GDAX (Coinbase Pro) vs Kraken: Ultimate Crypto Exchange Comparison Guide

Comparison
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General Information

GDAX (Coinbase Pro)Kraken
Year of foundation20162011
CountryUSAUSA
LanguagesEnglish, Portuguese, German, French, Spanish, Italian, DutchEnglish, Japanese, Chinese, German, Spanish, Russian, Greek, Ukrainian, Turkish, French, Italian, Portuguese, and two types of Korean
Mobile appiOSiOS

Registration and Verification

GDAX (Coinbase Pro)

To work on the exchange, you need to open a new personal account. Registration is quick and standard (full name, email address, password). You also need to confirm that you are over 18 and then – agree to the terms and conditions of the site users. The final step is a link letter to verify your email. The next step is verification. In addition to the standard data, you will need excellent quality scans of documents such as a driver’s license or ID-card.

Kraken

Registration is standard and does not take much time. But to get the privileges, you need to go through a full verification. Only verified users can use all the functionality of the Kraken exchange. Verification on Kraken is much easier than on other exchanges; even without sending a passport, you can deposit euros from the card and withdraw sufficient amounts.

User Interface

GDAX (Coinbase Pro)

The GDAX trading platform features even more functionality (available margin trading, stop-losses, various orders, convenient order history, etc.), simple operating principles, attractive design, and low commissions. All this makes trading much better and more efficient. By providing the user with a new concept of the resource, the company primarily focuses on professional traders who, in addition to profitable trading in virtual currencies, can use cryptocurrency wallets, exchange virtual coins into fiat money, make payments in cryptocurrency, etc.

Kraken

At Kraken, you can place orders using a Simple, Intermediate, or Advanced interface. Use the Simple tab to place market (best market price) and limit (fixed price) orders. Set stop limits, maturities, leverage options, and conditional closures using the Intermediate and Advanced tabs.

Trading Volumes and Traded Pairs

GDAX (Coinbase Pro)

The trading volume of Coinbase Pro is 165,289,949.0. The exchange has 44 trading pairs available. Fiat trading is not available on the exchange. Margin trading is not available.

Kraken

Kraken’s trading volume is 90,468,680.0. The exchange has 99 trading pairs available. Fiat trading is not available on the exchange. Margin trading is available. Kraken also supports a multitude of coins and combinations as to how:

  • Bitcoin
  • Bitcoin Cash
  • Dash
  • EOS
  • Ethereum Classic
  • Ethereum
  • Gnosis
  • Iconomi
  • Litecoin
  • Melon
  • Augur
  • Tether
  • Dogecoin
  • Stellar Lumens
  • Monero
  • Ripple
  • Zcash

Commission

GDAX (Coinbase Pro)

Deposit and withdrawal fees depend on the payment system. So for SEPA, the withdrawal commission is 0.15 euros. The amount may be withheld up to 25 units for deposit in dollars and deposit in the same currency – 10. There are also tax-free options.

Kraken

If you trade for more than $10 million, the commission is zeroed out in case of a maker order at all. If we talk about commissions for creating deposits, it depends on what cryptocurrency the deposit is opened in. For example, in opening a deposit in Ethereum, you need to pay a small commission. By the way, the practice that a crypto exchange charges some fee for a deposit is not unique to modern finance: for example, in European banks, depending on the type of fiat money in which the client opens a deposit, the commission may differ from zero. Kraken is worth noting and introduces a withdrawal fee. It is small: for example, for BTC, it is 0.0005 BTC.

Security

GDAX (Coinbase Pro)

Security requirements dictate that all money not involved in bidding at the time of sale is kept in cold wallets. Funds used in an online transaction are insured. Ongoing audits of security and cash volumes are the realities of the service. Two-level customer authentication is done by phone number. Technical support on the exchange is professional and timely.

Kraken

Kraken, unlike other exchanges, offers one single way to improve account security. Users can enable two-factor authentication. This feature works not only when logging into an account, but also to gain access to trading on the exchange.

Pros and Cons

GDAX (Coinbase Pro)

Pros
  • Number of trading pairs
  • Margin trading
  • Age of occurrence
  • Security
  • Insured Funds
  • Ease of use
  • Variety of products
Cons
  • Compulsory and complex verification
  • Not available in all countries
  • High commissions

Kraken

Pros
  • number of trading pairs
  • margin trading
  • age of occurrence
  • security
  • flexible verification system
Cons
  • compulsory and complex verification
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