Kraken vs Bitonic: Which is Best? [2025]
Key differences
- Kraken offers competitive tiered trading fees starting at 0.40% while Bitonic charges a flat 1.0% fee with 0.5% spread.
- Kraken offers global availability in 190+ countries, while Bitonic is limited to EU/EEA countries.
- Bitonic offers free DCA up to €250/month, while Kraken offers auto-DCA with competitive tiered fees.
- Kraken provides advanced trading features and margin trading, while Bitonic focuses on simple Bitcoin purchases.
Kraken vs Bitonic Fees Calculator
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Kraken vs Bitonic in Comparison
Description
Popular and well-known exchange based in the USA.
First Bitcoin-only exchange in the Netherlands, founded in 2012. Known for security, transparency, and personal support. Offers OTC services and savings products with fully self-built infrastructure.
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.
Available in EU/EEA countries except prohibited jurisdictions including US, Russia, Belarus, Iran, North Korea, and other sanctioned countries.
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.
Bitcoin-only
Fees
- Withdrawal Fees:
- ACH: Free
- Wire Transfer: $25
- SEPA: Free
- SWIFT: $25
- BTC: Network fees vary
Payment Methods
ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal
iDEAL, Bancontact, Manual SEPA, Easy SEPA, Credit Card, Debit Card, Apple Pay, Google Pay
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).
No interest earning available
Bitonic does not offer interest earning on Bitcoin holdings.
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: 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.
Customer funds stored in segregated foundation (Stichting Bitonic Payments) separate from company finances. Multi-signature cold wallets for Bitcoin storage, fully reserved custody with no lending or staking. Self-built infrastructure in Netherlands with 12+ years security experience.
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 security breaches or hacks reported. Customer funds stored in segregated foundation with multi-signature cold storage.
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
"A super nice app, no bells or whistles, everything clean and fast."
- Real user review from iOS App Store, Android Play Store or Trustpilot
Kraken vs Bitonic Comparison
Fee Structures
Kraken offers competitive tiered trading fees based on volume:
- $0+: 0.40% (competitive rate)
- $10,000+: 0.35%
- $50,000+: 0.24%
- $100,000+: 0.22%
- $250,000+: 0.20%
- $500,000+: 0.18%
- $1M+: 0.16%
- $2.5M+: 0.14%
- $5M+: 0.12%
- $10M+: 0.10%
- $100M+: 0.08%
- Trading Account: 1.0% buy/sell fee
- Instant (Direct to Wallet): 0.99% + payment fees
- Auto Invest (DCA): Free up to €250/month, then 0.89% on amount above €250
- OTC (Large Orders): €200k+: 0.9% to 0.3%
Feature Set
Kraken offers over 200 cryptocurrencies, staking/interest earning options, advanced trading features, auto-DCA, and secure cold storage.
Bitonic focuses exclusively on Bitcoin with a simple, clean interface, built-in wallet, OTC services for large orders, and savings products. The platform is Bitcoin-only with fully self-built infrastructure.
Geographic Availability
Kraken is available in over 190 countries globally, including the US, Canada, and most of Europe, with restrictions in New York, Washington state, Japan, and some sanctioned countries.
Bitonic is available only in EU/EEA countries, excluding the US, Russia, Belarus, Iran, North Korea, and other sanctioned jurisdictions. The platform is registered with De Nederlandsche Bank (DNB) as a crypto service provider.
Security Features
Kraken features industry-leading security with ISO/IEC 27001:2013 certification, SOC 2 Type 1 examination, secure cold storage with 24/7 armed guard surveillance, advanced encryption, FIDO2 2FA, customizable API permissions, global settings time lock, and proof of reserves auditing.
Bitonic stores customer funds in a segregated foundation (Stichting Bitonic Payments) separate from company finances, with multi-signature cold wallets and fully reserved custody.
Payment Methods
Kraken supports ACH, Bank Account (including wire transfers, Fedwire/SWIFT, Etana Custody, FPS/CHAPS/BACS for UK, SIC for Switzerland, and PayID/Osko for Australia), SEPA, Interac e-Transfer, Debit Card, PayPal, Apple Pay, and Google Pay.
Bitonic supports iDEAL, Bancontact, Manual SEPA, and Easy SEPA transfers, with varying fees for each method.
Customer Support
Kraken provides 24/7 human support, while Bitonic offers personal support with over 12 years of experience in the Netherlands market.
Additional Features
Kraken offers interest-earning options, staking, margin trading, and support for 200+ assets with advanced charts. Bitonic provides OTC services for large orders, savings products, and a built-in Bitcoin wallet, focusing on simplicity and security.
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