Comment
Author: Admin | 2025-04-28
Note that these regulatory issues are not unique to Coinbase and Kraken. These actions are indicative of the recent stance the SEC has taken against the crypto industry as a whole. Coinbase vs Kraken: Security Winner: TieCoinbase and Kraken are both considered highly-secure platforms. Both platforms use two-factor authentication and encryption to protect user data, and hold customer funds 1:1 offline. Kraken is one of the few cryptocurrency exchanges to never be hacked in its history. Meanwhile, Coinbase was hacked in 2021. However, Coinbase offers pass-through FDIC insurance up to $250,000 through its banking partners as well as crime insurance. Kraken does not currently have insurance for customer holdings. Kraken: 2-factor authentication, encryption, all customers funds held in reserve 1:1Coinbase: 2-factor authentication, encryption, Proof of Reserves audited by third-party Coinbase vs Kraken: Cryptocurrency SelectionWinner: CoinbaseCoinbase offers a wider cryptocurrency selection than Kraken.Kraken: 120+ cryptocurrenciesCoinbase: 260+ cryptocurrencies Coinbase vs Kraken: StakingWinner: Coinbase As noted earlier, Kraken and Coinbase have both faced scrutiny from the SEC over staking. While Kraken no longer offers staking to US customers, Coinbase is currently fighting the SEC in the courts and continues to offer staking to most US customers. Kraken: In 2023, Kraken was fined $30 million by the SEC and forced to shut down its staking program in the United States. Coinbase: Coinbase is currently engaged in a lawsuit with the SEC over its staking offering. However, Coinbase is still offering staking to customers in most US states (except California, New Jersey, Maryland, South Carolina, and Wisconsin). Coinbase vs Kraken: Advanced Features Winner: Kraken Kraken is the best choice for experienced investors looking for advanced features. While Coinbase supports advanced charting, it’s important to note that the platform is geared towards beginners and does not offer other advanced features like account management. Kraken: Account management for advanced traders, derivatives trading, advanced charting, margin trading (for select traders who meet eligibility criteria)Coinbase: Advanced charting, derivatives trading for non-US customers Coinbase vs Kraken: Customer SupportWinner: Kraken Kraken has been praised for offering better customer support than most of its competitors.Kraken: Kraken has been praised for offering faster
Add Comment