AAX vs Kraken: Fees, Coins, Safety Comparison
Feature | AAX | Kraken |
---|---|---|
Overall |
2.3 |
4.5 |
1 |
4.8 |
|
2.7 |
4.1 |
|
3.1 |
4.5 |
|
Investment Instruments |
2.1 |
3.7 |
Platforms and Charting Tools |
2.3 |
4.5 |
Deposit and Withdrawal |
1.8 |
4.0 |
Research |
2.3 |
4.3 |
Education |
2.3 |
4.2 |
Support |
1.7 |
4.3 |
Bonuses |
3.9 |
2.0 |
Your capital is at risk.
|
AAX vs Kraken: Pros and Cons
The AAX exchange is a platform for spot and futures trading of cryptocurrencies and tokens. There is an integrated service for the fast exchange of fiat-to-crypto. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, Tron, BAT, and dozens of other assets are traded on the exchange. You can deposit funds in USD, CNY, HKD, KRW, EUR, TRY, TWD, and SGD. Leverage x100 is available for futures trading. Spot commissions are 0.06%/0.1% for the maker/taker. Commissions for the futures market are 0.02%/0.04% for the maker/taker. Commissions are fixed, but it is possible to reduce them by trading with the AAB token and through bonuses in the form of rebates from the Traders Union. The exchange has a one-level referral program and investment programs (staking) with fixed and flexible deposits. There is a training academy with detailed
The Kraken exchange is a trading platform for Bitcoin, Ethereum, Tether, Cardano, XRP, other cryptocurrencies, and stablecoins. Fiats are represented by EUR, USD, CAD, CHF, AUD, GBP, and JPY. In addition to margin trading, Kraken has indices and futures trading. The exchange provides traders with x5 leverage for margin trading and x50 for futures. Commission fees are among the lowest on the market - up to 0.26%. The crypto exchange has a proprietary trading terminal for an internet browser, as well as mobile applications for iOS and Android devices. The platform offers an extensive knowledge base, tutorials, and video podcasts with news and analytics. The referral program is the standard single-level model with a yield of 20% of the referral’s commission fees.
AAX | Kraken | |
---|---|---|
Overall Pros | the exchange offers a large selection of popular cryptocurrencies and coins; | 2 FA authentication |
spot and futures trading, futures with x100 leverage; | Low minimum deposit | |
Passive income with staking | ||
low fixed commissions for trading operations and withdrawals; | Regulated in several countries | |
referral program with two types of bonus payments; | Minimum maker fee $0 | |
the platform's own token, which makes trading more profitable; | Over 50 indicators and 16 drawing tools | |
high level of information security (complies with CCSS); | ||
LSEG technology for trading with a delay of up to 90 microseconds; | ||
Overall Cons | no demo accounts; | NFTs are not available |
no call center; | ||
no license data is available. |
AAX vs Kraken: Safety and Regulation
Regulated By: | AAX | Kraken |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), AUSTRAC (Australia) |
AAX vs Kraken: Trading Conditions
Trading Conditions | AAX | Kraken |
---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
TradingView |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
1-100 |
1:5 |
Number of Markets |
385+ |
374 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, fiat currencies |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
AAX vs Kraken: Fees
Trading Fees
Fee | AAX | Kraken |
---|---|---|
Max Maker |
0.1% |
0.16% |
Max Taker |
0.15% |
0.26% |
Min Maker |
0.016% |
0 |
Min Taker |
0.04% |
0.1% |
Debit/Credit Card Purchase Fee |
0 |
3.75% + $0.25 |
Futures Trading fees
Fee | AAX | Kraken |
---|---|---|
Max Maker |
0.04% |
0.02% |
Max Taker |
0.06% |
0.05% |
Min Maker |
0.0096% |
0 |
Min Taker |
0.024% |
0.01% |
Non-Trading Fees
Fee | AAX | Kraken |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
$0-$10 |
Bank Transfer Withdrawal Fee |
Not supported |
4-35 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
3.75% + $0.25 |
BTC Withdrawal Fee |
0.0004BTC |
0.00001 BTC |
Inactivity Fee |
No |
No |
AAX vs Kraken: Trading Assets
Asset Name | AAX | Kraken |
---|---|---|
Overall |
385+ |
167+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
For non US Users |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
No |
No |
AAX or Kraken: Investment Programs
Asset Name | AAX | Kraken |
---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
DeFi mining |
No |
Trading Platforms: Kraken or AAX
AAX | Kraken | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Trading Platforms Features: Kraken or AAX
AAX | Kraken | |
---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Kraken or AAX
AAX | Kraken | |
---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or AAX
AAX | Kraken | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Kraken or AAX
AAX | Kraken | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
AAX vs Kraken: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | AAX | Kraken |
---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
Yes (Only deposit) |
No |
Crypto |
Yes |
Yes |
AAX vs Kraken: Research
Research Type | AAX | Kraken |
---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
AAX vs Kraken: Education
Education Type | AAX | Kraken |
---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
Kraken vs AAX: Support
Support Features | AAX | Kraken |
---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Ticket |
No |
AAX vs Kraken: Crypto Bonuses and Promo
Promo | AAX | Kraken |
---|---|---|
Crypto Bonus |
Welcome Bonus 50 USDT, temporary contests |
No |
Affiliate Program |
The client will receive 20% of his referral's commission fees. |
up to $1000 per refferal |
Your capital is at risk.
|
Top 5 Reviews on Kraken
-
Comment
Kraken offers a wide range of cryptocurrencies and has a solid reputation in the industry, but serious issues with usability, customer support, and reliability detract from its appeal as a crypto exchange option.
-
Comment
I have to say they are scammers. He believed in Kraken, held coins on their crypto exchange. I recently found out that they deducted 50% of the balance from my trading account because I had not logged into my account for a long time. Who does this! And this without warning, of course!
-
Comment
It used to be not bad here, but every year the Kraken exchange dies down, as its turnover falls. Now it cannot be said that this is a large exchange, which it once was ...
-
Comment
I tried different exchanges, eventually settled on Kraken. Here are the best conditions for me. I have my favorite tools, the platform is understandable, I figured it out quickly and so far (for six months) nothing has lagged. The commission is also adequate, often below the market. Analytical materials are generally informative. But I’ll clarify right away: I was initially interested in a broker for active independent trading. There are no investment programs in Kraken, and that suits me. If you want extra income, then this is not your option, don't waste your time. I won’t say anything about beginners: on the one hand, Kraken provides basic training, but you can’t call the support service, except for a ticket or a chat.
-
Comment
I see that many people praise the Kraken exchange for its reliability and comfortable conditions for cooperation. I've been using this platform for about a year, and it's really good here. I would also like to note a high-quality trading terminal, it is simple and at the same time functional, even take profit and stop loss are integrated. The Kraken exchange has many advantages, so I will not list all of them. You will see for yourself if you register. I just want to name the cons such as the lack of telephone communication and investment programs. Also, the exchange favors active traders.
Top 5 Reviews on AAX
-
Comment
Hello!! 4 weeks ago I ordered the withdrawal of money in AAX. There is nothing on the account so far, and I also cannot contact the support, because they do not get in touch. They owe me $3,000.
-
Comment
Complete scam, I tell you! I can't recommend this company because I don't know. how can you trade here. Trade is very poor quality. You won't be able to earn.
-
Comment
In a short period of trading and with the help of AAX, it was possible to reduce the already low brokerage commissions to zero. For competitors, this is possible only if the volume of transactions is increased to a value that is unattainable for most traders. Here, the volumes are not important, you just need to use the exchange token as the main method of calculation when carrying out all operations. In my free time away from trading I participate in competitions that are constantly held on the company's website. I can’t boast of success yet, but I derive pleasure from the process itself!
-
Comment
In my opinion, Asian exchanges in the digital market have long outdone competitors from Europe and the United States, which occupy first places in various ratings. The proof of this is the AAX crypto exchange, which uses the latest technologies both in trading services and in ensuring the security of clients' data. You can familiarize yourself with the trading conditions on the company's website, and they are really very profitable. On all counts, AAX fulfills these conditions. You cannot trade without verification, but this is already a common practice among crypto brokers.
-
Comment
Although I am a beginner, I trade very actively. The main criterion for choosing a crypto exchange was the possibility of over-the-counter trading on weekends, which AAX provides. Of course, I also checked out that AAX offers spot trading. I don't have much experience in trading yet, so this simplified version is just what I need. On the exchange I found a section for self-study, which includes a glossary! I'm new to the AAX exchange, and so far I like everything. I hope that everything will be fine with the withdrawal of funds.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.