MXC vs Kraken: Fees, Coins, Safety Comparison
| Feature | MXC | Kraken |
|---|---|---|
Overall |
3.3 |
4.5 |
3.2 |
4.8 |
|
2.9 |
4.1 |
|
4.1 |
4.5 |
|
Investment Instruments |
3.8 |
3.7 |
Platforms and Charting Tools |
3.0 |
4.5 |
Deposit and Withdrawal |
3.1 |
4.0 |
Research |
2.7 |
4.3 |
Education |
2.5 |
4.2 |
Support |
3.4 |
4.3 |
Bonuses |
3.9 |
2.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
MXC vs Kraken: Pros and Cons
The MXC cryptocurrency exchange (MXC.com) has been operating since 2018. The company is registered in Singapore, which is a loyal digital asset jurisdiction. The platform offers clients trading and P2P exchange services. The main specialization of the trading platform is to provide clients with crypto/crypto trading services with currencies such as Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). The undoubted bright side of the platform is access to cryptocurrency ETF funds.
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.
| MXC | Kraken | |
|---|---|---|
| Overall Pros | 120+ cryptocurrencies for trading; | 2 FA authentication |
| receive additional income through staking and holding; | Low minimum deposit | |
| an affiliate program with income up to 80% of the deposit of the invited trader. | Passive income with staking | |
| Regulated in several countries | ||
| Minimum maker fee $0 | ||
| Over 50 indicators and 16 drawing tools | ||
| Overall Cons | commissions of 0.2% per trade; | NFTs are not available |
| withdrawal fees (0.0005 BTC for Bitcoin); | ||
| lack of support for fiat currencies for trading; | ||
| no MAM or PAMM accounts; | ||
| mandatory verification. |
MXC vs Kraken: Safety and Regulation
| Regulated By: | MXC | Kraken |
|---|---|---|
Government-regulated |
No |
Yes |
U.S Regulated |
No |
Yes |
FCA U.K Regulated |
No |
Yes |
Germany Regulated |
No |
Yes |
AMF in France Regulated |
No |
Yes |
Spain Regulated |
No |
Yes |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
Yes |
Seychelles Regulated |
No |
No |
Other countries |
Belgium, Cyprus, Italy, Poland, Netherlands, Canada, Bermuda |
MXC vs Kraken: Trading Conditions
| Trading Conditions | MXC | Kraken |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
10 |
Futures leverage |
125 |
50 |
Spot leverage |
5 |
5 |
Supported Coins |
2276 |
278 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
0 |
Perpetual contracts |
1 |
1 |
MXC vs Kraken: Fees
| Fee | MXC | Kraken |
|---|---|---|
Spot Taker fee |
0.05 |
0.4 |
Spot Maker fee |
No |
0.25 |
Futures Taker fee |
0.02 |
0.05 |
Futures Maker fee |
No |
0.02 |
Deposit fee |
No |
No |
Withdrawal fee |
0.0003 BTC |
0.0005 BTC |
P2P taker fee |
0,2 |
Not supported |
P2P fee rate, maker fee |
0,2 |
Not supported |
MXC vs Kraken: Trading Assets
| Asset Name | MXC | Kraken |
|---|---|---|
Coins Supported |
2276 |
278 |
P2P |
Yes |
No |
Perpetual contracts |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
No |
No |
Futures |
Yes |
Yes |
MXC or Kraken: Investment Programs
| Asset Name | MXC | Kraken |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
Yes |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Kraken or MXC
| MXC | 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 MXC
| MXC | 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 MXC
| MXC | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
Yes |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or MXC
| MXC | 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 MXC
| MXC | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
MXC vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MXC | Kraken |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
MXC vs Kraken: Research
| Research Type | MXC | Kraken |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
MXC vs Kraken: Education
| Education Type | MXC | Kraken |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Kraken vs MXC: Support
| Support Features | MXC | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Ticket |
No |
MXC vs Kraken: Crypto Bonuses and Promo
| Promo | MXC | Kraken |
|---|---|---|
Crypto Bonus |
Rewards Center |
No |
Affiliate Program |
MXC.com pays customers up to 80% of the affiliate's replenished amount. |
up to $1000 per refferal |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Kraken
-
Comment
The platform supports all major cryptocurrencies and seven fiat currencies, making it convenient for users from different countries. While the margin leverage isn’t the highest, it’s sufficient for moderate-risk trading. In my first week, starting with just a 20-dollar deposit, I managed to earn around 12 dollars in profit.
-
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.
Top 5 Reviews on MXC
-
Comment
Every login or withdrawal requires confirmation, which is great because security is my top priority. I’ve never faced any hacks or issues.
-
Comment
So, I’ve been using MEXC for a while now, and honestly, one of the things I appreciate is the variety of coins they offer. It’s not just the popular ones, they’ve got some niche tokens that you don’t see everywhere. That kind of variety keeps things interesting. The interface is pretty straightforward too, no confusing menus or hidden features, just what I need to trade without much hassle. What I like is how the withdrawal process isn’t unnecessarily complicated. You can get your funds out without jumping through hoops, and the fees seem reasonable to me, especially compared to some other places I’ve tried. They also have these bonuses now and then, which are a nice little perk. One thing that could be better, though, is the mobile app. It works fine, but it feels a bit slower compared to the desktop version. Still, nothing deal-breaking.
-
Comment
My interaction with the MEXC platform is mainly for spot trading, and I really like their no-fee structure, especially for altcoins. The trading interface is super fast, and I’ve noticed trades go through almost instantly, which is a dealbreaker for me. They also offer a solid selection of crypto pairs which makes diversifying pretty easy. However, I wish their fiat withdrawal options were more convenient as it’s a bit tricky without direct bank transfers. But overall, it's been reliable for quick trades.
-
Comment
MXC is a reliable broker! The order execution speed is normal, spreads are tight, and technical support works well and quickly. I don't think I'll find a better broker. I am glad I chose MXC.
-
Comment
I can't say that this company is top. Slippages occur here as everywhere else. Withdrawals are good and take from a few hours to a few days. I'm a patient person, so I'll wait and see if there are any improvements. For now, my rating for mxc is 3 plus.
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.
Related Articles
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.
