Compare Hotbit vs Kraken Exchange
On this page, you can compare Hotbit 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. Hotbit was founded in 2017 in China. 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.
Hotbit is Centralized and Kraken is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Hotbit has a mobile app available for iOS and Android. Kraken has a mobile app available for iOS and Android.
Hotbit has 6 languages available, including English, Korean, Russian, Chinese, Vietnamese and Thai. Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese.
| Company | ||
|---|---|---|
| User rating | 87 user reviews | 21 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 87 user reviews | 21 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
|
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
| 2017 | 2011 |
Country
| China | USA |
Type
| Centralized | Centralized |
Languages
| English, Korean, Russian, Chinese, Vietnamese, Thai | English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Central Ave Shanghai, Shanghai 200120, CN | Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
Fees
| BTC 0.00047 Withdrawal Fee • 0.20% Taker Fee • -0.05% Maker Fee |
< 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$: 0.00% Maker | 0.10% Taker Full fee schedule: https://www.kraken.com/en-us/features/fee-schedule https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums |
| About |
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
|
Kraken was founded back in 2011 but was officially opened two years later. It is one of the oldest active cryptocurrency exchanges. Kraken provides efficient trading opportunities in numerous Fiat currencies. It is currently holding the world leadership in terms of Bitcoin to Euro trading volumes. The exchange supports both crypto and Fiat deposits as well as withdrawals.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2011 |
| Country | Country China | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Russian, Chinese, Vietnamese, Thai | Languages English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Central Ave Shanghai, Shanghai 200120, CN | Full address Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands |
| Fees | Fees BTC 0.00047 Withdrawal Fee • 0.20% Taker Fee • -0.05% Maker Fee |
Fees
< 50,000$: 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
Hotbit trading volume is 720,191,869.0. The exchange has 675 available trading pairs. Fiat trading is 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
| 720191869 | 90468680 |
Pairs
| 675 | 99 |
Coins
| 287 | 26 |
Fiat trading
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 720191869 | Volume 90468680 |
|---|---|---|
| Pairs | Pairs 675 | Pairs 99 |
| Coins | Coins 287 | 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
| Unverified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Verified |
Social
Website
| www.hotbit.io | r.kraken.com |
| @Hotbit_news | Krakenfx |
Number of followers
| 3211 | 376000 |
| Website | Website www.hotbit.io | Website r.kraken.com |
|---|---|---|
| Twitter @Hotbit_news | Twitter Krakenfx | |
| Number of followers | Number of followers 3211 | Number of followers 376000 |
Rating
| User rating | 87 user reviews | 21 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Hotbit user rating is 2.4, based on 87 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 Hotbit 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. Hotbit was founded in 2017 in China. 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.
Hotbit is Centralized and Kraken is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Hotbit has a mobile app available for iOS and Android. Kraken has a mobile app available for iOS and Android.
Hotbit has 6 languages available, including English, Korean, Russian, Chinese, Vietnamese and Thai. Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese.