Kraken vs Gemini: Which is Best? [2024]
Key differences
- Gemini has slightly lower trading fees overall compared to Kraken.
- Kraken has a much larger user base with around 10M users compared to Gemini's 1.8M users.
- Kraken supports more cryptocurrencies than Gemini.
Kraken vs Gemini Fees Calculator
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Kraken vs Gemini in Comparison
Description
Popular and well-known exchange based in the USA.
Popular and well-known exchange based in the USA.
Supported Countries
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.
Available in over 60 countries globally including United States, United Kingdom, France, Germany, Italy, Spain and Brazil. Supports all 50 U.S. states and territories.
Supported Cryptocurrencies
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.
Over 70 cryptocurrencies including native assets like Bitcoin (BTC), Ethereum (ETH), Filecoin (FIL), Zcash (ZEC), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Tezos (XTZ), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), XRP, Cosmos (ATOM), Optimism (OP) and more.
Fees
- Withdrawal Fees:
- ACH: Free
- Wire Transfer: $25
- SEPA: Free
- SWIFT: $25
- BTC: Network fees vary
- Mobile/Web Instant Orders:
- Under $10: $0.99 flat fee
- Over $200: 1.49% + 0.5% convenience fee
- Mobile/Web Limit Orders:
- Maker: 0.20%
- Taker: 0.40%
- Stablecoin-USD:
- Maker: Free
- Taker: 0.01%
- Crypto Conversion: 1.49%
- Staking: 15%
- ACH/Wire Transfers: Free
Payment Methods
ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, Instant Verification
ACH, Bank Account, PayPal, Apple Pay, Debit Card, Google Pay
Do These Exchanges Allow you To Earn Interest on Crypto?
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).
Mobile App Ratings
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.
iOS Rating: 4.8 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.2 Official rating from the Android Play Store as of November 18, 2024.
Storage
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.
Gemini is the world's first SOC1 Type 2 and SOC2 Type 2 certified crypto exchange and custodian. The platform features industry-leading security controls including mandatory 2FA, hardware security key support, and address allowlisting for withdrawals.
Regular third-party security assessments including SOC2 Type 2, ISO 27001 certification, and annual penetration testing verify security practices.
All customer assets are fully secured with institutional-grade storage solutions.
Have These Exchanges Been Hacked Before?
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.
No major hacks, though did lose customer funds during the Genesis bankruptcy. However, all customer funds were recovered.
Official Site
Exchange Review
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
No review available
"My favorite crypto exchange! The customer service is great and the fees are not as bad as some other exchanges. I've been trading on Gemini for a couple of years and never had an issue. Thanks for the seamless experience guys!"
- Real user review from iOS App Store, Android Play Store or Trustpilot
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