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Kraken vs MEXC: Which is Best? [2025]

Kraken
Overall Rating
MEXC
Overall Rating
Visit Kraken
Visit MEXC
Kraken logo Visit Kraken
MEXC logo Visit MEXC

Key differences

  1. MEXC supports over 2,000 cryptocurrencies, while Kraken supports 200+ cryptocurrencies.
  2. MEXC has lower trading fees (0.05% taker) compared to Kraken's 0.40% starting fee.
  3. Kraken is available in 190+ countries with extensive regulatory compliance, while MEXC serves 170+ countries.
  4. Kraken offers interest earning up to 6.5%, while MEXC offers up to 1.80% on Bitcoin savings.


Kraken vs MEXC Fees Calculator

Fee calculator estimates are based on our research & testing. Check the exchange website for most accurate fees.

We built this fee calculator to help you compare the fees of Kraken and MEXC.

Enter the amount you want to buy and we'll show you the estimated fees for each exchange.



Kraken vs MEXC in Comparison

Description

Kraken

Popular and well-known exchange based in the USA.

MEXC

MEXC is a global cryptocurrency exchange serving 40+ million users with over 2,000 tokens, ultra-fast trading engine, and multiple payment options including credit cards, bank transfers, and P2P trading.

Supported Countries

Kraken

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.

MEXC

Available in 170+ countries and regions globally. Operates under Estonian regulation (MEXC Estonia OÜ) for EU compliance. Specific country restrictions vary by local regulations.

Supported Cryptocurrencies

Kraken

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.

MEXC

Over 2,000 tokens in Spot market, 11+ cryptocurrencies for direct purchase including BTC, ETH, USDT, USDC, DOGE, TRX, XRP, LTC, SOL and more

Fees

Kraken

  • Withdrawal Fees:
  • ACH: Free
  • Wire Transfer: $25
  • SEPA: Free
  • SWIFT: $25
  • BTC: Network fees vary

MEXC

  • Spot Trading Fees (Standard):
  • Maker: 0.000%
  • Taker: 0.050%

  • Futures Trading Fees (Standard):
  • Maker: 0.000%
  • Taker: 0.020%

  • With MX Token Benefits:
  • Hold 500+ MX: 50% discount
  • MX deduction: 20% discount

  • Withdrawal Fees:
  • BTC: 0.00002 BTC
  • USDT: 0.05-1.02 USDT
  • ETH: 0.05 ETH

Payment Methods

Kraken

ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal

MEXC

Credit CardBank AccountP2PThird-Party Payment

Do These Exchanges Allow you To Earn Interest on Crypto?

Kraken

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).

MEXC

0.28% - 1.80%

MEXC Earn offers Flexible and Fixed Savings products with tiered rates. Bitcoin Flexible Savings offers up to 1.80% APY (0-0.01 BTC), 0.80% APY (0.01-0.5 BTC), and 0.28% APY (>0.5 BTC). Fixed 1-day products offer 0.38% APY. Promotional rates for new users can reach up to 800% APR on selected tokens.

Mobile App Ratings

Kraken

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.

MEXC

iOS Rating: 4.5 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.6 Official rating from the Android Play Store as of November 18, 2024.

Storage

Kraken

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.

MEXC

Multi-tier, multi-cluster architecture for enhanced security and scalability. No security incidents reported. Regulated by Estonian FIU with EU compliance standards including AML and CTF protocols. Users can withdraw to external wallets.

Have These Exchanges Been Hacked Before?

Kraken

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.

MEXC

No security incidents reported

Official Site

Kraken

kraken.com

MEXC

mexc.com

Exchange Review

Kraken

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

MEXC

Read our MEXC review

"The app offers various trading tools and features, such as margin trading, futures, and staking options, which cater to the needs of both novice and experienced traders."
- Real user review from iOS App Store, Android Play Store or Trustpilot

Kraken vs MEXC Comparison

Fee Structures

Kraken (taker) 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+
Kraken offers fee-free ACH and SEPA deposits. ACH and SEPA withdrawals are free, while wire transfers and SWIFT have a $25 fee. MEXC uses a simple fee structure:
  • Spot Trading - Maker: 0.00% (Free)
  • Spot Trading - Taker: 0.05%
  • Futures Trading - Maker: 0.00% (Free)
  • Futures Trading - Taker: 0.02%
MEXC offers additional discounts for MX token holders: 50% discount for holding 500+ MX tokens, and 20% discount when using MX for fee deduction.

Feature Set

Kraken offers over 200 cryptocurrencies, staking/interest earning options (0.15% - 6.5%), advanced trading features, auto-DCA, margin trading, and secure cold storage with industry-leading security certifications.

MEXC supports over 2,000 tokens in spot market with 11+ cryptocurrencies available for direct purchase. Features include margin trading, futures, staking options, MEXC Earn with flexible and fixed savings products, and an ultra-fast trading engine.

Geographic Availability

Kraken is available in over 190 countries globally, though restricted in New York, Washington state, Japan, Russia, Belarus, Cuba, Iran, Iraq, North Korea and a few other regions.

MEXC is available in 170+ countries and regions globally. Operates under Estonian regulation (MEXC Estonia OÜ) for EU compliance. Specific country restrictions vary by local regulations.

Security Features

Kraken features ISO 27001, SOC 2, cold storage, FIDO2 2FA, and proof of reserves auditing with 24/7 armed guard surveillance.

MEXC implements multi-tier, multi-cluster architecture for enhanced security and scalability. Regulated by Estonian FIU with EU compliance standards including AML and CTF protocols. No security incidents reported.

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.

MEXC supports Credit Cards (Visa, Mastercard), Bank Account transfers, P2P trading platform, and Third-Party payment providers. Crypto deposits are free, while credit card purchases have higher processing fees.

Customer Support

Kraken provides 24/7 human support with global availability. MEXC offers customer support through their platform serving 40+ million users globally.

Additional Features

Kraken offers interest-earning options (BTC: 0.15% bonded/0.1% flexible, USDT/USD/USDC: 6.5% bonded/4.5% flexible, EUR: 4.45% bonded/3.5% flexible), staking, margin trading, and support for 200+ assets with advanced charts and trading tools.

MEXC provides MEXC Earn with Bitcoin Flexible Savings offering up to 1.80% APY (0-0.01 BTC), 0.80% APY (0.01-0.5 BTC), and 0.28% APY (>0.5 BTC). Fixed 1-day products offer 0.38% APY, with promotional rates for new users reaching up to 800% APR on selected tokens. Features futures trading, margin trading, and access to over 2,000 tokens.

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