In light of recent liquidity issues, we DO NOT RECOMMEND opening an account with FTX Exchange, and users should AVOID sending/receiving money through FTX Exchange.

FTX and Kraken are among the most famous choices of crypto enthusiasts in the space. But the one question that arises very commonly these days is which one of them is the best. Choosing the best exchange among them is pretty tricky yet essential.

But don’t worry; I am here to help you select the ultimate exchange among them that would fit your trading strategy like a charm.

I will compare them on multiple criteria based on your trading requirements giving you clarity of these exchanges.

So, let’s dive directly into the comparison and begin with an overview of these exchanges.  

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FTX was founded in 2019 in Antigua and Barbuda. The exchange offers a wide range of spot markets and more than 150 perpetual futures markets. The growth this exchange has achieved in just 3 years of its launch is phenomenal.

The exchange has been valued at more than $18 billion, which is quite remarkable for a platform so young.


Kraken was introduced in 2011 in San Francisco, with offices established around the globe. It facilitates an average trading volume of over $207 billion with more than 9 million registered users worldwide. Kraken is supported in more than 190 countries. 

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Supported Cryptocurrencies

Coming to asset support, both exchanges offer a wide range of crypto assets on variable trading products. Let’s compare these platforms on this criterion. 


ftx Supported Cryptocurrencies

Beginning with FTX, the exchange supports more than 260 digital coins, which can be traded through various products available on the platform seamlessly. These assets include all your favourites, like:

  • Bitcoin
  • Ethereum
  • Solana
  • Dogecoin
  • Ripple


Besides Bitcoin, Ethereum and Ripple, the Kraken exchange offers more than 185+ crypto assets which you can start trading with just $10. Kraken also allows Bitcoin swaps against USD, EUR, CAD, GBP, CHF and JPY.

Verdict: FTX, in this criterion, earns the winning vote with comparatively more coin offerings than Kraken.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Product Offerings

When it comes to the product offering, both FTX and Kraken have a lot to offer; these are:


  • Futures Trading
  • Leveraged Trading
  • Options Trading
  • MOVE Contracts
  • Spot Trading
  • Prediction Markets

FTX offers maximum leverage of up to 20x on most of the assets available on the platform. 


  • Margin Trading
  • Futures Trading
  • Crypto Indices
  • Over-the-Counter Crypto Trading

Kraken, on the contrary, allows up to just 5x leverage on most of the assets supported on the exchange.

Verdict: Both platforms are pretty similar in their product offerings, but FTX stands a little ahead of Kraken with more products as well as leverage offerings, making it the winner in this segment.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Order Types

Regarding order types, both platforms offer a vivid range of order types that helps you take advantage of the various market conditions. These order types are:


  • Stop-Loss
  • Take Profit
  • Trailing Stop
  • Post Only
  • Immediate or Cancel (IOC)
  • Reduce Only
  • Market
  • Limit
  • Retry until filled


  • Market Order
  • Stop-Loss Order
  • Limit Order
  • Take-Profit Order

Verdict: Clearly, FTX offers a broader lineup of order types, therefore, making it the winner in this segment.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Fees Comparison

Both FTX and Kraken offer a reasonably competitive fee structure; let’s compare them quickly.

FTX- Trading Fees

FTX follows a maker/taker fee model for its trading fee structure. The maker can readily be seen on the order book, adding liquidity to the market. Simultaneously, the taker doesn’t go on the order book and is executed immediately, taking the market’s liquidity away.

To understand the trading fees better, please go through the following table:

Tier 30 D Volume (USD) Maker Fees Taker Fees
1 0 0.020% 0.070%
2 >2,000,000 0.015% 0.060%
3 >5,000,000 0.010% 0.055%
4 >10,000,000 0.005% 0.050%
5 >25,000,000 0.000% 0.045%
6 >50,000,000 0.000% 0.040%

Deposit and Withdrawal Fees

  • The exchange doesn’t charge you any deposit fees; let’s get to the withdrawal fees now.
  • Fiat withdrawals of $5000 and above are free for your first 5 per rolling 7-day period.
  • One fiat withdrawal below $5000 is free every rolling 7-day period.
  • If you stake 25 or more FTT coins, an additional fiat withdrawal of less than $5000 is free of charge.
Currency Fee

There are also funding fees that depend on the difference between the perpetual market price and the spot price charged by FTX.

Kraken- Trading Fees

It has a distinct fee structure for futures and spots, following the maker/taker model; please refer to the tables below to know it better.

Spot Trading Fees

30- Day Volume (USD) Maker Taker
$0 – $50,000 0.16% 0.26%
$50,001 – $100,000 0.14% 0.24%
$100,001 – $250,000 0.12% 0.22%
$250,001 – $500,000 0.10% 0.20%
$500,001 – $1,000,000 0.08% 0.18%
$1,000,001 – $2,500,000 0.06% 0.16%
$2,500,001 – $5,000,000 0.04% 0.14%
$5,000,001 – $10,000,000 0.02% 0.12%
$10,000,000+ 0.00% 0.10%

Futures Trading Fees

30-Day Volume USD Maker Fee Taker Fee
$0 – $100,000 0.0200% 0.0500%
$100,001 – $1,000,000 0.0150% 0.0400%
$1,000,001 – $5,000,000 0.0125% 0.0300%
$5,000,001 – $10,000,000 0.0100% 0.0250%
$10,000,001 – $20,000,000 0.0075% 0.0200%
$20,000,001 – $50,000,000 0.0050% 0.0150%
$50,000,001 – $100,000,000 0.0025% 0.0125%
$100,000,001 + 0.0000% 0.0100%

With the standard Kraken platform, the majority o crypto purchases will include a 1.5% fee, but when choosing to use stablecoins like the USD, you only have to pay 0.9%. Also, some additional fees depending on the method you use, are also charged. 

Verdict: FTX has more transparent, simple, yet affordable pricing. Therefore it is the winner in this segment.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Account Funding Methods

Your accounts on FTX and Kraken can quickly be funded via multiple methods. Let’s begin with FTX. 


  • Method 1: On the exchange, you can deposit funds using fiat currencies like USD, EUR, GBP, AUD, ARS, HKD, CAD, CHF, BRL and GHS.
  • Method 2: The platform also supports credit cards for USD.

Additionally, you can also convert your fiat currencies into crypto assets and place orders.


On the other hand, Kraken offers numerous funding methods, like:

  • Method 1: Funding through traditional fiat currencies.
  • Method 2: Funding through crypto coins directly.
  • Method 3: Use your digital wallet, a bank transfer or a qualifying credit/debit card for instant deposits.

FTX vs Kraken: Trading Platform Comparison

Coming to the UI and UX of the trading platforms, both FTX and Kraken stand pretty head to head.


FTX trading platform works seamlessly with all your devices, whether iOS or Android-supported mobile phones or Windows or Mac PC. The trading platform’s interface is pretty powerful and offers features that are best in the segment.

One of its most highlighting features is the trading view kit which provides an intuitive derivatives trading experience with almost all the charting systems and comes with built-in analysis tools to help you in technical analysis of the market.


As I already told you about the two platforms offered by Kraken. Beginners should start with the standard Kraken platform. Apart from crypto trading, you can also earn from crypto staking on Kraken.

 On the other hand, Kraken pro is an active trading platform that works through its web portal as well as its mobile app. It includes more detailed crypto information, including active charts and a view into open orders. It also has a lower fee structure, but you need to actively trade to access it.

Kraken’s interface is quite smooth and comes with a reasonably powerful engine. The application is available for both desktop and mobile devices with 100% compatibility.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Account Types


Tier Requirements Limits
unverified Email
Check for restricted jurisdictions
No ability to trade, withdraw or deposit; just to explore the site.
1 Email 
Full Legal Name
Date of Birth
Country of residence and region/province
Check for restricted jurisdictions
Phone jurisdiction
Crypto-only withdrawals: $2000 USD limit or equivalent per day.

No crypto deposit limit. No fiat deposit or withdrawal.

Enhanced diligence may be required.
 May not be able to trade futures.

2 Full Legal name
Date of birth
Proof of Address/phone jurisdiction
Description of source assets
Passport or other similar government-issued identification
Facial verification
Unlimited crypto and fiat deposits &   withdrawals.

KYC application submission:

  1. Go to the home page:
  2. Login or Register.
  3. and click ‘VERIFY IDENTITY’.
  4. Fill out the Level 1 Identity Verification form to get Tier 1 KYC verified (USD 2k/day withdrawal limits).
  5. Complete the KYC form and document upload to get Tier 2 KYC verified (unlimited withdrawals).


Kraken has four levels of accounts depending on your verification status; these are:

Starter- Requirements 

  • Full name
  • Phone number
  • Physical Address

Express- Requirements

  • All the starter-level requirements
  • Occupation information
  • And, Social security number if you are a US trader.

Intermediate- Requirements 

  • All express requirements
  • KYC verification with valid IDs
  • Proof of residence
  • Face photo

PRO- Requirements

  • All intermediate requirements
  • Fill KYC questionnaire
  • Set up two-factor authentication

Now, I will tell you how you can begin your trading journey on these platforms.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: How to get started?

Starting your journey on both FTX and Kraken is quite simple; let me tell you how it can be done.


To begin with, FTX, follow these steps:

  1. Start by registering yourself on the platform by using a valid email ID and secure password. 
  2. When you want to fund your wallet, activate your account using multi-factor authentication using the Google Authenticator application. 
  3. To place an order, choose to go long or short and the order type. Then, enter the BTC amount to purchase and click on the Buy or Sell tab. 

To exit the trade, you can follow the manual option, take profit order or place a stop loss.


Creating Your Account on Kraken

  1. Firstly, go to Kraken’s homepage and click the ‘Create an account tab. 
  2. Now, fill out the registration form using your email ID, username and password. 
  3. Select your country and enter other location-related details.  
  4. Then, activate your account using the activation key you’ll receive in your registered email. 
  5. Once your account is verified, you should cross-check and confirm the password by completing the captcha, thus making your account ready to trade.

Now you can directly make deposits and withdrawals through the method you want from the list mentioned on the funding page of your account and start trading.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.

FTX vs Kraken: Customer Support


Beginning with FTX has pretty responsive and dedicated customer support, which has been highly rated by users worldwide. The team is conveniently accessible via their help centre. You can connect them via Telegram or WeChat as well.

Additionally, they also have a comprehensive FAQ section which has solutions to almost all your queries.


Customer support on Kraken comes with a 24×7 live chat option which is pretty convenient. Additionally, consistent traders also get a personal account representative who handles all the account-related queries and requests on their behalf.

FTX vs Kraken: Security Features


FTX provides fortress-like security systems with a safe, secure and seamless trading experience. The exchange stores the majority of your funds in offline cold storage. FTX offers multi-factor authentication with insurance to protect you from significant price volatility cases.


Kraken also implements similar security measures as FTX, with most deposits held offline in cold storage. They also test their third-party services themselves, checking for any security issues. Other than these, there is two-factor authentication as well.

  • Is FTX safe?

FTX is surely a legitimate and safe platform and has been highly reputed among beginner as well as advanced traders. Security on FTX is simply impenetrable and has never been hacked. Additionally, it also offers insurance giving you a safe as well as secure crypto trading experience. 

  • Is Kraken safe?

Kraken is one of the longest-running platforms out there, and so far, there haven’t been any reports of cybersecurity breaches on the platform. With all the security systems in place, Kraken is undoubtedly a safe and secure platform for its users. It is a trustable platform.

HOT Offer: Get $25 on account opening & first deposit using this link to sign up.


Both FTX and Kraken are excellent tools for crypto trading. They come with top-notch security and are well-established platforms.

If you want an exchange with wider cryptocurrency offerings, higher leverage and order types, you should definitely go for FTX. 

On the contrary, if you want a simple-to-use and understand interface as well as more funding methods, you can choose Kraken. Both these exchanges come with striking features, and you won’t regret choosing any of them.

Still Can't Decide??

  • Upto 500x Leverage on Cryptos

  • No Deposit or Withdrawal Fees

  • Higher Volume & Liquidity 

  • Cold storage for funds