Kraken vs Bitbuy: Which is Best? [2025]
Key differences
- Kraken supports over 200 cryptocurrencies; Bitbuy supports only 33.
- Bitbuy is available only in Canada, whereas Kraken is available in over 190 countries.
- Kraken has more advanced trading tools and support for multiple fiat payment methods.
- Kraken has a higher security rating with ISO and SOC certifications, while Bitbuy offers a federally approved insurance policy.
Kraken vs Bitbuy Fees Calculator
We built this fee calculator to help you compare the fees of Kraken and Bitbuy.
Enter the amount you want to buy and we'll show you the estimated fees for each exchange.
Kraken vs Bitbuy in Comparison
Description
Popular and well-known exchange based in the USA.
Fast, secure Canadian exchange with high limits and BTC insurance.
Supported Countries
Available in over 190 countries globally with some restrictions. Not available in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other restricted regions. Some European countries have restrictions on specific services like futures trading.
Only available in Canada. Registered with Ontario Securities Commission (OSC) and FINTRAC.
Supported Cryptocurrencies
Over 200 cryptocurrencies supported including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, LUNA2, ATOM, ALGO, APT, ARB, FTM, NEAR, OP, PYUSD, STRK, SUI, TON, TRX, XLM, XMR, XTZ and many more across multiple networks including Ethereum, Solana, Bitcoin, Polygon, Arbitrum, and others.
33 cryptocurrencies including BTC, ETH, USDC, SOL, DOGE, SHIB, XRP, ADA, MATIC, DOT, AVAX, LINK, MANA, and more
Fees
- Withdrawal Fees:
- ACH: Free
- Wire Transfer: $25
- SEPA: Free
- SWIFT: $25
- BTC: Network fees vary
- Withdrawal Fees:
- Interac e-Transfer: Free
- Bank Deposit: 1.5%
- Wire Transfer: 1.5%
- BTC: 0.0005 BTC
Payment Methods
ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, Instant Verification
Interac e-Transfer, Bank Account, Credit Card, Debit Card
Do These Exchanges Allow you To Earn Interest on Crypto?
0.15% - 6.5%
Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).
Mobile App Ratings
iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.3 Official rating from the Android Play Store as of November 18, 2024.
iOS Rating: 4.5 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.5 Official rating from the Android Play Store as of November 18, 2024.
Storage
Industry-leading security with ISO/IEC 27001:2013 certification and SOC 2 Type 1 examination. Funds stored in secure cold storage with 24/7 armed guard surveillance. Features include advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing. No phone/SMS recovery to prevent SIM swap attacks. Expert security team with constant monitoring and testing.
Multi-tiered security system with servers secured across multiple world-class cloud providers. Features include 2FA authentication, comprehensive BitGo insurance policy, proof-of-solvency accounting, routine financial/security audits, and privately maintained closed-source codebase. First Canadian registered marketplace for crypto assets, federally approved as a Restricted Dealer.
Have These Exchanges Been Hacked Before?
Yes, Kraken was hacked in June 2024, but the crypto exchange was able to fix the breach within 47 minutes and no client funds were lost.
No. No publicly reported major hacking incidents.
Official Site
Exchange Review
No review available
"What a fantastic trading platform. Wonderful to have it as the mobile version, being able to work your trades on the go. Keeping up with the portfolio just became incredibly easy! Love you guys and thank you for the work. New trader here! The interface is easy to navigate and a pleasure on the eyes. The setup is notable, and perhaps there should be instructions provided in the app upon first launch. :)"
- Real user review from iOS App Store, Android Play Store or Trustpilot
No review available
"Bravo Bitbuy! Hands down best Bitcoin buying app in Canada. I have used all of the other crypto apps in Canada including Coinsquare, Coinberry and Shakepay. This is by far the best app out of them all. I love the quick turnaround times, low BTC prices and lightening fast customer service."
- Real user review from iOS App Store, Android Play Store or Trustpilot
Kraken vs Bitbuy Comparison
Fee Structures
Kraken uses a tiered fee structure based on 30-day trading volume:
- 0.40% for under $10,000
- 0.35% for $10,000-$50,000
- 0.24% for $50,000-$100,000
- 0.22% for $100,000-$250,000
- 0.20% for $250,000-$500,000
- 0.18% for $500,000-$1M
- 0.16% for $1M-$2.5M
- 0.14% for $2.5M-$5M
- 0.12% for $5M-$10M
- 0.10% for $10M-$100M
- 0.08% for over $100M
- No spread fees
- $25 fee for wire transfers
- Variable BTC network fees for crypto withdrawals
- Interac e-Transfer support
- 1.5% trading fee
- 0.01 BTC spread
- Free Interac deposits
- Free wire deposits
- 1.5% withdrawal fee for bank deposits and wire transfers
- 0.0005 BTC withdrawal fee for BTC
Feature Set
Kraken offers over 200 cryptocurrencies, staking with up to 6.5% APY, flexible and bonded interest accounts, advanced trading tools, and security features like time-locked global settings and cold storage. Kraken also provides a sophisticated recurring buys (DCA) feature that allows users to:
- Set up automated purchases on daily, weekly, monthly, or custom schedules
- Set specific price conditions for purchase triggers
- Edit schedules anytime to adjust amounts or payment methods
- Access DCA through both web platform and mobile app
- Use dollar-cost averaging to navigate market volatility
Bitbuy provides a streamlined experience for Canadians with fast fiat on/off ramps, a simplified user interface, and a wallet included. It supports Auto-DCA and has federal registration with OSC and FINTRAC.
Geographic Availability
Kraken is available in Canada and supports Canadian users. Bitbuy is exclusively available in Canada.
Security Features
Kraken features ISO 27001, SOC 2, cold storage, FIDO2, and proof of reserves. Bitbuy implements multi-cloud servers, BitGo insurance, 2FA, and a private codebase.
Payment Methods
Kraken supports Interac e-Transfer, wire transfers, debit cards, and bank accounts for Canadian users.
Bitbuy supports Interac e-Transfer, Bank Account, Credit Card, and Debit Card.
Customer Support
Kraken provides 24/7 live support, while Bitbuy offers fast email and ticket-based support.
Additional Features
Kraken offers interest-earning options, staking, and support for 200+ assets with advanced charts.
Bitbuy focuses on Canadian-specific banking compatibility and fast onboarding.
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