CoinMetro vs Kraken: Fees, Coins, Safety Comparison
| Feature | CoinMetro | Kraken |
|---|---|---|
Overall |
3.9 |
4.5 |
4.1 |
4.8 |
|
4.3 |
4.1 |
|
3.8 |
4.5 |
|
Investment Instruments |
3.6 |
3.7 |
Platforms and Charting Tools |
3.9 |
4.5 |
Deposit and Withdrawal |
4.4 |
4.0 |
Research |
4.3 |
4.3 |
Education |
3.6 |
4.2 |
Support |
3.4 |
4.3 |
Bonuses |
3.4 |
2.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
CoinMetro vs Kraken: Pros and Cons
The CoinMetro cryptocurrency exchange is a specialized platform for exchanging and trading cryptocurrencies with the ability to invest via copying transactions and bonds. Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading on the exchange. CoinMetro’s forte is its trading terminal with extensive functionality and built-in analytics. Also, five times leverage is available for margin trading. The crypto exchange operates under the licenses of the Estonian Financial Intelligence Unit (the FIU), license nos. FVR000143 and FRK000121. It is also licensed by the US regulator Financial Crimes Enforcement Network (FinCEN). CoinMetro has one of the lowest trading margins.
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.
| CoinMetro | Kraken | |
|---|---|---|
| Overall Pros | handy trading terminal with built-in charts and indicators; | 2 FA authentication |
| popular cryptocurrencies are available for trading on the exchange; | Low minimum deposit | |
| five times leverage; | Passive income with staking | |
| built-in service for copying deals; | Regulated in several countries | |
| deposits in CoinMetro's bonds; | Minimum maker fee $0 | |
| low fees for exchange and trade; | Over 50 indicators and 16 drawing tools | |
| licensed by EU and US regulators. | ||
| Overall Cons | analytics are not provided (only news); | NFTs are not available |
| there are not many cryptocurrencies and tokens at your fingertips. |
CoinMetro vs Kraken: Safety and Regulation
| Regulated By: | CoinMetro | Kraken |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Estonian Financial Intelligence Unit (FIU); Financial Crimes Enforcement Network (FinCEN) |
FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), AUSTRAC (Australia) |
CoinMetro vs Kraken: Trading Conditions
| Trading Conditions | CoinMetro | Kraken |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
CoinMetro |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
44682 |
1:5 |
Number of Markets |
88+ |
374 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, fiat currencies |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
CoinMetro vs Kraken: Fees
Trading Fees
| Fee | CoinMetro | Kraken |
|---|---|---|
Max Maker |
0 |
0.16% |
Max Taker |
0.10% |
0.26% |
Min Maker |
0 |
0 |
Min Taker |
0.10% |
0.1% |
Debit/Credit Card Purchase Fee |
EU Issued Credit/Debit Cards 2.99%, Non-EU Issued Credit/Debit Cards 4.99% |
3.75% + $0.25 |
Futures Trading fees
| Fee | CoinMetro | 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 | CoinMetro | Kraken |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
EUR - SEPA Bank Transfer - 1 EUR, EUR - SWIFT 5 EUR, USD - ACH 5 USD, USD - International Wire 50 USD, GBP - Faster Payments - 1 GBP, AUD - SWIFT - 50 AUD, EU Issued Credit/Debit Cards 2.99%, Non-EU Issued Credit/Debit Cards 4.99%, Cryptocurrencies - free |
$0-$10 |
Bank Transfer Withdrawal Fee |
EUR - SEPA Bank Transfer - 1 EUR, EUR - SWIFT 50 EUR, USD - ACH 5 USD, USD - International Wire 50 USD, GBP - Faster Payments - 1 GBP, AUD - SWIFT - 50 AUD |
4-35 USD |
Debit/Credit Card Withdrawal Fee |
Not supported |
3.75% + $0.25 |
BTC Withdrawal Fee |
0.15% |
0.00001 BTC |
Inactivity Fee |
No |
No |
CoinMetro vs Kraken: Trading Assets
| Asset Name | CoinMetro | Kraken |
|---|---|---|
Overall |
48+ |
167+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
No |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
No |
For non US Users |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
No |
CoinMetro or Kraken: Investment Programs
| Asset Name | CoinMetro | Kraken |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Copy Trading |
No |
Trading Platforms: Kraken or CoinMetro
| CoinMetro | 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 CoinMetro
| CoinMetro | 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 CoinMetro
| CoinMetro | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or CoinMetro
| CoinMetro | 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 CoinMetro
| CoinMetro | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
CoinMetro vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | CoinMetro | Kraken |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
CoinMetro vs Kraken: Research
| Research Type | CoinMetro | Kraken |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
CoinMetro vs Kraken: Education
| Education Type | CoinMetro | Kraken |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Kraken vs CoinMetro: Support
| Support Features | CoinMetro | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
CoinMetro vs Kraken: Crypto Bonuses and Promo
| Promo | CoinMetro | Kraken |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
40% of the fee on all transactions of users who have registered using your referral link. |
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 CoinMetro
-
Comment
The customer support provided by CoinMetro is often slow. Furthermore, CoinMetro's fee structure is higher than average, eating into profits and making trading less attractive. So, while CoinMetro may offer some features and trading opportunities, these issues with customer support, platform reliability, and fee transparency detract from its appeal as a crypto exchange platform.
-
Comment
My last withdrawal was delayed for 2 weeks, they also refused to withdraw my withdrawal 3 times and requested some of my documents again. The situation is unpleasant, for my part, I did everything as requested, but CoinMetro is playing dishonest games with me!
-
Comment
Just a disgusting exchange, another scam where money is taken away. The quotes are leftist, there is no sense in them. And their commissions, this is generally a separate conversation. Wasted time and money. I do not advise traders to contact CoinMetro.
-
Comment
I traded on different exchanges, for 5 years I saw all sorts. Now I work with CoinMetro. Keeps, first of all, their terminal: convenient, functional, and analytics goes there. It fits me. Shoulder could be more, but so far enough and what is. Less temptation to play big. CoinMetro is, in principle, multifunctional: according to the conditions, it is good for beginners, experienced and investors. Copying trades is well configured here. So far I'm only signing and copying, but soon I'll allow you to copy my deals, I think. By the way, there are not a lot of cryptocurrencies on CoinMetro, but there are the most basic, running ones. This is enough for me, I'm not a fan of grabbing new tokens. Well, the company is licensed, well done.
-
Comment
CoinMetro is a pleasure to deal with, as this cryptocurrency exchange operates under the auspices of international regulators. For me personally, this is the key to trading security and reliability. The commission fees for the exchange and trading of coins are adequate. I can't say that it is lower than in the market in general, but I am quite satisfied. All the main coins like bitcoin, litecoin, ether are here, although some people complain that there are not enough “exclusive” coins. Personally, I am not interested in them, so I think CoinMetro is a decent option for crypto trading.
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.