P2B vs Kraken: Which one should you use in 2024?

Have you been wondering which among P2B and Kraken will be the best choice for you? Or do you want to know more in detail about the products and features of these exchanges?

Don’t worry; you are at the right place.

I will be comparing these exchanges head to head on different segments that will help you choose the best platform that would suit your trading needs. So without further delay, let’s start by loading some basic information about them.

P2B vs Kraken: At A Glance Comparison

P2B

Starting with P2B, this crypto exchange was founded in 2018 and is based in Lithuania. It comes with a powerful trading engine capable of handling more than 10,000 trades per second.

With over 2.5 million user visits per month and more than 1 billion USD worth of daily trades, the exchange ranks in the top 30 crypto exchanges globally.

Kraken

On the other hand, Kraken is a San Francisco-based high leverage crypto trading platform that is much older than P2B. Founded in 2011, this exchange holds more than 9 million users worldwide and operates in more than 190 countries.

With a spotless reputation for reliability and transparency, it records a quarterly trading volume of more than $207 billion.

Now let’s start by comparing these exchanges on what trading markets, products, and leverage these exchanges offer.

P2B vs Kraken: Trading Markets, Products & Leverage Offered

P2B

Beginning with P2B, the exchange offers a comparatively limited list of trading products:

• Spot trading: Enjoy a long list of crypto trading pairs.
• Crypto Earning: Crypto earning staking, flexible earning, and earning pool.

Kraken

On the other hand, Kraken offers a long list of crypto trading products, which are:

• Crypto Staking: Earn up to 24% APY on your crypto holdings.
• Futures Trading: Use leverage on your crypto trading with over 95 perpetual futures.
• Spot Trading: More than 100 currency pairs with advanced trading options.
• Margin Trading: Enjoy up to 5x leverage on all the assets available on the exchange.

Verdict: Clearly, Kraken has a long list of products as compared to P2B, making it the winner in this segment.

P2B vs Kraken: Supported Cryptocurrencies

P2B

When it comes to crypto asset listing, P2B has a limited list of them but at the same time includes all the essential ones, which are:

• Tether US
• Bitcoin
• Ethereum
• BUSD-SC
• Dogecoin
• Binance Coin
• Tron
• Litecoin

Kraken

Coming to Kraken, this crypto exchange, has a massive list of crypto assets, counting more than 210 of them. I have mentioned some of the popular ones below.

• Bitcoin
• Ethereum
• Ripple
• Dogecoin
• Tether
• Solana
• Shiba Inu

Verdict: Kraken is surely the winner in this segment, with a long list of crypto assets to choose from.

P2B vs Kraken: Trading Fee & Deposit/Withdrawal Fee Compared

Moving on to one of the most crucial aspects of choosing a crypto exchange, which is how much they will charge you for trading. Let’s see their fee structure quickly.

P2B

The fee schedule on P2B is segregated into two types, as most of the crypto trading platforms. These are:

• Trading Fees

  Level	Trading Volume (30d in BTC)	Taker/Maker
  LEVEL 0	≥ 0	0.2%/0.2%
  LEVEL 1	≥ 1	0.19%/ 0.18%
  LEVEL 2	≥ 5	0.18%/0.16%
  LEVEL 3	≥ 10	0.17%/0.14
  LEVEL 4	≥ 25	0.16%/0.12%
  LEVEL 5	≥ 75	0.15%/0.1%
  LEVEL 6	≥ 100	0.14%/0.08%
  LEVEL 7	≥ 150	0.13%/0.06%
  LEVEL 8	≥ 300	0.12%/0.04%
  LEVEL 9	≥ 450	0.11%/0.02%
  LEVEL 10	≥ 500	0.1%/0.01%

• Deposit and Withdrawal Fees

Deposit is free on P2B for most of the assets you deposit, but when it comes to withdrawals, the fee depends on the asset.

If you want to go through the complete list, please click here.

Kraken

Coming to Kraken, there is a designated trading fee schedule for spot and futures trading. Please go through the tables below to understand them better.

• Spot Trading Fee

• Futures Trading Fee

• Deposit and Withdrawal Fees

Kraken doesn’t charge you a penny to deposit fees on the exchange, but there is a minimum deposit requirement that you have to comply with for each transaction.

Coming to withdrawal, however, the same as P2B, the fee depends on the asset you are withdrawing. Additionally, depositing or withdrawing fiat will also attract a transaction fee, depending on your payment option.

Verdict: Kraken has a more affordable fee structure, making it the winner in this segment.

P2B vs Kraken: Order Types

Now coming to the order types offered by these exchanges, which is another crucial aspect of trading as it is the order type that lets you take advantage of the market trends.

P2B

P2B crypto trading exchange offers two order types, which are:

• Limit Order
• Market Order

Kraken

On the other hand, Kraken offers a long list of order types, which are:

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

P2B vs Kraken: KYC Requirements & KYC Limits

P2B

Coming to KYC requirements, P2B offers anonymous trading capabilities as well.

Most of the products and all the assets are available to trade with, even if you are non-verified. However, there is a limitation for withdrawals of more than 1000 USD per 24 hours.

In order to be verified, you need to submit a government-issued ID and a clear selfie.

Kraken

Coming to Kraken, basic KYC with email and essential information is mandatory to trade. I have mentioned all the requirements for each account level and the limits associated with each account level below:

P2B vs Kraken: Deposits & Withdrawal Options

P2B

Starting with P2B, there are all the essential methods of deposit and withdrawals, which are:

• Direct Crypto Deposit
• Fiat Deposit

Kraken

On the other hand, Kraken also comes with a wide range of deposit and withdrawal options, being:

• Debit/credit card transfer
• Bank Transfer
• Direct crypto transfer

P2B vs Kraken: Trading & Platform Experience Comparison

P2B

As I told you, P2B is famous for its trading engine, which is fairly capable of handling an enormous number of trades in a second. Additionally, the trading window readily offers a precise price chart and order book right on the page.

The trading view also consists of buy and sell boxes which allows you to quickly execute trades. The overall usability of the exchange is quite user-friendly and suitable for beginners.

Kraken

On the other hand, Kraken offers two different exchanges based on usability.

One of them is pretty basic, where you can buy and sell crypto with ease. If you are looking for a platform where you can invest and manage portfolios, this exchange will be the best choice for you.

In contrast, the pro platform, as the name suggests, is for advanced trading capabilities. Kraken PRO comes with trading-rich features that include:

• Technical chart by TradingView
• Easy-to-use order form
• Trading Pair Details
• Open orders, positions, trades, conditional orders

To learn more about the exchange, check this guide on how to short on Kraken guide.

P2B vs Kraken: Customer Support

P2B

When it comes to customer support, P2B is nowhere behind in that as well; the exchange offers exceptional customer support via a variety of modes like Email and social media handles.

The exchange holds thousands of global communities on multiple social media platforms like Telegram, Twitter, Instagram, and Linkedin, as well as partnerships with numerous globally renowned companies.

Kraken

On the other hand, Kraken offers extensive customer support, which is available 24×7. You can reach out to them via ticketed service as well as live chat for instant solutions.

Moreover, Kraken also comes with a comprehensive FAQ section where you can find answers to almost all of your queries. In addition to it, you can also contact Kraken via their Twitter handle @krakensupport.

P2B vs Kraken: Security Features

Now let’s discuss another prominent aspect of crypto trading exchanges, which is the security features these platforms offer.

P2B

Starting with P2B, trading on this exchange is like trading with vault-like security; these features include:

• Cold wallet storage of 96% of assets
• Two-factor authentication
• WAF-based smart screen-enabled website

Kraken

Kraken is nowhere behind when it comes to the security of the exchange. It is equipped with top-notch security features, complying with industry standards. The features include:

• Configurable account timeout
• Email confirmation for withdrawals with self-serve account lock
• Two-factor authentication
• Device management systems

Is P2B Safe & Legal To Use?

The clear answer to this question is that, yes, P2B is a safe, legal, and legitimate platform. P2B lets you take charge of your funds and takes care of your privacy like no other.

The exchange offers all of the highly advanced security features and keeps your funds safe around the clock.

Is Kraken Safe & Legal To Use?

When this question arises for Kraken, the clear answer to this is definitely a yes.

Kraken is a self-regulated exchange registered as a Money Services Business with FinCEN, United States.

Moreover, it also comes with all of the top-notch security features as well as solid trading infrastructure and a huge customer base.

P2B vs Kraken Conclusion: Why not use both?

Looking at P2B and Kraken at a glance, there is a lot of difference in their functionalities and features. Now that I have told you about them and compared them to their core, the decision depends upon your trading needs.

For instance, if you are new to trading or you are looking for a specific crypto asset, or your goal is to spot trade, then P2B is everything you need.

Its superior spot trading capabilities and beginner-friendly trading ecosystem will be the right option for you.

On the other hand, if you are looking for cryptocurrency day trading platform to up your game and you are looking to diversify your crypto trading experience, then Kraken will surely be the right choice for you.

Kraken PRO’s advanced trading capabilities will give you a further boost in your trading experience.

So without any further delay, choose your crypto exchange and start your trading journey now!

Learn how does P2B & Kraken stack up against the competition:

• P2B Vs KuCoin
• Kraken vs Binance
• Kraken vs Gemini
• Kraken vs Poloniex
• Kraken vs Phemex
• Kraken vs OKX

• Author
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Sudhir Khatwani

Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.

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