Compare Coinbit vs Kraken Exchange
On this page, you can compare Coinbit 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. Coinbit was founded in 2018 in South Korea. 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.
Coinbit is Centralized and Kraken is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbit has a mobile app available for iOS and Android. Kraken has a mobile app available for iOS and Android.
Coinbit has 3 languages available, including English, Korean and Vietnamese. Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese.
| Company | ||
|---|---|---|
| User rating | 1 user review | 21 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 1 user review | 21 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.
|
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
| 2018 | 2011 |
Country
| South Korea | USA |
Type
| Centralized | Centralized |
Languages
| English, Korean, Vietnamese | English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
Fees
| No data |
< 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$: 0.00% Maker | 0.10% Taker Full fee schedule: https://www.kraken.com/en-us/features/fee-schedule https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums |
| About |
Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.
|
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.
|
|---|---|---|
| Founding Date | Founding Date 2018 | Founding Date 2011 |
| Country | Country South Korea | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Vietnamese | Languages English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
| Fees | Fees No data |
Fees
< 50,000$: 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
Coinbit trading volume is 43,641,047.0. The exchange has 55 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
| 43641047 | 90468680 |
Pairs
| 55 | 99 |
Coins
| 58 | 26 |
Fiat trading
| - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Transaction Mining | Percentage |
Margin
| - |
| Volume | Volume 43641047 | Volume 90468680 |
|---|---|---|
| Pairs | Pairs 55 | Pairs 99 |
| Coins | Coins 58 | 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
| www.coinbit.co.kr | r.kraken.com |
| @coinbit_coinbit | Krakenfx |
Number of followers
| 12500 | 376000 |
| Website | Website www.coinbit.co.kr | Website r.kraken.com |
|---|---|---|
| Twitter @coinbit_coinbit | Twitter Krakenfx | |
| Number of followers | Number of followers 12500 | Number of followers 376000 |
Rating
| User rating | 1 user review | 21 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Coinbit user rating is 4, based on 1 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 Coinbit 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. Coinbit was founded in 2018 in South Korea. 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.
Coinbit is Centralized and Kraken is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbit has a mobile app available for iOS and Android. Kraken has a mobile app available for iOS and Android.
Coinbit has 3 languages available, including English, Korean and Vietnamese. Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese.