- >Best Crypto Exchanges
- >Bitfinex vs Kraken
Deciding between crypto trading platforms is an important decision. Your choice will affect which digital currencies you can trade, how much you can trade, and how you do it. Today, we’ll look at two of the best cryptocurrency exchanges and decide which one is better: Kraken vs Bitfinex.
Kraken vs Bitfinex: Comparison at a Glance
This table briefly summarizes the key features of the two providers.
Why Is It Hard to Decide Between These Platforms?
Both options in the Kraken vs Bitfinex comparison offer users a safe place to trade cryptocurrencies, hold digital assets, and earn rewards. However, there are subtle differences that separate them, and these will ultimately inform your decision when choosing between the two.
You should read our Kraken exchange review to get a comprehensive summary of everything the platform has to offer. You can then compare it to our Bitfinex exchange review to see which provider offers features that align with your needs.
One of the world’s most trusted and secure crypto exchanges with low fees and advanced trading tools.
Head-to-Head: What Ultimately Separates These Exchanges
This table details the major features and functions in the Kraken vs Bitfinex battle. You can use it as a quick comparison guide to see which exchange better suits your needs.
Which One Is Better, Kraken or Bitfinex?
Deciding between the two is a tough choice, but it will ultimately come down to your trading needs, experience, and where you live.
Kraken is regulated in the U.S., making it a solid exchange for people living in America who value straightforward crypto trading with extensive tools and a strong safety track record.
If you’re outside of America, Bitfinex is a great fit. Its relatively low fees, advanced trading options, and earning opportunities make it an exceptional choice.
FAQ
Bitfinex is renowned for catering to professional traders by offering advanced tools, diverse order types and buying options. While this makes it a more ideal exchange for active traders, Kraken is not far behind and offers several great features which experienced users can get the most out of.
Kraken generally has lower trading fees. These discounts are especially noticeable when making high-value trades.
Yes, Kraken is considered safer as they have never experienced security breaches. However, it is important to note that while Bitfinex experienced a major hack in 2016, they refunded all affected clients.
Kraken supports more cryptocurrencies of the two.
Both platforms support staking. Kraken’s user-friendly staking options has been lauded by traders while Bitfinex’s soft-staking program allows users to earn from their deposited crypto.
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