Coinbase vs Kraken - Which to use?
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- āđāļāļĒāđāļāļĢāđāđāļĄāļ·āđāļ 2 āļŠ.āļ. 2024
- Which exchange should you use, Kraken or Coinbase? Find out now!
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Timestamps:
00:00 Introduction
00:24 Discounted links!
00:50 how I review exchanges
01:15 Comparing fees
01:50 Cryptos supported
02:15 Withdrawal limits
02:50 FDIC insurance?
03:00 Staking?
03:30 Countries available?
03:40 USD deposits?
03:55 Reputations?
04:00 Kraken Never hacked?
04:30 Final discussions / choices
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I have been swing trading on Coinbase Pro for a few months and yesterday, I did it on Kraken Pro. On Kraken Pro, there are a lot more options to purchase and to sell. Yesterday, I doubled my money trading Bitcoin, using a Stoploss and it was fast and easy to edit it as the price went up and I didn't have to worry about getting rug pulled and not able to sell my positions fast enough. The thing I like about Coinbase pro more than Kraken pro was volume and the trading view charts reflecting it. On Kraken pro, the lack of volume literally shows a line. Coinbase just seems to freeze. Also, I have experienced technical issues with Coinbase on multiple occasions, which is why I decided to use Kraken Pro. Customer Service on both platforms is decent, but Kraken was easier and I was able to have a very fast response time on X. Still using both, but if I had to choose, I would go with Kraken Pro because of the Coinbase glitches.
thanks for review
Coinbase is marketing to those who are completely new to crypto and Kraken isn't really similarly catering to that market IMO so far. Another problem with ETORO is that it isn't in the US.
it is in the USA idk what you're talking about lol
@@TomSparkReviews it's products are in the USA but the company is not so it isn't subject to the same laws.
What is best exchange for uk residents? Iâm new in market
what about fees when transferring to cold wallets, is Kraken a lot cheaper than Coinbase for that as well?
Can i place a limit order a 100% or more increase or decrease of the present price?
So kraken is a little better on fees withdrawing cash back into your bank account?
So if Iâm selling 100 dollars worth of a crypto what would the fee difference be between the two?
Yes i chose kracken
I use both
which works better for you? If you day or swing trading a few days, which is better?
How much is the maximum withdrawal you have done.
Isnât it a little risky to not have the FDIC Insurance? Iâm in the US
Of course. It's also risky putting money in banks. Go look up very recent articles (as of June 2024) about Banks preventing customers from withdrawing their money
I used both if you are a trader taking advantage the opportunity choose Kraken but long term investment with staking profit better is coinbase. It depends on you.
Thank you Tom for sharing the info. I subscribe now.
Thanks for sharing!
is Ethana custody WIRE (one of the pay services on Kraken) safe. I hear people complaining about long wait and lost money. I cant use E transfer cause I'm in Canada. E transfer only works in Canada but not from U.S to Canada. Also on Kraken there is no direct bank deposit which mean nothing more but extra expenses.
Is Lobstr legit?
Never heard of it, id stay away from it
Opinions on coinbase? Can it be hacked easly?
even if it does its FDIC insured so you'll receive your funds even if they go down up to 250k
@@coleOKeefe i dont think Coin base is FDIC insured
The usd is
Coinbase is not FDIC insured, the banks in which they use are. So in the event of a hack, if your funds were at said bank, then whatever portion they held would be insured. BUT, your digital assets as you understand then are not directly FDIC insured.
And IDK who needs to read this but if someone is withdrawing 100k or more daily on a crypto exchange, they ainât on TH-cam.
thats true lol...but...who knows....never say never!@@josevega76
coinbase fee is ridiculous,took away 4k USD through my 2 times coin swap ðĒ
Jfc