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Kraken vs. eToro

Kraken and eToro both provide a variety of benefits, but one stands out. Find out which cryptocurrency exchange comes out on top.

Deciding which exchange to sign up for when you enter the world of cryptocurrencies means a lot of information to sift through. Luckily, we’ve done side-by-side comparisons of all the top exchanges.

Kraken is a globally accessible crypto exchange that offers a variety of other services. eToro offers both crypto and traditional finance investment options to users. Find out which is better when we compare eToro vs. Kraken.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Round 1: eToro vs. Kraken on vital statistics

Kraken Cryptocurrency ExchangeeToro USA LLC Cryptocurrency Trading
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Registered
Exchange locationUSAUSA
Offers a debit card
Go to site
More Info
More Info
Kraken and eToro are both US-based trading platforms with Financial Conduct Authority (FCA) compliance. Kraken is a much more crypto-focused platform, though, with a larger offering, NFT support plus futures and derivatives trading.

On the other hand, eToro offers users cryptocurrencies as well as stocks and commodities within the same platform. It features a Visa debit card while Kraken doesn’t. eToro also offers Copy Trading where users can copy the trading habits and portfolio of successful traders.

Winner: eToro


Round 2: Supported coins

Kraken Cryptocurrency ExchangeeToro USA LLC Cryptocurrency Trading
Number of tradeable crypto assets261106
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More Info
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Both platforms offer the major crypto assets including Ripple (XRP).

But Kraken supports far more cryptocurrency coins and tokens than eToro does. Kraken also has far more trading pairs than eToro including direct pairs with most of its supported fiat currencies.

Winner: Kraken


Round 3: Supported fiat currencies

Kraken Cryptocurrency ExchangeeToro USA LLC Cryptocurrency Trading
Number of supported fiat currencies66
Go to site
More Info
More Info
Kraken supports about twice as many fiat currencies as eToro does. In addition, it has trading pairs for crypto assets with almost all of its supported fiat currencies.

eToro only has support for USD, EUR and GBP, with trading pairs for USD only. eToro has more funding options for its supported fiat than Kraken, such as PayPal and Skrill.

Winner: Kraken


Round 4: Fees and costs

Kraken Cryptocurrency ExchangeeToro USA LLC Cryptocurrency Trading
Deposit FeesACH deposit - Fees vary ($10 minimum deposit)
Credit and debit card - Fees vary ($10 minimum deposit)
Apple Pay or Google Pay - Fees vary ($10 minimum deposit)
Crypto - Free
None. Minimum deposit amount is $10.
Trading FeeMaker: 0-0.16%
Taker: 0.1-0.26%
1% fee for buying or selling cryptoassets
Withdrawal FeesFedWire withdrawal - $4-$35
Crypto - Fees vary depending on coin or token
None
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online bankingBank transfer, Debit card, PayPal, Wire transfer
Go to site
More Info
More Info
When comparing fees and costs between eToro and Kraken, eToro has lower trading fees than Kraken. eToro also has more funding options, with both platforms having comparable deposit and withdrawal fees, though eToro allows free fiat withdrawals over $50.

Winner: eToro


Round 5: Wallets

eToro has its own proprietary wallet while Kraken only has an exchange wallet.

The eToro Money Crypto Wallet lets you transfer Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, Tron, Cardano and Ripple to and from eToro. You can also swap within the wallet and send to another external wallet. You can’t use decentralized apps (dApps) with the eToro Money Crypto wallet.

Winner: eToro


Round 6: Ease of use

Though Kraken provides lots of guides and learning options for users, it’s still an inherently more complex platform to use than eToro. The varying fee structure and multiple buying options can be confusing for new users.

eToroX can be hard to find, but the fees even for the basic eToro buying and selling options are still lower than Kraken. eToro also has a simpler interface and allows you to copy other traders’ strategies for free.

Winner: eToro


Round 7: Security

Neither Kraken or eToro has ever experienced a significant hack, though individual accounts have been compromised.

Kraken takes a proactive approach by offering bug bounties for those who can find issues in Kraken’s security. It also does penetration testing of its systems and has a Kraken Security Labs team.

Neither exchange has a crypto insurance fund, but USD deposits on eToro are insured by the Federal Deposit Insurance Corporation (FDIC).

Winner: Kraken


eToro vs Kraken winner: eToro

Taking four out of seven categories in this comparison, eToro comes out on top compared to Kraken. Kraken provides better security, fiat and crypto support. However, eToro has comparable support in all those categories while also offering lower fees and a proprietary wallet.

eToro also offers more than just crypto investment options for traders. It has a Visa debit card, allowing users to spend their crypto in more places.

Neither exchange is a bad option. If you want to participate in crypto derivatives trading, you’ll need to use Kraken over eToro.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.
Go to site

Capital at risk

View details
Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

Go to site

Capital at risk

View details
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Go to site

Capital at risk

View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.
Go to site

Capital at risk

View details
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Go to site

Capital at risk

View details
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Go to site

Capital at risk

View details
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Go to site

Capital at risk

View details
Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

View details
EXCLUSIVE
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

373

Finder Exclusive: Get 25% discount on all commission for 1 transaction when using promocode Finder25. There is no time limit on the validity of the promo code.
US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Go to site

Capital at risk

View details
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

90

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

15

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

152

Go to site

Capital at risk

View details
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

384

Capital at risk

View details
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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.
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Written by

Evan Jones

Evan Jones was a writer for Finder. Evan was introduced to cryptocurrency during the 2017 bull market and has been writing about it full-time since 2019. Having already completed a degree in history, he has completed an editing certificate. See full profile

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