Bitvavo vs Kraken: Fees, Coins, Safety Comparison
| Feature | Bitvavo | Kraken |
|---|---|---|
Overall |
3.6 |
4.5 |
4.1 |
4.8 |
|
3.5 |
4.1 |
|
4.4 |
4.5 |
|
Investment Instruments |
1 |
3.7 |
Platforms and Charting Tools |
3.9 |
4.5 |
Deposit and Withdrawal |
3.7 |
4.0 |
Research |
4.1 |
4.3 |
Education |
3.7 |
4.2 |
Support |
3.5 |
4.3 |
Bonuses |
3.7 |
2.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Bitvavo vs Kraken: Pros and Cons
The Bitvavo exchange is one of the most popular platforms for margin trading in cryptocurrencies in Europe. More than 50 cryptocurrencies and tokens are traded on the exchange. In total there are over 70 trading instruments, including fiat funds. On Bitvavo you can trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. There is a hot and cold storage method, and convenient input/output channels are provided. There is basic and advanced AML verification, a typical affiliate program with referral payments. The cryptocurrency exchange does not have a mobile application, its own trading terminal is available only in the browser version. Commissions are below the market average: for the entry-level - 0.25/0.15% (for the taker/maker, respectively).
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.
| Bitvavo | Kraken | |
|---|---|---|
| Overall Pros | no minimum deposit; | 2 FA authentication |
| many trading pairs, including pairs with fiat funds; | Low minimum deposit | |
| Passive income with staking | ||
| in the trading terminal there’s not only the crypto exchange but also the exchanger; | Regulated in several countries | |
| operating commissions are below the market average; | Minimum maker fee $0 | |
| a serious level of verification to ensure safety; | Over 50 indicators and 16 drawing tools | |
| suitable for both beginners and experienced traders; | ||
| Overall Cons | from fiat funds there are only euros; | NFTs are not available |
| extended AML verification is required to access the full functionality. |
Bitvavo vs Kraken: Safety and Regulation
| Regulated By: | Bitvavo | Kraken |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
De Nederlandsche Bank |
FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), AUSTRAC (Australia) |
Bitvavo vs Kraken: Trading Conditions
| Trading Conditions | Bitvavo | Kraken |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Bitvavo |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
44562 |
1:5 |
Number of Markets |
175+ |
374 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
EUR, Cryptocurrencies |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
Bitvavo vs Kraken: Fees
Trading Fees
| Fee | Bitvavo | Kraken |
|---|---|---|
Max Maker |
0.15% |
0.16% |
Max Taker |
0.25% |
0.26% |
Min Maker |
0.03% |
0 |
Min Taker |
0.04% |
0.1% |
Debit/Credit Card Purchase Fee |
Not supported |
3.75% + $0.25 |
Futures Trading fees
| Fee | Bitvavo | Kraken |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.05% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0.01% |
Non-Trading Fees
| Fee | Bitvavo | Kraken |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
EPS Überweisung 1.75%, Giropay 1.75%, MyBank 1.50%, Sofort 2.25% |
$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 |
0.00006 BTC |
0.00001 BTC |
Inactivity Fee |
No |
No |
Bitvavo vs Kraken: Trading Assets
| Asset Name | Bitvavo | Kraken |
|---|---|---|
Overall |
175+ |
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) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
Bitvavo or Kraken: Investment Programs
| Asset Name | Bitvavo | Kraken |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Kraken or Bitvavo
| Bitvavo | Kraken | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Kraken or Bitvavo
| Bitvavo | 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 Bitvavo
| Bitvavo | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or Bitvavo
| Bitvavo | 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 Bitvavo
| Bitvavo | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
Bitvavo vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitvavo | Kraken |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Bitvavo vs Kraken: Research
| Research Type | Bitvavo | Kraken |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Bitvavo vs Kraken: Education
| Education Type | Bitvavo | Kraken |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Kraken vs Bitvavo: Support
| Support Features | Bitvavo | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
Bitvavo vs Kraken: Crypto Bonuses and Promo
| Promo | Bitvavo | Kraken |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
A user who registers by following your link will bring you 15% of the exchange commission for each transaction. |
up to $1000 per refferal |
|
Your capital is at risk.
|
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 Bitvavo
-
Comment
While Bitvavo offers a user-friendly interface and a decent range of cryptocurrencies, my experience has been marred by frequent technical issues and slow transaction processing times. Additionally, customer support is lacking, with long wait times for responses to inquiries. Overall, Bitvavo falls short of providing a reliable and satisfactory crypto trading experience.
-
Comment
There is nothing to do on the Bitvavo exchange. Not because they are scammers, but because. that the trade here is very strange. Everything happens within the company. Everything is raw, but the commissions are exorbitant. In general, who understands what I mean - he will pass by.
-
Comment
My last withdrawal was delayed for a month. To be honest, I didn’t even hope to get my money, so many nerves went into all this, that now I want moral damage so that they pay!
-
Comment
In terms of commissions, I have seen more profitable exchanges, where it reaches 0.07%. Bitvavo may seem like a less interesting option in this regard, but there is one big “but”: this exchange is proven. I have been trading on it for more than a year, and I consider the conditions here to be optimal. There are cryptocurrencies, there is fiat, with replenishment, withdrawal and, most importantly, the terminal, everything is fine. That is, they are fast, there are no delays. At the same time, however, there is no mobile application, so I could devote more time to trading. But the security here is definitely at a high level. And there is a license. Under such conditions, it is not a pity to overpay a little for a commission. Anything is better than worrying about whether they will withdraw my money? They will definitely withdraw from Bitvavo.
-
Comment
I think Bitvavo is very popular among crypto traders. This trading platform has a customer-oriented policy and I believe that over time it will remove Binance and other exchanges from the top. There are plenty of trading tools, as well as ways to deposit and withdraw funds, even fiat funds. The advanced AML verification gave me a little surprise, but thanks to the support, who explained everything in detail, I managed to pass the verification.
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.