Compare Kraken vs LakeBTC

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On this page, you can compare Kraken with LakeBTC. 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. Kraken was founded in 2011 in USA. LakeBTC was founded in 2013 in China.

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.

Kraken is Centralized and LakeBTC is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Kraken has a mobile app available for iOS and Android. LakeBTC doesn't have a mobile app.

Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese. LakeBTC has 6 languages available, including English, Japanese, Brazilian Portuguese, French, Spanish and Swedish.

Company
User rating User rating 3.4 / 5 21 user review User rating 2 / 5 3 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 1 / 5
Trust Score How it works Trust Score 4.08 / 5 Trust Score 3.18 / 5

User rating

3.4 / 5 21 user review 2 / 5 3 user review

Cryptogeek rating

4 / 5 1 / 5

Trust Score

How it works
4.08 / 5 3.18 / 5

About

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.
LakeBTC is one of the oldest exchanges on the market. It had been found back in 2013 and it still has the Asian audience as the priority. The presence of different deposit types are making the exchange interesting for a starting traders. From another point of view the service is reported to be buggy from time to time and some complaints about the support service can be found over the internet. The company also provides the wallet alongside with the exchange, but it is a questionable decision to have both the exchange and the wallet with the same company. Unfortunately, it seems that LakeBTC has ceased its operations although there is no official statement to confirm that.

Founding Date

2011 2013

Country

USA China

Type

Centralized Centralized

Languages

English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese English, Japanese, Brazilian Portuguese, French, Spanish, Swedish

Mobile app

iOS, Android -

Full address

Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands Suite 606, 231-1 Ludi Avenue, Kunshan, Jiangsu, China Postal Code: 215332

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
Taker: 0.2%
Maker: 0%, if your past calendar month volume > 20,000 BTC.
0.02%, if volume > 15,000 BTC
0.04%, if volume > 6000 BTC
0.06%, if volume > 3000 BTC.
0.10%, if volume > 500 BTC.
0.15%, otherwise.
About
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.
LakeBTC is one of the oldest exchanges on the market. It had been found back in 2013 and it still has the Asian audience as the priority. The presence of different deposit types are making the exchange interesting for a starting traders. From another point of view the service is reported to be buggy from time to time and some complaints about the support service can be found over the internet. The company also provides the wallet alongside with the exchange, but it is a questionable decision to have both the exchange and the wallet with the same company. Unfortunately, it seems that LakeBTC has ceased its operations although there is no official statement to confirm that.
Founding Date Founding Date 2011 Founding Date 2013
Country Country USA Country China
Type Type Centralized Type Centralized
Languages Languages English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian, Taiwanese Languages English, Japanese, Brazilian Portuguese, French, Spanish, Swedish
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address Payward Trading Ltd c/o SHRM Trustees (BVI) Limited Trinity Chambers, P.O. Box 4301 Road Town, Tortola, VG1110 British Virgin Islands Full address Suite 606, 231-1 Ludi Avenue, Kunshan, Jiangsu, China Postal Code: 215332
Fees 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
Fees Taker: 0.2%
Maker: 0%, if your past calendar month volume > 20,000 BTC.
0.02%, if volume > 15,000 BTC
0.04%, if volume > 6000 BTC
0.06%, if volume > 3000 BTC.
0.10%, if volume > 500 BTC.
0.15%, otherwise.

Trading

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.

LakeBTC trading volume is 10,626,207.0. The exchange has 12 available trading pairs. Fiat trading is available on the exchange. Margin trading is not 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

90468680 10626207

Pairs

99 12

Coins

26 13

Fiat trading

Deposit

Depends on currency and volume Depends on currency and volume

Fees

Percentage Percentage

Margin

-
Volume Volume 90468680 Volume 10626207
Pairs Pairs 99 Pairs 12
Coins Coins 26 Coins 13
Fiat trading Fiat trading Fiat trading
Deposit Deposit Depends on currency and volume Deposit Depends on currency and volume
Fees Fees Percentage Fees Percentage
Margin Margin Margin -

Safety

Two factor authentication

Verified

Verified Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Verified Verified Unverified

Social

Website

r.kraken.com www.lakebtc.com

Twitter

Krakenfx @LakeBTC

Number of followers

376000 2064
Website Website r.kraken.com Website www.lakebtc.com
Twitter Twitter Krakenfx Twitter @LakeBTC
Number of followers Number of followers 376000 Number of followers 2064

Rating

User rating User rating 3.4 / 5 21 user review User rating 2 / 5 3 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 1 / 5

Cryptogeek summary

Kraken user rating is 3.4, based on 21 user reviews. LakeBTC user rating is 2, based on 3 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?
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Trust Score: 4.08 / 5
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Trust Score: 3.18 / 5
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On this page, you can compare Kraken with LakeBTC. 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. Kraken was founded in 2011 in USA. LakeBTC was founded in 2013 in China.

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.

Kraken is Centralized and LakeBTC is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Kraken has a mobile app available for iOS and Android. LakeBTC doesn't have a mobile app.

Kraken has 14 languages available, including English, Japanese, Portuguese, French, Spanish, Italian, Russian, Chinese, Vietnamese, Turkish, Filipino, Thai, Ukrainian and Taiwanese. LakeBTC has 6 languages available, including English, Japanese, Brazilian Portuguese, French, Spanish and Swedish.