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Kraken vs. KuCoin: Which crypto exchange is better?

Both are popular cryptocurrency exchanges — find out which one is better for 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 KuCoin are different cryptocurrency exchanges with their own unique approach to providing crypto services to their customers. In general, Kraken has a focus on quality and security, whereas KuCoin has a focus on quantity and diversity of services. KuCoin is one of the most used exchanges in the world and Kraken focuses on maximizing its usefulness to professional traders.

Round 1: Kraken vs. KuCoin on vital statistics

Kraken focuses on maximizing security, compliance and usefulness to professional traders in developed countries. Its main clientele is in North America and Europe. Kraken has reasonable fees across all its services and is FCA registered in the United States. KuCoin, on the other hand, offers the full range of cryptocurrency services such as lending and margin/derivatives trading with high leverage. In terms of which exchange is better for beginners, Kraken has a simpler interface, fee structure and fewer services. Simplicity is better for most newcomers to cryptocurrency.

Kraken Cryptocurrency ExchangeKuCoin Cryptocurrency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Registered
Exchange locationUSAHong Kong
Offers a debit card
Go to site
More Info
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Winner: Kraken


Round 2: Supported coins

KuCoin offers vastly more cryptocurrencies than Kraken. This is part of its core offering as it markets itself as a cryptocurrency exchange that is constantly up to date with the latest digital assets. Kraken focuses on providing lots of volume to its relatively smaller number of offered cryptocurrencies. If a beginner is looking for diversity, then KuCoin is the better option.

Kraken Cryptocurrency ExchangeKuCoin Cryptocurrency Exchange
Number of tradeable crypto assets261780
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More Info
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Winner: KuCoin


Round 3: Supported fiat currencies

Kraken focuses on providing cryptocurrency services to a small number of countries, while KuCoin tries to be as global as possible. As such, KuCoin accepts many more fiat currencies than Kraken. The ease in which fiat currencies can be deposited into KuCoin varies based on the fiat currency. Contrast this to Kraken where each fiat currency deposit method is fairly well fleshed out.

Kraken Cryptocurrency ExchangeKuCoin Cryptocurrency Exchange
Number of supported fiat currencies650
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More Info
More Info

Winner: Kraken


Round 4: Fees and costs

Kraken has a more complex fees and costs structure than KuCoin. KuCoin allows users to unlock cheaper fees based on how many KCS (KuCoin Shares) the user is holding. Kraken gives discounts based on monthly trading volume. Apart from discounts being less accessible on Kraken than KuCoin, there are different fee structures for purchases made through the app, Kraken Pro, futures and stablecoins. KuCoin only has differing fees for spot and futures. Both exchanges charge no fees for cryptocurrency deposits, though Kraken charges an address setup fee for some assets. Both have comparable rates when withdrawing fiat and cryptocurrency.

Kraken Cryptocurrency ExchangeKuCoin Cryptocurrency Exchange
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
Trading FeeMaker: 0-0.16%
Taker: 0.1-0.26%
Maker: -0.005-0.1%
Taker: 0.02-0.1%
Withdrawal FeesFedWire withdrawal - $4-$35
Crypto - Fees vary depending on coin or token
Cryptocurrency: Fees vary
Deposit methodsBank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online bankingBank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P, Zelle
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More Info
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Winner: KuCoin


Round 5: Wallets

KuCoin has built its own non-custodial wallet for mobile devices. The wallet allows users to hold a wide range of cryptocurrencies including its signature token KCS. Kraken does not have its own wallet, but is a big proponent of the ethos, “not your keys, not your coins.” So although it doesn’t build its own wallet, Kraken encourages its users to use non-custodial wallets.

Winner: KuCoin


Round 6: Ease of use

Both the KuCoin and Kraken user interfaces can be confusing for crypto beginners. Neither one is exceptionally easy to understand. So to determine a winner for the ease of use round, we can look at the learning portals created by both companies. Kraken and KuCoin publish educational material and tutorials for using their services. Since Kraken offers fewer features at a higher quality than KuCoin, it is easier to use for crypto beginners.

Winner: Kraken


Round 7: Security

Kraken is one of the oldest cryptocurrency exchanges in the world and has never been hacked. It promotes self-insurance, meaning it has set aside company funds in the event it’s hacked and needs to reimburse users. KuCoin has been hacked before and has since made improvements to its security standards.

Winner: Kraken


Kraken vs. KuCoin winner: Kraken

The winner of the Kraken vs. KuCoin contest is Kraken as it won 4 of the 7 rounds. Kraken may lack in the number of cryptocurrencies it offers, but this is less important for crypto beginners anyway. Its approach is to offer high-quality features and services and make its system as simple as possible for both new and experienced users. This ethos is reflected in its adherence to security practices and the slim but high-quality nature of its service offerings.

Go to Kraken'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.
Go to site

Capital at risk

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

1

369

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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

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

8

1607

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Capital at risk

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

8

222

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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

357

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.
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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

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

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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.

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
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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.

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