,000,000 0.13% < $2,000,000 0.12% < $4,000,000 0.11% < $20,000,000 0.10% < $50,000,000 0.07% < $100,000,000 0.05% < $500,000,000 0.03% < $2,000,000,000 0.01% < $6,000,000,000 0.005% < $10,000,000,000 0.0% > $10,000,000,000 Full fee schedule: https://www.bitstamp.net/fee-schedule/ |
< 50,000$: 0.16% Maker | 0.26% Taker < 100,000$: 0.14% Maker | 0.24% Taker < 250,000$: 0.12% Maker | 0.22% Taker < 500,000$: 0.10% Maker | 0.20% Taker < 1,000,000$: 0.08% Maker | 0.18% Taker < 2,500,000$: 0.06% Maker | 0.16% Taker < 5,000,000$: 0.04% Maker | 0.14% Taker < 10,000,000$: 0.02% Maker | 0.12% Taker > 10,000,000$: 0.00% Maker | 0.10% Taker Full fee schedule: https://www.kraken.com/en-us/features/fee-schedule https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums |
| About |
Bitstamp هي بورصة تشفير تأسست في 2011 من قبل المطورين السلوفينيين Nejc Kodric و Damijan Merlak لتوفير خدمات التشفير للتجار الأوروبيين. كان هذا ردا على الهيمنة المتزايدة للبورصة الآسيوية Mt Gox.
تم تطوير النظام الأساسي ليكون لديه قواعد توجيهية تضمن أن أموال العميل آمنة من الانتهاكات. أصبح تبادل التشفير شائعا لأنه كان من أوائل الأسواق التي سمحت للمستخدمين بشراء العملات المشفرة باستخدام العملات الورقية الشائعة.
|
تأسست كراكن مرة أخرى في عام 2011 ولكن افتتح رسميا بعد ذلك بعامين. وهي واحدة من أقدم التبادلات عملة معماة النشطة. يوفر كراكن فرص تداول فعالة في العديد من العملات الورقية. وهي تحتفظ حاليا بالريادة العالمية من حيث أحجام تداول البيتكوين إلى اليورو. تدعم البورصة كلا من الودائع المشفرة والودائع الورقية وكذلك عمليات السحب.
|
|---|---|---|
| Founding Date | Founding Date 2011 | Founding Date 2011 |
| Country | Country Slovenia | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English | Languages English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Bitstamp Ltd 5 New Street Square London EC4A 3TW United Kingdom | Full address Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
| Fees |
Fees
Fee % | 30 days USD volume 0.50% < $10,000 0.25% < $20,000 0.24% < $100,000 0.22% < $200,000 0.20% < $400,000 0.15% < $600,000 0.14% < $1,000,000 0.13% < $2,000,000 0.12% < $4,000,000 0.11% < $20,000,000 0.10% < $50,000,000 0.07% < $100,000,000 0.05% < $500,000,000 0.03% < $2,000,000,000 0.01% < $6,000,000,000 0.005% < $10,000,000,000 0.0% > $10,000,000,000 Full fee schedule: https://www.bitstamp.net/fee-schedule/ |
Fees
< 50,000$: 0.16% Maker | 0.26% Taker < 100,000$: 0.14% Maker | 0.24% Taker < 250,000$: 0.12% Maker | 0.22% Taker < 500,000$: 0.10% Maker | 0.20% Taker < 1,000,000$: 0.08% Maker | 0.18% Taker < 2,500,000$: 0.06% Maker | 0.16% Taker < 5,000,000$: 0.04% Maker | 0.14% Taker < 10,000,000$: 0.02% Maker | 0.12% Taker > 10,000,000$: 0.00% Maker | 0.10% Taker Full fee schedule: https://www.kraken.com/en-us/features/fee-schedule https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums |
Trading
Bitstamp trading volume is 4,294,967,295.0. The exchange has 29 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Kraken trading volume is 90,468,680.0. The exchange has 99 available trading pairs. Fiat trading is available on the exchange. Margin trading is available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 4294967295 | 90468680 |
Pairs
| 29 | 99 |
Coins
| 7 | 26 |
Fiat trading
| - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Transaction Mining | Percentage |
Margin
| - |
| Volume | Volume 4294967295 | Volume 90468680 |
|---|---|---|
| Pairs | Pairs 29 | Pairs 99 |
| Coins | Coins 7 | Coins 26 |
| Fiat trading | Fiat trading - | Fiat trading |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Transaction Mining | Fees Percentage |
| Margin | Margin - | Margin |
Safety
Two factor authentication
Verified
| Unverified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Verified |
Social
Website
| links.bitstamp.net | r.kraken.com |
| @bitstamp | Krakenfx |
Number of followers
| 349900 | 376000 |
| Website | Website links.bitstamp.net | Website r.kraken.com |
|---|---|---|
| Twitter @bitstamp | Twitter Krakenfx | |
| Number of followers | Number of followers 349900 | Number of followers 376000 |
Rating
| User rating | 11 user review | 22 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitstamp user rating is 4.1, based on 11 user reviews. Kraken user rating is 3.5, based on 22 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Bitstamp with Kraken. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Bitstamp was founded in 2011 in Slovenia. Kraken was founded in 2011 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Bitstamp is Centralized and Kraken is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitstamp has a mobile app available for iOS and Android. Kraken has a mobile app available for iOS and Android.
Bitstamp has 1 language available, which is English. Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese.