Cryptohopper vs Kraken: Fees, Coins, Safety Comparison
| Feature | Cryptohopper | Kraken |
|---|---|---|
Overall |
3.8 |
4.5 |
1 |
4.8 |
|
4.7 |
4.1 |
|
4.4 |
4.5 |
|
Investment Instruments |
4.2 |
3.7 |
Platforms and Charting Tools |
4.3 |
4.5 |
Deposit and Withdrawal |
3.7 |
4.0 |
Research |
4.1 |
4.3 |
Education |
3.5 |
4.2 |
Support |
3.7 |
4.3 |
Bonuses |
4.4 |
2.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Cryptohopper vs Kraken: Pros and Cons
CryptoHopper is a multi-purpose platform that combines its hub functions, copying service, social trading, and an investment portfolio management service. The CryptoHopper terminal trades in Bitcoin, Ethereum, Litecoin, and dozens of other cryptocurrencies and tokens, which are presented on partner exchanges. The one-of-a-kind system stands out for the presence of free-of-charge trading bots where you can create and test your bots. The platform also provides an emulator of exchange strategies. There is also an in-depth training system.
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.
| Cryptohopper | Kraken | |
|---|---|---|
| Overall Pros | cryptocurrencies can be traded on any of the partner exchanges from CryptoHopper’s terminal; | 2 FA authentication |
| no fees or fixed payments for using the service; | Low minimum deposit | |
| profitable partnership and investment program; | Passive income with staking | |
| service for copying transactions and auto-trading bots; | Regulated in several countries | |
| a vast selection of instruments; | Minimum maker fee $0 | |
| synchronization of accounts on diverse exchanges; | Over 50 indicators and 16 drawing tools | |
| large trading volumes. | ||
| Overall Cons | free mode is extremely limited in functionality. | NFTs are not available |
Cryptohopper vs Kraken: Safety and Regulation
| Regulated By: | Cryptohopper | 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) |
Cryptohopper vs Kraken: Trading Conditions
| Trading Conditions | Cryptohopper | Kraken |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Cryptohopper |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
44835 |
1:5 |
Number of Markets |
500+ |
374 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, Fiat currencies |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
Cryptohopper vs Kraken: Fees
Trading Fees
| Fee | Cryptohopper | Kraken |
|---|---|---|
Max Maker |
0 |
0.16% |
Max Taker |
0 |
0.26% |
Min Maker |
0 |
0 |
Min Taker |
0 |
0.1% |
Debit/Credit Card Purchase Fee |
0 |
3.75% + $0.25 |
Futures Trading fees
| Fee | Cryptohopper | Kraken |
|---|---|---|
Max Maker |
0 |
0.02% |
Max Taker |
0 |
0.05% |
Min Maker |
0 |
0 |
Min Taker |
0 |
0.01% |
Non-Trading Fees
| Fee | Cryptohopper | Kraken |
|---|---|---|
Account Fee |
Pioneer - 0%; Explorer $16.58/mo; Adventurer $41.58/mo; Hero $83.25/mo |
No |
Deposit Fee |
No |
$0-$10 |
Bank Transfer Withdrawal Fee |
Not supported |
4-35 USD |
Debit/Credit Card Withdrawal Fee |
0 |
3.75% + $0.25 |
BTC Withdrawal Fee |
0 |
0.00001 BTC |
Inactivity Fee |
No |
No |
Cryptohopper vs Kraken: Trading Assets
| Asset Name | Cryptohopper | Kraken |
|---|---|---|
Overall |
500+ |
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 |
Yes |
Yes |
Crypto ETF |
No |
No |
Cryptohopper or Kraken: Investment Programs
| Asset Name | Cryptohopper | Kraken |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Automatic Trading, Social Trading, |
No |
Trading Platforms: Kraken or Cryptohopper
| Cryptohopper | Kraken | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Kraken or Cryptohopper
| Cryptohopper | 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 Cryptohopper
| Cryptohopper | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or Cryptohopper
| Cryptohopper | 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 Cryptohopper
| Cryptohopper | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
Yes |
No |
Cryptohopper vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Cryptohopper | Kraken |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Cryptohopper vs Kraken: Research
| Research Type | Cryptohopper | Kraken |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Cryptohopper vs Kraken: Education
| Education Type | Cryptohopper | Kraken |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
Kraken vs Cryptohopper: Support
| Support Features | Cryptohopper | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Request form |
No |
Cryptohopper vs Kraken: Crypto Bonuses and Promo
| Promo | Cryptohopper | Kraken |
|---|---|---|
Crypto Bonus |
30% Sign up Bonus Hero Pro Cryptohopper Subscription, temporary bonus offers |
No |
Affiliate Program |
CryptoHopper offers a flexible affiliate program based on getting a referral link to invite users. It is available to any verified trader. A user who has registered on the platform using TU’s referral link will bring you income by trading on partner exchanges. The benefits are: up to 15% from each payment of your referral; $1.9 per referral fee for whoever bought the ExplorerHopper package; $4.9 per referral fee for whoever purchased the Adventure Hopper package; $9.9 per referral fee for whoever bought the HeroHopper package. |
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 Cryptohopper
-
Comment
If you want to automatically trade cryptocurrencies, Cryptohopper is a good option. It has both ready-made robot programs and a constructor that helps traders independently create a trading program for automatic opening of orders when trading cryptocurrencies. And here a lot will depend on the trader’s strategy. That's why I chose Cryptohopper.
-
Comment
I think that they shouldn’t write negative reviews of Cryptohopper. Indeed, this is not a standard cryptocurrency exchange. But there are good opportunities for automatic trading on different exchanges. Trading programs are created based on templates. If you have no trading experience, you can use a ready-made trading advisor. Nobody says it is safe and 100% profitable. Everything is like ordinary trading.
-
Comment
It is better not to start working with cryptohopper. It’s a terrible platform for exchange or trading, everything here works with problems. And cryptohopper charges a large fee for such services. The exchange administration claims that they do not charge a deposit fee. But when I entered USDT 600, I only received 570. And the rest of the money, according to support, was withheld as a fee. So this is how they deceive traders here.
-
Comment
Tried trading with Cryptohopper's robots and realized that I made a big mistake. You cannot trust third-party software when you are trading and using your own money, especially when it comes to cryptocurrency trading. The robot programs at Cryptohopper are not the cheapest, and you can only test them by fully paying for the rental. As a result, I lost money both in renting and in trading with the robots.
-
Comment
I can confidently say that Cryptohopper is a scam. I don't know what kind of trading bot designer the company offers. I used to rent trading bots that they designed. By the way, I was immediately offered ready-made programs for trading. And it was these Cryptohopper bots that led me to lose almost BTC 0.38. Of course, no one returned my 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.