CoinDCX vs Kraken: Fees, Coins, Safety Comparison
| Feature | CoinDCX | Kraken |
|---|---|---|
Overall |
2.2 |
4.5 |
1 |
4.8 |
|
2.7 |
4.1 |
|
2.8 |
4.5 |
|
Investment Instruments |
2.1 |
3.7 |
Platforms and Charting Tools |
2.4 |
4.5 |
Deposit and Withdrawal |
2.2 |
4.0 |
Research |
2.5 |
4.3 |
Education |
2.1 |
4.2 |
Support |
1.7 |
4.3 |
Bonuses |
2.2 |
2.0 |
|
Your capital is at risk.
|
CoinDCX vs Kraken: Pros and Cons
The CoinDCX exchange is a platform for spot, margin, and futures trading using cryptocurrencies and tokens. CoinDCX’s clients have access to Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, AAVE, NEO, PAX, and many other assets. Only Indian rupees are represented as fiat currency. The leverage for the spot is x6 and x20 for margin trading. Fees for trades are determined by the volume of trades. The largest fee is 0.1% for taker/maker. The exchange offers several options for investing in cryptocurrencies, including staking and lending in addition to cryptocurrency trading. There is a referral program with fixed payments for each partner. An exchange feature is its proprietary academy with an extensive database and guides, including video courses on cryptocurrency trading.
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.
| CoinDCX | Kraken | |
|---|---|---|
| Overall Pros | the most popular cryptocurrencies and coins are present; | 2 FA authentication |
| significant leverage for spot and margin; | Low minimum deposit | |
| all major cryptocurrencies are traded on the exchange; | Passive income with staking | |
| simple and functional TradingView terminal; | Regulated in several countries | |
| proprietary applications for mobile trading; | Minimum maker fee $0 | |
| low commission fees (up to 0.04/0.06% for maker/taker); | Over 50 indicators and 16 drawing tools | |
| several options for investing in cryptocurrency; | ||
| convenient investment system with a customizable portfolio; | ||
| high levels of security; | ||
| Overall Cons | only Indian rupees are represented in the range of fiats; | NFTs are not available |
| demo accounts are not available; |
CoinDCX vs Kraken: Safety and Regulation
| Regulated By: | CoinDCX | 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) |
CoinDCX vs Kraken: Trading Conditions
| Trading Conditions | CoinDCX | Kraken |
|---|---|---|
Minimum Deposit |
100 INR |
$1 |
Trading Platforms |
TradingView |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
1-20 |
1:5 |
Number of Markets |
250+ |
374 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, INR |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
CoinDCX vs Kraken: Fees
Trading Fees
| Fee | CoinDCX | Kraken |
|---|---|---|
Max Maker |
0.200% |
0.16% |
Max Taker |
0.200% |
0.26% |
Min Maker |
0.040% |
0 |
Min Taker |
0.060% |
0.1% |
Debit/Credit Card Purchase Fee |
0 |
3.75% + $0.25 |
Futures Trading fees
| Fee | CoinDCX | Kraken |
|---|---|---|
Max Maker |
0.200% |
0.02% |
Max Taker |
0.200% |
0.05% |
Min Maker |
0.040% |
0 |
Min Taker |
0.060% |
0.01% |
Non-Trading Fees
| Fee | CoinDCX | 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 |
CoinDCX vs Kraken: Trading Assets
| Asset Name | CoinDCX | Kraken |
|---|---|---|
Overall |
250+ |
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 |
CoinDCX or Kraken: Investment Programs
| Asset Name | CoinDCX | Kraken |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Kraken or CoinDCX
| CoinDCX | Kraken | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Kraken or CoinDCX
| CoinDCX | 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 CoinDCX
| CoinDCX | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or CoinDCX
| CoinDCX | 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 CoinDCX
| CoinDCX | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
CoinDCX vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | CoinDCX | Kraken |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
CoinDCX vs Kraken: Research
| Research Type | CoinDCX | Kraken |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
CoinDCX vs Kraken: Education
| Education Type | CoinDCX | Kraken |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Kraken vs CoinDCX: Support
| Support Features | CoinDCX | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
CoinDCX vs Kraken: Crypto Bonuses and Promo
| Promo | CoinDCX | Kraken |
|---|---|---|
Crypto Bonus |
Bug Bounty program |
No |
Affiliate Program |
Each user who follows this link and actively trades on the exchange will bring you ₮25 (USDT). |
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 CoinDCX
-
Comment
coindcx is a normal crypto broker, although not very popular. It should run an advertising campaign to have more clients. coindcx has something to show. The performance of the platform is something that few companies can boast of. The conditions may not be the most favorable, but they are acceptable. I have already traded with it enough to understand that my choice is right. The broker is honest.
-
Comment
I switched to CoinDCX from another broker, for some reason I decided that this is a great company. As a result: the trading platform works disgustingly, there are hidden commissions when withdrawing money, and in general, the withdrawal takes a long time. I can't say enough good things about this company.
-
Comment
For the CoinDCX company, I can note that it was opened for money laundering in the cryptocurrency market. There are already so many reviews about CoinDCX that it would be simply disrespectful to yourself not to bypass this broker.
-
Comment
Initially, I came to the CoinDCX cryptocurrency exchange for active trading. There is a large selection of digital currencies and tokens, as well as low commissions for makers and takers. However, then I discovered that this company also offers earnings on loans. You can lend digital currencies to your colleagues and get up to 10% interest. Alternatively, CoinDCX also offers staking, but the rate will be lower there. The company expects long-term cooperation with its investors, therefore, it works honestly.
-
Comment
CoinDCX doesn't just offer tutorials for beginners and professionals, there are really smart articles and guides here. I think that it was thanks to this and the client-oriented policy of the company that I did not lose my deposit. You can rely on the support. The staff of the brokerage organization helped me sort out both trading on the site and investment opportunities. The exchange has made sure that traders are comfortable working with it. I am ready to recommend this trading platform to others.
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.