eToro (eToroX) vs Kraken: Fees, Coins, Safety Comparison

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Kraken is one of the largest cryptocurrency exchanges in the world, and eToro is one of the most popular brokers that offer trading shares, currency pairs, and cryptocurrencies. Crypto trading is an important area for eToro, and for this purpose, the broker has launched a special cryptocurrency exchange called eToroX. Many traders have questions about which of these two exchanges they should choose to trade digital assets. Traders Union analysts answer these and many other questions below.

Start trading crypto right now with Kraken!

eToro vs. Kraken: Rankings

Kraken is a specialized cryptocurrency exchange, so it has more advantages. However, even though cryptocurrencies are one of the activities of eToro, this broker has advantages in some other aspects. For example, this applies to investment tools, which makes eToro a good option for beginners who are just starting to explore digital assets but immediately want to earn a reasonable return.

For more experienced traders with large volumes, Kraken looks like a more favorable exchange. On this trading platform, there is a wide range of digital assets and more profitable commissions. The more dealers trade, the higher their volumes, and the more profitable it is to trade at Kraken.

Feature eToroX Kraken

Overall

3.9

4.5

Regulation

3.5

4.6

Fees

2.7

3.9

Trading assets

3.2

3.9

Investment instruments

4.5

3.7

Platforms and charting tools

4.5

4.5

Deposits and withdrawals

4

4

Research

4.7

3.5

Education

4.2

4.1

Support

4

4

Promo

3.6

2

eToroX review

Kraken review

Open an account

Open an account

eToro vs. Kraken: A Brief Introduction

eToroX Kraken

Overall pros

2 FA authentication

2 FA authentication

Low minimum deposit

Low minimum deposit

Passive income with staking

Passive income with staking

Indicators and drawing tools

Regulated in several countries

Copy trading platform

Minimum maker fee $0

Fully regulated broker, Regulated crypto exchange

Over 50 indicators and 16 drawing tools

Overall cons

Derivatives, NFT, ETF not available

NFTs are not available

Not a big choice of supported cryptocurrencies

No bonuses

High fees

eToro vs Kraken: Regulation and Security

The Kraken cryptocurrency exchange is one of the most regulated in its segment. It is a registered member of FinCEN (USA) and FINTRAC (Canada). The European subdivision is governed by the FCA (United Kingdom), while the Asian subdivision is governed by the FSA (Japan). Kraken also has an AUSTRAC (Australia) license. Licenses of reputable regulators are an important plus for Kraken.

As for eToro, the Forex broker is regulated by the SEC and FINRA. This is good in terms of reputation. However, the eToroX crypto exchange operates under a Gibraltar License (FSC). However, eToroX’s reputation is good, and this platform has never been hacked.

Regulator eToroX Kraken

SEC

No

No

FINRA

No

No

SIPC protection

No

No

Other regulators

Gibraltar (FSC)

FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), AUSTRAC (Australia)

Is Kraken safe?

eToro vs Kraken: Trading conditions

The trading conditions of Kraken and eToroX cryptocurrency exchanges are comparable, although Kraken has a certain advantage. First, it is expressed in the ability to trade with credit leverage. This crypto exchange offers leverage for cryptocurrency futures up to 1:5, which allows traders to increase their potential profits by trading with the same deposit. However, trading with credit leverage carries risks, so you need to apply this tool wisely, respecting the rules of risk management.

Trading conditions eToroX Kraken

Minimum deposit

$50

$1

Trading platforms

Web, mobile

Web, mobile, mobile pro

Leverage

1:1

1:5

Number of supported cryptocurrencies

28

151

Number of trading accounts

1

1

Base account currencies

USD, EUR, GBP, AUD, crypto

USD, EUR, GBP, AUD, CAD, CHF, JPY + 151 crypto

eToro vs Kraken: Trading Assets

Kraken offers a wider range of trading tools than does eToro. Kraken has 151 cryptocurrencies. The list includes both well-known and little-known but promising digital assets. At eToroX, the list of cryptocurrencies can be referred to as the base. The choice of trading instruments on this exchange is suitable for beginners who are interested in the most popular cryptocurrencies.

Asset eToroX Kraken

Supported coins

28

151

BTC (Bitcoin)

Yes

Yes

LTC (Litecoin)

Yes

Yes

Dogecoin (DOGE)

Yes

Yes

Binance Coin (BNB)

No

No

Uniswap (UNI)

Yes

Yes

XRP (Ripple)

No

For non-US traders

Polkadot (DOT)

No

Yes

Cardano (ADA)

Yes

Yes

Stellar (XLM)

No

Yes

IOTA (MIOTA)

Yes

Yes

Tron (TRX)

Yes

Yes

Options

No

Yes

Futures

Yes

Yes

NFT

No

Yes

ETFs

No

Yes

DeFi Tokens

Yes

Yes

eToro vs Kraken: Fees & Commissions

The platforms have different policies regarding fees and commissions. eToroX uses a percentage of the transaction. It is always stable and is added to the spread. The fee is 1% of the amount. Such fees can be considered high though. As for Kraken, the standard model for crypto exchanges is maker/taker. Fees vary depending on the trading volumes. The maker commission can reach 0% if the trader is trading large volumes.

However, eToroX offers more favorable terms when buying cryptocurrencies using bank cards. The commission here is lower than that of Kraken. Also, eToroX offers better conditions in terms of non-trade commissions, compared to Kraken.

Kraken Fees Review

Сoinbased trading fees

Fee Kraken

Max maker

0.16%

Max taker

0.26%

Min maker

0%

Min taker

0.1%

Debit/credit card purchase fee

3.75% + $0.25

eToro’s trading fees

Fee eToroX

Trading fee

1% fee is added to the Bid-Ask spread

Debit/credit card purchase fee

1%

Non-trading fees

eToroX Kraken

Account fee

0%

0%

Deposit fee

0%

0%-10%

Bank transfer withdrawal fee

$5

$4–$35

Debit/credit card withdrawal fee

$5

3.75% + $0.25

Inactivity fee

0%

0%

eToro vs Kraken: Passive income tools

Both Kraken and eToro offer traders the opportunity to earn a passive income through staking. Staking works on a principle similar to a bank deposit. A trader freezes a certain amount of cryptocurrency in his e-wallet. While frozen, he becomes a validator of transactions in the blockchain. For this, he is rewarded with an interest rate, which is calculated for the retention period and paid in altcoins.

One of the key benefits of eToroX is the copy trading feature. Traders can copy transactions of more experienced colleagues, and make profits without actively trading.

Investment tool eToroX Kraken

Staking

Yes

Yes

Mining pool

No

No

Managed accounts

No

No

MAM/PAMM

No

No

Other

Copy trading

No

Best trading platform: eToro vs Kraken

The Kraken and eToro trading platforms have similar features. Mobile and web platforms are available for traders on both exchanges and users can secure their accounts with two-factor authentication. You can use a search bar or filters to find assets of interest to you. Both platforms offer a good selection of graphical tools and indicators for technical analysis. A wide selection of orders is available.

eToroX Kraken

Web

Yes

Yes

Desktop

No

No

Mobile (Android, iOS)

Yes

Yes

Platform features

eToroX 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 and charting tools

eToroX Kraken

Indicators

Yes

Yes

Drawing tools

Yes

Yes

Historical trades

Yes

Yes

Live 2 quotes

Yes

Yes

Mobile trading

eToroX Kraken

iOS version

Yes

Yes

Android version

Yes

Yes

Apple Watch app

No

No

Touch ID

No

No

Face ID

No

No

Type of orders

eToroX Kraken

Market

Yes

Yes

Limit

Yes

Yes

Stop loss

Yes

Yes

Stop limit

Yes

Yes

Trailing stop

No

No

Kraken vs eToro: Deposits and withdrawals

Deposits and withdrawals from eToro and Kraken are possible through bank transfers and payment cards. Both platforms accept and withdraw funds to Visa and MasterCard. Direct cryptocurrency replenishment is available. You can use any cryptocurrencies that are supported on these platforms. eToro has the advantage of the possibility of account replenishment and withdrawals through electronic wallets.

Deposit and withdrawal methods eToroX Kraken

Bank transfer

Yes

Yes

Credit/debit card

Yes

Yes

Electronic wallets

Yes

No

Cryptos

Yes

Yes

Kraken vs eToro: Research Support

One of the serious disadvantages of Kraken is the lack of analytics. It does not even offer newsfeeds. The conditions at eToroX are different because with analytical materials everything is good. In particular, there is a news block and detailed information for fundamental analysis. Another important aspect of eToro is that it is the world’s largest social network of traders. This allows you to get trading ideas from the traders you subscribe to.

eToroX Kraken

Newsfeed

Yes

No

Fundamental data

Yes

No

Chart analysis

No

No

Trading ideas

Yes

No

Email reports

No

No

eToro vs Kraken: Education

eToro will be a good option for beginners, thanks to the training options. There is a demo account and a detailed video course that will help novices to learn quickly. There are also additional materials. Kraken also offers training, but it is more heterogeneous. You can find video tutorials and train using webinars.

Education sources eToroX Kraken

Demo-account/paper trading

Yes

No

Courses

Yes

No

Articles

Yes

Yes

Videos

Yes

Yes

Webinars

Yes

Yes

Books

No

No

eToro vs Kraken: Client Support

The Kraken crypto exchange support service operates in 24/7 mode, and this is a plus compared to eToro. The broker’s support does not work on weekends. Communication is available via telephone, live chat, or email.

Support features eToroX Kraken

Workdays

24/5

24/7

Email

Yes

Yes

Phone

Yes

Yes

Online chat

Yes

Yes

Other

No

No

Kraken vs eToro: Promotions

Best Crypto Sign-Up Bonus Offers and Promotions

Neither Kraken nor eToroX offers bonuses to customers, but both platforms allow you to earn with an affiliate program. eToro pays for registration and replenishment, and Kraken calculates the affiliate fee based on the commissions that the invited trader pays for trading.

Promo eToroX Kraken

Special offers

No

No

Referral program

For each new eligible user who joins through a referral link and deposits of at least $100, you and your friend will receive a $30 reward from eToro.

Kraken pays a 20% commission on trades of referred clients for the entire time that client is trading on Kraken. Up to $1,000 per referral.

Is eToro or Kraken better for 2024?

Kraken is a specialized cryptocurrency exchange, and its terms are more attractive. eToro is a broker for which cryptocurrency trading is only one of its activities. However, eToro can compete in certain categories.

Kraken is a good option for traders who plan to actively trade cryptocurrencies. More profitable commissions and a wider choice of digital assets open up more opportunities for clients of the exchange. However, eToro offers good analytics, training, and the ability to copy trades. It is important to note that users of eToro can also work with currency pairs, commodities, and stocks, in addition to cryptocurrencies.

Commissions & fees

Kraken’s trade commission policy is more advantageous. It uses the standard maker/taker model. The commission level is generally lower than that of eToro, and there is also the possibility to reduce the maker fees to 0%. However, eToro has better commissions when buying cryptocurrencies directly from a credit card, as well as very attractive non-trade commissions, compared to Kraken.

Security and safety

Kraken has more robust regulation, and the crypto exchange has 5 licenses from regulators from different countries. eToroX operates under a license from the offshore jurisdiction of Gibraltar. The reputation of both cryptocurrency exchanges is good.

Which exchange is better for day trading?

Kraken offers a wider range of instruments and more profitable trading commissions. Therefore, this exchange is better suited for day trading.

eToro vs. Kraken: Key features compared

Kraken and eToro are companies with different operating principles. Kraken is a specialized exchange, and its benefits are appropriately tailored. Here is a better trading environment, and a great choice for trading in cryptocurrencies. You can choose from both popular and less popular digital assets. In addition, an important feature of Kraken is reliable regulation.

The key feature of eToro is the availability of the copy trading function. It is a great way to earn passive money. The exchange also offers good analytic capabilities including many tools for technical analysis and many materials for fundamental analysis.

Summary

Kraken and eToro are popular platforms for crypto trading. Each has its advantages and disadvantages, so the choice is individual. eToro will be the best choice for those who are just starting to work with cryptocurrencies, while Kraken is more versatile. However, any of these options are worth considering, and you should choose what suits you best.

Top 5 Kraken Reviews i

  • Kraken

    Bandula

    20.02.2024

    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.

  • Kraken

    Tuwasdync

    02.11.2022

    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!

  • Kraken

    HectorMot

    30.08.2022

    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 ...

  • Kraken

    meagandehamel1310949

    12.03.2022

    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.

  • Kraken

    gumig

    19.09.2021

    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 eToroX Reviews i

  • eToroX

    Vincentephef

    16.10.2023

    Comment

    I've been trading with eToroX for more than 2 months, and everything seems fine. I was generally new to crypto trading, but the broker’s manager helped me, and is still helping me. I’m doing pretty well, I’ve even withdrawn profits.

  • eToroX

    Clouddosy

    17.01.2023

    Comment

    Made 800 bucks in eToroX last month, that's the result for me. But I didn’t just make money, and I was able to withdraw successfully) I want to advise this company to those who want to really trade in the foreign exchange market. I warn you that the broker is not perfect, everything happens, like everyone else. The main thing is honesty!

  • eToroX

    BERNISTER

    19.08.2021

    Comment

    The initial deposit on the platform is really big, but I still decided to try cooperation with this cryptocurrency exchange. As the saying goes, those who do not take risks do not drink champagne. I have been using eToroX for the second year already, and am satisfied. In addition to comfortable trading conditions, I would like to mention the Invite a Friend affiliate program. It is relevant for both the broker and the exchange. They pay $50 for each referral. I easily find several leads a month, since the broker and the exchange are proven, people willingly register here.

  • eToroX

    blank_onn007

    13.08.2021

    Comment

    I agree 100% that the platform for the social platform is great! The service has all the latest news from the world of cryptocurrencies, which allows you to quickly navigate the current situation and make a decision regarding the execution of transactions. And, of course, I must say that copy trading is a handy thing, especially for newbies like me. You can get acquainted with the statistics on transactions and it is easy to find a trader who is profitable to follow. I have been trading on this platform for the second year now, and am not going to go to another exchange.

  • eToroX

    tfahmed

    26.06.2021

    Comment

    IMHO, despite the high entry threshold, eToroX is suitable not only for professional traders but also for beginners. The terminal is functional and with an intuitive interface, and there is a large selection of cryptocurrencies and attractive commissions. There are no complaints about the quality of support either, the company is trying to keep its brand and is actively developing its client base. Conveniently, the platform provides a service for copying transactions. Signals on the exchange are provided by over 135 thousand strategy providers. It is easy to find traders to copy trades, just use the search bar or filters.

FAQs

Which exchange has the highest liquidity?

The liquidity of the Kraken crypto exchange is higher than on eToro.

Does eToro and Kraken require verification?

Yes, both Kraken and eToro accounts must be verified.

How much capital must I have to start trading?

Both crypto exchanges offer a low entry deposit. However, for successful trading, it is better to start with at least $100–$500.

What are the security features of Binance and eToro?

Both eToro and Kraken have password protection and two-factor authentication.

Team that worked on the article

Oleg Tkachenko
Author and expert at Traders Union

Oleg Tkachenko is an economist-analyst and a risk manager with a practical experience of working in financial institutions for over seven years. Oleg specializes in the analysis of commodities, Forex, stock markets and non-standard investment markets (cryptocurrency, hypes, peer-to-peer lending). He holds a Master’s Degree from the Ukrainian Academy of Banking of the National Bank of Ukraine, Kharkiv Banking Institute. Oleg became an author for Traders Union in 2018; in 2020 he joined the TU’s team of financial experts.

At Traders Union, Oleg is involved in expanded reviews of brokerage companies, and in monitoring the relevancy of the information provided in them. He analyzes trading strategies and indicators, and prepares educational articles on the topic of finance. In addition, Oleg carries out expert research in the Forex and stock markets, and also binary options and cryptocurrency markets. In particular, he checks brokerage companies, studies their performance and growth, tests new services offered by brokers, software and the level of customer support.

Oleg’s motto: Information is a force that opens boundless opportunities, but requires relevancy!

Olga Shendetskaya
Author and editor at Traders Union

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.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.