Your capital is at risk. Trade only with funds you can afford to lose.
Kraken
#42 in our crypto broker rankings
Accepts traders from Benin
Rating breakdown
- Regulation & trust3.00.9 lower than Crypto.com (3.9)
- Assets & markets3.80.2 lower than Crypto.com (4.0)
- Fees & costs3.90.6 higher than Crypto.com (3.3)
- Platforms & tools3.50.5 lower than Crypto.com (4.0)
- Accounts & banking3.8same as Crypto.com (3.8)
- Education3.00.8 lower than Crypto.com (3.8)
- Research1.52.3 lower than Crypto.com (3.8)
- Customer support3.81.3 higher than Crypto.com (2.5)
Crypto.com’s score. Numbers show the difference.
Crypto.com
#11 in our binary options broker rankings
Accepts traders from Benin
Rating breakdown
- Regulation & trust3.90.9 higher than Kraken (3.0)
- Assets & markets4.00.2 higher than Kraken (3.8)
- Fees & costs3.30.6 lower than Kraken (3.9)
- Platforms & tools4.00.5 higher than Kraken (3.5)
- Accounts & banking3.8same as Kraken (3.8)
- Education3.80.8 higher than Kraken (3.0)
- Research3.82.3 higher than Kraken (1.5)
- Customer support2.51.3 lower than Kraken (3.8)
Kraken’s score. Numbers show the difference.
| Kraken | Crypto.com | |
|---|---|---|
| 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. | Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Hong Kong in 2016 and its quality is proven by its 150 million users. |
| Customer Reviews | Based on 2 customer reviews | – |
| Trustpilot Score | ||
| Comment by Reviewer | “Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record.” | “Crypto.com is a snug fit for aspiring crypto traders who want to buy, sell and trade over 400 digital tokens. Its strike options and prediction markets spanning financial, economic, election, sport, and cultural events via its CFTC-regulated entity also make it a secure option for US traders interested in binary-style contracts on an intuitive app.” |
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| Cons |
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| Instruments | Cryptos, xStocks, Pre-IPO Perpetual Futures | Crypto, Stocks, ETFs, OTC Options, Tokenized Stocks, Prediction Markets and Strike Options (US only) |
| Demo Account | Yes | No |
| Minimum Deposit | $10 | Varies by payment method |
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| Minimum Trade | Variable | $1 |
| Regulator | FINTRAC, AUSTRAC, CySEC, CBI | MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU, FCA (registered for MLR only), SEC (securities only) |
| 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 | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Yes | 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. | – |
| 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 | DCA Auto-Staking |
| 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. | Crypto.com has bolstered its suite of cryptos, now offering more than 400 digital tokens, from Bitcoin through to lesser-known options. Crypto.com supports both spot and derivative trading, as well as sophisticated algo trading through custom strategies and APIs. |
| Spread | 0-0.26% average | 0.075% (spot), 0.034% (derivatives) |
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| Crypto Lending | No | Yes |
| Crypto Mining | No | No |
| Crypto Staking | Yes | Yes |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Binary options trading not offered | Crypto.com offers binary-style trading with Yes/No strike options and event contracts. After Nadex folded into its platform in December 2025, Crypto.com is now the primary CFTC-regulated binary provider for retail traders in the US. Its strike options have exchange-like mechanics with probability-priced contracts that settle in the money at a set value or settle out of the money at $0. With expiries as short as 5 minutes and a wide range of underlying markets, including US indices, currencies, and commodities, Crypto.com is a great fit for mobile traders familiar with binary options. |
| Payout | – | Up to $10 per contract (some event contracts can be $100), minus fees% |
| Expiry Times | – | 5 minutes to event cutoffs, can be hours, days and longer depending on contract |
| Ladder Options | No | No |
| Boundary Options | No | No |