Kraken vs Strike: Which is Best? [2025]

Kraken

Popular and well-known exchange based in the USA.

Strike

Fast, secure US-based exchange with high limits.

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.

Strike

Available in 65+ countries including United States, El Salvador, Argentina, Costa Rica, Philippines and more. Send Globally feature available in 12+ countries.

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.

Strike

Bitcoin (BTC) on-chain and Lightning, USDT

Kraken

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

Strike

• Trading Fees:
• Under $250: 0.99%
• $250 - $2,000: 0.95%
• $2,000 - $5,000: 0.89%
• $5,000 - $50,000: 0.79%
• $50,000 - $500,000: 0.69%
• $500,000 - $5,000,000: 0.59%
• $5,000,000 - $15,000,000: 0.49%
• Over $15,000,000: 0.39%
• Bank transfers: Free
• On-chain BTC withdrawals: Network fee

~2% debit card deposit fee.

Kraken

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

Strike

Debit Card, ACH, and Wire Transfer

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).

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.

Strike

iOS Rating: 4.8 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.

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.

Strike

Industry standard security measures including 2FA authentication. Non-custodial Lightning payments. Registered and regulated Money Services Business (MSB).

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.

Strike

No publicly reported security incidents

Kraken

kraken.com

Strike

strike.me

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

Strike

No review available

"Love the hourly auto buy feature on this app. Invite some friends and go fee free. Auto buy for a week and go fee free. Otherwise fees are super low compared to everything else. Will never buy BTC on the other platforms again. Highly recommend."
- Real user review from iOS App Store, Android Play Store or Trustpilot