Kraken vs Nexo
vs
| Kraken | Nexo |
|---|---|
3.9
Kraken is #14 in our crypto broker rankings. |
3.9
Nexo is #24 in our crypto broker rankings. |
 Traders from US accepted |
Traders from US accepted |
|
Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ 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. The exchange also supports crypto staking and has an interactive NFT marketplace. |
Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card. |
| Bonus Offer | |
| Lower fees when trading volume exceeds $50,000 in 30 days | Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line |
| Comment by Reviewer | |
| "Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record." | "Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high and many day traders will prefer a more tightly regulated crypto broker." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Cryptos | Cryptos |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $10 | $10 |
| Trading Platforms | |
|
|
| Payment Methods | |
|
|
| Minimum Trade | |
| Variable | $30 |
| Regulator | |
| FCA, FinCEN, FINTRAC, AUSTRAC, FSA | |
| 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 |
| Android App Rating | |
4.2 |
4 |
| iOS App Rating | |
4.7 |
3.8 |
| Auto Trading | |
| Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin | |
| 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 |
| Islamic Account | |
| No | No |
| Account Currencies | |
|
|
| Cryptocurrency | |
| Kraken is a specialized crypto exchange and supports more than 220 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. | Nexo offers trading on an impressive suite of around 70 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool or from interest earned via peer-to-peer loans. |
| Spread | |
| 0-0.26% average | N/A |
| Coins | |
|
|
| Crypto Lending | |
| No | Yes |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | Yes |
| Auto Market Maker | |
| No | No |
|
|
|