Alternatives to Kraken
We have checked 5 brokerage account providers that are an alternative to Kraken. Kraken scores 84 out of 100 points in our rating. 4 providers score higher, led by ING with 91 points (7 points ahead).
FAQ: alternatives to Kraken
ING – with 91 out of 100 points the highest-rated alternative and therefore 7 points ahead of Kraken (84). ING: Germany's largest direct bank, focused on simple, fair products.
Our rating found these weaknesses at Kraken: Taker fee in the entry tier of 0.40 percent is higher than at the European competitors; SEPA withdrawal costs a flat €1; Instant Buy function at 3.75 percent is an expensive trap for beginners. If any of them is a deal-breaker for you, it is worth looking at the 5 alternatives on this page.
Kraken scores with: Full MiCA licence from the Central Bank of Ireland for all seven regulated crypto services; Over 95 percent cold storage plus quarterly proof of reserves with external review; Very far-reaching account security including Global Settings Lock and withdrawal whitelist. That adds up to 84 out of 100 points. If this matters to you, you will hardly find anything better among the alternatives.