When discussing cryptocurrency exchanges, KuCoin and Kraken are two prominent names that frequently emerge in conversations. Both platforms have gained global popularity by offering diverse trading features and services.
KuCoin boasts an impressive $400M+ daily spot and derivatives trading volume**, securing its position among the top 20 crypto exchanges worldwide. Meanwhile, Kraken, though less mainstream, maintains steady recognition with **$818M in spot trading volume and $247M in derivatives volume.
This guide compares KuCoin and Kraken side by side—examining their offerings, platforms, and overall performance—to help you determine the superior exchange.
KuCoin vs Kraken: Quick Comparison
| Feature | KuCoin | Kraken |
|---|---|---|
| Supported Coins | 700+ | 185+ |
| Trading Fees | 0.1% | 0.16% (maker) / 0.26% (taker) |
| Fiat Deposits | 40+ options (USD, EUR, GBP, etc.) | Limited (USD, CAD, AUD, etc.) |
| Margin Trading | Up to 100x leverage | Up to 5x leverage |
| Derivatives | Yes | Yes |
| Staking Rewards | 40+ coins (higher APY) | 5+ coins (lower APY) |
| Mobile App | Advanced features | User-friendly |
| Security | Cold storage, 2FA | No major breaches, cold storage |
KuCoin Overview
Founded in 2017, KuCoin is a global exchange known for its vast coin selection (700+) and low trading fees (0.1%). It supports:
- Spot, futures, and margin trading
- NFT launchpad
- Crypto staking (up to 16% APY)
- Copy trading functionality
Pros:
✅ High liquidity
✅ Low fees
✅ 700+ altcoins
Cons:
❌ Not available in the U.S.
❌ Complex interface for beginners
Kraken Overview
Launched in 2013, Kraken is a U.S.-based exchange praised for its security and regulatory compliance. Key features:
- Spot and derivatives trading
- Staking (12% APY)
- Robust customer support
Pros:
✅ Strong security
✅ Good for beginners
✅ Transparent fees
Cons:
❌ Fewer coins (185+)
❌ Higher fees for spot trading
Key Comparisons
1. Trading Fees
- KuCoin: 0.1% flat fee (discounts for KCS token holders).
- Kraken: 0.16%–0.26% (volume-based discounts).
2. Staking
- KuCoin: Higher APYs (e.g., 16% for Polkadot).
- Kraken: Limited options (U.S. users excluded).
3. Security
- Both use cold storage and 2FA.
- Kraken has no major breaches; KuCoin suffered a 2020 hack (reimbursed).
4. NFT Trading
- KuCoin: NFT launchpad + third-party marketplace.
- Kraken: No NFT support yet.
Final Verdict
KuCoin wins for:
✔️ Lower fees
✔️ 700+ coins
✔️ Advanced trading tools
Kraken is better if you:
✔️ Prioritize security
✔️ Need U.S. compliance
For altcoin traders, KuCoin is the clear choice. Beginners may prefer Kraken’s simplicity.
FAQs
1. Is Kraken safer than KuCoin?
Yes. Kraken has no major breaches, while KuCoin improved post-2020.
2. Does KuCoin support U.S. users?
No. Kraken is fully compliant in the U.S.
3. Which has lower fees?
KuCoin (0.1% vs. Kraken’s 0.16%).
4. Best for staking?
KuCoin offers higher APYs (e.g., 16% vs. 12%).