42 Highlights 46 Differences 6 Reactions 0 Likes

Bitfinex vs Kraken: 42 Highlights & 46 Differences — So, Which Trading Actually Works Better

Multiple currencies mean more trading flexibility. Find out which exchange offers more options. Whether it’s investing, insuring, or borrowing, we put Bitfinex vs Kraken through a feature-focused trading comparison.

66 Points
Bitfinex
Bitfinex
Bitfinex
Bitfinex
70 Points
Kraken
Kraken
Kraken
Kraken
vs

Highlights 130

No extras. Just what matters.
66 Points
vs
70 Points

Why is Bitfinex better than Kraken ?

Scroll down for more facts

Bitfinex vs Kraken: A Comprehensive Comparison for Crypto Traders

When diving into the world of cryptocurrency trading, choosing between leading exchanges like Bitfinex and Kraken can be challenging. Both exchanges are globally recognized and offer extensive cryptocurrency trading options, along with multiple account funding methods such as credit cards, debit cards, bank transfers, and crypto deposits. 

Additionally, they provide all the essentials, including portfolio tracking, risk management tools, price alerts, and customizable dashboards. While they share many core functionalities, crucial distinctions in supported trading instruments, platform access, risk controls, and fee structures set them apart for various trader types.

Bitfinex: Sophisticated Crypto Trading With Fast, Responsive Support

Bitfinex has carved a niche focusing heavily on cryptocurrency trading, enriched by options and futures contracts. With its web and mobile platform availability, traders enjoy continuous session times for a seamless trading experience. The fixed tick size of 0.01 USD and cash settlement simplify pricing and closing trades, especially for derivatives.

One of Bitfinex's standout aspects is its high fill rate of 99%, reflecting a reliable order execution performance. It also excels in providing quick customer support with a 24-hour response time across email and forum channels, which can be vital for traders seeking fast resolutions.

While Bitfinex supports hedging and advanced risk management, it does not offer volatility protection and imposes inactivity fees that might discourage less active trading styles. Its inactivity fee structure is important to consider if you plan to trade irregularly. However, for traders prioritizing crypto derivatives, speed, and efficient execution, Bitfinex is an excellent choice.

Kraken: A Broader Multi-Asset Platform With Robust Risk Controls

Kraken stands out by offering a wider scope of assets, including cryptocurrency, stocks, futures, and ETFs. This broad offering caters perfectly to traders seeking a diversified portfolio in one place. The availability across web, desktop, and mobile platforms offers comprehensive accessibility, with 24/7 session times ensuring trading windows fit any schedule.

Kraken accepts numerous fiat currencies such as USD, EUR, GBP, AUD, CAD, and CHF, providing flexibility in account currency choices and funding options, including bank transfers, cards, and crypto. The platform supports physical settlement and boasts variable deposit fees tailored by method.

Risk management is a domain where Kraken shines, delivering superior features such as volatility protection to shield traders from extreme market swings. Additionally, it avoids inactivity fees, which favors casual investors or those prone to intermittent trading. Educational resources, including webinars, enhance user learning. While its customer support can take up to 48 hours, it provides more varied communication channels like live chat, phone, and email, making it accessible to different user preferences.

Quick Take

Bitfinex is a stellar choice for seasoned crypto traders who focus on derivatives and value execution speed, coupled with responsive support. On the other hand, Kraken appeals to those who want a multi-asset environment with strong risk controls and more currency options, ideal for both cautious and diversified trading strategies.

Bottom Line

Both Bitfinex and Kraken pack powerful features tailored to distinct trading needs. If you prioritize diverse asset classes from crypto to stocks with comprehensive risk protection and a wider currency range, Kraken is the superior pick. However, if your trading revolves around crypto derivatives, and you demand a fast, mobile-friendly platform with excellent trade execution, Bitfinex will serve you best.

Verdict

  • Winner: Kraken - For offering a wider variety of trading assets, robust risk management tools, including volatility protection, multi-platform access, and better support for global currencies.
  • Runner-up: Bitfinex - For specialized crypto options and futures trading with high fill rates and faster customer response times, better suited for active crypto derivatives traders.

Comparisons 28

Two enter. One leaves your cart.

Related comparisons 28

Because one duel is never enough.

Comparisons & Facts 130

Side by side. The numbers. The features. No drama.

How do Bitfinex and Kraken perform when it matters most? We compared everything from trading type, margin call level, stop out level & hedging support to fees and user confidence.

General Information 7

Year Established

When was the platform established?

50 Bitfinex 0 Votes 2012

52 Kraken 0 Votes 2011

Bitfinex
vs
Kraken
Year Established

Kraken was established in 2011, a year earlier than Bitfinex's 2012 founding. This slight seniority may reflect more experience in the market for Kraken, favoring users looking for longer-established platforms.

Shows how long the platform has been operating.

Trading Type

What type of trading is available?

79 Bitfinex 1 Votes Options, Futures, Crypto

77 Kraken 0 Votes Crypto, Stocks, ETFs, Futures

Bitfinex
vs
Kraken
Trading Type

Bitfinex supports Options, Futures, and Crypto trading types, while Kraken offers Crypto, Stocks, ETFs, and Futures. Kraken's broader asset variety suits users interested in diversified trading including traditional assets.

Indicates the type of trading the platform offers.

Bitfinex offers crypto options and futures trading which is great for active crypto traders unlike Kraken which supports more asset types.

See more

Trading Platform Type

What type of trading platform is available?

82 Bitfinex 0 Votes Web, Mobile

82 Kraken 1 Votes Web, Desktop, Mobile

Bitfinex
vs
Kraken
Trading Platform Type

Bitfinex offers trading platforms via Web and Mobile, whereas Kraken expands availability with Web, Desktop, and Mobile platforms. Kraken's additional Desktop option provides greater flexibility for traders preferring traditional software.

Shows the type of trading platform provided.

Kraken's platform availability includes web desktop and mobile making it more accessible than Bitfinex's web and mobile only.

See more

Base Countries

Where is the platform headquartered?

92 Bitfinex 0 Votes Global

92 Kraken 0 Votes Global

Bitfinex
vs
Kraken
Base Countries

Both Bitfinex and Kraken serve a global user base as their base countries. This worldwide availability ensures both platforms cater to international crypto traders equivalently.

Indicates countries or regions where the platform is based or headquartered.

Headquarter Location

Where is the headquarters located?

64 Bitfinex 0 Votes Road Town,British Virgin Islands

74 Kraken 0 Votes Cheyenne, Wyoming, US

Bitfinex
vs
Kraken
Headquarter Location

Bitfinex is headquartered in Road Town, British Virgin Islands, while Kraken is based in Cheyenne, Wyoming, US. Both locations are strategic for global crypto operations, but Kraken's US base offers potentially stronger regulatory oversight, making it more suitable for users valuing regulatory assurance.

Exact location of the platform headquarters.

Market Access

Which markets can you access?

97 Bitfinex 0 Votes Global

97 Kraken 0 Votes Global

Shows the market regions accessible through the platform.

Regulatory Compliance

Which regulations does the platform comply with?

0 Bitfinex 0 Votes None

76 Kraken 0 Votes SEC, FCA, CySEC, ASIC, FINRA, MiFID II, MiCA

Indicates regulatory authorities overseeing the platform.

Account Features 12

Base Leverage for Different Asset Classes

What is the base leverage for different asset classes?

17 Bitfinex 0 Votes Cryptocurrency

17 Kraken 1 Votes Cryptocurrency

Bitfinex
vs
Kraken
Base Leverage for Different Asset Classes

For base leverage in cryptocurrency asset classes, both Bitfinex and Kraken list cryptocurrency leverage support. Specific leverage levels are unspecified but the presence indicates both support leveraged crypto trading.

The base leverage offered for different types of assets.

Both offer base leverage for cryptocurrencies but Kraken provides more fiat options for account currencies which suits global users better.

See more

Account Currency

Which currencies can I use for my account?

65 Bitfinex 0 Votes USD, EUR, GBP, JPY

61 Kraken 0 Votes USD, EUR, GBP, AUD, CAD, CHF

Bitfinex
vs
Kraken
Account Currency

Bitfinex supports account currencies USD, EUR, GBP, and JPY. Kraken includes those plus AUD, CAD, and CHF. Kraken’s broader currency options better serve users with varied currency preferences.

Currencies available for account funding and trading.

Withdrawal Methods

How can I withdraw funds?

77 Bitfinex 0 Votes Bank Transfer, Crypto

77 Kraken 0 Votes Bank Transfer, Crypto

Bitfinex
vs
Kraken
Withdrawal Methods

Both Bitfinex and Kraken provide Bank Transfer and Crypto as withdrawal methods, offering users multiple flexible options to manage their funds.

Methods available to withdraw funds.

Maximum Trade Size

What is the maximum trade size?

66 Bitfinex 0 Votes Not specified

66 Kraken 0 Votes Varies by account limits

Bitfinex
vs
Kraken
Maximum Trade Size

Bitfinex does not specify its maximum trade size, whereas Kraken states it varies by account limits. Kraken provides clearer guidance, favoring traders with specific size requirements.

Largest position size allowed per trade.

Account Funding Methods

How can I fund my account?

77 Bitfinex 0 Votes Credit Card, Debit Card

77 Kraken 0 Votes Bank Transfer, Credit Card, Debit Card, Crypto

Bitfinex
vs
Kraken
Account Funding Methods

Bitfinex accepts Credit Card and Debit Card for account funding, while Kraken adds Bank Transfer and Crypto options. Kraken's wider funding methods suit users seeking more payment variety.

Ways to deposit funds into the trading account.

Leverage Options

What leverage options are offered?

67 Bitfinex 0 Votes 1:100

15 Kraken 0 Votes 1:1, 1:5

Bitfinex
Bitfinex

Leverage options include a base leverage of 1:100, enabling traders to control larger positions with a smaller amount of capital, which increases potential risk and reward.

Kraken
Kraken

Kraken offers up to 5x leverage on eligible crypto pairs.

Leverage levels available to the trader.

Margin Requirements

What are the margin requirements?

47 Bitfinex 0 Votes High

37 Kraken 0 Votes Standard

Kraken
Kraken

The platform maintains Standard margin requirements for trading, meaning a certain percentage of the trade's value must be held as collateral.

Required margin levels for trading positions.

Demo Account

Is a demo account available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
Bitfinex

Demo accounts are available, giving users a risk-free environment to practice trading and familiarize themselves with the platform.

Availability of a practice account for risk-free trading.

Minimum Trade Size

What is the minimum trade size?

73 Bitfinex 0 Votes 0.0001 BTC equivalent

78 Kraken 0 Votes Varies by asset

Kraken
Kraken

The Minimum Trade Size required varies depending on the specific asset being traded.

Smallest position size allowed per trade.

Minimum Deposit

What is the minimum deposit to open an account?

60 Bitfinex 0 Votes No minimum deposit

73 Kraken 0 Votes Varies by funding method

The minimum amount required to open an account.

Account Tier Levels

What account levels are available?

59 Bitfinex 0 Votes Basic,Intermediate,Full

65 Kraken 0 Votes Starter, Intermediate, Pro

Different account levels offering varying benefits.

Islamic Account

Is there an Islamic account option?

No 0 Votes Bitfinex

No 0 Votes Kraken

Option for swap-free accounts adhering to Islamic finance principles.

Trading Instruments 12

Settlement Type

What is the settlement type?

47 Bitfinex 0 Votes Cash

17 Kraken 0 Votes Physical

Bitfinex
vs
Kraken
Settlement Type

Bitfinex uses cash settlement, whereas Kraken performs physical settlement for trades. Traders preferring actual asset delivery might prefer Kraken's method.

How the instrument is settled.

Price Quotation

What is the price quotation method?

97 Bitfinex 0 Votes Bid/Ask

97 Kraken 0 Votes Bid/Ask

Bitfinex
vs
Kraken
Price Quotation

Both platforms use Bid/Ask pricing quotations, providing standard market price visibility for traders on Bitfinex and Kraken alike.

How the price is quoted for the instrument.

Tick Size

What is the tick size?

22 Bitfinex 0 Votes 0.01 USD

47 Kraken 0 Votes Varies by trading pair and market

Bitfinex
vs
Kraken
Tick Size

Bitfinex features a tick size of 0.01 USD, while Kraken's tick size varies by trading pair and market. Bitfinex offers fixed precision, good for standard trading, Kraken offers more flexibility.

Minimum price movement increment.

Session Times

What are the session times?

68 Bitfinex 0 Votes Continuous

69 Kraken 0 Votes 24/7

Bitfinex
vs
Kraken
Session Times

Bitfinex provides continuous session times for trading, while Kraken offers 24/7 sessions. Both enable round-the-clock trading, though Kraken explicitly confirms full weekly availability.

Specific sessions when the instrument is active.

Expiry Date

What is the expiry date?

7 Bitfinex 0 Votes None

7 Kraken 0 Votes None

Bitfinex
vs
Kraken
Expiry Date

Neither Bitfinex nor Kraken have expiry dates on their trading instruments, indicating continuous availability which benefits long-term and flexible trading strategies on both platforms.

Date when the instrument contract expires.

Symbol

What is the trading symbol?

87 Bitfinex 0 Votes BTC/USD, BTC/EUR

87 Kraken 0 Votes BTC/USD, BTC/EUR

Bitfinex
Bitfinex

The platform supports trading pairs such as BTC/USD and BTC/EUR, providing cryptocurrency trading options with popular fiat currencies.

Trading symbol or ticker for the instrument.

Contract Size

What is the contract size?

63 Bitfinex 0 Votes 1 contract = 1 unit of base currency

64 Kraken 0 Votes Not mentioned

Bitfinex
Bitfinex

The contract size signifies that 1 contract is equal to 1 unit of the base currency, clarifying the trading volume representation.

Standardized size of a trading contract.

Trading Hours

What are the trading hours?

92 Bitfinex 0 Votes 24/7

92 Kraken 0 Votes 24/7

Bitfinex
Bitfinex

Trading hours are 24/7, meaning the platform allows continuous trading without downtime across all days.

Hours during which the instrument can be traded.

Margin Type

What is the margin type?

87 Bitfinex 0 Votes Variable

87 Kraken 0 Votes Variable

Bitfinex
Bitfinex

The margin type is variable, meaning margin requirements can fluctuate based on market conditions and instrument type.

Type of margin applied to positions.

Tick Value

What is the tick value?

65 Bitfinex 0 Votes Depends on pair size

75 Kraken 0 Votes Depends on asset and tick size

Monetary value of a single tick movement.

Swap Long Rate

What is the swap long rate?

0 % 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Interest charged or credited for holding long positions overnight.

Swap Short Rate

What is the swap short rate?

0 % 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Interest charged or credited for holding short positions overnight.

Trading Tools & Technology 15

News Feed Integration

Is news feed integrated?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
vs
Kraken
News Feed Integration

Both Bitfinex and Kraken integrate news feeds, supporting traders needing updated market information directly on the platform.

Integration of real-time market news feeds.

Price Alerts

Are price alerts available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
vs
Kraken
Price Alerts

Both Bitfinex and Kraken support price alerts, which are essential features for active traders monitoring market movements.

Notifications when price reaches set levels.

Strategy Optimizer

Is there a strategy optimizer?

No 0 Votes Bitfinex

No 0 Votes Kraken

Bitfinex
vs
Kraken
Strategy Optimizer

Bitfinex does not offer a strategy optimizer, and Kraken's data is unavailable, suggesting no clear advantage. Traders seeking automated strategy optimization might find both platforms limited.

Tool for optimizing automated trading strategies.

Expert Advisor Support

Does the platform support expert advisors?

No 0 Votes Bitfinex

No 0 Votes Kraken

Bitfinex
vs
Kraken
Expert Advisor Support

Expert Advisor support is not available on Bitfinex and data is missing for Kraken, indicating neither platform provides this feature, less ideal for algorithmic traders desiring EA integration.

Support for EA or trading robots.

Economic Calendar Integration

Is the economic calendar integrated?

No 0 Votes Bitfinex

No 0 Votes Kraken

Bitfinex
vs
Kraken
Economic Calendar Integration

Bitfinex does not integrate an economic calendar, while Kraken's status is not available on this spec. Assuming Kraken lacks it or data is missing, Bitfinex explicitly lacks this feature, less suitable for traders needing macroeconomic event tracking.

Ability to view economic events directly on the platform.

Charting Tools

What charting tools are available?

50 Bitfinex 0 Votes Line, Bar, Candlestick

57 Kraken 0 Votes Line, Bar, Candlestick, Heikin Ashi

Bitfinex
Bitfinex

Charting tools feature Line, Bar, and Candlestick chart types, which are essential for visualizing price movements.

Tools provided for visual price analysis.

Technical Indicators

Which indicators are available?

63 Bitfinex 0 Votes Moving Average, RSI, MACD, Bollinger Bands, Stochastic

63 Kraken 0 Votes Moving Average, RSI, MACD, Bollinger Bands, Stochastic

Bitfinex
Bitfinex

Technical indicators supported include Moving Average, RSI, MACD, Bollinger Bands, and Stochastic. These are commonly used for analyzing price trends and momentum.

Prebuilt indicators for technical analysis.

Automated Trading

Is automated trading supported?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
Bitfinex

Automated trading is supported, allowing users to implement algorithmic strategies and trade without manual intervention.

Ability to run automated trading strategies or bots.

Order Types Supported

Which order types are supported?

30 Bitfinex 0 Votes Market, Limit, Stop, Stop Limit, Trailing Stop

30 Kraken 0 Votes Market, Limit, Stop, Stop Limit, Trailing Stop

Bitfinex
Bitfinex

Order types supported include Market, Limit, Stop, Stop Limit, and Trailing Stop, offering flexible entry and exit strategies.

Types of trade orders the platform can execute.

Depth of Market

Is depth of market shown?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
Bitfinex

Depth of Market functionality is available, providing real-time insight into market liquidity and order book levels.

Displays real-time bid and ask volumes.

One Click Trading

Is one click trading supported?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

One Click Trading is enabled, allowing for rapid order execution with a single click, which is beneficial for fast-moving markets.

Execute trades instantly with a single click.

Multi Timeframe Charts

Are multi timeframe charts available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Multi Timeframe Charts are available, enabling traders to analyze price action across different time periods simultaneously for a more comprehensive view.

Ability to view charts in multiple timeframes simultaneously.

Fees & Costs 11

Spread Type

What type of spread is applied?

67 Bitfinex 0 Votes Variable

67 Kraken 0 Votes Variable

Bitfinex
vs
Kraken
Spread Type

Both platforms offer variable spread types, indicating spread changes based on market conditions consistently across Bitfinex and Kraken.

Type of bid-ask spread applied.

Withdrawal Fees

Are withdrawal fees reasonable?

60 Bitfinex 0 Votes Variable depending on asset

65 Kraken 0 Votes Varies by asset

Bitfinex
vs
Kraken
Withdrawal Fees

Withdrawal fees on Bitfinex vary depending on the asset, similarly Kraken's fees vary by asset. Both platforms charge variable fees, so cost depends on specific trading activity.

Charges for withdrawing funds from the account.

Currency Conversion Fees

Are currency conversion fees low?

97 Bitfinex 0 Votes Yes

97 Kraken 0 Votes Yes

Bitfinex
vs
Kraken
Currency Conversion Fees

Currency conversion fees apply on both Bitfinex and Kraken, meaning users converting currencies should consider these fees on both platforms.

Fees for converting currencies during trading or transfers.

Inactivity Fees

Is there an inactivity fee?

0 Bitfinex 0 Votes Yes

97 Kraken 1 Votes No

Bitfinex
vs
Kraken
Inactivity Fees

Bitfinex charges inactivity fees, whereas Kraken does not. Users prioritizing fee-free dormant accounts would prefer Kraken.

Fees charged if account remains inactive.

Bitfinex charges inactivity fees which is a drawback if you trade less often but Kraken has no inactivity fees so it's more flexible.

See more

Deposit Fees

Are deposit fees reasonable?

77 Bitfinex 0 Votes Crypto deposits free; bank wire fees may apply

71 Kraken 0 Votes Varies by method

Bitfinex
vs
Kraken
Deposit Fees

Bitfinex offers free crypto deposits but may charge bank wire fees; Kraken fees vary by deposit method. Kraken’s variable policy offers flexibility, while Bitfinex is clear on crypto deposit benefit.

Charges for funding the account.

Commission per Trade

What is the commission per trade?

68 Bitfinex 0 Votes 0.10%–0.20% maker/taker

71 Kraken 0 Votes Maker/Taker fee model

Bitfinex
Bitfinex

Commission per trade ranges from 0.10% to 0.20% maker/taker fees, which affect the cost depending on order type and liquidity provision.

Kraken
Kraken

The platform uses a Maker/Taker fee model for commissions per trade. Fees vary by volume, typically 0–0.40%.

Fee charged for each executed trade.

Swap Fees

Are swap fees low?

0 Bitfinex 0 Votes Not mentioned

17 Kraken 0 Votes Yes

Kraken
Kraken

Swap Fees may apply for positions held overnight, depending on the asset and market conditions.

Overnight or rollover fees applied to positions.

Minimum Commission

Is minimum commission favorable?

97 Bitfinex 0 Votes Yes

47 Kraken 0 Votes No

Kraken
Kraken

Kraken does not charge a fixed "minimum commission" dollar amount per trade. Instead, fees are calculated as a percentage of the total order value, meaning the absolute fee scale decreases with the trade size until it reaches the minimum order requirements.

The smallest commission a trader may be charged per trade.

Maximum Commission

Is maximum commission acceptable?

66 Bitfinex 0 Votes 0.20%

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Bitfinex
Bitfinex

The maximum commission charged per trade is set at a rate of 0.20%. This fee influences the overall trading cost and profitability.

The highest commission a trader may be charged per trade.

Spread Range

What is the spread range?

57 Bitfinex 0 Votes Variable

57 Kraken 0 Votes Variable

Range of spreads on currency or asset pairs.

Funding Bonus Conditions

What are the funding bonus conditions?

57 Bitfinex 0 Votes Account Verification

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Terms and conditions for any deposit or funding bonuses.

Risk Controls 10

Margin Call Level

What is the margin call level?

15 % 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Bitfinex
vs
Kraken
Margin Call Level

Bitfinex lists a 15% margin call level; Kraken data is unavailable. Bitfinex’s defined margin call level aids traders in managing leverage risks effectively.

Account equity level at which a margin call is issued.

Volatility Protection

Is volatility protection available?

No 0 Votes Bitfinex

Yes 1 Votes Kraken

Bitfinex
vs
Kraken
Volatility Protection

Kraken offers volatility protection, but Bitfinex does not, making Kraken more suitable for traders needing safeguards against market volatility.

Mechanisms to protect from extreme market volatility.

Kraken's volatility protection is a big plus for managing risk better while Bitfinex lacks this feature.

See more

Stop Out Level

What is the stop out level?

10 % 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Bitfinex
vs
Kraken
Stop Out Level

Bitfinex specifies a 10% stop out level; Kraken's stop out level is not available. Bitfinex provides clearer risk exit criteria beneficial for risk-conscious traders.

Account equity level triggering automatic position closure.

Hedging Support

Is hedging supported?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
vs
Kraken
Hedging Support

Hedging support is available on both Bitfinex and Kraken, allowing traders to manage risk by holding offsetting positions.

Allows offsetting positions to manage risk.

Maximum Drawdown Limit

What is the maximum drawdown limit?

Who knows? 0 Votes Bitfinex (Help us out by suggesting one!)

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Maximum allowable drawdown to protect equity.

Take Profit Tools

Are take profit tools available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Take Profit tools are available, allowing traders to automatically close positions once a specified profit level is reached, securing gains.

Allows automatic closing of trades to secure profits.

Risk Limits per Account

What are the risk limits per account?

68 Bitfinex 0 Votes Dynamic based on leverage

71 Kraken 0 Votes Varies by verification level

Bitfinex
Bitfinex

Risk limits are dynamically adjusted according to leverage usage, allowing flexible risk management per account.

Maximum exposure allowed per account.

Stop Loss Tools

Are stop loss tools available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Allows automatic closing of trades to limit losses.

Guaranteed Stop Loss

Is guaranteed stop loss offered?

No 0 Votes Bitfinex

No 0 Votes Kraken

Ensures stop loss orders are executed at the exact set price.

Negative Balance Protection

Is negative balance protection provided?

No 0 Votes Bitfinex

Yes 0 Votes Kraken

Prevents accounts from going below zero.

Trading Performance & Analytics 10

Risk Management Tools

Are risk management tools provided?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bitfinex
Bitfinex

Risk management tools help traders mitigate risks by setting controls tailored to market behavior and individual strategies.

Kraken
Kraken

The platform includes risk management tools to help traders control potential losses and manage their exposure to market fluctuations.

Tools for managing trading risk.

Fill Rate

What is the fill rate?

99 % 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Bitfinex
Bitfinex

The fill rate is 99%, indicating that most orders are executed fully without partial fills, which is critical for order reliability.

Percentage of orders executed fully.

Historical Performance Data

Is historical performance data available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Availability of past trading performance data.

Equity Curve Analysis

Is equity curve analysis available?

No 0 Votes Bitfinex

No 0 Votes Kraken

Analysis of account equity changes over time.

Drawdown Reporting

Is drawdown reporting available?

No 0 Votes Bitfinex

No 0 Votes Kraken

Reports on account drawdowns.

Reporting and Analytics

Which reporting types are available?

77 Bitfinex 0 Votes Daily Reports, Monthly Reports

77 Kraken 0 Votes Daily Reports, Monthly Reports

Bitfinex
Bitfinex

Reporting and analytics include daily and monthly reports, providing insights into trading performance over different periods.

Kraken
Kraken

Users can access Daily Reports and Monthly Reports for comprehensive analysis of their trading performance and account activity.

Access to analytical reports on trading activity with selectable reporting frequency.

Execution Speed

What is the execution speed?

100 ms 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Bitfinex
Bitfinex

Execution speed is 100 ms, which refers to the average time taken to execute an order, impacting trading efficiency.

Time it takes for trades to be executed.

Slippage Rate

How often does slippage occur?

0 % 0 Votes
Bitfinex

Who knows? 0 Votes Kraken (Help us out by suggesting one!)

Difference between expected and actual execution price.

Trade Confirmation Notification

Are trade confirmations provided?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Notifications confirming executed trades.

Realized and Unrealized PnL Tracking

Can PnL be tracked?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Tracks profit and loss for both closed and open positions

Integrations & Compatibility 10

Third Party Integrations

Are third party integrations supported?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Ability to connect with external software and tools.

Broker API Compatibility

Is the platform compatible with broker APIs?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Compatibility with APIs for automated trading.

Platform Plugins

Are platform plugins supported?

No 0 Votes Bitfinex

No 0 Votes Kraken

Availability of add-ons or plugins for enhanced functionality.

Cross Device Synchronization

Can data sync across devices?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Syncs account and settings across multiple devices.

Social Trading Integration

Is social trading integration available?

No 0 Votes Bitfinex

No 0 Votes Kraken

Connects with social trading platforms.

Tax Software Integration

Can it integrate with tax software?

No 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

The platform supports tax software integration, like Koinly and CoinTracker.

Compatibility with tax reporting software.

Data Feed Integration

Are data feeds integrated?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

The platform offers data feed integration, which is crucial for real-time market data and advanced analysis.

Integration with live market data feeds.

Portfolio Tool Integration

Can it integrate with portfolio tools?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Integrates with portfolio management tools.

Charting Software Compatibility

Is charting software compatible?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Works with external charting applications.

Copy Trading Integration

Is copy trading integration available?

No 0 Votes Bitfinex

No 0 Votes Kraken

Ability to replicate trades from other users.

Account Management & Reporting 8

Account Alerts & Notifications

Which account alerts are available?

57 Bitfinex 0 Votes Margin Call Alerts, Market Alerts, Deposit Alerts

57 Kraken 0 Votes Margin Call Alerts, Equity Alerts

Bitfinex
Bitfinex

Alerts are sent for margin calls, market changes, and deposits to keep traders promptly informed of important account events.

Kraken
Kraken

Users can receive important account notifications, including Margin Call Alerts and Equity Alerts, to stay informed about their trading activity and account health.

Combines all account-related alerts and notifications for user monitoring.

Account Statements

Are account statements available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Account statements are provided, allowing users to track their transaction history and financial performance.

Provides detailed statements of account activity.

Portfolio Tracking

Is portfolio tracking available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Portfolio tracking features are available, allowing users to monitor the performance and composition of their investments over time.

Tracks performance of holdings and positions.

Customizable Dashboard

Can the dashboard be customized?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

The platform features a customizable dashboard, enabling users to arrange widgets and information according to their preferences.

Allows users to personalize their account overview.

Tax Reports

Are tax reports available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Reports to assist with tax filings.

Multicurrency Balances

Are multiple currency balances supported?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Users can hold balances in multiple currencies, offering flexibility for international trading and asset management.

Supports holding balances in multiple currencies.

Monthly Summary Emails

Are monthly summary emails sent?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Sends monthly account summaries via email.

Trade Export

Can trades be exported?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Allows exporting trade history and data.

Funding Speed & Limits 9

Minimum Withdrawal

What is the minimum withdrawal?

67 Bitfinex 0 Votes Varies by asset

77 Kraken 0 Votes Varies by asset and network

Kraken
Kraken

The Minimum Withdrawal amount is subject to variations based on the asset and the network used for the withdrawal.

Smallest withdrawal allowed per transaction.

Withdrawal Limits per Time Period

What are the withdrawal limits per time period?

75 Bitfinex 0 Votes Based on verification level

78 Kraken 0 Votes Varies by verification level

Bitfinex
Bitfinex

Withdrawal limits depend on the user's verification level, which ties higher limits to more complete account verification for security.

Maximum total withdrawals allowed in a given period.

Funding Partners

Who are the funding partners?

47 Bitfinex 0 Votes Banks, Wallets

54 Kraken 0 Votes Banks, Payment Processors, Wallets

Bitfinex
Bitfinex

Funding partners include banks and wallets, providing various options for depositing and withdrawing funds.

Approved partners for deposits and withdrawals.

Cryptocurrency Funding Options

Are crypto funding options available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Users have the option to fund their accounts using various cryptocurrencies, providing flexibility and convenience.

Ability to fund accounts using cryptocurrencies.

Maximum Withdrawal

What is the maximum withdrawal?

0 Bitfinex 0 Votes Not specified

82 Kraken 0 Votes Varies by verification level

Largest withdrawal allowed per transaction.

Withdrawal Processing Time

What is the withdrawal processing time?

24 hours 0 Votes
Bitfinex
72 hours 0 Votes
Kraken

Bitfinex
Bitfinex

Withdrawal processing time is approximately 24 hours, indicating a fast turnaround for users retrieving their funds.

Average time to process withdrawals.

Maximum Deposit

What is the maximum deposit?

12 Bitfinex 0 Votes Not specified

77 Kraken 0 Votes Varies by method and verification level

Kraken
Kraken

The Maximum Deposit amount is flexible and depends on the chosen funding method and the user's account verification level.

Largest deposit allowed per transaction.

Deposit Processing Time

What is the deposit processing time?

1 hours 0 Votes
Bitfinex
72 hours 0 Votes
Kraken

Average time to process deposits.

Local Currency

Is local currency funding supported?

No 0 Votes Bitfinex

Yes 0 Votes Kraken

Ability to fund accounts in local currencies.

Customer Support 8

Response Time

What is the typical response time?

24 hours 1 Votes
Bitfinex
48 hours 0 Votes
Kraken

Bitfinex
vs
Kraken
Response Time

Bitfinex provides a 24-hour customer support response time, whereas Kraken’s response time is 48 hours. Bitfinex is faster, suitable for users needing quicker assistance.

Average time taken to respond to customer inquiries.

I find Bitfinex's 24 hour customer support response time very helpful whereas Kraken takes up to 48 hours which can be frustrating.

See more

Support Channels

What support channels are available?

42 Bitfinex 0 Votes Email, Forum

57 Kraken 0 Votes Live Chat, Phone, Email

Bitfinex
Bitfinex

Support channels include Email and Forum, offering multiple ways to seek help and engage with the community.

Communication methods provided for customer support.

Dedicated Account Manager

Is a dedicated account manager provided?

No 0 Votes Bitfinex

No 0 Votes Kraken

Availability of a personal account manager for clients.

Educational Resources

Are educational resources provided?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Access to learning materials and trading guides.

Community Access

Is there a community for support?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Access to user forums or communities for peer support.

Onboarding Programs

Are onboarding programs available?

No 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

Onboarding programs are provided to help new users understand the platform's features and trading processes.

Structured programs to help new clients start trading.

Multilingual Support

Is support available in multiple languages?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Support is offered in multiple languages.

Support Availability

What are the support hours?

97 Bitfinex 0 Votes 24/7

97 Kraken 0 Votes 24/7

Hours during which support is available.

Miscellaneous Features 8

News and Market Insights

Are news and insights available?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

The platform provides access to news and market insights, which helps traders make informed decisions by staying updated on current events and trends.

Access to financial news and market analysis.

Affiliate Program

Is there an affiliate program?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Kraken
Kraken

An affiliate program is offered, allowing users to earn rewards by referring new customers to the platform.

Commission-based program for partners promoting the platform.

Educational Webinars

Are educational webinars provided?

No 0 Votes Bitfinex

Yes 0 Votes Kraken

Live or recorded webinars for trading education.

Trading Competitions

Are trading competitions available?

No 0 Votes Bitfinex

No 0 Votes Kraken

Competitions to engage traders and test skills.

Referral Program

Is there a referral program?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Rewards for referring new users.

Loyalty Programs

Are loyalty programs offered?

Yes 0 Votes Bitfinex

No 0 Votes Kraken

Bitfinex
Bitfinex

Loyalty programs are included, offering rewards or benefits to frequent traders that can enhance customer retention and incentivize trading activity.

Rewards for consistent platform use or trading activity.

Reward Programs

Are reward programs offered?

Yes 0 Votes Bitfinex

Yes 0 Votes Kraken

Bonus programs for participation or referrals.

Cashback Program

Is a cashback program offered?

No 0 Votes Bitfinex

No 0 Votes Kraken

Cash rewards for trading or deposits.

Surveys

Because hot takes deserve votes.

Performance

How would you rate the overall performance of this trading platform in terms of speed and reliability?

Excellent performance — Always fast and reliable, no lags
0 Votes
Bitfinex
0 Votes
Kraken
Very good performance — Mostly fast with occasional minor delays
0 Votes
Bitfinex
0 Votes
Kraken
Average performance — Some lags or slowdowns during peak times
0 Votes
Bitfinex
0 Votes
Kraken
Below average performance — Frequently slow or unreliable
0 Votes
Bitfinex
0 Votes
Kraken
Poor performance — Very slow and unreliable, often disconnects
0 Votes
Bitfinex
0 Votes
Kraken

Ease of Use

How would you rate the ease of use of this trading platform for both beginners and experienced traders?

Extremely easy to use — Simple interface, intuitive for everyone
0 Votes
Bitfinex
0 Votes
Kraken
Very easy to use — Mostly user-friendly with a few complex features
0 Votes
Bitfinex
0 Votes
Kraken
Average ease of use — Somewhat easy, but can be overwhelming at times
0 Votes
Bitfinex
0 Votes
Kraken
Below average ease of use — Challenging to navigate for beginners
0 Votes
Bitfinex
0 Votes
Kraken
Very difficult to use — Complicated interface, not user-friendly
0 Votes
Bitfinex
0 Votes
Kraken

Design and Layout

How would you describe the design and layout of this trading platform?

Outstanding design — Clean, modern, and well-organized layout
0 Votes
Bitfinex
0 Votes
Kraken
Very good design — Easy to navigate with a clear layout
0 Votes
Bitfinex
0 Votes
Kraken
Average design — Somewhat cluttered but functional
0 Votes
Bitfinex
0 Votes
Kraken
Below average design — Messy layout, hard to find tools
0 Votes
Bitfinex
0 Votes
Kraken
Poor design — Confusing and unappealing design, hard to use
0 Votes
Bitfinex
0 Votes
Kraken

Customer Support

How would you rate the customer support provided by this trading platform?

Excellent support — Always available, quick and helpful responses
0 Votes
Bitfinex
0 Votes
Kraken
Very good support — Responsive and helpful, with slight delays
0 Votes
Bitfinex
0 Votes
Kraken
Average support — Sometimes helpful, but slow response times
0 Votes
Bitfinex
0 Votes
Kraken
Below average support — Often unhelpful or difficult to reach
0 Votes
Bitfinex
0 Votes
Kraken
Poor support — No response or unhelpful customer service
0 Votes
Bitfinex
0 Votes
Kraken

Pricing

How would you rate the pricing of this trading platform in terms of value for money?

Great value for money — Affordable with lots of features
0 Votes
Bitfinex
0 Votes
Kraken
Pretty good price — Reasonably priced for the features offered
0 Votes
Bitfinex
0 Votes
Kraken
Fair deal — The pricing is fair, but could be better
0 Votes
Bitfinex
0 Votes
Kraken
Kinda pricey — A bit expensive for what is offered
0 Votes
Bitfinex
0 Votes
Kraken
Crazy expensive — Overpriced for the value provided
0 Votes
Bitfinex
0 Votes
Kraken

Trade Execution Speed

How would you rate the speed of trade execution on this platform?

Extremely fast — Executes trades instantly with no noticeable delay
0 Votes
Bitfinex
0 Votes
Kraken
Very fast — Executes trades within a few seconds
0 Votes
Bitfinex
0 Votes
Kraken
Average speed — Trades take around 5 to 10 seconds to execute
0 Votes
Bitfinex
0 Votes
Kraken
Slow — Trades can take up to 30 seconds to process
0 Votes
Bitfinex
0 Votes
Kraken
Very slow — Trades often take over 1 minute to execute
0 Votes
Bitfinex
0 Votes
Kraken

Charting and Technical Tools

How would you rate the quality of charting and technical analysis tools on this platform?

Excellent — Comprehensive and advanced tools, highly customizable
0 Votes
Bitfinex
0 Votes
Kraken
Very good — Great selection of tools, but could use minor improvements
0 Votes
Bitfinex
0 Votes
Kraken
Average — Sufficient tools, but lacks advanced features
0 Votes
Bitfinex
0 Votes
Kraken
Below average — Limited tools with poor functionality
0 Votes
Bitfinex
0 Votes
Kraken
Poor — No useful charting or technical analysis tools available
0 Votes
Bitfinex
0 Votes
Kraken

Trade Variety and Market Access

How would you rate the variety of trades and markets available on this platform?

Exceptional variety — Access to a wide range of markets and trade options
0 Votes
Bitfinex
0 Votes
Kraken
Very good variety — Good range of markets with most major options covered
0 Votes
Bitfinex
0 Votes
Kraken
Average variety — Covers basic markets but lacks some niche or advanced options
0 Votes
Bitfinex
0 Votes
Kraken
Below average variety — Limited market options with few choices
0 Votes
Bitfinex
0 Votes
Kraken
Very limited variety — Only a few basic markets and no advanced trade options
0 Votes
Bitfinex
0 Votes
Kraken

Order Types and Flexibility

How would you rate the variety and flexibility of order types available on this trading platform?

Highly flexible — Offers a wide range of order types (market, limit, stop, etc.) and advanced features
0 Votes
Bitfinex
0 Votes
Kraken
Very flexible — Provides essential order types and some advanced features
0 Votes
Bitfinex
0 Votes
Kraken
Average flexibility — Offers basic order types with few advanced options
0 Votes
Bitfinex
0 Votes
Kraken
Below average flexibility — Limited order types with few customization options
0 Votes
Bitfinex
0 Votes
Kraken
Very limited flexibility — Only basic market and limit orders available
0 Votes
Bitfinex
0 Votes
Kraken

Education and Resources

How would you rate the educational resources and tools available for new traders on this platform?

Outstanding resources — Comprehensive tutorials, webinars, and guides for all skill levels
0 Votes
Bitfinex
0 Votes
Kraken
Very good resources — Good tutorials and guides, but could be more detailed
0 Votes
Bitfinex
0 Votes
Kraken
Average resources — Basic resources, some helpful but lacks depth
0 Votes
Bitfinex
0 Votes
Kraken
Below average resources — Limited educational tools, not very helpful for beginners
0 Votes
Bitfinex
0 Votes
Kraken
Very poor resources — No useful resources for learning or improving skills
0 Votes
Bitfinex
0 Votes
Kraken

Guides 1

Articles 1

Let’s Get Started with Kraken!

Let’s Get Started with Kraken!

kraken.com
kraken.com

Reviews 0

The good, the bad, and the brutally honest.

Average Rating

Bitfinex
Bitfinex
Bitfinex
Bitfinex
0 / 5 0 Reviews
Kraken
Kraken
Kraken
Kraken
0 / 5 0 Reviews

Discussions 0

Thoughts, takes, and hot debates.

Awards 6

Only the best made it here.

Collections 0

Treasures You’ve picked. No fluff, all fun.

More Trading 0

Unlock more awesome finds.

Other Bitfinex Trading 0

Other Kraken Trading 0

Bitfinex
Bitfinex
Bitfinex
Bitfinex
Kraken
Kraken
Kraken
Kraken
vs