Compare Bittrex vs Kraken
In the vast world of cryptocurrency, two platforms have risen through the ranks, gathering attention from both professional traders and casual enthusiasts alike - Bittrex and Kraken. The services they offer beg the question of which platform outperforms the other. This article excavates deeper into the various distinctive and complementary features of Bittrex and Kraken, comparing them on several key factors including user interface, security, transaction fees, and supported currencies.
| Company | ||
|---|---|---|
| User rating | 12 user review | 21 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 12 user review | 21 user review |
Cryptogeek rating
Trust Score
How it worksAbout
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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.
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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 review | 21 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
In conclusion, both Bittrex and Kraken serve as potent platforms for cryptocurrency trading, each with their own strengths and areas of specialization. Your choice between the two largely relies on personal preferences and needs. While Bittrex offers a larger pool of cryptocurrencies, Kraken paves its way with robust security measures and user-friendly interface. By juxtaposing these two giants, this reading has provided a comprehensive insight required to make an informed decision for your cryptocurrency trading journey.
| 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.