As digital currencies continue to proliferate, so too do the exchanges that offer investors access to them. Among the most popular exchanges are Kraken and Coinbase, both of which offer a variety of digital currencies for trading. But which is the better option?
To start, let’s look at the fees charged by each exchange. Kraken charges 0.25% for trades, while Coinbase charges 1.
49%. For investors who are making a large number of trades, Kraken is the clear winner in terms of fees.
Another important factor to consider is the selection of digital currencies offered by each exchange. Kraken offers 15 different digital currencies, while Coinbase only offers 4.
For investors who want to have more choices when it comes to what they trade, Kraken is again the better option.
Finally, let’s look at security. Both Kraken and Coinbase have been hacked in the past, but Coinbase has been much more responsive in terms of reimbursing users for losses incurred.
Overall, Coinbase seems to be the more reliable and secure option when it comes to safeguarding user funds.
So, which is the better option – Kraken or Coinbase? For most investors, Coinbase is likely the better choice due to its lower fees and more robust security measures.