XT.com vs Kraken: Fees, Coins, Safety Comparison
| Feature | XT.com | Kraken |
|---|---|---|
Overall |
4.0 |
4.5 |
3.8 |
4.8 |
|
4.1 |
4.1 |
|
5.0 |
4.5 |
|
Investment Instruments |
4.4 |
3.7 |
Platforms and Charting Tools |
3.9 |
4.5 |
Deposit and Withdrawal |
4.0 |
4.0 |
Research |
3.7 |
4.3 |
Education |
3.8 |
4.2 |
Support |
4.1 |
4.3 |
Bonuses |
3.5 |
2.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
XT.com vs Kraken: Pros and Cons
The XT.com exchange is a platform for P2P exchange and cryptocurrency sales, including derivatives and margin trading. This is also an exchange for fiat funds. The peculiarity of the cryptocurrency exchange is that it issues its proprietary cryptocurrency and provides users with software for mining. Bitcoin, Ethereum, Litecoin, Tether, Tron, Ripple, and other cryptocurrencies are traded on the website, with over 120 instruments provided here in total. There are tokenized assets. The leverage can be up to 1:30 depending on the selected asset. Any strategy can be used on the cryptocurrency exchange, including scalping.
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.
| XT.com | Kraken | |
|---|---|---|
| Overall Pros | Cryptocurrencies and other varieties of currencies; | 2 FA authentication |
| Replenishment in fiat currencies; | Low minimum deposit | |
| Favorable trading commissions; | Passive income with staking | |
| Leverage is up to 1:30. | Regulated in several countries | |
| Proprietary mining platform; | Minimum maker fee $0 | |
| Large trading volumes; high liquidity. | Over 50 indicators and 16 drawing tools | |
| Convenient trading terminal; | ||
| Overall Cons | No investment programs (only deposits); | NFTs are not available |
| No training programs or study guides. |
XT.com vs Kraken: Safety and Regulation
| Regulated By: | XT.com | Kraken |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Licensed in Seychelles |
FinCEN (USA), FINTRAC (Canada), FCA (Great Britain), FSA (Japan), AUSTRAC (Australia) |
XT.com vs Kraken: Trading Conditions
| Trading Conditions | XT.com | Kraken |
|---|---|---|
Minimum Deposit |
$30 |
$1 |
Trading Platforms |
Proprietary trading platform based on TradingView |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
1:5 |
|
Number of Markets |
800+ |
374 |
Trading Accounts |
5 |
1 |
Base Account Currencies |
Cryptocurrencies, fiat currencies |
USD, EUR, GBP, AUD, CAD, CHF, JPY + 98 Crypto |
XT.com vs Kraken: Fees
Trading Fees
| Fee | XT.com | Kraken |
|---|---|---|
Max Maker |
0.05% |
0.16% |
Max Taker |
0.20% |
0.26% |
Min Maker |
0.05% |
0 |
Min Taker |
0.20% |
0.1% |
Debit/Credit Card Purchase Fee |
0 |
3.75% + $0.25 |
Futures Trading fees
| Fee | XT.com | Kraken |
|---|---|---|
Max Maker |
0.05% |
0.02% |
Max Taker |
0.20% |
0.05% |
Min Maker |
0.05% |
0 |
Min Taker |
0.20% |
0.01% |
Non-Trading Fees
| Fee | XT.com | Kraken |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
$0-$10 |
Bank Transfer Withdrawal Fee |
0 |
4-35 USD |
Debit/Credit Card Withdrawal Fee |
0 |
3.75% + $0.25 |
BTC Withdrawal Fee |
0.0001 BTC |
0.00001 BTC |
Inactivity Fee |
No |
No |
XT.com vs Kraken: Trading Assets
| Asset Name | XT.com | Kraken |
|---|---|---|
Overall |
800+ |
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) |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
Yes |
No |
XT.com or Kraken: Investment Programs
| Asset Name | XT.com | Kraken |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Hashrate store |
No |
Trading Platforms: Kraken or XT.com
| XT.com | 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 XT.com
| XT.com | Kraken | |
|---|---|---|
SMS Based 2 FA |
Yes |
No |
App Based 2 FA |
No |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Kraken or XT.com
| XT.com | Kraken | |
|---|---|---|
Indicators |
Yes |
50+ |
Drawing tools |
No |
16+ |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Kraken or XT.com
| XT.com | 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 XT.com
| XT.com | Kraken | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
No |
XT.com vs Kraken: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | XT.com | Kraken |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
XT.com vs Kraken: Research
| Research Type | XT.com | Kraken |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
XT.com vs Kraken: Education
| Education Type | XT.com | Kraken |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Kraken vs XT.com: Support
| Support Features | XT.com | Kraken |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XT.com vs Kraken: Crypto Bonuses and Promo
| Promo | XT.com | Kraken |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
The interest of referral commissions that you will get depends on your account referral level. There are seven levels in total, including zero. The levels are dynamic and change depending on two indicators – the number of active referrals and the volume of referral trades in BTC. The commission and payout discount are 0% at the lowest level (P0). At the highest level (P6) you will get a 90% discount on your commissions, and transaction income is 90% of your referrals' commissions. |
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 XT.com
-
Comment
If you open an account with XT.com, take into account some nuances. The most important thing is to verify not only the identity, but also payment instruments used by a client. I couldn’t withdraw money from my XT.com account until I passed the verification of the payment system. So be careful.
-
Comment
Before opening an account on XT.com, I advise you to carefully read the agreement that the exchange enters into with the user. So that there are no problems later, like mine. And it says there that the exchange is responsible for the safety of clients' funds in the amount of the percentage of commissions that the trader has traded. Moreover, hacking an account on the XT.com exchange does not give the user the right to demand compensation for losses. I lost money, unfortunately, without studying the agreement text.
-
Comment
I bought various cryptocurrencies and stored them on the XT.com exchange wallet. However, over time, I noticed that coins were disappearing from my account—not a significant amount at once, but over two months, the cumulative loss became substantial. The next problem arose after the support team, following my inquiry, demanded a new verification process. I attempted it, but XT.com rejected the verification. In summary, it has been two months since I lost access to my account, and I'm uncertain about the current status of my funds.
-
Comment
The issues on the XT.com exchange resulted in significant losses for me. Due to the strange actions of the exchange administration, I lost an amount equivalent to $2000. I exchanged cryptocurrency through the 2P2 service to withdraw to a bank card in dollars. When the order was executed, the XT.com exchange transferred the cryptocurrency to the buyer, but the money never arrived on my card. The exchange disclaimed responsibility, and I ended up losing my money.
-
Comment
There are problems when trading with XT.com. First of all, this is terrible work of support service. Maybe someone likes the disrespectful attitude towards clients, but I personally don’t. The second is the operation of the platform. During the day, it disconnects from the servers every 7-10 minutes. How can you trade profitably in such a situation? No, I'm not happy with XT.com at all.
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.