Coinbase, Exchanges

Is Kraken Cheaper Than Coinbase Pro?

If you’re looking to buy Bitcoin or other cryptocurrencies, you might be wondering whether Kraken or Coinbase Pro is the better exchange. Both are popular choices, but which one is cheaper?

Kraken is generally the cheaper option, though there can be exceptions. For example, if you’re buying a large amount of Bitcoin, Coinbase Pro may be a better choice due to its lower fees.

Coinbase Pro charges a flat fee of $0.99 per trade, while Kraken’s fees start at 0.16% and go as low as 0.02% for high-volume traders.

So, if you’re buying $1,000 worth of Bitcoin, you’ll pay $9.99 on Coinbase Pro and just $2 on Kraken.

However, it’s important to compare the total cost of your trade when considering which exchange is cheaper. That’s because Kraken also charges a small “maker” or “taker” fee depending on whether you’re the one placing an order or taking an order from the exchange.

NOTE: Warning: Before deciding to buy or sell cryptocurrency on either Kraken or Coinbase Pro, it is important to do thorough research and compare the fees and services offered by both exchanges. Kraken may be cheaper than Coinbase Pro in one area, but more expensive in another. Additionally, the availability of certain coins may vary between the two exchanges.

For example, let’s say you want to buy 10 Bitcoin at $10,000 each. If you place an order on Kraken that gets filled immediately, you’ll pay a 0.26% taker fee, or $26 for the trade. If you place an order that isn’t immediately filled (i.e.

it’s a maker order), you’ll pay just 0.16%, or $16 for the trade.

So in this case, it would actually be cheaper to use Coinbase Pro despite its higher flat fee. However, if you were buying just 1 Bitcoin at $10,000 each (i.e.

a smaller trade), Kraken would be the cheaper option due to its lower maker/taker fees.

Generally speaking, Kraken is the cheaper option for most trades, but it’s always important to compare the total cost of your trade before making a decision.

3 Related Question Answers Found

Does Kraken Have Lower Fees Than Coinbase?

Kraken does have lower fees than Coinbase, but not by much. For most Kraken users, the fee for a maker order is 0.16% and the fee for a taker order is 0.26%. At Coinbase, the maker fee is 0. 15% and the taker fee is 0.25%.

Are Kraken Fees Lower Than Coinbase?

Kraken and Coinbase are two of the most popular cryptocurrency exchanges. They both have a lot to offer users in terms of security, liquidity, and fees. So, which one is better when it comes to fees?

Which Is Better Kraken or Coinbase?

There are a lot of different ways to buy and sell cryptocurrency these days. two of the most popular exchanges are Kraken and Coinbase. They both have their pros and cons, but which one is better?
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