BtcTurk vs Kraken: Fees, Coins, Safety Comparison
| Feature | BtcTurk | Kraken |
|---|---|---|
Overall |
2.8 |
4.5 |
1 |
4.8 |
|
2.6 |
4.1 |
|
3.6 |
4.5 |
|
Investment Instruments |
1 |
3.7 |
Platforms and Charting Tools |
3.5 |
4.5 |
Deposit and Withdrawal |
3.3 |
4.0 |
Research |
3.9 |
4.3 |
Education |
3.4 |
4.2 |
Support |
3.3 |
4.3 |
Bonuses |
2.4 |
2.0 |
|
Your capital is at risk.
|
BtcTurk vs Kraken: Pros and Cons
The BTCTurk exchange is an international cryptocurrency trading platform. The trading here is fast and the margin uses a proprietary terminal based on the TradingView platform. The terminal is represented by a mobile application for iOS and Android in addition to the web and desktop iterations. Bitcoin, Litecoin, Ethereum, Ripple, Stellar, Cardano, Tron, and other popular cryptocurrencies are traded on the exchange. Only the Turkish lira (TRY) represents fiats since the exchange is Turkish. Nevertheless, residents of different countries actively cooperate with it, since the website offers a convenient terminal, low commissions, and large trading volumes. The BTCTurk cryptocurrency exchange doesn’t offer investment solutions, referral programs, or other options for passive earnings. It is exclusively focused on active traders.
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.
| BtcTurk | Kraken | |
|---|---|---|
| Overall Pros | two trading modes – for novice and experienced traders; | 2 FA authentication |
| no deposit fees; | Low minimum deposit | |
| low withdrawal fees; | Passive income with staking | |
| transparent cooperation, the cryptocurrency exchange is licensed; | Regulated in several countries | |
| advanced terminal criteria with push notifications; | Minimum maker fee $0 | |
| high level of protection (97% of funds in cold wallets); | Over 50 indicators and 16 drawing tools | |
| variety of cryptocurrencies, there is an exchange with fiat funds; | ||
| API for algorithm trading. | ||
| Overall Cons | the only fiat is the Turkish lira (TRY); | NFTs are not available |
| there are no passive earning options. |
BtcTurk vs Kraken: Safety and Regulation
| Regulated By: | BtcTurk | 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) |
BtcTurk vs Kraken: Trading Conditions
| Trading Conditions | BtcTurk | Kraken |
|---|---|---|
Minimum Deposit |
0.0001 BTC |
$1 |
Trading Platforms |
TradingView |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
44562 |
1:5 |
Number of Markets |
100+ |
374 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Bank cards and accounts, electronic and cryptocurrency wallets |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
BtcTurk vs Kraken: Fees
Trading Fees
| Fee | BtcTurk | Kraken |
|---|---|---|
Max Maker |
0.10% |
0.16% |
Max Taker |
0.18% |
0.26% |
Min Maker |
0.10% |
0 |
Min Taker |
0.18% |
0.1% |
Debit/Credit Card Purchase Fee |
Not supported |
3.75% + $0.25 |
Futures Trading fees
| Fee | BtcTurk | 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 | BtcTurk | 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 |
0.0005 BTC |
0.00001 BTC |
Inactivity Fee |
No |
No |
BtcTurk vs Kraken: Trading Assets
| Asset Name | BtcTurk | Kraken |
|---|---|---|
Overall |
100+ |
167+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
No |
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 |
BtcTurk or Kraken: Investment Programs
| Asset Name | BtcTurk | Kraken |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Kraken or BtcTurk
| BtcTurk | Kraken | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Kraken or BtcTurk
| BtcTurk | 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 BtcTurk
| BtcTurk | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or BtcTurk
| BtcTurk | 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 BtcTurk
| BtcTurk | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
BtcTurk vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BtcTurk | Kraken |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
BtcTurk vs Kraken: Research
| Research Type | BtcTurk | Kraken |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
BtcTurk vs Kraken: Education
| Education Type | BtcTurk | Kraken |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Kraken vs BtcTurk: Support
| Support Features | BtcTurk | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Ticket |
No |
BtcTurk vs Kraken: Crypto Bonuses and Promo
| Promo | BtcTurk | Kraken |
|---|---|---|
Crypto Bonus |
Bug Bounty program |
No |
Affiliate Program |
No |
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 BtcTurk
-
Comment
The conditions in BtcTurk are bad, and even interfere with trading, I traded here more than a year ago, and when it came time to withdraw money, I couldn’t even withdraw the deposit!!! I can't take it out for a year now..........!!! One day I decided that there was no point in waiting.
-
Comment
Worked with BtcTurk a few years ago. They "play" against the client. And it’s true that they don’t let you earn money. I know what will happen next, with those who are now trading with them. Disappointment and regret. They will definitely deprive you of money, do not even hesitate.
-
Comment
After the scandal with the bankruptcy of the Turkish Thodex exchange, as well as the tightening of Turkish legislation regarding cryptocurrencies, the interest in all Turkish exchanges of citizens of other countries has fallen. But amid these scandals, the rating of other crypto exchanges registered in Turkey has risen. One of them is the BtcTurk trading platform. The trading volumes here are less than they were on the Thodex exchange, but still pretty substantial. Also, the recently increased liquidity of the Turkish lira has increased trading volumes. The BtcTurk platform offers good conditions for traders from other countries. Although all the same, the target audience is still the citizens of Turkey. Accounts can only be opened in TRY, BTC, or USDT. You can trade other cryptocurrencies as well, but there are not many of them. The terminal is ordinary, with price charts, quotes, and trading history. If it were not for a good opportunity to speculate on the Turkish Lira exchange rate, and its low commissions, the BtcTurk exchange would not stand out in any way. Taking into account the advantages, profitable trading is quite real here.
-
Comment
The BtcTurk exchange has many opportunities for trading. But a very small listing of crypto coins, no more than 10-15, and just one fiat. These are significant disadvantages. However, there are also enough pluses, such as acceptable commissions, and the commissions are small. Also, crediting and withdrawals are carried out without commissions. Opening an account in a Turkish bank is problematic for me, so I am considering payments through a crypto wallet. There are limits for the deposit and withdrawal of cryptocurrency, but they are quite acceptable for me. There is no leverage for trading on the BtcTurk exchange, this should be taken into account when registering.
-
Comment
After the scam of the Thodex exchange, I stopped trusting Turkish crypto exchanges. But the problem is that I have already opened an account with BtcTurk. And BtcTurk is far from perfect. When I registered, I accepted the documents without any problems. I brought 0.5 BTC to the exchange and decided to trade. So they blocked my access and demanded to show a Turkish document. But I'm not a resident of Turkey. Now, I'm afraid that BtcTurk will not return the money to me.
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.