Kraken vs CoinJar: Which is Best? [2025]
Key differences
- Kraken charges 1% trading fee plus 1% spread while CoinJar charges only 1% fee with no spread
- CoinJar is more cost-effective for retail purchases (1% total vs Kraken's 2% total)
- Kraken offers Kraken+ membership with 0% fees up to $10,000 monthly volume
- Kraken is available globally while CoinJar is primarily focused on Australia
Kraken vs CoinJar Fees Calculator
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Enter the amount you want to buy and we'll show you the estimated fees for each exchange.
Kraken vs CoinJar in Comparison
Description
Popular and well-known exchange based in the USA.
CoinJar has been operating since 2013, as it's one of the first Bitcoin exchanges in Australia.
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.
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.
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
Bank Account, Debit Card, Credit Card, NPP, Osko, PayID
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: 4.7 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 3.5 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.
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.
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
Kraken vs CoinJar Comparison
Fee Structures
Kraken charges a 1% trading fee plus a 1% spread for Instant Buy/Sell services, resulting in a total cost of 2%. They offer a Kraken+ membership that waives trading fees on up to $10,000 in monthly trading volume.
CoinJar charges a flat 1% fee for fiat to cryptocurrency conversions, whether one-time or DCA purchases, with no additional spread fees. This makes CoinJar more cost-effective for retail purchases.
Feature Set
Kraken provides a comprehensive trading platform with advanced features including margin trading, futures trading, and a sophisticated mobile app. They offer interest-earning opportunities through on-chain staking, NFT trading, and have built-in wallet functionality.
CoinJar focuses on simplicity with a built-in wallet, straightforward DCA functionality, and a prepaid Mastercard for spending crypto. While they don't offer advanced trading features like margin trading, their platform is designed for long-term Bitcoin accumulation.
Geographic Availability
Kraken is available in over 190 countries globally, including most US states (except New York and Washington), Canada, Europe, and many other regions. They have extensive regulatory compliance across multiple jurisdictions.
CoinJar is primarily focused on the Australian market, though they do accept users from other countries including the United States. They are fully regulated by AUSTRAC as a Digital Currency Exchange.
Payment Methods
Kraken supports ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, and Wire Transfers. They offer free ACH and SEPA deposits.
CoinJar supports Bank Account, Debit Card, Credit Card, NPP, Osko, PayID, Wire Transfer, and ACH. They offer free ACH deposits and withdrawals, but charge $20 for wire transfers.
Security Features
Kraken features industry-leading security with ISO/IEC 27001:2013 certification, SOC 2 Type 1 examination, cold storage, 24/7 surveillance, FIDO2 2FA, and proof of reserves auditing.
CoinJar implements standard exchange security measures including 2FA and secure storage practices.
Customer Support
Kraken provides 24/7 customer support with human representatives available around the clock. CoinJar offers standard customer support during business hours through their app-based system.
Additional Features
Kraken offers on-chain staking rewards, NFT trading, interest-earning opportunities, support for 200+ assets with advanced charts, and margin trading capabilities. Kraken+ members enjoy zero trading fees on up to $10,000 monthly volume.
CoinJar provides a prepaid Mastercard for spending crypto, bundle investing options, and focuses on DCA automation and simple crypto purchases.
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