Similar Software to Kraken: 26 best alternatives for 2023We have 26 alternatives to Kraken. The best Kraken alternatives are CoinMama, Binance, and Gemini.
|CoinMama||Web, Windows, Mac, iOS, Android.|
|Binance||Web, Windows, Mac, iOS, Android.|
|Gemini||Web, Windows, Mac, iOS, Android.|
|Trading 212||Web, iOS, Android.|
|EToro||Web, iOS, Android.|
|IG||Web, iOS, Android.|
|CEX.io||Web, iOS, Android.|
|ByBit||Web, iOS, Android.|
|PrimeXBT||Web, iOS, Android.|
|CashApp||Web, iOS, Android.|
|KuCoin||Web, Windows, Mac, iOS, Android.|
|Poloniex||Web, iOS, Android.|
|Bitpanda||Web, iOS, Android.|
|Coinbase||Web, Windows, Mac, iOS, Android.|
|Gate.io||Web, iOS, Android.|
|StormGain||Web, iOS, Android.|
|FTX||Web, iOS, Android.|
|Bittrex||Web, iOS, Android.|
|Skrill||Web, iOS, Android.|
Founded by Jesse Powell in July 2011, Kraken is a cryptocurrency exchange that provides spot and futures trading between digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and others. The goal of the company is to speed up the spread of cryptocurrency. With that, people across the world will not be left behind and will achieve financial freedom. It has professional charting tools for advanced traders to take advantage of. It also includes advanced trading tools and order systems such as leverage and margin trading. In terms of customer service, Kraken supports its users 24/7 through live chat. As of last year, it is available in 177 countries, including 48 states in the US, and lists almost 100 cryptocurrencies to choose upon. It is also connected with Bloomberg and TradingView. With that, it gains popularity within the crypto trading community. Traders can now access relevant data within Kraken and its partners through news, and other virtual currency introduction.
1. CoinMamaCoinMama runs on Web, Windows, Mac, iOS, Android.
CoinMama specializes in cryptocurrency exchange and is one of the first to support purchasing Bitcoin using debit and credit cards. It is also the first company to be integrated with Apple Pay and has expanded to other cryptocurrencies like Ethreum and Litecoin. It was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster in 2013. Although it was registered in Slovakia, it is currently operating from Ireland to over 2.5 million users from over 190 countries. Through this platform, you can purchase cryptocurrency or invest in bitcoin. Although CoinMama is the key to the trading of cryptocurrency here, it will never hold customer funds and payment info. Rather it will send the fund directly to your personal wallet and that is why this platform is one of the safest out there. Apart from Apple Pay, credit, and debit card, it also has payment methods like Faster Payments, Fedwire, SWIFT, and Sofot. It has some great features like good customer support, fast verification, high spending limit, instant delivery, and the best part is, easy to use. CoinMama also offers rewarding affiliate programs. To use this platform you must be at least 18 years old and must be verified through your personal identification. CoinMama serves all over the world with exception of some countries like Iran, North Korea, Syria, and Somalia. This platform is also restricted to 2 US states, Hawaii and New York.
2. BinanceBinance runs on Web, Windows, Mac, iOS, Android.
Binance is a digital asset exchange where you can buy, sell or store any digital asset — Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. Binance isn’t just a place to trade, it is also an ecosystem where users can share their knowledge and experience regarding digital assets and blockchain technology. Binance offers an advanced user experience for crypto traders that focuses on liquidity, security and ease-of-use. The exchange can be accessed through desktop applications via Binance mobile apps for iOS and for Android. Changpeng "CZ" Zhanfei founded the exchange in July 2014 following the launch of Bancor, an Ethereum-based smart contract platform. Binance allows you to trade between various cryptocurrencies (including Bitcoin, Ethereum and Litecoin) but also other coins such as Iota, Monero, Qtum and many others. You can also buy and sell these coins with Bitcoin. Binance isn’t just a place to trade, it is also an ecosystem where users can share their knowledge and experience regarding digital assets and blockchain technology.
3. GeminiGemini runs on Web, Windows, Mac, iOS, Android.
Gemini is a trading platform that aims to help users with their trading needs. Gemini combines the best of online stock markets, foreign exchange and trend following with a global banking infrastructure to allow its clients to trade across borders. Gemini has its roots in the early days of the Bitcoin exchange markets when many investors could not buy or sell directly with fiat currencies. Instead, they had to rely on third-party providers such as Coinbase to facilitate their transactions for them. As exchanges grew more popular, Gemini provided a simple and safe way for retail investors to trade directly from their bank accounts with minimum risk. With Gemini, buying and selling Bitcoins on the spot is safe and easy — they even offer an app for mobile devices! They are also creating new ways for users to easily diversify their investment portfolios by pairing Etherium with other cryptocurrencies that can be traded against each other. The platform offers very high levels of liquidity — and it allows anyone who wants to invest in cryptocurrency at all levels of sophistication and knowledge to do so without incurring any transaction costs whatsoever.
4. Trading 212Trading 212 runs on Web, iOS, Android.
Trading 212 is a platform for online commission-free trading available for various investors. It was launched in 2004 and is currently based in the UK. You can easily trade forex, and stocks in just one motion. In history, Trading 212 is the first firm to offer free commission in stock trading. With this, millions of traders were able to access the market at just a low cost. It has a mobile application with more than fifteen million downloads. It has a variety of accounts you can choose from. First is CFO (Contract For Difference) account. This account will allow you to trade among major markets for over 2500 instruments. While Invest and USA accounts give you access to over 10,000 stocks and cryptocurrency exchange traded funds (ETF) in a blink of an eye. Also, you have added security in Trading 212 as it is being regulated by United Kingdom’s Financial Conduct Authority.
5. EToroEToro runs on Web, iOS, Android.
eToro is a multi-asset and social trading brokerage company owned by an Israeli that is focused on offering copy and financial trading services like crypto and forex. The company has physical offices in Australia, the United States, the United Kingdom, and Cyrus. Its headquarters are in Tel Aviv-Yafo, Limassol, London. Also, the company was founded by David Ring, Yoni Assia, and Ronen Assia. Currently, it is estimated that eToro has about 1200 employees who run its day-to-day programs. Further, it was founded in January 2007. Currently, eToro is a very established company with millions of users using the application, reliability, and trustworthiness are not to be doubted. This is a platform that you can trade with full confidence. Creating an account with eToro is absolutely free. You won’t be charged any ticking or management fees and investing in stocks does not come with commission charges. For withdrawal, you’ll have to incur a $5 fee, plus FX rates are applied to non-USD withdrawals and deposits.
6. IGIG runs on Web, iOS, Android.
IG is a world leader in online trading. And have provide their clients access to over 10000+ markets. They were founded in 1974, and are based in London. Assets on offer range from cryptocurrencies, to Forex, to commodities and more.
7. RobinhoodRobinhood runs on iOS, Android.
The Robinhood app is going to change many views on investing. The online trading tool is already being employed in many ways. Robinhood can make it easier for people to invest, thanks to the incredible variety of online tools. Trade on the go, using a smartphone to activate the app when it is needed. The Robinhood app has been widely used by people so far. They have years of experience now thanks to the smart app too.
The best step should be to read many of the new reviews. The critics have watched Robinhood develop into a workable app. The smartphone app can be started at any place in the world. Trade with a greater amount of confidence thanks to the app. Online trading tools have surpassed expectations in several new ways. The Robinhood app is going to be a leader for the novice traders of the world.
8. CEX.ioCEX.io runs on Web, iOS, Android.
CEX.io is a cryptocurrency exchange platform that was founded in 2013 by Oleksandr Lutskevych in London. It is one of the leading platforms when it comes to bitcoin with over 4 million active users worldwide. They do support around 99% of the countries worldwide and they have a good record of 0% fund lost. They have a variety of cryptocurrencies that you can trade with it can be used in iOS, Android, website, WebSocket, and REST API. They have nearly 400 people serving the world. The minimum deposit is 20 USD with no limit on withdrawal. This is one of the first platforms that allow the use of credit and debit card for deposits. They also provide an affiliate program that gives you unlimited earning possibilities with up to 30% commission. They have 4 types of account, basic, verified, verified plus, and corporate which comes with their own features. Depending on which fiat currency and facility you using, the fees can be between 2.99% to 0%. It is pretty straightforward and simple to use.
9. ByBitByBit runs on Web, iOS, Android.
ByBit is a trading platform for Cryptocurrency derivatives. There are 3 types of contracts you can buy and 5 other cryptocurrencies that you can trade-in. ByBit was founded by Ben Zhou in 2018 and its headquarters is in Singapore. This platform has more than 3 million users worldwide and growing every day. On this platform, you can trade, buy, sell, and mine cryptocurrency. ByBit is very safe since it uses an HD cold wallet system and multiple authentication layers that guarantee the safety of the fund. The platform support traders in 13 languages. It has very high leverage up to 100x, has low internal fees, and you can buy cryptocurrency using debit or credit cards. The withdrawal process is very safe since it does not support any fiat transaction and only uses transactions from one wallet to another cryptocurrency wallet. They also provide a VIP program where you will be assisted by a personalized ambassador. You can also earn extra income through their affiliate and referral program. ByBit provides a mobile app version of the platform and has the same full functionality as the desktop version. One of the best things about ByBit is it can handle 100,000 transactions per second and have no server downtime. The platform is truly user-friendly and any beginner with knowledge in trading can use it. The verification will be done in 5 minutes but you need to be at least 18 years old. Their service is restricted in several countries like Cuba, Iran, Syria, North Korea, and Mainland China.
10. PrimeXBTPrimeXBT runs on Web, iOS, Android.
PrimeXBT is a cryptocurrency trading platform that supports cryptocurrency, indices, commodities, and currencies. It was founded in late 2017 and its headquarters is in Victoria, Beau Vallon, Seychelles. It also has an office in Switzerland. Some of the listed cryptocurrencies are bitcoin, Ripple, Ethereum, EOS, and Litecoin, although they have been adding more new cryptocurrencies. It supports over 150 countries although it does have a list of 14 countries it is restricted to, including the US. The minimum deposit is 0.001 BTC and no deposit fees with the withdrawal fee set at 0.0005 BTC. It can be used on both iOS and Android. The sign-up process is pretty quick with no KYC procedures. It is very user-friendly and you can execute the trading in a very fast manner with a leverage of 100x. PrimeXBT also provides a Turbo Trading Platform which is very suitable for beginners. They also have an affiliate program that gives you up to 20% of the total trading profit of the person you bring in. It has a strong security system like multi-sig and SSL certified. It has a complete set of customer services that will serve you 24/7. It has over 600 million daily trading volumes.
11. CashAppCashApp runs on Web, iOS, Android.
CashApp (Formerly known as Square Cash) is a mobile payment portal service that enables its users to send and receive funds for either personal or business purposes. it is an online funds transfer service that allows users to transfer one's fund to another with the use of its mobile app. There are no limits when it comes to using this platform. Startups' businesses are being driven to use this because of the convenience it gives.
What's making it a "new favorite" for the merchants is that it allows making a transaction even without linking one's bank account or credit/debit card. There's nothing to worry about safety because it has a robust protection policy that has a combination of encryption and fraud detection technology to fully secure the personal data and funds of the user. Even though you can use it with or without a linked card or bank account, you can still avail its Free Debit Card. Not only that, but you can also buy and sell bitcoin and stocks from the app.
12. KuCoinKuCoin runs on Web, Windows, Mac, iOS, Android.
KuCoin is a cryptocurrency exchange for many digital assets and cryptocurrencies, founded by Johnny Lyu in September 2017. Since then, it grew to more than 8 million users globally. KuCoin has several advantages, including low trading fees, a wide range of coins, and a strong user base. With the lowest trading fee in the market, you do not have to pay monthly account fees. In addition, KuCoin maintains a broad selection of cryptocurrencies, including the new ones so you can get in early. In the same way, you can trade often given its added liquidity because of user volume and you can find an active local community with its services. It caters localized services with multilingual customer service. Earning interest in your crypto is easy on this platform. You can earn a sort of stock dividends by staking, or you can put your crypto into a loan to earn interest as a reward. Everyone can trade in it even with just an email address, as long as it is available in your country.
13. PoloniexPoloniex runs on Web, iOS, Android.
Poloniex was founded in 2014, with headquarters in Boston, by Tristian D'Agosta, a former music composer who is still a leading executive. Poloniex's motto is "Trade like a Legend on the Legendary Exchange." Poloniex offers a huge list of over 350 cryptocurrencies including new & rare coins. Poloniex is a top-three exchange by "real" volume, with low fees, and a full range of futures, margin and derivative options, lending, and mobile apps. Poloniex is a centralized exchange, but also offers Poloni DEX, decentralized exchange with zero fees. Poloniex was hacked in 2014, with clients losing 12% of their assets. Poloniex was acquired in 2018 by Circle, which planned to clear regulatory hurdles in the US but instead spun Poloniex out in 2019 to Justin Sun. Poloniex then acquired/merged with TRXMarket, the largest TRON DEX. Poloniex offers fee discounts to Tron holders. In 2020, the EXMO exchange claimed hackers stole $5MM through the Poloniex DEX.
14. BitpandaBitpanda runs on Web, iOS, Android.
Bitpanda was founded in 2014 in Vienna, Austria. Originally called Coinimal, Bitpanda rebranded in 2016. In 2018, Bitpanda opened an office in London, and expanded to offer trading in precious metals. In 2020, Bitpanda received funding including money from Peter Thiel. In 2021, Bitpanda opened an office in Berlin, launched trading in securities, partnered with Visa to offer a credit card, and raised more funding, valuing the company at over four billion USD. Bitpanda is famous for offering crypto index funds, and having low fees. A decent range of coins are available for trading along with commodities and stocks, although the Bitpanda Pro system has a limited ( ~twenty) selection of coins. Bitpanda is known for a very accessible & user friendly interface on desktops and on mobiles on iOS, less so on Android. The Bitpanda academy feature, with online teaching about investing, has proven popular. Other than the native Bitpanda BEST token, Bitpanda does not offer ways to earn interest.
15. CoinbaseCoinbase runs on Web, Windows, Mac, iOS, Android.
Coinbase is a payment platform that allows you to buy, sell, hold and send Bitcoin and other cryptocurrencies. The service can be used in the same way as you use Visa or Master Card, with a few differences. Coinbase makes it easy for you to buy, sell and send Bitcoin or other cryptocurrencies. You can use your credit cards with Coinbase too. If you don't have any cards or accounts, then you can still use Coinbase as a virtual wallet. Coinbase has a simple signup process: just create an account and start using it today. It supports a variety of high-quality payment methods, including credit cards, wire transfers, and bank transfers. You can trade most altcoins on Coinbase using US dollars or your local currency. It's secure, so you can buy or sell without causing any transaction fees. Coinbase has excellent customer service, which means if you have any problems Trading Bitcoin on Coinbase, they will help you out in any way they can – Instant Funds Delivery if required, and so much more.
16. OKXOKX runs on Web.
OKX was launched as OKEx in Beijing, China in 2018 by Star Xu, privately held by the Ok Group. OKX's motto is "Better Future - Game On." Rebranded as OKX in 2022, OKX was the largest spot derivative exchange by reported volume in 2018, with another leap up in 2020, despite some dispute over reported volumes. OKX offers a "white label" service where clients with $2.5MM can run their own branded exchange. OKX is famous for positive price action of newly listed cryptos. Facing the blanket ban of crypto by China, OKX relocated to Malta, and now operates from the Seychelles, with offices in India and a large dev staff still in China. OKX was blocked by internet services in China in 2021. In 2022, OKX was in the news with sponsorship deals with Manchester FC and MacLaren, as well as for refusing to block Russian clients.
17. Gate.ioGate.io runs on Web, iOS, Android.
Presently offers more than 1,200 different crypto assets, making it one of the largest cryptocurrency exchanges in the world. A huge variety of cryptocurrencies may be purchased, however, some of them might not be accessible, depending on your area. To get trade discounts, the Gate.io platform's native token, GateToken (GT), must be held and used to pay trading costs. GateToken carries specific discounts and advantages for its holders. Also, you may be able to participate in exclusive events, such as the debut of new coins. SMS and email verification, as well as the creation of a unique withdrawal password, are among the security measures in place. Instituted a bug bounty program that compensates people who disclose flaws and vulnerabilities on the platform. Follows the trend of large crypto exchanges by storing part of its clients' money in cold storage, which is isolated from the internet.
18. StormGainStormGain runs on Web, iOS, Android.
StormGain is a public company, founded in London in 2019 by Alex Althausen. Their motto is "There is nothing complex about StormGain," and a "crypto trading platform for everyone." StormGain has five million clients spread over 230 countries. This is a lot, but StormGain has very attractive features. StormGain offers up to 500x (!) leverage, a bitcoin faucet, and actually mines bitcoin ( not on your CPU) for four hours after each use. Stormgain has no KYC, a built-in wallet, crypto indices, affiliate and loyalty programs, and even offers an Islamic wallet with Halal features like zero interest. On the downside, they are known for high gas fees ( use XLM!) and slow mining rates without a huge deposit. The mined BTC can only be traded, not just withdrawn, and support may be stretched with all those clients - but StormGain does show a very impressive 4.3 stars on TrustPilot with ~30,000 reviews.
19. FTXFTX runs on Web, iOS, Android.
FTX is a cryptocurrency exchange platform that is based in Nassau, New Providence, The Bahamas. It was founded 3 years ago in May 2019 by Sam Bankman Fried and Gary Wang. It has about 10 billion trading volumes daily and has more than one million active users. It has a very low withdrawal fee from 0% to 0.4% and it also has advanced trading options. One good thing is their purpose because they donate 1% of all their net fees to suitable world charities. You can get involved in their FTT staking program and get benefits like increased referral rebate rates, bonus votes, free withdrawal, override maker fee, increased airdrop rewards, and IEO tickets. Ther have over 250 futures, over 100 spots, leveraged tokens, volatility tokens, 11 fiat currencies, and prediction of the market. They also have a fast and secure payment processor. They also provide their very own application that can be downloaded to your handphone and used to trade anywhere and anytime. They also have a very good partnership with big names like Major League Baseball, Petronas F1, and International Cricket Council. They are also in the process of creating a gaming division to be added with cryptocurrency for players who love video games.
20. BittrexBittrex runs on Web, iOS, Android.
Bittrex is a centralized exchange founded in 2014, with headquarters in Seattle, Washington. Bittrex offers over three hundred cryptos pairs and is currently a top-twenty exchange by volume. Bittrex charges zero fees for clients buying crypto with credit cards. Bittrex was founded by three Microsoft alumni formerly at Amazon as security experts. From this heritage, Bittrex offers advanced security features such as a multi-stage cold storage wallet scheme, whitelisting IP addresses for access, and a "kill switch" one-button account lockup email sent to clients when unauthorized access is perceived. In keeping with their tech background, Bittrex offers extensive APIs for clients who want to build bot trading platforms. Bittrex is known for more advanced trading features including extensive charting tools and live order books. Their fee schedule is based on a "maker-taker" model, where instantly filled orders have different fees from orders placed to sit in the book and wait to be filled.
21. PhemexPhemex runs on Web.
Phemex was established in Singapore and headed by eight former executives of Morgan Stanley.
Specializes in spot and derivatives trading throughout the world that is trustworthy and professional.
The raft protocol underpins the transaction and cross engines, resulting in exceptional performance and 365 x 24 availability. A patent covers the system's design.
300,000 Transactions per second are processed: Custom-built trading engines execute 300,000 transactions per second and respond to orders in less than one millisecond. Every day smoothly processes more than $10 billion worth of trade volume.
Highest wallet security level: Cold wallet storage transfers need level 2 human review offline signatures, which means that your funds are safe in every possible way.
Sub-accounts make trading easy: Since they are compatible with both the FIX API for institutional traders and the sub-accounts for quantitative traders. It got you covered, no matter what type of trader you are.
22. SkrillSkrill runs on Web, iOS, Android.
The Skrill platform is an electronic payment service that was launched in 2001 under the name of Moneybookers but is now called Skrill. It is a platform that was born to simplify online payments and has evolved over the years and today offers a wide range of services, among these, are withdrawals and deposits to bank accounts, international money transfers, cryptocurrency trading, and much more. A large part of Skrill users is online gambling customers, which most online payment platforms avoid, while Skrill has the advantage of being regulated by the UK FCA to be able to offer this type of service. Also, it gives its users the possibility to have multi-currency accounts, make investments in cryptocurrencies, and obtain a prepaid MasterCard credit card, which you can use anywhere that receives MasterCard. Besides, it is one of the authorized platforms to work with Forex, so you can make deposits and withdrawals from your broker through Skrill.
23. Crypto.comCrypto.com runs on Web.
Crypto.com was founded in 2016, originally named "Monaco." Founded by Bobby Bao, Gary Or, Kris Marszalek and Rafel Melohe, Crypto.com is owned by Forest DAX and is located in Singapore. Crypto.com is a large exchange, with 4,000 employees, and 50 million clients in over 90 countries, trading in over 250 cryptocurrencies. Crypto.com's mottos include "Fortune favours the brave" and "Cryptocurrency in every wallet." Their logo is a stylized Ethereum lion's head referencing the "lion city" of Singapore and the design of the world's earliest known coins. Crypto.com is famous for massive marketing, including the Crypto.com arena in Los Angeles for 700MM, their domain name for 5-10MM, and sponsorship deals with Formula One, and football teams as well as in the NHL and NBA, with Matt Damon as a brand ambassador. Crypto.com offers the Metal Visa card and mobile apps. A $15MM hack of Crypto.com was reported in early 2022 but client funds were not affected.
24. DeribitDeribit runs on Web.
Deribit was founded in the Netherlands in 2016 by John Jansen, a local options trader, who was "hooked" on BTC in 2012. Derebit added ETH derivatives in 2019. Now operating from Panama, "Deriviative Bitcoin" is a futures and options exchange for BTC and ETH, claiming 85% of the BTC options market. Deribit supports perpetuals, and has a block trading desk. They only accept BTC funding, not fiat. Deribit is famous for good market data, and sophisticated, low latency trading for executing complex, multi-pronged trading strategies. Deribit runs a maker-taker variable fee system. Their automatic margin system, backed by an "insurance fund," has not allowed any major issues. Deribit has not been hacked but did have an internal pricing flash crash in 2019 when they paid back $1.3 MM to investors. Despite all the above, Deribit only has a 3.6-star rating on Trustpilot, (on only ten reviews) due to complaints about price manipulation.
25. BitmexBitmex runs on Web.
Bitmex is a crypto exchange run by HDR Global Trading, located in Seychelles. Founded in 2014, Bitmex is one of the leading crypto derivatives exchanges, and bills itself as "Crypto's most advanced platform." Bitmex is famous for offering the first perpetual swap, and for enabling very high ( 100x ) leverage for derivative trading. Bitmex operates as a peer-to-peer trading platform with a fully verified user base. Bitmex does not deal in fiat currency, only in cryptocurrencies. Bitmex offers APIs for automated trading which are considered among the best available. Bitmex attracts hedge fund clients from around the world with very deep liquidity. Bitmex is rolling out Spot, Brokerage, and Custody services to maintain its industry-leading position. Bitmex was founded by Arthur Hayes and Ben Delo. Bitmex faced legal issues and adverse publicity over anti-money laundering (AML) procedures, but is moving past this, as Hayes has now been sentenced to two years of probation.
26. MargexMargex runs on Web.
Margex is a digital asset trading and investment platform based on margin. This platform was created by Margex Trading Solutions Ltd in 2020 and is based in Seychelles. It has 24/7 support, and a service uptime of 99.99% which means its server rarely goes down. Its average order execution time is 8ms and it has a 40 million order book depth with 100,000 trades per second capacity. They have very active promotions like getting 50 dollars after registration and getting another 50 dollars if you deposit 0.004 and more Bitcoin. The platform is very easy to use and can support crypto and stablecoin as well. They have a very attractive MP shield to protect users. The platform has 12 high liquidity providers. The minimum deposit is only 10 dollars and the minimum trading size is 1 dollar. You do not need to swap coins here and they can be used on mobile phones. Their margin and leverage si from 5x to 100x and they also have a live demo account with multiple order types. One interesting feature of this platform is its referral program which gives you 40% commissions and it is paid in bitcoins. They also have video tutorials to guide you on this platform.