Your capital is at risk. Trade only with funds you can afford to lose.
Kraken
#38 in our crypto broker rankings
Accepts traders from Eswatini
Rating breakdown
- Regulation & trust3.00.5 higher than Bitfinex (2.5)
- Assets & markets3.80.8 higher than Bitfinex (3.0)
- Fees & costs3.9same as Bitfinex (3.9)
- Platforms & tools3.50.5 higher than Bitfinex (3.0)
- Accounts & banking3.8same as Bitfinex (3.8)
- Education3.0same as Bitfinex (3.0)
- Research1.51.3 lower than Bitfinex (2.8)
- Customer support3.81.0 higher than Bitfinex (2.8)
Bitfinex’s score. Numbers show the difference.
Bitfinex
#53 in our crypto broker rankings
Accepts traders from Eswatini
Rating breakdown
- Regulation & trust2.50.5 lower than Kraken (3.0)
- Assets & markets3.00.8 lower than Kraken (3.8)
- Fees & costs3.9same as Kraken (3.9)
- Platforms & tools3.00.5 lower than Kraken (3.5)
- Accounts & banking3.8same as Kraken (3.8)
- Education3.0same as Kraken (3.0)
- Research2.81.3 higher than Kraken (1.5)
- Customer support2.81.0 lower than Kraken (3.8)
Kraken’s score. Numbers show the difference.
| Kraken | Bitfinex | |
|---|---|---|
| Overview | Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 600+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. | Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 250 cryptocurrencies and more than 430 market pairs available for spot or perpetual swaps derivatives trading. With new payment methods, lower entry barriers and fresh products like crypto futures, Bitfinex is attracting a wider range of active crypto traders. |
| Customer Reviews | Based on 2 customer reviews | – |
| Trustpilot Score | ||
| Bonus Offer | – | Referral Codes |
| Comment by Reviewer | “Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record.” | “With its growing token selection, advanced charting tools and zero-fee model, Bitfinex is a compelling choice for frequent crypto traders. However, testing reveals a daunting platform for newer day traders, hit-and-miss education and regulatory fines that raise safety concerns.” |
| Pros |
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| Cons |
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| Instruments | Cryptos, Pre-IPO Perpetual Futures, Tokenized Stocks | Cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $0 |
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| Payment Methods | ||
| Minimum Trade | Variable | $10 |
| Regulator | FINTRAC, AUSTRAC, CySEC, CBI, FCA | CNAD, AFSA |
| Margin Trading | Yes | Yes |
| STP Account | No | No |
| ECN Account | No | No |
| DMA Account | No | No |
| MAM Account | No | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | No |
| Market Maker | No | No |
| P2P Trading | No | Yes |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | We've tested Kraken in a live account and it's an intuitive app, especially compared to alternatives like Binance. You can explore tokens, manage your portfolio, and set up a buy, recurring buy, sell or convert assets in a few taps after pressing the '+' icon in the bottom menu. 2FA and biometric login make for a secure mobile experience, while it's one of the few crypto apps to offer a route to secure potential prop funding from your palm. | Bitfinex provides a mobile application that mirrors the full functionality of its web platform, facilitating seamless crypto trading on the move. The app also includes a Lite Mode for a simplified trading experience, presenting a more user-friendly interface for trading, staking, and lending cryptos, requiring just a few taps. The app is downloadable from both Apple’s App Store and Google’s Play Store, though app store ratings demonstrate a superior user experience on iOS devices. |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin | Yes |
| Copy Trading | No | No |
| Social Trading | No | No |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $5 |
| Islamic Account | No | No |
| Account Currencies |
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| Cryptocurrency | ||
| Overview | Kraken is a specialized crypto exchange and supports more than 600 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up. | Bitfinex provides access to an exceptional variety of crypto assets, encompassing over 250 tokens. In addition to spot trading, the platform supports perpetual swaps trading, enabling traders to engage in margin trading on crypto assets with leverage up to 1:10. With digital tokens frequently listed and delisted, Bitfinex provides diverse opportunities to participate in the dynamic cryptocurrency market. |
| Spread | 0-0.26% average | Taker (0.2% to 0.055%) and maker (0.1% to 0.0%) |
| Coins |
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| Crypto Lending | No | Yes |
| Crypto Mining | No | No |
| Crypto Staking | Yes | Yes |
| Auto Market Maker | No | No |