Compare Bittrex vs Kraken
Bittrex and Kraken are two of the most well-established cryptocurrency exchanges in the market. Both exchanges offer a variety of features and benefits, making them popular among cryptocurrency traders. In this review, we will compare Bittrex and Kraken based on key criteria such as fees, security, user experience, supported cryptocurrencies, and more.
Fees
Fees are a critical consideration when choosing an exchange. Bittrex charges a flat fee of 0.25% for all trades. The exchange also charges withdrawal fees that vary depending on the cryptocurrency.
Kraken's fee structure is a bit more complicated. The exchange offers a tiered fee structure based on trading volume, with fees ranging from 0.16% to 0.26%. Kraken also charges a deposit fee for some funding methods, and withdrawal fees that vary depending on the cryptocurrency.
Supported Cryptocurrencies
Bittrex offers support for a wide range of cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, and many others. The exchange also offers trading pairs for a variety of fiat currencies, including USD, EUR, and GBP.
Kraken also offers support for a wide range of cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, and many others. Kraken also offers trading pairs for a variety of fiat currencies, including USD, EUR, CAD, and JPY.
Security
Security is of utmost importance when it comes to cryptocurrency exchanges. Bittrex takes security seriously and employs a range of advanced security measures to protect user funds. These measures include 2FA, SSL encryption, and cold storage for the majority of user funds.
Kraken is also known for its strong security measures. The exchange stores the majority of its user funds in offline cold storage, and employs 2FA and SSL encryption to protect user accounts.
User Experience
The user experience is an essential aspect to consider when comparing cryptocurrency exchanges. Bittrex has a user-friendly platform that is easy to navigate, making it an excellent choice for novice traders. The platform is also available in multiple languages, making it accessible to users around the world.
Kraken also has a user-friendly platform that is easy to navigate, making it an excellent choice for novice traders. The platform is available in multiple languages, making it accessible to users around the world. In addition, Kraken has a mobile app that is available for both iOS and Android, making it easy for users to manage their accounts on the go.
Customer Support
Customer support is an important consideration when choosing a cryptocurrency exchange. Bittrex offers customer support via email and social media. The exchange also has an extensive FAQ section that covers a wide range of topics, making it easy for users to find answers to their questions.
Kraken offers customer support via email and live chat. The exchange also has an extensive FAQ section and a knowledge base that covers a wide range of topics. Kraken also has a dedicated phone support line for users in the US and Canada.
Reputation
Both Bittrex and Kraken have good reputations in the cryptocurrency community. Bittrex has received positive reviews for its competitive fees, user-friendly platform, and strong security measures. Kraken has received positive reviews for its user-friendly platform, strong security measures, and reliability.
Conclusion
In conclusion, Bittrex and Kraken are both reputable cryptocurrency exchanges that offer a range of features and benefits. Bittrex is an excellent choice for users looking for a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies. Kraken is a good choice for users looking for a reliable and secure platform with a mobile app and phone support. Ultimately, the choice between the two will depend on the individual user's preferences and needs.
| Company | ||
|---|---|---|
| User rating | 12 user reviews | 21 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 12 user reviews | 21 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bittrex was founded in 2014 in Seattle, USA. There is also a Bittrex International division, which is based in Europe. The list of coins and pairs is reaching hundreds which is great for many trading opportunities.
|
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.
|
Founding Date
| 2014 | 2011 |
Country
| USA | USA |
Type
| Centralized | Centralized |
Languages
| English, Russian, Chinese | English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Bittrex LLC Seafirst Fifth Avenue Plaza 800 Fifth Ave., Suite 4100 Seattle WA, 98104 | Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
Fees
|
30 Day Volume (USD) | Maker / Taker $0K - $50K 0.20% 0.20% $50K - $1M 0.12% 0.18% $1M - $10M 0.05% 0.15% $10M - $60M 0.02% 0.10% $60M+ 0.00% 0.08% Full fee schedule: https://bittrexglobal.zendesk.com/hc/en-us/articles/360009688359-US-Dollar-fiat-Trading-Deposits-and-Withdrawals https://bittrexglobal.zendesk.com/hc/en-us/articles/360012679299-Fiat-Euro-Trading-Deposits-and-Withdrawals |
< 50,000$: 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 |
Bittrex was founded in 2014 in Seattle, USA. There is also a Bittrex International division, which is based in Europe. The list of coins and pairs is reaching hundreds which is great for many trading opportunities.
|
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2011 |
| Country | Country USA | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Russian, Chinese | 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 Bittrex LLC Seafirst Fifth Avenue Plaza 800 Fifth Ave., Suite 4100 Seattle WA, 98104 | 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
30 Day Volume (USD) | Maker / Taker $0K - $50K 0.20% 0.20% $50K - $1M 0.12% 0.18% $1M - $10M 0.05% 0.15% $10M - $60M 0.02% 0.10% $60M+ 0.00% 0.08% Full fee schedule: https://bittrexglobal.zendesk.com/hc/en-us/articles/360009688359-US-Dollar-fiat-Trading-Deposits-and-Withdrawals https://bittrexglobal.zendesk.com/hc/en-us/articles/360012679299-Fiat-Euro-Trading-Deposits-and-Withdrawals |
Fees
< 50,000$: 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
Bittrex trading volume is 19,637,933.0. The exchange has 356 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
| 19637933 | 90468680 |
Pairs
| 356 | 99 |
Coins
| 273 | 26 |
Fiat trading
| - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 19637933 | Volume 90468680 |
|---|---|---|
| Pairs | Pairs 356 | Pairs 99 |
| Coins | Coins 273 | Coins 26 |
| Fiat trading | Fiat trading - | Fiat trading |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin |
Safety
Two factor authentication
Verified
| Verified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Verified |
Social
Website
| international.bittrex.com | r.kraken.com |
| @bittrexexchange | Krakenfx |
Number of followers
| 772127 | 376000 |
| Website | Website international.bittrex.com | Website r.kraken.com |
|---|---|---|
| Twitter @bittrexexchange | Twitter Krakenfx | |
| Number of followers | Number of followers 772127 | Number of followers 376000 |
Rating
| User rating | 12 user reviews | 21 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bittrex user rating is 3.8, based on 12 user reviews. Kraken user rating is 3.4, based on 21 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 Bittrex 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. Bittrex was founded in 2014 in USA. 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, which is Kraken. At the same time, newer projects may be more technologically advanced.
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.
Bittrex is Centralized and Kraken is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bittrex has a mobile app available for iOS and Android. Kraken has a mobile app available for iOS and Android.
Bittrex has 3 languages available, including English, Russian and Chinese. Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese.