Kraken vs OKX
vs
Your capital is at risk. Trade only with funds you can afford to lose.
| Kraken | OKX |
|---|---|
3.9
Kraken is #10 in our crypto broker rankings. |
4.1
OKX is #5 in our crypto broker rankings. |
 Traders from US accepted |
Traders from US accepted |
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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. |
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from trading to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders. |
| Customer Reviews | |
|
4.5
Based on 2 Kraken customer reviews
|
3
Based on 1 OKX customer reviews
|
| Trustpilot Score | |
3.2 |
2.4 |
| Bonus Offer | |
| $10 in BTC | |
| Comment by Reviewer | |
| "Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record." | "OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots." |
| Pros | |
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| Cons | |
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| Instruments | |
| Cryptos, xStocks, Pre-IPO Perpetual Futures | Spot, Futures, Swaps, Options, X-Perps |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | 10 USDT |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| Variable | Variable |
| Regulator | |
| FINTRAC, AUSTRAC, CySEC, CBI | FinCEN, VARA |
| 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 | Yes |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | Yes |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| Yes | Android & iOS |
| 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 | |
4.2 |
4.3 |
| iOS App Rating | |
4.7 |
4.6 |
| 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 | $0 |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Cryptocurrency | |
| 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. | OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions. |
| Spread | |
| 0-0.26% average | Variable |
| Coins | |
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| Crypto Lending | |
| No | Yes |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | Yes |
| Auto Market Maker | |
| No | No |
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