Andras Crow-Hreidar 
The Kraken and Crypto.com exchanges offer a wide range of cryptocurrency trading options. However, each business has unique features and benefits, making it a better choice for different types of traders. This article examines the differences between Kraken and Crypto.com so you can decide which exchange best fits you.
Kraken Overview
Kraken is an exchange that offers a broad range of trading options, including spot trading, margin trading, and futures trading. Kraken is also known for its advanced trading tools and security features.
Crypto.com Overview
Crypto.com is a newer exchange that was established in 2016. The business offers an easy-to-use platform that makes buying, selling, and storing cryptocurrencies easy. Additionally, Crypto.com provides several other features, including a debit card that enables you to spend your cryptocurrency in real-world settings.
Kraken vs. Crypto.com: Which Crypto Exchange Should You Choose?
Fees
It is important to note that Kraken and Crypto.com charge fees for trading on their platforms, but Kraken’s fees are generally lower than Crypto.com’s. For example, Kraken charges a fee of 0.16% to 0.26% for spot trading, whereas Crypto.com charges a fee of 0.10% to 0.40%.
Crypto.com’s lower fees may be more appealing if you intend to trade frequently or with large volumes. If you hold CRO, Kraken’s tiered fee system may be more cost-effective.
Cryptocurrencies Available
While Kraken and Crypto.com offer an array of cryptocurrencies for trading, Crypto.com provides a more extensive selection. Crypto.com currently supports over 100 cryptocurrencies, while Kraken supports around 60.
However, Kraken offers a broader range of trading pairs and fiat currencies, making it a better choice for those who require a more comprehensive selection.
User Experience
Although both Kraken and Crypto.com offer user-friendly platforms that are easy to navigate, Crypto.com’s platform is generally considered more intuitive and beginner-friendly.
Customer Support
Regarding customer support, both Kraken and Crypto.com offer 24/7 customer support through email and live chat. Kraken also provides phone support for users.
Kraken is known for providing excellent customer support, with knowledgeable representatives and fast response times. Crypto.com’s customer support is generally good, but some users have reported slower response times.
Security
Kraken and Crypto.com take security seriously and offer a range of security measures to protect user funds. However, Kraken has a more substantial reputation for safety, with 95% of its funds in cold storage. Crypto.com, on the other hand, holds around 10% of its funds in cold storage.
Conclusion
Overall, both Kraken and Crypto.com are reputable and reliable cryptocurrency exchanges. However, your best choice will depend on your needs and preferences.
Kraken may be your best option if you are looking for lower fees and advanced trading tools. Crypto.com may be a better option if you wish to purchase a wide range of cryptocurrencies and have a user-friendly platform. You should always research to select the exchange that meets your needs and fits your investment strategy.
