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Kraken vs. Gemini: Which cryptocurrency exchange is better?

Gemini and Kraken are both world-class exchanges – find out which one is better for cryptocurrency beginners.

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.

Kraken and Gemini are both long-standing and reputable cryptocurrency exchanges. They were founded in 2014 and 2011, respectively.

The thing that Kraken and Gemini have in common is they both pursue a route of compliance with respect to security and regulators. Both companies are global cryptocurrency exchanges, and offer a wide range of services such as trading and earning.

Find out the winner of a comparison between Kraken and Gemini.

Round 1: Kraken vs. Gemini on vital statistics

The first interesting thing about these cryptocurrency exchanges is that both are registered. This speaks to their commitment to conform to regulations, which helps establish trust with customers.

Both exchanges offer quality services, but their range of cryptocurrencies is lacking, as is the number of use cases. From a vital statistics point of view, these exchanges offer many of the same things at similar quality levels.

Kraken Cryptocurrency ExchangeGemini Cryptocurrency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Registered
Exchange locationUSAUnited States, Australia
Offers a debit card
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More Info
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Winner: Draw


Round 2: Supported coins

Kraken and Gemini are neck and neck in terms of how many cryptocurrencies their platforms offer. However, there are a couple of key differences in which cryptocurrencies are offered.

For example, Kraken has opted to not support XRP, whereas Gemini offers XRP trading. Both exchanges have curated a unique set of coins for their users.

Kraken Cryptocurrency ExchangeGemini Cryptocurrency Exchange
Number of tradeable crypto assets261152
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More Info
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More Info

Winner: Draw


Round 3: Supported fiat currencies

The number of fiat currencies Kraken and Gemini offer is very similar. Gemini only has a slight edge due to its offering of SGD and HKD.

Both exchanges support the major currencies such as USD, CAD, EUR, GBP and AUD.

Kraken Cryptocurrency ExchangeGemini Cryptocurrency Exchange
Number of supported fiat currencies67
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More Info
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Winner: Gemini


Round 4: Fees and costs

Kraken comes to this round with a much simpler fees and costs structure for cryptocurrency beginners. Gemini has a fee on trades over $200 and flat rates on orders beneath that threshold. Then there is a convenience fee. Kraken has rates that decrease based on your monthly exchange volume. This is a much simpler and cheaper schema for beginners.

Kraken Cryptocurrency ExchangeGemini Cryptocurrency Exchange
Minimum deposits$0
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
Cryptocurrency: None
Bank transfer (ACH): None, bank fees may apply
Wire Transfer: Determined by your bank
Debit Card: 3.49% + Trading Fees
Paypal: 2.50% of total deposit amount + Trading Fees
Trading FeeMaker: 0-0.16%
Taker: 0.1-0.26%
Taker fee - 0.03-0.4%
Maker fee - 0-0.2%
Withdrawal FeesFedWire withdrawal - $4-$35
Crypto - Fees vary depending on coin or token
Cryptocurrency: None (for 10 withdrawals and below per month)
Others: None (for 10 withdrawals and below per month)
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online bankingBank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT
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More Info
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Winner: Kraken


Round 5: Wallets

Neither Kraken nor Gemini have created their own wallet for their users. Despite the exchanges having been around a long time, both have opted to optimize their trading platforms, and not venture into wallet territory. They recommend that users take advantage of noncustodial wallets.

Winner: Draw


Round 6: Ease of use

Gemini has a slight edge over Kraken here due to its better designed and more intuitive user interface. Kraken’s interface is difficult to navigate making it challenging for beginners. Both exchanges offer tutorials, guides and learning portals for teaching users how to navigate their platforms.

Winner: Gemini


Round 7: Security

Kraken and Gemini have never been hacked before. They both have a long track record of adhering to security best practices and encouraging users to do the same. They both advocate for strong user-focused security such as 2FA, and address whitelisting.

In terms of insurance, Gemini has one of the largest amounts of insurance of any cryptocurrency exchange. Kraken has opted for self-insurance, and has a longer track record of not being hacked.

Winner: Gemini


Gemini vs. Kraken Winner: Gemini

Although many of the rounds ended in a tie, Gemini won overall.

It was close because both exchanges are top-notch and provide world-class service. The features that gave Gemini a slight edge was its offering of fiat currencies and its well-designed user interface. To top it off, its large insurance fund tends to give skeptical cryptocurrency beginners a better feeling when putting their money on an exchange.

For all these reasons, Gemini wins against Kraken for best cryptocurrency exchange for beginners.

Go to Gemini's website

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.
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Capital at risk

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

0

369

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

50

743

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Capital at risk

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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.
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Capital at risk

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

8

1607

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Capital at risk

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

8

222

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Capital at risk

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

35

338

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Capital at risk

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

27

237

Capital at risk

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

42

373

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US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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Capital at risk

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

3

90

Capital at risk

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

6

15

Capital at risk

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

7

152

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Capital at risk

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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

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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.

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
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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.
Keegan Francis's headshot
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Writer

Keegan Francis was a cryptocurrency writer for Finder. He has been invested in cryptocurrencies since 2013 and writing about them since 2018. He has written and edited for CryptoVantage. In 2020 he and his wife Mrugakshee Palwe opted entirely out of the world of traditional finance and went "full crypto", covering their experience in the Go Full Crypto podcast and via a Substack newsletter. Keegan holds a Bachelor of Computer Science from Acadia University, and has attained graduate certificates from Ivan On Tech's lightning network course and the Consensys Academy Ethereum bootcamp. When Keegan is not working on cryptocurrency, he enjoys travelling, rock climbing and playing piano. See full bio

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