Bybit vs Kraken
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| Bybit | Kraken |
|---|---|
3.1
|
3.9
Kraken is #23 in our crypto broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018. |
Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace. |
| Bonus Offer | |
| Up To 4030 USDT Welcome Bonus | Lower fees when trading volume exceeds $50,000 in 30 days |
| Comment by Reviewer | |
| "Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives." | "Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record." |
| Pros | |
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| Cons | |
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| Instruments | |
| Cryptos, Futures | Cryptos |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $10 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.001 Lots | Variable |
| Regulator | |
| FCA, FinCEN, FINTRAC, AUSTRAC, FSA | |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| Yes | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| Yes | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| Yes (iOS & Android) | Yes |
| Auto Trading | |
| Via 3rd party software | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge. | |
| Social Trading | |
| No | No |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Cryptocurrency | |
| Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. | Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up. |
| Spread | |
| Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% | 0-0.26% average |
| Coins | |
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| Crypto Lending | |
| Yes | No |
| Crypto Mining | |
| Yes | No |
| Crypto Staking | |
| Yes | Yes |
| Auto Market Maker | |
| No | No |
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