Kraken vs Bitpanda: Which is Best? [2024]

Bitpanda

Crypto exchange based in the EU.

Kraken

Popular and well-known exchange based in the USA.

Bitpanda

Available in over 40 countries across Europe including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and more. Temporarily unavailable in UK.

Kraken

Available in over 190 countries globally with some restrictions. Not available in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other restricted regions. Some European countries have restrictions on specific services like futures trading.

Bitpanda

Over 120 cryptocurrencies supported including BTC, ETH, DASH, LTC, BCH, XRP and various tokens (ERC20, BEP20, TRC20). Also offers trading in stocks, ETFs, commodities and precious metals.

Kraken

Over 200 cryptocurrencies supported including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, LUNA2, ATOM, ALGO, APT, ARB, FTM, NEAR, OP, PYUSD, STRK, SUI, TON, TRX, XLM, XMR, XTZ and many more across multiple networks including Ethereum, Solana, Bitcoin, Polygon, Arbitrum, and others.

Bitpanda

• Trading Fees:
• Buy/Sell Premium: 1.49%
• Spread: ~0.2%
• SEPA Deposits: Free
• SEPA Withdrawals: Free
• Card Payments: 1.5%
• BTC Network Fees: Vary

Kraken

• Withdrawal Fees:
• ACH: Free
• Wire Transfer: $25
• SEPA: Free
• SWIFT: $25
• BTC: Network fees vary

Bitpanda

iDEAL, SEPA, Bank Account, Credit Card, Debit Card, giropay, EPS, SOFORT, Skrill, NETELLER, Google Pay

Kraken

ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, Instant Verification

Bitpanda

2.65%

EUR 3.95%, USD 3.96%, GBP 3.96%.

Kraken

0.15% - 6.5%

Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).

Bitpanda

iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 3.5 Official rating from the Android Play Store as of November 18, 2024.

Kraken

iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.3 Official rating from the Android Play Store as of November 18, 2024.

Bitpanda

Comprehensive security measures including SOC 2 Type 1 certification, secure password hashing with no decryption possible, multi-factor authentication (MFA), account freeze capabilities, session management across devices, account activity monitoring, phishing domain monitoring and takedown, data breach notifications, and fraud warning systems via both on-platform messages and SMS alerts where supported.

Kraken

Industry-leading security with ISO/IEC 27001:2013 certification and SOC 2 Type 1 examination. Funds stored in secure cold storage with 24/7 armed guard surveillance. Features include advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing. No phone/SMS recovery to prevent SIM swap attacks. Expert security team with constant monitoring and testing.

Bitpanda

No. Bitpanda has never been hacked and maintains strong security measures including SOC 2 Type 1 certification, multi-factor authentication, secure password hashing, account monitoring, and phishing protection.

Kraken

Yes, Kraken was hacked in June 2024, but the crypto exchange was able to fix the breach within 47 minutes and no client funds were lost.

Bitpanda

bitpanda.com

Kraken

kraken.com

Bitpanda

No review available

"Everything works great and the support is fast and reliable. However, would love to have a summary of my personal portfolio. Two examples: a daily price evaluation, comparing the evolution of the last 24h, and a comparison of the current price with that at acquisition. Otherwise, great app Edit: the last update dealt with the problemas I mentioned, great work! 5 stars. If possible, show not only the variation in fiat but also the percentage."
- Real user review from iOS App Store, Android Play Store or Trustpilot

Kraken

No review available

"What a fantastic trading platform. Wonderful to have it as the mobile version, being able to work your trades on the go. Keeping up with the portfolio just became incredibly easy! Love you guys and thank you for the work. New trader here! The interface is easy to navigate and a pleasure on the eyes. The setup is notable, and perhaps there should be instructions provided in the app upon first launch. :)"
- Real user review from iOS App Store, Android Play Store or Trustpilot